・ Leaseback-

Between the Trustee and the Port, granting a leasehold interest in the Site back to the Port.

・ The Terminal 18 Lease-

Between the Port and SSA/SSAT (the "Lessee"), conveying a leasehold interest in the entire T18 Site as well as all of on-Site Improvements.

・ EPC Contract-

Between T-18 Co. and the EPC Contractor, a design-build contract that requires the EPC Contractor to furnish the design as well as to construct the Bond Improvements.

・Construction Management Agreement-

Between T-18 Co. and the Port,to provide management and oversight of design and construction of the EPC Contract.

　

Figure 3 illustrates the structure of the transaction.

Figure 3: Framework for the T18 Transaction

　

The issuance of the Bonds is governed by Resolution No. 3321 (the "Resolution"). The Resolution governs the application of Series 1999 Bond revenues to various funds and accounts, and requires that all revenues be deposited into the T-18 Revenue Fund and applied monthly in the order of priority shown on Figure 4.

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