Description Expiration Annual Rent. Palo Verde Unit 2 Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 5,742,060.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Verde LLC (successor to Cypress PV Partnership, successor to MFS Leasing Corp.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,958,478.04 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with CGI Capital, Inc., as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,569,653.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with PNM (successor to PNMR Development and Management Corp., successor to Palo Verde Leasing Corporation, successor to First Chicago Lease Holdings, Inc.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 4,743,012.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Second PV Partnership (successor to MFS Leasing Corp., successor to Beneficial Leasing Group, Inc.), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/2024* $ 3,272,560.40 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 2- PNM December 35 Corporation (successor-in-interest To Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 2), as amended. Total –Unit 2 $33,285,763.44 *On March 18, 2014, this Xxxx 0 Facility Lease was amended to extend the term from January 15, 2016 to January 15, 2024 and to reduce the semi-annual rental payment by 50% effective July 15, 2016.
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Samples: Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (Public Service Co of New Mexico)
Description Expiration Annual Rent. Palo Verde Unit 2 Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 5,742,060.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Verde LLC (successor to Cypress PV Partnership, successor to MFS Leasing Corp.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,958,478.04 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with CGI Capital, Inc., as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,569,653.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with PNM (successor to PNMR Development and Management Corp., successor to Palo Verde Leasing Corporation, successor to First Chicago Lease Holdings, Inc.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 4,743,012.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Second PV Partnership (successor to MFS Leasing Corp., successor to Beneficial Leasing Group, Inc.), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/20241/15/2016* $ 3,272,560.40 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 2- PNM December 35 Corporation (successor-in-interest To Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 2), as amended. Total –Unit 2 $33,285,763.44 *On March 18December 30, 20142013, PNM notified the lessor of this Xxxx 0 Unit 2 Facility Lease was amended that PNM will exercise its option to renew this lease through January 15, 2024. An amendment to extend the term of this lease from January 15, 2016 to January 15, 2024 and to reduce the semi-annual rental payment by 50% effective July 15, 20162016 is pending.
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Samples: Term Loan Agreement (Public Service Co of New Mexico)
Description Expiration Annual Rent. Palo Verde Unit 2 Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 5,742,060.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Verde LLC (successor to Cypress PV Partnership, successor to MFS Leasing Corp.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between Between 1/15/2016 $ 9,958,478.04 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with CGI Capital, Inc., as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between Between 1/15/2016 $ 9,569,653.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with PNM (successor to PNMR Development and Management Corp., successor to Palo Verde Leasing Corporation, successor to First Chicago Lease Holdings, Inc.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between Between 1/15/2016 $ 4,743,012.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Second PV Partnership (successor to MFS Leasing Corp., successor to Beneficial Leasing Group, Inc.), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/2024* Between 1/15/2016 $ 3,272,560.40 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 2- PNM December 35 Corporation (successor-in-interest To Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 2), as amended. Total –Unit 2 Unxx 0 $33,285,763.44 *Eastern Interconnection Project (EIP) Amended and Restated Lease dated as of September 1, 1993 between 4/1/2015 $ 2,675,739.30* PNM as Lessee, and U.S. Bank National $ 2,844,913.50 Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of January 2, 1985, with Corridor InfraTrust Management, LLC (successor to Tortoise Capital Resources Corp., successor to General Foods Credit Corporation), as Lessor. Total $ 2,675,739.30* $ 2,844,913.50 * 1994 Only Schedule 6.19 Material Lease Interest Payments and Discount Rates Discount Rate: 12.85% 12/31/2011 $56,485 ($2,495 ) $53,990 $441,586 12/31/2012 $56,811 $441,586 $498,398 $0 Discount Rate: 10.25% On March 18December 11, 2014, this Xxxx 0 2013 the PVNGS Unit 1 Facility Lease was Leases were amended to extend the term from January 15, 2016 2015 to January 15, 2024 2023 and to reduce the semi-annual rental payment payments by 50% effective July 15, 20162015. The original lessor notes related to these leases remain unchanged with Unit 1 notes being paid in full and expiring on 1/15/2015 and Unit 2 notes being paid in full and expiring on 1/15/2016.
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Description Expiration Annual Rent. Palo Verde Unit 2 1 Facility Lease dated as of August 12December 16, 1986 1985 between 1/15/2016 1/15/2023 $ 5,742,060.00 5,580,122.54* PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12December 16, 19861985, with Cypress Verde LLC Citicorp Buffalo Basin, Inc. (successor to Cypress PV Partnership, successor to MFS Leasing Corp.), as Owner Participant, as amended. Facility Lease dated as of August 12December 16, 1986 1985 between 1/15/2016 $ 9,958,478.04 1/15/2023 $15,693,862.76* PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12December 16, 19861985, with CGI Capital, Inc., as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,569,653.00 PNM and U.S. Bank National Association Daimler Capital Services LLC (ultimate successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with PNM (successor to PNMR Development and Management Corp., successor to Palo Verde Leasing Chrysler Financial Corporation, successor to First Chicago Lease Holdings, Inc.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 4,743,012.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Second PV Partnership (successor to MFS Leasing Corp., successor to Beneficial Leasing Group, Inc.), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/20241/15/2023 $ 6,974,313.00* $ 3,272,560.40 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 2- 1- PNM December 35 75 Corporation (successor-in-interest To successor to Chase Manhattan Realty Leasing Corporation), as Owner Participant , as amended. Facility Lease dated as of July 31, 1986 between 1/15/2023 $ 4,757,769.00* PNM and U.S. Bank National Association (Unit 2successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of July 31, 1986, with Palo Verde 1- PNM August 50 Corporation (successor to Chase Manhattan Realty Leasing Corporation), as Owner Participant, as amended. Total –Unit 2 – Xxxx 0* $33,285,763.44 33,006,067.10* *On March 18December 11, 20142013, this Xxxx 0 the above four Facility Lease was Leases were amended to extend the term from January 15, 2016 2015 to January 15, 2024 2023 and to reduce the semi-annual rental payment payments by 50% effective July 15, 20162015.
Appears in 1 contract
Samples: Term Loan Agreement (Public Service Co of New Mexico)
Description Expiration Annual Rent. Palo Verde Unit 1 Facility Lease dated as of December 16, 1985 between 1/15/2015 $ 5,580,122.54 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 16, 1985, with MFS Leasing Corp. as Owner Participant, as amended. Facility Lease dated as of December 16, 1985 between 1/15/2015 $ 15,693,862.76 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 16, 1985, with Daimler Chrysler Services North America LLC (as successor to Chrysler Financial Corporation), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/2015 $ 4,757,769.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 1- PNM [December 75] Corporation (successor-in-interest to Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 1), as amended. Facility Lease dated as of July 31, 1986 between 1/15/2015 $ 6,974,313.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of July 31, 1986, with Palo Verde 1- PNM [August 50] Corporation (successor-in-interest to Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 1), as amended. Total - Xxxx 0 $ 33,006.067.10 Palo Verde Unit 2 Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 5,742,060.00 5,742, 060.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Verde LLC (successor to Cypress PV Partnership, successor to MFS Leasing Corp.), Corp. as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,958,478.04 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with CGI Capital, Inc., as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,569,653.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with PNM (successor to PNMR Development and Management Corp., successor to Palo Verde Leasing Corporation, successor Corporation (successor-in-interest to First Chicago Lease Holdings, Inc.), ) as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 4,743,012.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Second PV Partnership (successor to MFS Leasing Corp., successor Corp. (successor-in-interest to Beneficial Leasing Group, Inc.), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/2024* 1/15/2016 $ 3,272,560.40 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 2- PNM [December 35 35] Corporation (successor-in-interest To to Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 2), as amended. Total –Unit 2 $33,285,763.44 *On March 18, 2014, this - Xxxx 0 Facility $ 33,285.763.44 Eastern Interconnection Project (EIP) Amended and Restated Lease was amended dated as of September 1, 4/1/2015 $ 2,675,739.30* 1993, between PNM as Lessee, and U.S. Bank National $ 2,844,913.50 Association (successor to extend the term from State Street Bank and Trust Company,( as successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of January 152, 2016 to January 151985, 2024 and to reduce the semi-annual rental payment by 50% effective July 15with General Foods Credit Corporation, 2016.as Lessor. Total EIP $ 2,675,739.30* $ 2,844,913.50 * 1994 Only
Appears in 1 contract
Description Expiration Annual Rent. Palo Verde Unit 2 Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 5,742,060.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Verde LLC (successor to Cypress PV Partnership, successor to MFS Leasing Corp.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,958,478.04 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with CGI Capital, Inc., as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 9,569,653.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with PNM (successor to PNMR Development and Management Corp., successor to Palo Verde Leasing Corporation, successor to First Chicago Lease Holdings, Inc.), as Owner Participant, as amended. Facility Lease dated as of August 12, 1986 between 1/15/2016 $ 4,743,012.00 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of August 12, 1986, with Cypress Second PV Partnership (successor to MFS Leasing Corp., successor to Beneficial Leasing Group, Inc.), as Owner Participant, as amended. Facility Lease dated as of December 15, 1986 between 1/15/2024* $ 3,272,560.40 PNM and U.S. Bank National Association (successor to State Street Bank and Trust Company, successor to The First National Bank of Boston), as Owner Trustee under a Trust Agreement dated as of December 15, 1986, with Palo Verde 2- PNM December 35 Corporation (successor-in-interest To Chase Manhattan Realty Leasing Corporation), as Owner Participant (Unit 2), as amended. Total –Unit 2 $33,285,763.44 *On March 18, 2014, this Xxxx 0 Facility Lease was amended to extend the term from January 15, 2016 to January 15, 2024 and to reduce the semi-annual rental payment by 50% effective July 15, 2016. The remaining four Unit 2 Facility Leases terminate on January 15, 2016 when the last semi-annual rental payment is due. Discount Rate: 10.25% On December 11, 2013 the PVNGS Unit 1 Facility Leases were amended to extend the term from January 15, 2015 to January 15, 2023 and to reduce the semi-annual rental payments by 50% effective July 15, 2015. The original lessor notes related to these leases remain unchanged with Unit 1 notes being paid in full and expiring on 1/15/2015 and Unit 2 notes being paid in full and expiring on 1/15/2016.
Appears in 1 contract
