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) | |
Text
,. ' ' . ' . ,. : :*' ".,* . . '*. *' .-' Ar:R()TEST -OPERATIONS, INC. 34SSFOSTORIAWAY
- _SAN RAMON. CA 94583 *
- August )5, 2_017 --Via Electronic Mail birecfor Divisi(ln of Policy and Regulation Office of Nu-clear Reactor Regufation Nuclear Regi.ilatory Coilul}ission Wa5hingtdn, DC 2pss5 * -* --* ----* R,e:
Operations,
-... ____ -_ ._ -_ _--_ _-___ .--_ Aerotest ,Radiography ancl
_Reactor (Docket N(). 50...228)
- _ -Re:* FinancfaJ
§ta11(1byTrust
This letter is to confinti that a financial protection standby trust fot the Aerotest _
- Radiograpl1y and Reai:ior (ARgR) h.as.
established as required tlie Order _-_ *--Approving Indir.ect of Qperatii)n arid. Corifo.:rming Amendment irt. -
datedFebruary28, __
fr is my understanding that the seeking ff6Jl1 Aerotest .Operati9ris,Jric.
that this provisiori of the Qrder had beeri eomplied with;. ' ---' ------ ---The Order approved :the indirect transfer of the ARRR operating license SQbjed to _
set forth.in the requfrect tllatthe Funding Agree111ent
}\utpliv, Inc. and Nudear 1.abyririfh, J:.LC provide prior to the CJQsing of the transaction by which 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 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 Oij July 6, io 17 and by the ' -
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 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 __ tan_ dby_---T __ r_us* -__ t_-_ A __ . greemeri*t-_ent_e_r.ed
__ i_nt-ob_ y-A_ e __ ro ___ tes_ t
_ 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 in order.to * --* -----. -----*--* ----------. D 1ot -/1'/.
. ' . . . . **'.*-* . _.. *:'* :_*._: ./ ' . 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 Order, the 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 only petmits the terrilimition of thadrust "at the written agreement ofthe.Grantor the Trustee [Wells Fargo Bank, NaHonal Associati:on], anc:f the NRC.
would appreciate the written ... agreement from the NRC that the September. 2Q 16 trµgt be terminated.
- * *
- Thank you for Jf you need any adciitional information, please contact me by phone at 891-631 "'.59 I? .ot by email at dritsra\ren@gntaitcom. . . . .. . Jeremy Esq. Ed l-Ielvenstori Jay g.
E8q. * * \ !;incetely, . . * . .* .
- pavid M. Staugbter; PchJ) .. President; . * * * * *. * * * * *
- I hereby. cert.ify oath. t}lat the statements c()ntaine<Jare true and*
to the best of myknowledgeand belief. * * *. * *. * * ** * * .* * ** * *
- David Ivt Slai.ighter, Ph.D. Presiderjt, ** *
- Aerotest . ' . ,. ', ' .* .-' . *;*. ", J
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