ML17257A175
| ML17257A175 | |
| Person / Time | |
|---|---|
| Site: | Aerotest |
| Issue date: | 08/15/2017 |
| From: | Slaughter D Aerotest |
| To: | Division of Policy and Rulemaking |
| References | |
| Download: ML17257A175 (3) | |
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Ar:R()TEST -OPERATIONS, INC.
34SSFOSTORIAWAY *_SAN RAMON. CA 94583 * (925>'86~121~
- FAX(925)8~1?1f>° August )5, 2_017 --
Via Electronic Mail birecfor Divisi(ln of Policy and Regulation Office of Nu-clear Reactor Regufation u~s. Nuclear Regi.ilatory Coilul}ission Wa5hingtdn, DC 2pss5 * - * -- * - -- -*
R,e: Ae~otest, Operations, Ille~
- _ Aerotest,Radiography ancl R,esearc~ _Reactor (Docket N(). 50...228) *_ -
Re:* FinancfaJ ;Prot_ecti~n §ta11(1byTrust This letter is to confinti that a financial protection standby trust fot the Aerotest _
- Radiograpl1y and Rese~r~h Reai:ior (ARgR) h.as. 9~~n established as required ~y tlie Order Approving Indir.ect Tran~fer of Fa~iJitY Qperatii)n ~icen~ arid. Corifo.:rming Amendment irt. th~ -
a~ove do~ket, datedFebruary28, __ 201.7(Qrder)~ fr is my understanding that the NR~ Staffis-seeking ~onfimiation ff6Jl1 Aerotest.Operati9ris,Jric. (Aero~~st) that this provisiori of the Qrder had beeri eomplied with;. '
The Order approved :the indirect transfer of the ARRR operating license SQbjed to
_.conditi~iis set forth.in the,Ord~r; C9~ditioil)IL4.D requfrect tllatthe Funding Agree111ent befiye~n }\\utpliv, Inc. and Nudear 1.abyririfh, J:.LC provide tha~ prior to the CJQsing of the transaction by which N~clear tabynnth acquireclAero.test, Autoliv, Irie. or its su9sidiaries would trllllsfer $1.5 miiliOQ to the financial prote4tion s,timdby triJst for tlie *ARRR.
Tllis is to confirm that the financial protection standby tn,lst for th~ ARRRc()ntemplaied by the Order came into effect \\\\fith signature of the 'Grantor:A.erotest Operations, Inc. on July 12, 20 l7' following the signatures bY the TnisteeBOKf. N *A~ Oij July 6, io 17 and by the Investlrt~nt Manager Wells Fargo and Co. on _Jlily 11,2017.. ]>ricir to -the dosing o.fthe ti"ansactiOn as of5 p.m. (l\\fountilintime) on July 17,-2017, I was notifi~d that WeUsFargo had received by wire transfer the $ L5 01illitm In fun<is for the firiancfal piotectiOn standby tfµSt; as -
well as the other funds required fo be transf eqed by the Orde:r... - - -
With the inclir¢ct license transfer and the establishment of the firiancial proteetionstandpy tru
__ st.re-_q-_uir_ e_d_ by the 011-de-r, th_-__ e __ s
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_ t..11 ti D f Inc. and Wells Fargo Banlc, National Association as ofSeptember20, 2016 is no lorigerneeded. _ Fr V.
Tltat trust and a guarantee frorrt.A.erotest's then-parent company were establish~d in order.to
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provide the financial protection for the ARRR required by 10 C.f.R Part 140. Withthe establishment and funding ofthe financial prntection standby trust required by ~he Order, the par~nt guarantee nolonger applies and the Septeµi.b.er 20,2016 trust i$ no fonger needed.
- However, because Section 16 of the September i6, 2016 trust ~greemerit only petmits the terrilimition of thadrust "at the written agreement ofthe.Grantor [A~rotest], the Trustee [Wells Fargo Bank, NaHonal Associati:on], anc:f the NRC. Aerote~t would appreciate the written agreement from the NRC that the September. 20~ 2Q 16 trµgt ~
be terminated. *
- Thank you for your.consideration~ Jf you need any adciitional information, please contact me by phone at 891-631 "'.59 I?.ot by email at dritsra\\ren@gntaitcom.
cc~ Jeremy Wachu~ka, Esq.
Ed l-Ielvenstori Jay g. s*m,~rg, E8q. * *
\\ !;incetely,..
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pavid M. Staugbter; PchJ)..
President;. * * * * *. * * * *
- Aertj~est qpe~tions;I11c. **
I hereby. cert.ify ~rider oath. t}lat the statements ~erei~ c()ntaine<Jare true and* col:'re~t. to the best of myknowledgeand belief.
David Ivt Slai.ighter, Ph.D.
Presiderjt, **
Aerotest Op~rations, inc~
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