Exhibit 10.55
Execution Version
AMENDMENT NO. 1 TO AMENDED AND RESTATED TERM LOAN AGREEMENT
This Amendment No. 1 dated as of May 28, 2002 (this "Amendment No. 1") to
the Amended and Restated Term Loan Agreement dated as of January 18, 2002 (the
"Loan Agreement"; capitalized terms used herein and not otherwise defined
herein are used as defined in the Loan Agreement) is among America West
Airlines, Inc. (the "Company"), the lenders listed therein (collectively, the
"Lenders"), Mizuho Corporate Bank, Ltd. ("Mizuho"), as successor by merger to
The Industrial Bank of Japan, Limited ("IBJ"), as Arranger, Co-Lead Book
Manager and as Agent for the Lenders from time to time party to the Loan
Agreement (in such last capacity, the "Agent"), Citicorp USA, Inc., as Arranger
and Syndication Agent, Xxxxxxx Xxxxx Xxxxxx Inc., as Co-Lead Book Manager and
Deutsche Bank Trust Company Americas, formerly known as Bankers Trust Company,
as Documentation Agent:
WHEREAS, the Company, the Agent and the institutions from time to time
becoming Lenders thereunder have entered into the Loan Agreement;
WHEREAS, the Company, the Lenders and the Agent desire to amend the Loan
Agreement;
NOW, THEREFORE, the parties hereto agree to amend the Loan Agreement as
follows:
1. Section 1.1 of the Loan Agreement is amended by adding the following words
to the end of the definition of "APPROVED APPRAISAL": "or subsection
2.10C(3), as the case may be".
2. Section 1.1 of the Loan Agreement is amended by deleting the number ".58"
in clause (2) of the definition of the term "BORROWING BASE DEFICIENCY" and
replacing therefor the number ".604".
3. Section 1.1 of the Loan Agreement is amended by adding the following
definition in appropriate alphabetic order: "INVESTMENT GUIDELINES means the
investment guidelines of the Company in the form attached hereto as Schedule
6.3."
4. Section 2.10C(1)(B) of the Loan Agreement is amended by deleting the
reference to "(commencing with the appraisals delivered in November, 2001),
and in any event by no later than May 20 and November 20 of each year" in
such section and replacing therefor "(commencing with an Approved Appraisal
to be delivered in June 2004), and in any event by no later than June 20 and
December 20 of each year (provided that if in any year June 20 or December
20 is not a Business Day, such date shall be extended to the next succeeding
Business Day)".
5. Section 2.10C(1) of the Loan Agreement is amended by inserting the
following words immediately after "Approved Appraisal" in the third sentence
of such section: "pursuant to this Section 2.10C(1)".
1
6. Section 2.10C(2) of the Loan Agreement is amended by deleting the word
"and" after "AVITAS, Inc." and replacing it with a comma and by adding
after "Simat Hellieson & Xxxxxxx, Inc.:" (also referred to herein as
"SH&E"), Xxxxxx Xxxxx & Xxxxx, BACK Associates, Aviation Specialists Group
and Air Claims".
7. A new Section 2.10C(3) is added to the Loan Agreement immediately after
Section 2.10C(2):
"(3) Procedure for Contesting Appraisals. Following delivery to the
Company of an Approved Appraisal pursuant to Section 2.10C(1)(B), the
Company may contest such Approved Appraisal, but only as provided in, and
subject to the terms and conditions of, this Section 2.10C(3). The Company
must give the Agent written notice of the Company's election to contest
such Approved Appraisal within five (5) Business Days of the Company's
receipt of such Approved Appraisal (the "First Appraisal", and the Approved
Appraiser delivering the First Appraisal, the "First Appraiser"), such
notice to include the name of a second Approved Appraiser (the "Second
Appraiser") selected by the Company to provide an appraisal and inspection
report of the Borrowing Base Collateral (the "Second Appraisal"). If the
Agent does not receive (A) written notice of the Company's election to
contest the First Appraisal within such five (5) Business Day period and
otherwise in compliance with the immediately preceding sentence or (B) the
Second Appraisal within the time required by the immediately succeeding
sentence, the First Appraisal shall remain the "Approved Appraisal" for all
purposes hereof and shall be final, non-appealable and binding on the
Company, the Agent and the Lenders. In the event that the Company provides
such notice of contest to the Agent, the Company shall provide a copy of
the Second Appraisal to the Agent not later than twenty eight (28) days
after the date that the First Appraisal was delivered to the Company. The
Agent may contest the Second Appraisal by giving the Company written notice
of such contest not later than five (5) Business Days after the Agent's
receipt of the Second Appraisal, such notice also to be given to the First
Appraiser and Second Appraiser and to request them to jointly select
another Approved Appraiser (the "Review Appraiser" and, together with the
First Appraiser and Second Appraiser, the "Selected Appraisers") by a date
not later than two (2) Business Days after the date that the Agent provided
notice to the Company, the First Appraiser and the Second Appraiser that it
contests the Second Appraisal (provided, however, that if, for any reason,
the First Appraiser and Second Appraiser fail to make such joint selection,
the Agent shall select the Review Appraiser). If the Company does not
receive written notice of the Agent's election to contest the Second
Appraisal within such five (5) Business Day period and otherwise in
compliance with the immediately preceding sentence, the Second Appraisal
shall be the "Approved Appraisal" for all purposes hereof and shall be
final, non-appealable and binding on the Company, the Agent and the
Lenders. The Review Appraiser shall be provided with copies of the First
Appraisal and Second Appraisal, and shall review and analyze such
appraisals and any related source materials, inspection reports or other
data or materials as and to the extent that such Review Appraiser in its
sole discretion deems reasonable or necessary. The Review Appraiser shall
not be bound by either the First Appraisal or the Second Appraisal, and may
conduct its own inspection and review of the Borrowing Base Collateral. The
Review Appraiser shall, within twenty eight (28) days of its selection,
provide the Agent and the Company with its appraisal of the Borrowing Base
Collateral (the
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"Review Appraisal"), which shall be the "Approved Appraisal" for all
purposes hereof and shall be final, non-appealable and binding on the
Company, the Agent and the Lenders. The Company shall fully cooperate with
all of the Selected Appraisers with regard to furnishing data and Borrowing
Base Collateral inspections reasonably required by such Selected
Appraisers, all of which shall be accomplished in accordance with the
applicable Security Agreements. The Company and the Agent shall request
each Selected Appraiser to share with each other Selected Appraiser data
and other information relevant to their respective appraisals of the
Borrowing Base Collateral to the extent practicable and otherwise
consistent with the policies of such Selected Appraiser. The Company shall
bear all of the costs and expenses of the Selected Appraisers."
8. Section 2.10D of the Loan Agreement is amended by deleting the reference to
"25th day of each May and November" in such section and replacing therefor
"25th day (or, if such day is not a Business Day, the next succeeding
Business Day) of each June and December commencing June 25, 2004 (or, if
the Approved Appraisal is contested as provided in Section 2.10C(3), not
later than five (5) Business Days after the Agent has notified the Company
that the First Appraisal, Second Appraisal or Review Appraisal (each as
defined in Section 2.10C(3)) as the case may be has become the Approved
Appraisal in accordance with Section 2.10C(3))".
9. Section 6.3(ii) of the Loan Agreement is amended by deleting such section
and replacing therefor: "Investments consisting of Cash Equivalents,
provided, that, as long as the Company and its Wholly Owned Subsidiaries
have at least $150,000,000 in Cash or Cash Equivalents (in either case that
are free from all Liens other than Permitted Encumbrances of the type
described in clause (xiii) of the definition of Permitted Encumbrances and
without regard to Cash and Cash Equivalents in the Cash Collateral
Account)), the Company may make Investments with respect to amounts in
excess of such $150,000,000 in accordance with the Company's Investment
Guidelines even if such investments do not consist of Cash Equivalents;".
10. The Loan Agreement is amended by adding a new Section 6.15 as follows:
"6.15 LIMITATION ON CHANGES TO INVESTMENT GUIDELINES
The Company shall not amend or modify (or consent to or permit any
amendment of modification of) the Investment Guidelines without the prior
written consent of the Agent."
11. The Loan Agreement is amended by adding new Schedule 6.3 in the form
attached hereto.
12. In connection with Mizuho succeeding IBJ as Agent, the Company shall
promptly upon demand (but in any event no later than five (5) Business Days
after demand) (i) execute and deliver any instruments of amendment,
amendment agreements, UCC amendment financing statements of similar
instruments necessary or appropriate to continue to perfect the Agent's
security interest in the Collateral and/or otherwise to reasonably protect
the Agent's security interest in form and substance reasonably satisfactory
to the Agent and (ii) pay all reasonable costs and expenses (including,
without limitation, reasonable legal fees and expenses) in
3
connection with the foregoing clause (i) including, without limitation, (x)
Xxxxx and Roca LLP and First American Title Insurance Company with respect
to the Agent's security interest in the Maintenance Facility, (y)
Daugherty, Fowler, Peregrin & Xxxxxx, with respect to the Agent's security
interest in the Rotables, Spare Engines, Spare Parts and Aircraft and (z)
Fulbright & Xxxxxxxx L.L.P., with respect to UCC filings made to perfect
the Agent's security interest in the Rotables.
13. This Amendment No. 1 shall not become effective until all of the following
conditions precedent have been met as determined by the Agent:
(i) The Agent shall have received a counterpart of this
Amendment No. 1 duly executed and delivered by the Company, the Agent and the
Lenders.
(ii) The Loan Agreement shall be in full force and effect, no
Event of Default or Potential Event of Default shall have occurred and be
continuing under the Loan Agreement as amended by this Amendment No. 1, and the
Agent shall have received a certificate of an officer of the Company to such
effect.
(iii) The Agent shall have received a Borrowing Base Certificate,
duly executed and delivered by the Company, in the form of Exhibit A hereto,
together with payment in cash of the Borrowing Base Deficiency set forth in such
Borrowing Base Certificate, for application in accordance with the Loan
Agreement.
(iv) The Company shall have paid all reasonable fees and expenses
of the Agent in connection with the Loan Agreement and this Amendment No. 1,
including, but not limited to (a) the reasonable fees and expenses of SH&E in
connection with the May, 2002 Approved Appraisal as set forth in an invoice of
such firm dated June 21, 2002 and (b) the reasonable fees and expenses of
counsel to the Agent in connection with the Loan Agreement, this Amendment No. 1
and the transactions contemplated thereby.
(v) With respect only to Sections 3, 9, 10 and 11 of this
Amendment No. 1, the effectiveness of the amendments contained in such Sections
are subject to the additional conditions precedent that (a) the Company and the
other parties to the Government Guaranteed Loan Agreement shall have amended the
Government Guaranteed Loan Agreement to permit the Company to make additional
Investments (similar in substance to the Investments permitted by the amendment
in Section 9 of this Amendment No. 1), (b) the Air Transportation Stabilization
Board shall have consented to such amendment, (c) the Agent shall have received
a copy of such amendment to the Government Guaranteed Loan Agreement and written
notice from the Company and other evidence reasonably requested by it that such
conditions have been satisfied and (d) if the amendments to the Government
Guaranteed Loan Agreement are in the Agent's reasonable opinion more restrictive
than the amendments in Sections 3, 9, 10 and 11 of this Amendment No. 1, then
the Agent and the Company agree that the Agent with the Company's consent (not
to be unreasonably withheld or delayed) shall revise Sections 3, 9, 10 and 11 of
this Amendment No. 1 to conform to the substance of the amendments to the
Government Guaranteed Loan Agreement. If the Government Guaranteed Loan
Agreement is not amended as
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provided in this clause (v) by December 31, 2002, then Sections 3, 9, 10 and 11
of this Amendment No. 1 shall be of no force and effect.
(vi) The schedule to each Lenders' PIK Note shall have been amended to
reflect the principal prepayment made contemporaneously with the effectiveness
of this Amendment No. 1.
14. Except as expressly amended hereby, the Loan Agreement remains in full
force and effect. The Company ratifies and confirms the Loan Agreement and
each Loan Document. Each reference in the Loan Agreement and each Loan
Document to the "Loan Agreement" shall mean and constitute a reference to
the Loan Agreement as amended by this Amendment No. 1.
15. This Amendment No. 1 has been executed and delivered in the State of New
York. Each party hereto agrees that, to the maximum extent permitted by the
law of the State of New York, this Amendment No. 1, and the rights and
duties of the parties hereunder, shall be governed by, and construed in
accordance with, the laws of the state of New York (including Sections
5-1401 and 5-1402 of the New York General Obligations Law) in all respects,
including in respect of all matters of construction, validity and
performance but without giving effect to any provision thereof that may
require application of the laws of another jurisdiction.
5
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to
be executed by their representative officers thereunto duly authorized, as of
the date first above written.
COMPANY:
AMERICA WEST AIRLINES, INC.
By: /s/ Xxxxxxx X. Xxx
--------------------------
Name: Xxxxxxx X. Xxx
Title: Executive Vice President &
Chief Financial Officer
AGENT:
MIZUHO CORPORATE BANK, LTD., as Agent
By: /s/ Xxxx X. Xxxxxxx
------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Senior Vice President
LENDERS:
MIZUHO CORPORATE BANK, LTD., as
successor by merger to THE INDUSTRIAL
BANK OF JAPAN, LIMITED
By: /s/ Xxxx X. Xxxxxxx
------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Senior Vice President
CITICORP USA, INC.
By: /s/ Xxxxxxx X. Xxxxxxx, III
-------------------------------------
Name: Xxxxxxx X. Xxxxxxx, III
Title: Vice President
THE MITSUBISHI TRUST AND BANKING
CORPORATION
By: /s/ Xxxxx X. Xxxxx
-----------------------------
Name: Xxxxx X. Xxxxx
Title: Executive Vice President
DEUTSCHE BANK TRUST COMPANY AMERICAS,
formerly known as BANKERS TRUST COMPANY
By: /s/ Xxxxxxxxxx Xxxxxx
-----------------------------
Name: Xxxxxxxxxx Xxxxxx
Title: Vice President
BANK ONE, ARIZONA, NA
By: /s/ Xxxxxx Xxxxxx
-----------------------------
Name: Xxxxxx Xxxxxx
Title: FYP
BANK OF SCOTLAND
By: /s/ Xxxxxx Xxxxxx
-----------------------------
Name: Xxxxxx Xxxxxx
Title: First Vice President
MIZUHO CORPORATE BANK, LTD., formerly
known as THE FUJI BANK, LIMITED
By: /s/ Xxxx X. Xxxxxxx
-----------------------------
Name: Xxxx X. Xxxxxxx
Title: Senior Vice President
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SCHEDULE 6.3
C. INVESTMENT PORTFOLIO GUIDELINES
C. The investment goals of the Return Portfolio shall be:
1. To preserve capital, and
2. To earn a higher return that the Liquidity Portfolio by
maintaining a target average duration over a market cycle
approximately equal to the duration of the Xxxxxxx Xxxxx Index
of One to Three Year Treasury Securities and by investing in
securities with a maximum duration of individual securities
(less than or equal to) five (5) years.
2. To earn a total rate of return (net of fees and expenses) in
excess of the return on the Xxxxxxx Xxxxx Index of One to Three
Year Treasury Securities.
E. Eligible Investments
1. Direct obligations of the US Treasury such as Treasury Bills,
Treasury Notes and Treasury Bonds.
2. Securities issued or guaranteed by the US Government, its
agencies or instrumentalities Obligations issued by US
Government agencies and instrumentalities include such
obligations as Government National Mortgage Association
pass-through certificates (supported by the full faith and
credit of the United States); securities of Federal Home Loan
Banks (supported by the right of the issuer to borrow from the
Treasury); and Federal National Mortgage Association obligations
(sponsored by the US Government and supported by the credit of
the instrumentality).
3. Certificates of Deposit ("CD's"), Time Deposits ("TD's") and
Bankers' Acceptances ("BA's") CD's are short-term negotiable
obligations of commercial banks. TD's are non-negotiable deposits
maintained in banking institutions for specified periods of time
at stated interest rates. BA's are time drafts drawn on
commercial banks, usually in connection with international
transactions. CD, TD, and BA investments are limited to those
instruments issued by institutions with total assets in excess
of $2 billion, and where the long term obligations are rated "A"
or better by Moody's and "A" or better by Standard & Poor's and
the short-term deposits are rated A-1 and P-1, respectively. The
foregoing investment guidelines for CD's and TD's may be set
aside to the extent that Company indebtedness with a commercial
bank may be offset by any outstanding investments or other
accounts
1
with the same commercial bank.
4. COMMERCIAL PAPER Short-term, unsecured, negotiable promissory note of a
domestic or foreign company. Commercial paper must have a rating of A2
and/or P2 or better by any two Nationally Recognized Statistical Rating
Organizations (NRSRO).
5. REPURCHASE AGREEMENTS Transactions in which the purchaser acquires a
security and simultaneously agrees to sell it back at a higher price,
normally within seven days. Such agreements may be entered into with
domestic and foreign organizations, including banks and broker-dealers.
The underlying securities must be securities which are eligible for direct
investment by the Company.
6. MONEY MARKET MUTUAL FUNDS ("MONEY FUNDS") No-load mutual funds which seek
to maximize current income for shareholders consistent with the
preservation of capital by investing in a diverse portfolio of high
quality, short-term instruments. The funds strive to maintain a constant
share price and offer daily purchase and redemption privileges.
7. FIXED AND FLOATING RATE CORPORATE DEBENTURES AND MEDIUM-TERM NOTES Short
to medium-term debt issuances of major corporations and financial
institutions. The ratings of the issue/issuer must have a long term debt
rating of "A" or better by any two NRSRO.
8. ASSET-BACKED SECURITIES Securities collateralized with consumer
receivables, such as automobile loans, credit card receivables, or home
equity loans, which are owned by the issuer, but placed with a trustee for
the benefit of the investor. Asset-backed securities must be rated Aaa by
Xxxxx'x Investor Services or AAA by S&P with a maximum final stated
maturity of five(5) years.
9. MORTGAGE PASS-THROUGH SECURITIES Securities collateralized with
residential mortgage loans, the principal and interest payments of which
are distributed, or "passed-through" to the investor. Many of these
securities are issued by agencies of the federal government, including
GNMA and FHLMC. These securities must be issued by US government agencies
with a maximum stated final maturity of five(5) years.
10. COLLATERALIZED MORTGAGE OBLIGATIONS (CMOs) Classes of bonds which
redistribute the cash flows of mortgage securities (and whole loans) to
create securities which have different levels of prepayment risk, as
compared to the underlying mortgage securities. CMOs must be rated Aaa or
AAA with stable cash flow characteristics and a duration of five(5) years
or less under all possible prepayment scenarios.
2
11. Tax-Exempt and Tax-Advantages Securities Limited to issues rated MIG1, A1,
P1, or AA, or higher.
a. Tax-exempt commercial paper Short term commercial paper issued by
tax-exempt entities.
b. Variable rate demand obligations Long-term obligations of tax-exempt
entities which have variable interest rates, and which reset
periodically based on a specified index and formula. Because these
obligations always have current market interest rates, they trade near
their par value, and thus, are considered short-term instruments.
c. Fixed rate, fixed maturity municipal notes, including long-term notes
with a "put" at the sole option of the investor.
d. "Dutch auction" rate preferred stock (including tax-exempt trusts)
rated AA or higher. These are preferred stock issues, the dividend rate
of which is established periodically by means of a Dutch auction,
wherein all investors receive the highest dividend rate which "clears"
the market. Under current tax law, portions of dividends received by
the Company from investments in preferred stock are subject, under
certain condition, to exclusion from income for purposes of calculation
of corporate income tax.
The dividends from preferred stock issued by tax-exempt trusts are 100%
free from federal corporate income tax.
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EXHIBIT A
Date: 07/12/02
BORROWING BASE CERTIFICATE
Reference is made to the Amended and Restated Term Loan Agreement dated as
of January 18, 2002 (as may be amended, restated or supplemented or otherwise
modified from time to time, the "Credit Agreement") among America West Airlines,
Inc. (the "Company"), the lenders from time to time party thereto and The
Industrial Bank of Japan Limited, Los Angeles Agency, as arranger and as agent
for such lenders. Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the Credit Agreement. The
undersigned, being the Assistant Treasurer of the Company, does hereby certify
for and on behalf of the Company, as of 03-31-02 the following:
--------------------------------------------------------------------------------
BORROWING BASE COLLATERAL
--------------------------------------------------------------------------------
A CASH AND PERMITTED CASH EQUIVALENTS A Collateral balance: $ NONE
Borrowing Base Value: $ NONE
B STAGE III AIRCRAFT B Appraised Value: $ NONE
Borrowing Base Value: $ NONE
C ROTABLES C Book Value: $128,123,285
Adjusted Fair Market Value: $76,530,000
Lower of Book Value or Adjusted Fair Market Value: $76,530,000
Borrowing Base Value: $44,785,038
D MAINTENANCE FACILITY/HANGAR D Appraised Value: $15,320,000
Borrowing Base Value: $15,320,000
E 737-200A AIRCRAFT E Appraised Value: $3,750,000
Borrowing Base Value: $3,750,000
F SPARE ENGINES G Appraised Value: $62,300,000
Borrowing Base Value: $62,300,000
--------------------------------------------------------------------------------
TOTAL BORROWING BASE VALUE: $126,155,039
TOTAL OUTSTANDING PRINCIPAL $73,169,922
AMOUNT OF LOANS (after paydown of $16,85,511)
RATIO OF TOTAL OUTSTANDING 0.58:1
PRINCIPAL AMOUNT OF LOANS TO
TOTAL BORROWING BASE VALUE
--------------------------------------------------------------------------------
In addition, the Company certifies that:
(1) None of the Borrowing Base Collateral included in the calculation of the
Borrowing Base is subject to an Event of Loss, Event of Damage, Repairable
Event or Adjustment Event;
(2) No reduction in the Borrowing Base is required pursuant to subsection
2.4B(ii)(1)(e) of the Credit Agreement;
(3) The portion of the Borrowing Base attributable to Rotables stated above does
not exceed thirty-five percent (35%), rounded to the nearest whole percent,
of the aggregate Borrowing Base; and
(4) The ratio of Total Outstanding Principal Amount of Loans to Total Borrowing
Base Value is not more than 0.58 to 1.
AMERICA WEST AIRLINES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: Senior Director and Assistant Treasurer
AMERICAN WEST AIRLINES, INC.,
CERTIFICATE
Reference is made to the Amended and Restated
Term Loan Agreement dated as
of January 18, 2002 (as amended pursuant to Amendment No. 1 dated as of the
date hereof, the "Credit Agreement") among America West Airlines, Inc. (the
"Company"), the lenders from time to time party thereto (the "Banks"), and
Mizuho Corporate Bank, Ltd., as successor by merger to The Industrial Bank of
Japan, Limited, as agent for the Banks (in such capacity, the "Agent").
The undersigned, the Vice President & Treasurer of the Company, and acting
on behalf of the Company, hereby certifies as of the date hereof that he is the
officer named above of the Company, and is duly authorized to execute and
deliver this Certificate to the Banks and the Agent on behalf of the Company,
and that:
1. The undersigned has reviewed and is familiar with the terms of the
Credit Agreement and has made, or has caused to be made under his
supervision, a review of the provisions of the Credit Agreement and related
definitions and the transactions and conditions (financial or otherwise) of
the Company and its Subsidiaries, if any, during the period covered by this
Certificate sufficient in his opinion to be able to provide this
certification.
2. To the best knowledge of the undersigned, no Potential Event of
Default or Event of Default exists.
IN WITNESS WHEREOF, the undersigned has executed this Certificate on behalf
of the Company as of July 12, 2002.
AMERICA WEST AIRLINES, INC.
By: /s/ XXXXXX X. XXXX
-------------------------------------
Name: Xxxxxx X. Xxxx
Title: Vice President and Treasurer
The Industrial Bank of Japan, Limited PIK Note Schedule
CLOSING DATE: 01/18/2002
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
INTEREST PAYMENT DATE LOAN AMOUNT (*) PIK INTEREST DATE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
--------------------- --------------- ----------------- ------------------ ------------------------ ---------------
01/31/2002 17,971,086.60 12,979.12 0 0 12,979.12
02/28/2002 17,971,086.60 27,955.02 12,979.12 20.19 40,954.33
04/01/2002 17,971,086.60 31,948.60 40,954.33 72.81 72,975.74
04/30/2002 17,971,086.60 28,953.42 72,975.74 117.57 102,046.73
05/31/2002 17,971,086.60 30,950.20 102,046.73 175.75 133,172.68
07/01/2002 17,971,086.60 30,950.20 133,172.68 229.35 164,352.24
07/11/2002 17,971,086.60 9,983.94 164,352.24 91.31 174,427.48
07/12/2002 14,633,984.40 998.39 174,427.48 9.13 175,435.00
07/31/2002 14,633,984.40 15,446.98 175,435.00 185.18 191,067.17
09/03/2002 14,633,984.40 27,641.97 191,067.17 360.90 219,070.04
09/30/2002 14,633,984.40 21,950.98 219,070.04 328.61 241,349.63
10/31/2002 14,633,984.40 25,202.97 241,349.63 415.66 266,968.26
12/02/2002 14,633,984.40 26,015.97 266,968.26 474.61 293,458.84
12/31/2002 14,633,984.40 23,576.97 293,458.84 472.79 317,508.61
01/31/2003 14,633,984.40 25,202.97 317,508.61 546.82 343,258.40
02/28/2003 14,633,984.40 22,763.98 343,258.40 533.96 366,556.34
03/31/2003 14,633,984.40 25,202.97 366,556.34 631.29 392,390.60
04/30/2003 14,633,984.40 24,389.97 392,390.60 653.98 417,434.56
06/02/2003 14,633,984.40 26,828.97 417,434.56 765.30 445,028.83
06/30/2003 14,633,984.40 22,763.98 445,028.83 692.27 468,485.07
07/31/2003 14,633,984.40 25,202.97 468,485.07 806.84 494,494.88
09/02/2003 14,633,984.40 26,828.97 494,494.88 906.57 522,230.42
09/30/2003 14,633,984.40 22,763.98 522,230.42 812.36 545,806.76
10/31/2003 14,633,984.40 25,202.97 545,806.76 940.00 571,949.73
12/01/2003 14,633,984.40 25,202.97 571,949.73 985.02 598,137.73
12/31/2003 14,633,984.40 24,389.97 598,137.73 996.90 623,524.80
02/02/2004 14,633,984.40 26,828.97 623,524.60 1,143.13 651,496.70
03/01/2004 14,633,984.40 22,763.98 651,496.70 1,013.44 675,274.11
03/31/2004 14,633,984.40 24,389.97 675,274.11 1,125.46 700,789.55
04/30/2004 14,633,984.40 24,389.97 700,789.55 1,167.98 726,347.50
06/01/2004 14,633,984.40 26,015.97 726,347.50 1,291.28 753,654.76
06/30/2004 14,633,984.40 23,576.97 753,654.76 1,214.22 778,445.95
08/02/2004 14,633,984.40 26,828.97 778,445.95 1,427.15 806,702.08
08/31/2004 14,633,984.40 23,576.97 806,702.08 1,299.69 831,578.74
09/30/2004 14,633,984.40 24,389.97 831,578.74 1,385.96 857,354.68
11/01/2004 14,633,984.40 26,015.97 857,354.68 1,524.19 884,894.84
11/30/2004 14,633,984.40 23,576.97 884,894.84 1,425.66 909,897.47
12/31/2004 14,633,984.40 25,202.97 909,897.47 1,567.05 936,667.49
(*) To be revised upon a prepayment
CLOSING DATE: 01/18/2002 Citicorp USA, Inc. PIK Note Schedule
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
INTEREST PAYMENT DATE LOAN AMOUNT (*) PIK INTEREST DUE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
--------------------- --------------- ---------------- ------------------ ------------------------ ---------------
01/31/2002 17,971,086.60 12,979.12 0 0 12,979.12
02/28/2002 17,971,086.60 27,955.02 12,979.12 20.19 40,954.33
04/01/2002 17,971,086.60 31,948.60 40,954.33 72.81 72,975.74
04/30/2002 17,971,086.60 28,953.42 72,975.74 117.57 102,046.73
05/31/2002 17,971,086.60 30,950.20 102,046,73 175.75 133,172.68
07/01/2002 17,971,086.60 30,950.20 133,172.68 229.35 164,352.24
07/11/2002 17,971,086.60 9,983.94 164,352.24 91.31 174,427.48
07/12/2002 14,633,984.40 998.39 174,427.48 9.13 175,435.00
07/31/2002 14,633,984.40 15,446.98 175,435.00 185.18 191,067.17
09/03/2002 14,633,984.40 27,641.97 191,067.17 360.90 219,070.04
09/30/2002 14,633,984.40 21,950.98 219,070.04 328.61 241,349.63
10/31/2002 14,633,984.40 25,202.97 241,349.63 415.66 266,968.26
12/02/2002 14,633,984.40 26,015.97 266,968.26 474.61 293,458.84
12/31/2002 14,633,984.40 23,576.97 293,458.84 472.79 317,508.61
01/31/2003 14,633,984.40 25,202.97 317,508.61 546.82 343,258.40
02/28/2003 14,633,984.40 22,763.98 343,258.40 533.96 366,556.34
03/31/2003 14,633,984.40 25,202.97 366,556.34 631.29 392,390.60
04/30/2003 14,633,984.40 24,389.97 392,390.60 653.98 417,434.56
06/02/2003 14,633,984.40 26,828.97 417,434.56 765.30 445,026.83
06/30/2003 14,633,984.40 22,763.98 445,028.83 692.27 468,485.07
07/31/2003 14,633,984.40 25,202.97 468,485.07 806.84 494,494.88
09/02/2003 14,633,984.40 26,828.97 494,494.88 906.57 522,230.42
09/30/2003 14,633,984.40 22,763.98 522,230.42 812.36 545,806.76
10/31/2003 14,633,984.40 25,202.97 545,806.76 940.00 571,949.73
12/01/2003 14,633,984.40 25,202.97 571,949.73 985.02 598,137.73
12/31/2003 14,633,984.40 24,389.97 598,137.73 996.90 623,524.60
02/02/2004 14,633,984.40 26,628.97 623,524.60 1,143.13 651,496.70
03/01/2004 14,633,984.40 22,763.98 651,496.70 1,013.44 675,274.11
03/31/2004 14,633,984.40 24,389.97 675,274.11 1,125.46 700,789.55
04/30/2004 14,633,984.40 24,389.97 700,789.55 1,167.98 726,347.50
06/01/2004 14,633,984.40 26,015.97 726,347.50 1,291.28 753,654.76
06/30/2004 14,633,984.40 23,576.97 753,654.76 1,214.22 778,445.95
08/02/2004 14,633,984.40 26,828,97 778,445.95 1,427.15 806,702.08
08/31/2004 14,633,984.40 23,576.97 806,702.08 1,299.69 831,578.74
09/30/2004 14,633,984.40 24,389.97 831,578.74 1,385.96 857,354.68
11/01/2004 14,633,984.40 26,015.97 857,354.68 1,524.19 884,894.84
11/30/2004 14,633,984.40 23,576.97 884,894.84 1,425.66 909,897.47
12/31/2004 14,633,984.40 25,202.97 909,897.47 1,567.05 936,667.49
(*) To be revised upon a prepayment
The Mitsubishi Trust and Banking Corporation PIK Note Schedule
CLOSING DATE: 01/18/2002
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
---------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
INTEREST PAYMENT DATE LOAN AMOUNT (*) PIK INTEREST DUE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
01/31/2002 10,782,651.96 7,787.47 0 0 7,787.47
02/28/2002 10,782,651.96 16,773.01 7,787.47 12.11 24,572.60
04/01/2002 10,782,651.96 19,169.16 24,572.60 43.68 43,785.44
04/30/2002 10,782.651.96 17,372.05 43,785.44 70.54 61,228.04
05/31/2002 10,782,651.96 18,570.12 61,228.04 105.45 79,903.61
07/01/2002 10,782,651.96 18,570.12 79,903.61 137.61 98.611.34
07/11/2002 10,782,651.96 5,990.36 98,611.34 54.78 104,656.49
07/12/2002 8,780,390.64 599.04 104,656.49 5.48 105,261.00
07/31/2002 8,780,390.64 9,268.19 105,261.00 111.11 114,640.30
09/03/2002 8,780,390.64 16,585.18 114,640.30 216.54 131,442.03
09/30/2002 8,780,390.64 13,170.59 131,442.03 197.16 144,809.78
10/31/2002 8,780,390.64 15,121.78 144,809.78 249.39 160,180.95
12/02/2002 8,780,390.64 15,609.58 160,180.95 284.77 176,075.30
12/31/2002 8,780,390.64 14,146.18 176,075.30 283.68 190,505.17
01/31/2003 8,780,390.64 15,121.78 190,505.17 328.09 205,955.04
02/28/2003 8,780,390.64 13,658.39 205,955.04 320.37 219,933.80
03/31/2003 8,780,390.64 15,121.78 219,933.80 378.77 234,434.36
04/30/2003 8,780,390.64 14,633.98 235,434.36 392.39 250,460.74
06/02/2003 8,780,390.64 16,097.38 250,460.74 459.18 267,017.30
06/30/2003 8,780,390.64 13,658.39 267,017.30 415.36 281,091.04
07/31/2003 8,780,390.64 15,121.78 281,091.04 484.10 296,696.93
09/02/2003 8,780,390.64 16,097.38 296,696.93 543.94 313,338.25
09/30/2003 8,780,390.64 13,658.39 313,338.25 487.42 327,484.05
10/31/2003 8,780,390.64 15,121.78 327,484.05 564.00 343,169.84
12/01/2003 8,780,390.64 15,121.78 343,169.84 591.01 358,882.64
12/31/2003 8,780,390.64 14,633.98 358,882.64 598.14 374,114.76
02/02/2004 8,780,390.64 16,097.38 374,114.76 685.88 390,898.02
03/01/2004 8,780,390.64 13,658.39 390,898.02 608.06 405,164.47
03/31/2004 8,780,390.64 14,633.98 405,164.47 675.27 420,473.73
04/30/2004 8,780,390.64 14,633.98 420,473.73 700.79 435,808.50
06/01/2004 8,780,390.64 15,609.58 435,808.50 774,77 452,192.86
06/30/2004 8,780,390.64 14,146.18 452,192.86 728.53 467,067.57
08/02/2004 8,780,390.64 16,097.38 467,067.57 856.29 484,021.25
08/31/2004 8,780,390.64 14,146.18 484,021.25 779.81 498,947.24
09/30/2004 8,780,390.64 14,633.98 498,947.24 831.58 514,412.81
11/01/2004 8,780,390.64 15,609.58 514,412.81 914.51 530,936.90
11/30/2004 8,780,390.64 14,146.18 530,936.90 855.40 545,938.48
12/31/2004 8,780,390.64 15,121.78 545,938.48 940.23 562,000.50
(*) To be revised upon a prepayment
CLOSING DATE: 01/18/2002 Bankers Trust Company PIK Note Schedule
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
INTEREST PAYMENT DATE LOAN AMOUNT(*) PIK INTEREST DUE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
--------------------- -------------- ---------------- ------------------ ------------------------ ---------------
01/31/2002 17,971,086.60 12,979.12 0 0 12,979.12
02/28/2002 17,971,086.60 27,955.02 12,979.12 20.19 40,954.33
04/01/2002 17,971,086.60 31,948.60 40,954.33 72.81 72,975.74
04/30/2002 17,971,086.60 28,953.42 72,975.74 117.57 102,046.73
05/31/2002 17,971,086.60 30,950.20 102,046.73 175.75 133,172.68
07/01/2002 17,971,086.60 30,950.20 133,172.68 229.35 164,352.24
07/11/2002 17,971,086.60 9,963.94 164,352.24 91.31 174,427.48
07/12/2002 14,633,984.40 998.39 174,427.48 9.13 175,435.00
07/31/2002 14,633,984.40 15,446.98 175,435.00 185.18 191,067.17
09/03/2002 14,633,984.40 27,641.97 191,067.17 360.90 219,070.04
09/30/2002 14,633,984.40 21,950.98 219,070.04 328.61 241,349.63
10/31/2002 14,633,984.40 25,202.97 241,349.63 415.66 266,968.26
12/02/2002 14,633,984.40 26,015.97 266,968.26 474.61 293,458.84
12/31/2002 14,633,984.40 23,576.97 293,458.84 472.79 317,508.61
01/31/2003 14,633,984.40 25,202.97 317,508.81 546.82 343,258.40
02/28/2003 14,633,984.40 22,763.98 343,258.40 533.96 366,556.34
03/31/2003 14,633,984.40 25,202.97 366,558.34 631.29 392,390.60
04/30/2003 14,633,984.40 24,389.97 392,390.60 653.98 417,434.56
06/02/2003 14,633,984.40 26,828.97 417,434.56 765.30 445,028.83
06/30/2003 14,633,984.40 22,763.98 445,028.83 692.27 468,485.07
07/31/2003 14,633,984.40 25,202.97 468,485.07 806.84 494,494.88
09/02/2003 14,633,984.40 26,828.97 494,494.88 906.57 522,230.42
09/30/2003 14,633,984.40 22,763.98 522,230.42 812.36 545,806.76
10/31/2003 14,633,984.40 25,202.97 545,806.76 940.00 571,949.73
12/01/2003 14,633,984.40 25,202.97 571,949.73 985.02 598,137.73
12/31/2003 14,633,984.40 24,389.97 598,137.73 996.90 623,524.60
02/02/2004 14,633,984.40 26,828.97 623,524.60 1,143.13 651,496.70
03/01/2004 14,633,984.40 22,763.98 651,496.70 1,013.44 675,274.11
03/31/2004 14,633,984.40 24,389.97 675,274.11 1,125.46 700,789.55
04/30/2004 14,633,984.40 24,389.97 700,789.55 1,167.98 726,347.50
06/01/2004 14,633,984.40 26,015.97 726,347.50 1,291.26 753,654.76
06/30/2004 14,633,984.40 23,576.97 753,654.76 1,214.22 778,445.95
08/02/2004 14,633,984.40 26,828.97 778,445.95 1,427.15 806,702.08
08/31/2004 14,633,984.40 23,576.97 806,702.08 1,299.69 831,578.74
09/30/2004 14,633,984.40 24,389.97 831,578.74 1,385.96 857,354.68
11/01/2004 14,633,984.40 26,015.97 857,354.68 1,524.19 884,894.84
11/30/2004 14,633,984.40 23,576.97 884,894.84 1,425.66 909,897.47
12/31/2004 14,633,984.40 25,202.97 909,897.47 1,587.05 936,667.49
(*) To be revised upon a prepayment
CLOSING DATE: 01/18/2002 Bank One, NA PIK Note Schedule
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
INTEREST PAYMENT DATE LOAN AMOUNT(*) PIK INTEREST DUE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
--------------------- -------------- ---------------- ------------------ ------------------------ ---------------
01/31/2002 7,188,434.64 5,191.65 0 0 5,191.65
02/28/2002 7,188,434.64 11,182.01 5,191.65 8.08 16,381.73
04/01/2002 7,188,434.64 12,779.44 16,381.73 29.12 29,190.30
04/30/2002 7,188,434.64 11,581.37 29,190.30 47.03 40,818.69
05/31/2002 7,188,434.64 12,380.08 40,818.69 70.30 53,269.07
07/01/2002 7,188,434.64 12,380.08 53,269.07 91.74 65,740.89
07/11/2002 7,188,434.64 3,993.57 65,740.89 36.52 69,770.99
07/12/2002 5,853,593.76 399.36 69,770.99 3.85 70,174.00
07/31/2002 5,853,593.76 6,178.79 70,174,00 74.07 76,426.87
09/03/2002 5,853,593.76 11,056.79 76,426.87 144.36 87,628.02
09/30/2002 5,853,593.76 8,780.39 87,628.02 131.44 96,539.85
10/31/2002 5,853,593.76 10,081.19 96,539.85 166.26 106,787.30
12/02/2002 5,853,593.76 10,406.39 106,787.30 189.84 117,383.54
12/31/2002 5,853,593.76 9,430.79 117,383.54 189.12 127,003.44
01/31/2003 5,853,593.76 10,081.19 127,003.44 218.73 137,303.36
02/28/2003 5,853,593.76 9,105.59 137,303.36 213.58 146,622.53
03/31/2003 5,853,593.76 10,081.59 146,622.53 252.52 156,956.24
04/30/2003 5,853,593.76 9,755.99 156,956.24 261.59 166,973.82
06/02/2003 5,853,593.76 10,731.59 166,973.82 306.12 178,011.53
06/30/2003 5,853,593.76 9,105.59 178,011.53 276.91 187,394.03
07/31/2003 5,853,593.76 10,081.19 187,394.03 322.73 197,797.95
09/02/2003 5,853,593.76 10,731.59 197,797.95 362.63 208,892.17
09/30/2003 5,853,593.76 9,105.59 208,892.17 324.94 218,322.70
10/31/2003 5,853,593.76 10,081.19 218,322.70 376.00 228,779.89
12/01/2003 5,853,593.76 10,081.19 228,779.89 394.01 239,255.09
12/31/2003 5,853,593.76 9,755.99 239,255.09 398.76 249,409.84
02/02/2004 5,853,593.76 10,731.59 249,409.84 457.25 260,598.68
03/01/2004 5,853,593.76 9,105.59 260,598.68 405.38 270,109.65
03/31/2004 5,853,593.76 9,755.99 270,109.65 450.18 280,315.82
04/30/2004 5,853,593.76 9,755.99 280,315.82 467.19 290,539.00
06/01/2004 5,853,593.76 10,406.39 290,539.00 516.51 301,461.90
06/30/2004 5,853,593.76 9,430.79 301,461.90 485.69 311,378.38
08/02/2004 5,853,593.76 10,731.59 311,378.38 570.86 322,680.83
08/31/2004 5,853,593.76 9,430.79 322,680.83 519.87 332,631.50
09/30/2004 5,853,593.76 9,755.99 332,631.50 554.39 342,941.87
11/01/2004 5,853,593.76 10,406.39 342,941.87 609.67 353,957.93
11/30/2004 5,853,593.76 9,430.79 353,957.93 570.27 363,958.99
12/31/2004 5,853,593.76 10,081.19 363,958.99 626.82 374,667.00
(*) To be revised upon a prepayment
CLOSING DATE: 01/18/2002 Bank of Scotland PIK Note Schedule
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
INTEREST PAYMENT DATE LOAN AMOUNT(*) PIK INTEREST DUE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
--------------------- -------------- ---------------- ------------------ ------------------------ ---------------
01/31/2002 10,782,651.96 7,787.47 0 0 7,787.47
02/28/2002 10,782,651.96 16,773.01 7,787.47 12.11 24,572.60
04/01/2002 10,782,651.96 19,169.16 24,572.60 43.68 43,785.44
04/30/2002 10,782,651.96 17,372.05 43,785.44 70.54 61,228.04
05/31/2002 10,782,651.96 18,570.12 61,228.04 105.45 79,903.61
07/01/2002 10,782,651.96 18,570.12 79,903.61 137.61 98,611.34
07/11/2002 10,782,651.96 5,990.36 98,611.34 54.78 104,656.49
07/12/2002 8,780,390.64 599.04 104,656.49 5.48 105,261.00
07/31/2002 8,780,390.64 9,268.19 105,261.00 111.11 114,640.30
09/03/2002 8,780,390.64 16,585.18 114,640.30 216.54 131,442.03
09/30/2002 8,780,390.64 13,170.59 131,442.03 197.16 144,809.78
10/31/2002 8,780,390.64 15,121.78 144,809.78 249.39 160,180.95
12/02/2002 8,780,390.64 15,609.58 160,180.95 284.77 176,075.30
12/31/2002 8,780,390.64 14,146.18 176,075.30 283.68 190,505.17
01/31/2003 8,780,390.64 15,121.78 190,505.17 328.09 205,955.04
02/28/2003 8,780,390.64 13,658.39 205,955.04 320.37 219,933.80
03/31/2003 8,780,390.64 15,121.78 219,933.80 378.77 235,434.36
04/30/2003 8,780,390.64 14,633.98 235,434.36 392.39 250,460.74
06/02/2003 8,780,390.64 16,097.38 250,460.74 459.18 267,017.30
06/30/2003 8,780,390.64 13,658.39 267,017.30 415.36 281,091.04
07/31/2003 8,780,390.64 15,121.78 281,091.04 484.10 296,696.93
09/02/2003 8,780,390.64 16,097.38 296,696.93 543.94 313,338.25
09/30/2003 8,780,390.64 13,658.39 313,338.25 487.42 327,484.05
10/31/2003 8,780,390.64 15,121.78 327,484.05 564.00 343,169.84
12/01/2003 8,780,390.64 15,121.78 343,169.84 591.01 358,882.64
12/31/2003 8,780,390.64 14,633.98 358,882.64 598.14 374,114.76
02/02/2004 8,780,390.64 16,097.38 374,114.76 685.88 390,898.02
03/01/2004 8,780,390.64 13,658.39 390,898.02 608.06 405,164.47
03/31/2004 8,780,390.64 14,633.98 405,164.47 675.27 420,473.73
04/30/2004 8,780,390.64 14,633.98 420,473.73 700.79 435,808.50
06/01/2004 8,780,390.64 15,609.58 435,808.50 774.77 452,192.86
06/30/2004 8,780,390.64 14,146.18 452,192.86 728.53 467,067.57
08/02/2004 8,780,390.64 16,097.38 467,067.57 856.29 484,021.25
08/31/2004 8,780,390.64 14,146.18 484,021.25 779.81 498,947.24
09/30/2004 8,780,390.64 14,633.98 498,947.24 831.58 514,412.81
11/01/2004 8,780,390.64 15,609.58 514,412.81 914.51 530,936.90
11/30/2004 8,780,390.64 14,146.18 530,936.90 855.40 545,938.48
12/31/2004 8,780,390.64 15,121.78 545,938.48 940.23 562,000.50
(*) To be revised upon a prepayment
CLOSING DATE: 01/18/2002 The Fuji Bank, Limited PIK Note Schedule
PAYDOWN AMOUNT: 16,685,511
PAYDOWN DATE: 07/12/2002
INTEREST PAYMENT DATE LOAN AMOUNT(*) PIK INTEREST DUE AMOUNT OF PIK NOTE INTEREST DUE OF PIK NOTE NEW OUTSTANDING
--------------------- -------------- ---------------- ------------------ ------------------------ ---------------
01/31/2002 7,188,434.64 5,191.65 0 0 5,191.65
02/28/2002 7,188,434.64 11,182.01 5,191.65 8.08 16,381.73
04/01/2002 7,188,434.64 12,779.44 16,381.73 29.12 29,190.30
04/30/2002 7,188,434.64 11,581.37 29,190.30 47.03 40,818.69
05/31/2002 7,188,434.64 12,380.08 40,818.69 70.30 53,269.07
07/01/2002 7,188,434.64 12,380.08 53,269.07 91.74 65,740.89
07/11/2002 7,188,434.64 3,993.57 65,740.89 36.52 69,770.99
07/12/2002 5,853,593.76 399.36 69,770.99 3.65 70,174.00
07/31/2002 5,853,593.76 6,178.79 70,174.00 74.07 76,426.87
09/03/2002 5,853,593.76 11,056.79 76,426.87 144.36 87,628.02
09/30/2002 5,853,593.76 8,780.39 87,628.02 131.44 96,539.85
10/31/2002 5,853,593.76 10,081,19 96,539.85 166.26 106,787.30
12/02/2002 5,853,593.76 10,406.39 106,787.30 189.84 117,383.54
12/31/2002 5,853,593.76 9,430.79 117,383.54 189.12 127,003.44
01/31/2003 5,853,593.76 10,081.19 127,003.44 218.73 137,303.36
02/28/2003 5,853,593.76 9,105.59 137,303.36 213.58 146,622.53
03/31/2003 5,853,593.76 10,081.19 146,622.53 252.52 156,956.24
04/30/2003 5,853,593.76 9,755.99 156,956.24 261.59 166,973.82
06/02/2003 5,853,593.76 10,731.59 166,973.82 306.12 178,011.53
06/30/2003 5,853,593.76 9,105.59 178,011.53 276.91 187,394.03
07/31/2003 5,853,593.76 10,081.19 187,394.03 322.73 197,797.95
09/02/2003 5,853,593.76 10,731.59 197,797.95 362.63 208,892.17
09/30/2003 5,853,593.76 9,105.59 208,892.17 324.94 218,322.70
10/31/2003 5,853,593.76 10,081.19 218,322.70 376.00 228,779.89
12/01/2003 5,853,593.76 10,081.19 228,779.89 394.01 239,255.09
12/31/2003 5,853,593.76 9,755.99 239,255.09 398.76 249,409.84
02/02/2004 5,853,593.76 10,731.59 249,409.84 457.25 260,598.68
03/01/2004 5,853,593.76 9,105.59 260,598.68 405.38 270,109.65
03/31/2004 5,853,593.76 9,755.99 270,109.65 450.18 280,315.82
04/30/2004 5,853,593.76 9,755.99 280,315.82 467.19 290,539.00
06/01/2004 5,853,593.76 10,406.39 290,539.00 516.51 301,461.90
06/30/2004 5,853,593.76 9,430.79 301.461.90 485.69 311,378.38
08/02/2004 5,853,593.76 10,731.59 311,378.38 570.86 322.680.83
08/31/2004 5,853,593.76 9,430.79 322,680.83 519.87 332,631.50
09/30/2004 5,853,593.76 9,755.99 332,631.50 554.39 342,941.87
11/01/2004 5,853,593.76 10,406.39 342,941.87 609.67 353,957.93
11/30/2004 5,853,593.76 9,430.79 353,957.93 570.27 363,958.99
12/31/2004 5,853,593.76 10,081.19 363,958.99 626.82 374,667.00
(*) To be revised upon a prepayment
