OGLETHORPE POWER CORP
U-7D/A, 1998-01-16
COGENERATION SERVICES & SMALL POWER PRODUCERS
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<PAGE>

                                  FORM U-7D/A
 
                     SECURITIES AND EXCHANGE COMMISSION 
                            Washington, D.C. 20549
                           ________________________

                                                             FILE No. 32-445
                                                                     -------
                                                             AMENDMENT No. 2

    Amendment to Certificate Pursuant to Rule 7(d) on Form U-7D under Public 
Utility Holding Company Act of 1935
 
                   NATIONSBANK, N.A., successor by merger to
                   The Citizens and Southern National Bank,
                acting through its agent, The Bank of New York,
                 as Owner Trustee under Trust Agreement No. 3,
              dated December 30, 1985, as amended and supplemented,
                      with Chrysler Capital Corporation
                      (Name of company filing amendment)
 
    Name, title, and address of officer to whom notices and correspondence 
concerning this amendment should be addressed:
 
                 NATIONSBANK, N.A., successor by merger to 
                  The Citizens and Southern National Bank, 
               acting through its agent, The Bank of New York, 
                as Owner Trustee under Trust Agreement No. 3, 
            dated December 30, 1985, as amended and supplemented,
                     with Chrysler Capital Corporation 
                    100 Ashford Center North, Suite 520 
                          Atlanta, Georgia 30338 
            Attention: Stefan Victory, Corporate Trust Department
 
    The undersigned hereby amends the above document (which relates to a 
financing for OGLETHORPE POWER CORPORATION, as Lessee public-utility company, 
of an undivided interest in Plant Robert W. Scherer Unit No. 2) as indicated 
in the Annex attached hereto with respect to the following:
 
Items 2, 8, 8a., 9, 11, and Schedules A and B.

<PAGE>
 
                                   SIGNATURE
 
    The company has caused this amendment to be duly signed on its behalf by 
its authorized officer in the City of New York and State of New York, on the 
17th day of December, 1997.
 
Attest:             [Seal]          NationsBank, N.A., a national banking 
                                    association and successor by merger to The 
                                    Citizens and Southern National Bank, acting
                                    through its agent, The Bank of New York, a 
                                    state banking corporation organized under 
                                    the laws of the state of New York, as Owner
                                    Trustee under a Trust Agreement No. 3, dated
                                    December 30, 1985, as amended and 
                                    supplemented, with Chrysler Capital 
                                    Corporation and as successor to Wilmington 
                                    Trust Company and William J. Wade, Original
                                    Owner Trustee and Co-Owner Trustee under 
                                    said Trust Agreement 


/s/ Howard L. Shellkopf             By /s/ Stefan Victory     Agent 
- ------------------------------         -------------------------------------
 (Signature of Officer)                (Name)                (Title)



Agent                                  Stefan Victory 
- ------------------------------         -------------------------------------
(Title)                                        (Type or print name)
 

<PAGE>

                   SIGNATURE OF HOLDER OF BENEFICIAL INTEREST
 
    The holder of the beneficial interest in the Lease described above has 
caused this amendment to be duly signed on its behalf by its authorized 
officer as of the 17th day of December, 1997.
 
                                      CHRYSLER CAPITAL CORPORATION
 
                                      By: /s/ Richard G. Neptune 
                                          ---------------------------------
                                          Name: Richard G. Neptune 
                                          Title: Vice President
 
Attest:              [Seal]





By: /s/ Richard M. Cozart 
    ----------------------------
    Name: Richard M. Cozart 
    Title: Secretary
 

<PAGE>

                                     ANNEX
 
    (Numbers hereto refer to the item-numbers as appeared in the Initial 
Filing on Form U-7D)
 
    2.   Date: The refinancing was on December 17, 1997.
 
    8.   Basic Rent: As a result of a refinancing and an amendment to the lease
         on December 17, 1997, the aggregate basic rent during the basic term 
         will be $98,699,188.41. 

    8a.  Periodic Installment. Amount: As a result of a refinancing and an 
         amendment to the lease on December 17, 1997, the periodic installments
         will be due on December 31st and June 30th of each year through and 
         including June 30, 2013, and will be as listed on Schedule A attached
         hereto and incorporated herein.
 
    9.   Holders of Legal Title to Facility: NationsBank, N.A., as successor by
         merger to The Citizens and Southern National Bank, , as Owner Trustee
         under Trust Agreement No. 3, as amended and supplemented, dated
         December 30, 1985 and as successor in interest to all of the right, 
         title and interest of Wilmington Trust Company and William J. Wade, as
         Original Owner Trustee and Co-Owner Trustee under said Trust Agreement
         No. 3, in and to the Facility (as described in Item 5) and under the 
         Lease Agreement No. 3, as amended, referred to in the original filing
         of the certificate on Form U-7D.
 
         Address: 
                  NationsBank, N.A, as successor by merger to
                    The Citizens and Southern National Bank,
                 acting through its agent, The Bank of New York
                  as Owner Trustee under Trust Agreement No. 3, 
             dated December 30, 1985, as amended and supplemented, 
                       with Chrysler Capital Corporation 
                      100 Ashford Center North, Suite 520 
                             Atlanta, Georgia 30338 
                    Attention: Corporation Trust Department
 
    11.  If part or all of the financing is supplied by loan on which only
         principal and interest is payable, state:

         Amount Borrowed: As a result of a refinancing on December 17, 1997, OPC
         Scherer 1997 Funding Corporation A, a Delaware corporation, has made a
         loan (the "Refinancing Loan") to the Owner Trustee in the amount of 
         $43,237,000.00, the proceeds of which were used to prepay the Refunding
         Lessor Note (as described in the Amendment No. 1 to Item 11 of the 
         Original Filing of Form U-7D). The Refinancing Loan is evidenced by a 
         Series 1997 Refunding Lessor Note.

         The interest rate on the Series 1997 Refunding Lessor Note is 6.974%;

         The number of Lenders: one

         Terms of repayment: Amount and Period: Attached as Schedule B and 
         incorporated 

<PAGE>

          herein is a listing of the principal and interest payments to be
          made semiannually with respect to the Series 1997 Refunding Lessor
          Note on December 31st and June 30th of each year through and 
          including June 30, 2009.
 








<PAGE>

                                   SCHEDULE A
 
<TABLE>
<CAPTION>
                                                                                                      
                                                                                                          
           RENT                                           PERCENTAGE OF 
       PAYMENT DATE        RENT NUMBER     RENT AMOUNT    FACILITY COST
- -----------------------  ---------------  --------------  ------------
<S>                      <C>              <C>             <C>
June 30, 1998...........         1          3,405,854.35    4.3946508
December 31, 1998.......         2          3,182,392.80    4.1063133
June 30, 1999...........         3          2,105,745.47    2.7170909
December 31, 1999.......         4          4,247,424.83    5.4805482
June 30, 2000...........         5          2,055,100.66    2.6517428
December 31, 2000.......         6          4,298,071.56    5.5458988
June 30, 2001...........         7          2,004,109.07    2.5859472
December 31, 2001.......         8          4,349,075.47    5.6117103
June 30, 2002...........         9          1,950,901.33    2.5172920
December 31, 2002.......        10          4,405,986.92    5.6851444
June 30, 2003...........        11          1,231,024.19    1.5884183
December 31, 2003.......        12          5,123,067.42    6.6104096
June 30, 2004...........        13          1,014,542.65    1.3090873
December 31, 2004.......        14          5,339,183.94    6.8892696
June 30, 2005...........        15            863,764.77    1.1145352
December 31, 2005.......        16          5,489,764.77    7.0835674
June 30, 2006...........        17            748,456.15    0.9657499
December 31, 2006.......        18          5,575,191.46    7.1937954
June 30, 2007...........        19          6,011,895.75    7.7572848
December 31, 2007.......        20            339,777.20    0.4384222
June 30, 2008...........        21          6,230,733.28    8.0397075
December 31, 2008.......        22            134,579.10    0.1736505
June 30, 2009...........        23          3,987,354.11    5.1449730
December 31, 2009.......        24          2,387,686.79    3.0808862
June 30, 2010...........        25                  0.00    0.0000000
December 31, 2010.......        26          6,352,888.94    8.1972761
June 30, 2011...........        27                  0.00    0.0000000
December 31, 2011.......        28          6,352,888.94    8.1972761
June 30, 2012...........        29                  0.00    0.0000000
December 31, 2012.......        30          6,335,242.02    8.1745058
June 30, 2013...........        31          3,176.444.47    4.0986380
                                           -------------  -----------
TOTALS..................                   98,699,188.41  127.3537915
</TABLE>

                                      A-1
 
<PAGE>

                                   SCHEDULE B
 
<TABLE>
<CAPTION>
                           PRINCIPAL        INTEREST           TOTAL          PRINCIPAL
                            AMOUNT           AMOUNT            DEBT            AMOUNT
PAYMENT DATE                  DUE              DUE            SERVICE        OUTSTANDING
- ----------------------  ---------------  ---------------  ---------------  ---------------
<S>                     <C>              <C>              <C>              <C>
June 30, 1998.........             0.00     1,616,561.77     1,616,561.77    43,237,000.00
December 31, 1998.....       549,000.00     1,507,674.19     2,056,674.19    42,688,000.00
June 30, 1999.........             0.00     1,488,530.56     1,488,530.56    42,688,000.00
December 31, 1999.....     2,250,000.00     1,488,530.56     3,738,530.56    40,438,000.00
June 30, 2000.........             0.00     1,410,073.06     1,410,073.06    40,438,000.00
December 31, 2000.....     2,355,000.00     1,410,073.06     3,765,073.06    38,083,000.00
June 30, 2001.........             0.00     1,327,954.21     1,327,954.21    38,083,000.00
December 31, 2001.....     2,463,000.00     1,327,954.21     3,790,954.21    35,620,000.00
June 30, 2002.........             0.00     1,242,069.40     1,242,069.40    35,620,000.00
December 31, 2002.....     2,579,000.00     1,242,069.40     3,821,069.40    33,041,000.00
June 30, 2003.........             0.00     1,152,139.67     1,152,139.67    33,041,000.00
December 31, 2003.....     3,946,000.00     1,152,139.67     5,098,139.67    29,095,000.00
June 30, 2004.........             0.00     1,014,542.65     1,014,542.65    29,095,000.00
December 31, 2004.....     4,324,000.00     1,014,542.65     5,338,542.65    24,771,000.00
June 30, 2005.........             0.00       863,764.77       863,764.77    24,771,000.00
December 31, 2005.....     4,626,000.00       863,764.77     5,489,764.77    20,145,000.00
June 30, 2006.........        46,000.00       702,456.15       748,456.15    20,099,000.00
December 31, 2006.....     4,874,000.00       700,852.13     5,574,852.13    15,225,000.00
June 30, 2007.........     5,481,000.00       530,895.75     6,011,895.75     9,744,000.00
December 31, 2007.....             0.00       339,773.28       339,773.28     9,744,000.00
June 30, 2008.........     5,891,000.00       339,773.28     6,230,773.28     3,853,000.00
December 31, 2008.....             0.00       134,354.11       134,354.11     3,853,000.00
June 30, 2009.........     3,853,000.00       134,354.11     3,987,354.11             0.00
                          -------------    -------------    -------------
TOTALS................    43,237,000.00    23,004,843.41    66,241,843.41
</TABLE>
 
                                      B-1


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