Amendment No. 1 to Equipment Operating Lease Agreement
Exhibit 10.65
================================================================================
Amendment No. 1 to
Equipment Operating Lease Agreement
Dated as of December 19, 2002
between
State Street Bank and Trust Company,
not in its individual capacity except
as expressly provided herein, but
solely as Owner Trustee,
as Lessor
and
Old Dominion Electric Cooperative,
as Lessee
Clover Unit 1 Generating Facility
And
Common Facilities
================================================================================
AMENDMENT NO. 1 TO EQUIPMENT OPERATING LEASE AGREEMENT
This AMENDMENT NO. 1 TO EQUIPMENT OPERATING LEASE AGREEMENT, dated as of
December 19, 2002 (this "Amendment No. 1"), between STATE STREET BANK AND TRUST
COMPANY, a state-chartered trust company organized and existing under the laws
of the Commonwealth of Massachusetts, not in its individual capacity except as
expressly provided herein, but solely as Owner Trustee (the "Lessor"), and OLD
DOMINION ELECTRIC COOPERATIVE, a utility aggregation cooperative organized under
the laws of the Commonwealth of Virginia (the "Lessee").
WHEREAS, the Lessor and the Lessee entered into an Equipment Operating
Lease Agreement, dated as of February 29, 1996 (as amended and in effect from
time to time, the "Equipment Operating Lease") relating to the lease of the
Equipment Interest from the Lessor to the Lessee;
WHEREAS, the parties hereto wish to amend the Equipment Operating Lease as
set forth herein in connection with the mandatory prepayment of Loan
Certificates pursuant to Section 10.2 of the Participation Agreement referred to
below.
NOW, THEREFORE, in consideration of the foregoing premises and of other
good and valuable consideration, receipt of which is hereby acknowledged, the
parties hereto agree as follows:
SECTION 1. DEFINED TERMS
Capitalized terms used in this Amendment No. 1 (including the recitals) and
not otherwise defined herein shall have the respective meanings specified in the
Equipment Operating Lease or, if not defined therein, in Appendix A to the
Participation Agreement, dated as of February 29, 1996, among the Lessee, the
Lessor, First Union National Bank of Florida ("First Union") and Utrecht-America
Finance Co., as amended by Amendment No. 1 to Participation Agreement, dated as
of the date hereof, among such parties (other than First Union), Wachovia Bank,
National Association, formerly known as First Union National Bank and
successor-in-interest to First Union, and Cedar Hill International Corp. (as
amended and in effect from time to time, the "Participation Agreement").
SECTION 2. AMENDMENTS
Section 2.1 Amendment to Section 3.2. Section 3.2 of the Equipment
Operating Lease is amended by inserting the following after the last sentence
thereof:
Basic Rent shall be allocated to each full or partial calendar year during
the Basic Term following December 19, 2002 (each, a "Rental Period") as set
forth on Schedule 4 attached hereto, and within each Rental Period, Basic
Rent shall be allocated on a level daily basis. The Lessor and Lessee agree
that such allocation is intended to constitute an allocation of fixed rent
within the meaning of Treasury Regulation (S) 1.467-1(c)(2)(ii)(A) to each
Rental Period.
Section 2.2 Amendment to Section 15.2. Section 15.2 of the Equipment
Operating Lease is amended by (i) deleting "$308,635,015.23" in clause (a) and
substituting $308,380,252.41 in lieu thereof; and (ii) deleting the table in
clause (b) in its entirety and substituting the following in lieu thereof:
Date Amount
------------------ -------------
April 15, 2018 10,203,274.82
June 15, 2018 31,282,564.55
September 15, 2018 31,282,564.55
December 15, 2018 31,282,564.55
Section 2.3 Amendment to Schedules. Schedule 1 and Schedule 2 to the
Equipment Operating Lease are deleted in their entirety and Schedule 1 and
Schedule 2 hereto are substituted in lieu thereof, respectively. The Equipment
Operating Lease is amended to include Schedule 4 hereto as Schedule 4 thereto.
SECTION 3. REFERENCE TO AND EFFECT ON THE EQUIPMENT OPERATING LEASE
Section 3.1 Reference. Upon the effectiveness of this Amendment No. 1, each
reference in the Equipment Operating Lease to "this Agreement," "hereunder,"
"hereof," "herein" or words of like import, to the Equipment Operating Lease,
shall mean and be a reference to the Equipment Operating Lease, as amended
hereby.
Section 3.2 Effect. Except as specifically amended hereby, the Equipment
Operating Lease shall remain in full force and effect and is hereby ratified and
confirmed.
SECTION 4. MISCELLANEOUS
Section 4.1 Governing Law. This Amendment No. 1 shall be in all respects
governed by and construed in accordance with the laws of the State of New York
including all matters of construction, validity and performance.
Section 4.2 Severability. Whenever possible, each provision of this
Amendment No. 1 shall be interpreted in such manner as to be effective and valid
under Applicable Law, but if any provision of this Amendment No. 1 shall be
prohibited by or invalid under Applicable Law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Amendment No. 1.
Section 4.3 Counterparts. This Amendment No. 1 may be executed in any
number of counterparts, each executed counterpart constituting an original but
all together only one Amendment No. 1.
Section 4.4 Headings. The headings of the sections of this Amendment No. 1
are inserted for purposes of convenience only and shall not be construed to
affect the meaning or construction of any of the provisions hereof.
2
Section 4.5 Effectiveness of Amendment No. 1. This Amendment No. 1 has been
dated as of the date first above written for convenience only. This Amendment
No. 1 shall be effective on the date of execution and delivery by each of the
Lessor and the Lessee.
[Signatures Follow on Next Page]
3
IN WITNESS WHEREOF, each of the Lessor and the Lessee has caused this
Amendment No. 1 to be duly executed and delivered by their respective officers
thereunto duly authorized.
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but solely as Owner Trustee
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
OLD DOMINION ELECTRIC COOPERATIVE
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Senior Vice President Accounting and Finance
4
Schedule 1
to
Amendment No. 1 to
Equipment Operating Lease
Basic Rent Percentages
Advance Rent Arrears Rent Total Rent
(% of Undivided (% of Undivided (% of Undivided
Rent Payment Date Interest Cost) Interest Cost) Interest Cost)
Mar 1 1996 0.00000000% 0.00000000% 0.00000000%
Feb 28 1997 0.00000000% 0.00000000% 0.00000000%
Jan 5 1998 5.57748848% 0.29355203% 5.87104050%
Jan 5 1999 4.65710270% 0.49716584% 5.15426854%
Jan 5 2000 4.72494838% 1.41755162% 6.14250000%
Jan 5 2001 4.85354406% 1.34970594% 6.20325000%
Jan 5 2002 5.13288975% 1.22111025% 6.35400000%
Dec 19 2002 0.00000000% 0.00000000% 0.00000000%
Jan 5 2003 1.99091786% 0.00000000% 1.99091786%
Jan 5 2004 4.19975488% 2.19823322% 6.39798810%
Jan 5 2005 4.19963574% 0.00000000% 4.19963574%
Jan 5 2006 2.75647038% 0.00000000% 2.75647038%
Jan 5 2007 0.00000000% 1.44316670% 1.44316670%
Jan 5 2008 0.00000000% 4.19963706% 4.19963706%
Jan 5 2009 0.00000000% 4.19963706% 4.19963706%
Jan 5 2010 0.00000000% 4.19963706% 4.19963706%
Jan 5 2011 0.00000000% 4.65053443% 4.65053443%
Jan 5 2012 0.00000000% 5.13830947% 5.13830947%
Jan 5 2013 0.00000000% 5.13282885% 5.13282885%
Jan 5 2014 0.00000000% 5.13289043% 5.13289043%
Jan 5 2015 0.00000000% 5.13288974% 5.13288974%
Jan 5 2016 0.00000000% 5.13288975% 5.13288975%
Jan 5 2017 0.00000000% 5.13288975% 5.13288975%
Jan 5 2018 0.00000000% 5.13288975% 5.13288975%
Schedule 2
to
Amendment No. 1 to
Equipment Operating Lease
Termination Value Percentages
Percentage
Termination Date of Equipment Interest Cost
Mar 5 1996 102.06050610%
Apr 5 1996 102.77654877%
May 5 1996 103.48681128%
Jun 5 1996 104.19830954%
Jul 5 1996 104.90399703%
Aug 5 1996 105.61088887%
Sep 5 1996 106.31899335%
Oct 5 1996 107.02126392%
Nov 5 1996 107.72471571%
Dec 5 1996 108.42935680%
Jan 5 1997 109.12814028%
Feb 5 1997 109.82808126%
Mar 5 1997 110.53836454%
Apr 5 1997 111.27997328%
May 5 1997 112.01277577%
Jun 5 1997 112.74669945%
Jul 5 1997 113.47176447%
Aug 5 1997 114.19789807%
Sep 5 1997 114.92510763%
Oct 5 1997 115.64341271%
Nov 5 1997 116.36274039%
Dec 5 1997 117.08309776%
Jan 5 1998 117.50095177%
Feb 5 1998 112.63465332%
Mar 5 1998 113.34681214%
Apr 5 1998 114.05994610%
May 5 1998 114.76972052%
Jun 5 1998 115.48045392%
Jul 5 1998 116.18781137%
Aug 5 1998 116.89611136%
Sep 5 1998 117.60536050%
Oct 5 1998 118.31122343%
Nov 5 1998 119.01801886%
Dec 5 1998 119.72575312%
Jan 5 1999 119.93292503%
Feb 5 1999 115.99153716%
Mar 5 1999 116.70818021%
Apr 5 1999 117.42575785%
May 5 1999 118.13980357%
Jun 5 1999 118.85476610%
Jul 5 1999 119.56617887%
Aug 5 1999 120.27849061%
Sep 5 1999 120.99170759%
Oct 5 1999 121.70136277%
Nov 5 1999 122.41190505%
Dec 5 1999 123.12334050%
Jan 5 2000 122.41365037%
Feb 5 2000 118.40250091%
Mar 5 2000 119.11718076%
Apr 5 2000 119.83274724%
May 5 2000 120.54468362%
Jun 5 2000 121.25748800%
Jul 5 2000 121.96664336%
Aug 5 2000 122.67664794%
Sep 5 2000 123.38750757%
Oct 5 2000 124.09470481%
Nov 5 2000 124.80273797%
Dec 5 2000 125.51161272%
Jan 5 2001 124.86710567%
Feb 5 2001 120.72464528%
Mar 5 2001 121.43655697%
Apr 5 2001 122.14930196%
May 5 2001 122.85830358%
Jun 5 2001 123.56811887%
Jul 5 2001 124.27417073%
Aug 5 2001 124.98101636%
Sep 5 2001 125.68866075%
Oct 5 2001 126.39252703%
Nov 5 2001 127.09717207%
Dec 5 2001 127.80260117%
Jan 5 2002 127.28312668%
Feb 5 2002 122.85713626%
Mar 5 2002 123.56480438%
Schedule 2
to
Amendment No. 1 to
Equipment Operating Lease
Termination Value Percentages
Percentage
Termination Date of Equipment Interest Cost
Apr 5 2002 124.27324644%
May 5 2002 124.97783317%
Jun 5 2002 125.68317291%
Jul 5 2002 126.38463617%
Aug 5 2002 127.08683117%
Sep 5 2002 127.78976289%
Oct 5 2002 128.48880174%
Nov 5 2002 129.18855582%
Dec 5 2002 129.88903002%
Jan 5 2003 130.48306031%
Feb 5 2003 128.97169024%
Mar 5 2003 129.45192101%
Apr 5 2003 129.93283943%
May 5 2003 130.41046302%
Jun 5 2003 130.88875646%
Jul 5 2003 131.36373717%
Aug 5 2003 131.83936971%
Sep 5 2003 132.31565853%
Oct 5 2003 132.78862094%
Nov 5 2003 133.26222142%
Dec 5 2003 133.73646431%
Jan 5 2004 132.00913362%
Feb 5 2004 128.27390975%
Mar 5 2004 128.73906904%
Apr 5 2004 129.20486088%
May 5 2004 129.66744471%
Jun 5 2004 130.13064353%
Jul 5 2004 130.59061665%
Aug 5 2004 131.05118695%
Sep 5 2004 131.51235850%
Oct 5 2004 131.97029053%
Nov 5 2004 132.42880582%
Dec 5 2004 132.88790834%
Jan 5 2005 133.34375723%
Feb 5 2005 129.60156102%
Mar 5 2005 130.05957348%
Apr 5 2005 130.51816278%
May 5 2005 130.97345251%
Jun 5 2005 131.42930051%
Jul 5 2005 131.88183023%
Aug 5 2005 132.33489940%
Sep 5 2005 132.78851170%
Oct 5 2005 133.23879047%
Nov 5 2005 133.68959333%
Dec 5 2005 134.14092385%
Jan 5 2006 134.58890529%
Feb 5 2006 132.28746485%
Mar 5 2006 132.74300667%
Apr 5 2006 133.19906388%
May 5 2006 133.65166656%
Jun 5 2006 134.10476458%
Jul 5 2006 134.55438789%
Aug 5 2006 135.00448621%
Sep 5 2006 135.45506278%
Oct 5 2006 135.90214745%
Nov 5 2006 136.34968980%
Dec 5 2006 136.79769298%
Jan 5 2007 135.79902000%
Feb 5 2007 136.25577100%
Mar 5 2007 136.71296502%
Apr 5 2007 137.17060508%
May 5 2007 137.62456631%
Jun 5 2007 138.07895153%
Jul 5 2007 138.52963571%
Aug 5 2007 138.98072153%
Sep 5 2007 139.43221172%
Oct 5 2007 139.87998113%
Nov 5 2007 140.32813230%
Dec 5 2007 140.77666783%
Jan 5 2008 137.02182535%
Feb 5 2008 137.46888474%
Mar 5 2008 137.91630807%
Apr 5 2008 138.36409780%
Schedule 2
to
Amendment No. 1 to
Equipment Operating Lease
Termination Value Percentages
Percentage
Termination Date of Equipment Interest Cost
May 5 2008 138.80813494%
Jun 5 2008 139.25251540%
Jul 5 2008 139.69312002%
Aug 5 2008 140.13404453%
Sep 5 2008 140.57529113%
Oct 5 2008 141.01274051%
Nov 5 2008 141.45048828%
Dec 5 2008 141.88853645%
Jan 5 2009 138.12312853%
Feb 5 2009 138.55962402%
Mar 5 2009 138.99639782%
Apr 5 2009 139.43345181%
May 5 2009 139.86664273%
Jun 5 2009 140.30008940%
Jul 5 2009 140.72964839%
Aug 5 2009 141.15943838%
Sep 5 2009 141.58946092%
Oct 5 2009 142.01557242%
Nov 5 2009 142.44189140%
Dec 5 2009 142.86841927%
Jan 5 2010 139.09137519%
Feb 5 2010 139.51623213%
Mar 5 2010 139.94127380%
Apr 5 2010 140.36650145%
May 5 2010 140.78818889%
Jun 5 2010 141.21003944%
Jul 5 2010 141.62832675%
Aug 5 2010 142.04675397%
Sep 5 2010 142.46532206%
Oct 5 2010 142.88030452%
Nov 5 2010 143.29540435%
Dec 5 2010 143.71062236%
Jan 5 2011 139.47169745%
Feb 5 2011 139.88386683%
Mar 5 2011 140.29613121%
Apr 5 2011 140.70849125%
May 5 2011 141.11769804%
Jun 5 2011 141.52697962%
Jul 5 2011 141.93308697%
Aug 5 2011 142.33924797%
Sep 5 2011 142.74546299%
Oct 5 2011 143.14848285%
Nov 5 2011 143.55153531%
Dec 5 2011 143.95462060%
Jan 5 2012 139.21617990%
Feb 5 2012 139.61469696%
Mar 5 2012 140.01322520%
Apr 5 2012 140.41176471%
May 5 2012 140.80864240%
Jun 5 2012 141.20552010%
Jul 5 2012 141.60239780%
Aug 5 2012 141.99927549%
Sep 5 2012 142.39615319%
Oct 5 2012 142.79303089%
Nov 5 2012 143.18990859%
Dec 5 2012 143.58678628%
Jan 5 2013 138.85083513%
Feb 5 2013 139.24630879%
Mar 5 2013 139.64178244%
Apr 5 2013 140.03725610%
May 5 2013 140.43272975%
Jun 5 2013 140.82820341%
Jul 5 2013 141.22367707%
Aug 5 2013 141.61915072%
Sep 5 2013 142.01462438%
Oct 5 2013 142.41009803%
Nov 5 2013 142.80557169%
Dec 5 2013 143.20104535%
Jan 5 2014 138.46362857%
Feb 5 2014 138.85763407%
Mar 5 2014 139.25163957%
Apr 5 2014 139.64564507%
May 5 2014 140.03965056%
Schedule 2
to
Amendment No. 1 to
Equipment Operating Lease
Termination Value Percentages
Percentage
Termination Date of Equipment Interest Cost
Jun 5 2014 140.43365606%
Jul 5 2014 140.82766156%
Aug 5 2014 141.22166706%
Sep 5 2014 141.61567255%
Oct 5 2014 142.00967805%
Nov 5 2014 142.40368355%
Dec 5 2014 142.79768905%
Jan 5 2015 138.05880481%
Feb 5 2015 138.45127535%
Mar 5 2015 138.84374589%
Apr 5 2015 139.23621643%
May 5 2015 139.62868697%
Jun 5 2015 140.02115751%
Jul 5 2015 140.41362805%
Aug 5 2015 140.80609860%
Sep 5 2015 141.19856914%
Oct 5 2015 141.59103968%
Nov 5 2015 141.98351022%
Dec 5 2015 142.37598076%
Jan 5 2016 137.63556156%
Feb 5 2016 138.02642730%
Mar 5 2016 138.41729304%
Apr 5 2016 138.80815879%
May 5 2016 139.19902453%
Jun 5 2016 139.58989027%
Jul 5 2016 139.98075602%
Aug 5 2016 140.37162176%
Sep 5 2016 140.76248751%
Oct 5 2016 141.15335325%
Nov 5 2016 141.54421899%
Dec 5 2016 141.93508474%
Jan 5 2017 137.19306073%
Feb 5 2017 137.58224866%
Mar 5 2017 137.97143659%
Apr 5 2017 138.36062452%
May 5 2017 138.74981245%
Jun 5 2017 139.13900038%
Jul 5 2017 139.52818830%
Aug 5 2017 139.91737623%
Sep 5 2017 140.30656416%
Oct 5 2017 140.69575209%
Nov 5 2017 141.08494002%
Dec 5 2017 141.47412794%
Jan 5 2018 136.65713084%
Feb 5 2018 123.68659331%
Mar 5 2018 124.24076050%
Apr 5 2018 124.79492769%
May 5 2018 125.34909488%
Jun 5 2018 125.90326206%
Jul 5 2018 126.45742925%
Aug 5 2018 127.01159644%
Sep 5 2018 127.56576363%
Oct 5 2018 128.11993081%
Nov 5 2018 128.67409800%
Dec 5 2018 129.22826519%
Jan 5 2019 128.38427453%
Feb 5 2019 116.69517460%
Mar 5 2019 117.20591683%
Apr 5 2019 117.71665905%
May 5 2019 118.22740128%
Jun 5 2019 118.73814351%
Jul 5 2019 119.24888573%
Aug 5 2019 119.75962796%
Sep 5 2019 120.27037018%
Oct 5 2019 120.78111241%
Nov 5 2019 121.29185464%
Dec 5 2019 121.80259686%
Jan 5 2020 121.61426017%
Feb 5 2020 109.17939948%
Mar 5 2020 109.64345987%
Apr 5 2020 110.10752027%
May 5 2020 110.57158066%
Jun 5 2020 111.03564105%
Schedule 2
to
Amendment No. 1 to
Equipment Operating Lease
Termination Value Percentages
Percentage
Termination Date of Equipment Interest Cost
Jul 5 2020 111.49970145%
Aug 5 2020 111.96376184%
Sep 5 2020 112.42782223%
Oct 5 2020 112.89188263%
Nov 5 2020 113.35594302%
Dec 5 2020 113.82000341%
Jan 5 2021 114.28406381%
Feb 5 2021 101.09994122%
Mar 5 2021 101.51381865%
Apr 5 2021 101.92769607%
May 5 2021 102.34157349%
Jun 5 2021 102.75545092%
Jul 5 2021 103.16932834%
Aug 5 2021 103.58320576%
Sep 5 2021 103.99708318%
Oct 5 2021 104.41096061%
Nov 5 2021 104.82483803%
Dec 5 2021 105.23871545%
Jan 5 2022 103.55535610%
Feb 5 2022 92.41452360%
Mar 5 2022 92.77445433%
Apr 5 2022 93.13438506%
May 5 2022 93.49767495%
Jun 5 2022 93.86098775%
Jul 5 2022 94.22923773%
Aug 5 2022 94.59754446%
Sep 5 2022 94.96590832%
Oct 5 2022 95.33924381%
Nov 5 2022 95.71267073%
Dec 5 2022 96.08618971%
Jan 5 2023 95.06655764%
Feb 5 2023 83.18737540%
Mar 5 2023 83.50816302%
Apr 5 2023 83.82907921%
May 5 2023 84.15572904%
Jun 5 2023 84.48254743%
Jul 5 2023 84.81513972%
Aug 5 2023 85.14794110%
Sep 5 2023 85.48095300%
Oct 5 2023 85.81978104%
Nov 5 2023 86.15886071%
Dec 5 2023 86.49819372%
Jan 5 2024 86.14430707%
Feb 5 2024 73.52853115%
Mar 5 2024 73.81197336%
Apr 5 2024 74.09571464%
May 5 2024 74.38787519%
Jun 5 2024 74.68039429%
Jul 5 2024 74.98139253%
Aug 5 2024 75.28280959%
Sep 5 2024 75.58464833%
Oct 5 2024 75.89502978%
Nov 5 2024 76.20589407%
Dec 5 2024 76.51724446%
Jan 5 2025 76.83720246%
Feb 5 2025 63.46257076%
Mar 5 2025 63.68600271%
Apr 5 2025 63.90949873%
May 5 2025 64.14548894%
Jun 5 2025 64.38162889%
Jul 5 2025 64.63034927%
Aug 5 2025 64.87930621%
Sep 5 2025 65.12850133%
Oct 5 2025 65.39036594%
Nov 5 2025 65.65255677%
Dec 5 2025 65.91507605%
Jan 5 2026 64.61692065%
Feb 5 2026 52.79911840%
Mar 5 2026 53.00630171%
Apr 5 2026 53.21390845%
May 5 2026 53.43295622%
Jun 5 2026 53.65250836%
Jul 5 2026 53.88358300%
Schedule 2
to
Amendment No. 1 to
Equipment Operating Lease
Termination Value Percentages
Percentage
Termination Date of Equipment Interest Cost
Aug 5 2026 54.11524406%
Sep 5 2026 54.34749551%
Oct 5 2026 54.59135610%
Nov 5 2026 54.83589030%
Dec 5 2026 55.08110272%
Jan 5 2027 54.46365656%
Feb 5 2027 41.92358049%
Mar 5 2027 42.10791617%
Apr 5 2027 42.29302490%
May 5 2027 42.49362148%
Jun 5 2027 42.69510205%
Jul 5 2027 42.91218213%
Aug 5 2027 43.13025863%
Sep 5 2027 43.34933834%
Oct 5 2027 43.58413762%
Nov 5 2027 43.82005418%
Dec 5 2027 44.05709563%
Jan 5 2028 41.26827540%
Feb 5 2028 32.28133146%
Mar 5 2028 32.46570604%
Apr 5 2028 32.65133822%
May 5 2028 32.85377674%
Jun 5 2028 33.05759607%
Jul 5 2028 33.27834579%
Aug 5 2028 33.50060124%
Sep 5 2028 33.72437267%
Oct 5 2028 33.96521059%
Nov 5 2028 34.20769125%
Dec 5 2028 34.45182585%
Jan 5 2029 28.11788760%
Feb 5 2029 23.92837471%
Mar 5 2029 24.07454741%
Apr 5 2029 24.22171714%
May 5 2029 24.38542611%
Jun 5 2029 24.55025173%
Jul 5 2029 24.73173702%
Aug 5 2029 24.91446021%
Sep 5 2029 25.09842975%
Oct 5 2029 25.29918954%
Nov 5 2029 25.50131870%
Dec 5 2029 25.70482657%
Jan 5 2030 14.49460561%
Feb 5 2030 12.40246334%
Mar 5 2030 12.47818170%
Apr 5 2030 12.55441652%
May 5 2030 12.64673616%
Jun 5 2030 12.73968550%
Jul 5 2030 12.84883367%
Aug 5 2030 12.95872633%
Sep 5 2030 13.06936856%
Oct 5 2030 13.19633030%
Nov 5 2030 13.32415804%
Dec 5 2030 13.45285768%
Jan 5 2031 0.00000000%
Schedule 4
to
Amendment No. 1 to
Equipment Operating Lease
Allocation of Basic Rent
Allocable Allocable Percentage
to Period From to Period To of Equipment Cost
Dec 19 2002 Dec 31 2002 0.17109632% *
Jan 1 2003 Dec 31 2003 4.19963706% **
Jan 1 2004 Dec 31 2004 4.19963706%
Jan 1 2005 Dec 31 2005 4.19963706%
Jan 1 2006 Dec 31 2006 4.19963706%
Jan 1 2007 Dec 31 2007 4.19963706%
Jan 1 2008 Dec 31 2008 4.19963706%
Jan 1 2009 Dec 31 2009 4.19963706%
Jan 1 2010 Dec 31 2010 4.64552446%
Jan 1 2011 Dec 31 2011 5.13288975%
Jan 1 2012 Dec 31 2012 5.13288975%
Jan 1 2013 Dec 31 2013 5.13288975%
Jan 1 2014 Dec 31 2014 5.13288975%
Jan 1 2015 Dec 31 2015 5.13288975%
Jan 1 2016 Dec 31 2016 5.13288975%
Jan 1 2017 Dec 31 2017 5.13288975%
Jan 1 2018 Jan 5 2018 0.05703211%
----------
* The Rent allocated to this period was paid on January 5, 2002.
** Four days of Rent allocated to this period was paid on January 5, 2002.
State Street Bank and Trust Company, not in its individual capacity but
solely as Owner Trustee, having pledged its right, title and interest under the
Equipment Operating Lease Agreement to Utrecht-America Finance Co., as Agent,
under the Amended and Restated Loan and Security Agreement, Utrecht-America
Finance Co., as Agent has executed this Amendment No. 1 to the Equipment
Operating Lease Agreement for the sole purpose of evidencing its consent hereto.
UTRECHT-AMERICA FINANCE CO.,
as Agent
By:/s/ ▇▇▇▇▇▇ ▇. Insings
-------------------------
Name: ▇▇▇▇▇▇ ▇. Insings
Title: Vice President
By:/s/ ▇.▇. den ▇▇▇▇
-------------------------
Name: ▇.▇. den ▇▇▇▇
Title: Vice President