10.6 First Amendment to Amended and Restated Strip Coverage Liquidity and Security Agreement


Exhibit 10.6


EXECUTION COPY


FIRST AMENDMENT TO
AMENDED AND RESTATED STRIP COVERAGE LIQUIDITY 
AND SECURTIY AGREEMENT
This FIRST AMENDMENT TO AMENDED AND RESTATED STRIP COVERAGE LIQUIDITY AND SECURITY AGREEMENT (this “Amendment”) dated as of June 30, 2014 (the “Amendment Effective Date”), is entered into between ASSURED GUARANTY MUNICIPAL CORP. (f/k/a Financial Security Assurance Inc.), a New York corporation (“FSA” or the “Borrower”), and DEXIA CRÉDIT LOCAL S.A., a French share company licensed as a bank under French law, acting through its New York branch (“DCL” or the “Lender”).
W I T N E S S E T H:
WHEREAS, the Borrower and the Lender are party to an Amended and Restated Strip Coverage Liquidity and Security Agreement dated as of July 1, 2009 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), pursuant to which the Borrower has requested the Lender, and the Lender has agreed, to extend credit to the Borrower, subject to the terms and conditions thereof; and
WHEREAS, the Borrower and the Lender desire to implement certain amendments to the Credit Agreement including, among others ̧ to (i) eliminate certain mandatory reductions of the Commitment, (ii) advance the Commitment Termination Date and (iii) reduce (during certain periods) the Commitment Commission Percentage, each subject to the terms and conditions of this Amendment;
NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Definitions.  Unless otherwise specifically defined herein, each capitalized term shall have the meaning given to such term in the Credit Agreement.  Unless otherwise indicated, any reference to a “section” is a reference to a section in the Credit Agreement.
2.    Ratification.  Except as amended hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof as in existence on the date hereof.  On and after the effectiveness hereof, any reference to the Credit Agreement (or any schedule or exhibit thereto) in any document related to the Credit Agreement (including, without limitation, the Note) shall mean the Credit Agreement (or any schedule or exhibit thereto), as amended hereby and as it may be further amended from time to time.
3.    Reduction of the Commitment Amount.  Notwithstanding the five Business Days’ notice and minimum dollar requirements of Section 3.02 of the Credit Agreement, the Borrower hereby requests, and the Lender hereby agrees, that, as of July 1, 2014, the Commitment Amount shall be reduced to $495,000,000 in accordance with Section 3.02 of the Credit Agreement.

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4.    Amendment to the Credit Agreement.  The Credit Agreement is hereby amended as follows:
(a)    Section 1.01 is hereby further amended by deleting the definition of “Commitment Termination Date” in its entirety and replacing it with the following:
‘“Commitment Termination Date’ shall mean the earliest of (a) the date a Borrower Change of Control occurs, (b) the date the Commitment Amount is reduced to zero in accordance with Section 3.02 or 10 and (c) June 30, 2024.”
(b)    Section 1.01 is hereby further amended by adding the following definition of “Consolidated Net Worth Deficiency” in appropriate alphabetical order: 
‘“Consolidated Net Worth Deficiency’ shall mean that the Borrower’s Consolidated Net Worth as of the fifth anniversary of the Financial Cutoff Date is less than the sum of (a) the Base Consolidated Net Worth plus (b) the Supplemental Consolidated Net Worth Amount as of the Initial Supplemental Calculation Date.” 
(c)    Section 2.01 is hereby amended by deleting the first and second sentences thereof in their entirety and replacing them with the following: 
“Subject to and upon the terms and conditions set forth herein, the Lender agrees, at any time and from time to time prior to, but excluding, the Commitment Termination Date, upon request of the Borrower, to make loans in Dollars to the Borrower to finance payment of Strip Policy Claims (any such loan made in Dollars by the Lender to the Borrower with respect to a Strip Policy Claim, a “Loan” and all Loans made by the Lender, the “Loans”), which Loans are to be repaid and may be prepaid in accordance with the provisions hereof; provided that the aggregate principal amount of Loans outstanding under this Agreement as of any date shall at no time exceed the Commitment Amount as of such date and shall be subject to the limitation set forth in the following sentence, and no individual Borrowing shall exceed that amount stated in the notice of claim delivered to the Borrower under the related Strip Policy (the “Notice of Claim”).  Notwithstanding anything to the contrary contained herein, amounts borrowed under this Section 2.01 may not be reborrowed.”
(d)    Section 3.01(a) is hereby amended by deleting the third sentence thereof in its entirety and replacing it with the following: 
“For purposes hereof, the “Commitment Commission Percentage” shall mean either (a) during any period when the Borrower’s Ratings are not below Baa2 by Moody’s, not below BBB by S&P and not below BBB by Fitch, 0.20% per annum or (b) during all other periods, 1.00% per annum.”
(e)    Section 3.03 is hereby amended by deleting it in its entirety and replacing it with the following:

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“3.03   Mandatory Reduction of Commitments.  (a) [Intentionally omitted.]
(b)    [Intentionally omitted.]
(c)    The Commitment of the Lender to make a Loan shall terminate in its entirety on the Commitment Termination Date.
(d)    [Intentionally omitted.]”
(f)    Section 8.01(a) is hereby amended by deleting it in its entirety and replacing it with the following:
“(a)  Quarterly Financial Statements.  (1) Within 60 days after the close of the first three quarterly accounting periods in each fiscal year of the Borrower, the consolidated balance sheet of the Borrower as at the end of such quarterly accounting period and the related consolidated statements of income and changes in shareholders’ equity for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, in each case without accompanying footnotes and setting forth figures for prior periods as and to the extent then required by GAAP, all of which shall be prepared in accordance with GAAP and shall be certified by the Treasurer, Chief Financial Officer or Chief Accounting Officer of the Borrower, subject to normal year-end audit adjustments, and (2) within 90 days after the close of the first three quarterly accounting periods in each fiscal year of the Borrower, the consolidated balance sheet of the Borrower as at the end of such quarterly accounting period and the related consolidated statements of income and changes in shareholders’ equity for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, in each case with accompanying footnotes and setting forth figures for prior periods as and to the extent then required by GAAP, all of which shall be prepared in accordance with GAAP and shall be certified by the Treasurer, Chief Financial Officer or Chief Accounting Officer of the Borrower, subject to normal year-end audit adjustments.”
(g)    Section 8.08 is hereby amended by deleting it in its entirety and replacing it with the following:
“8.08    Strip Policies.  The Borrower shall (i) use its commercially reasonable efforts to avoid the termination of any lease covered by a Strip Policy unless such termination is accompanied by cancellation without payment of the related Strip Policy (which efforts shall not include covering the obligations referenced in such Strip Policy), (ii) to the extent the Borrower has received such information in writing, promptly provide the Lender all non-confidential and non-privileged information concerning the Strip Policies as reasonably requested by the Lender, (iii) not amend any Strip Policy without the prior written consent of the Lender (which consent shall not be unreasonably withheld or delayed) and (iv) promptly provide the Lender with a list of all early terminations of a Strip Policy of which the Borrower is aware (and 

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which have not been previously notified to Lender) as may from time to time be reasonably requested by the Lender, but not more frequently than quarterly.”
(h)    Section 9.04 is hereby amended by deleting it in its entirety and replacing it with the following:
“9.04    Minimum Net Worth.  The Borrower will not permit its Consolidated Net Worth as of the end of any fiscal quarter to be less than (x) for any such quarter-end prior to the fifth anniversary of the Financial Cutoff Date, the Base Consolidated Net Worth and (y) for any such quarter-end from and after the fifth anniversary of the Financial Cutoff Date, the sum of (a) the Base Consolidated Net Worth plus (b) (i) the Supplemental Consolidated Net Worth Amount as of the most recent Subsequent Supplemental Calculation Date, in the event that there is no Consolidated Net Worth Deficiency as of the fifth anniversary of the Financial Cutoff Date or (ii) $0, in the event that there is a Consolidated Net Worth Deficiency as of the fifth anniversary of the Financial Cutoff Date.”
(i)    Section 13.07 is hereby amended by deleting it in its entirety and replacing it with the following:
“13.07    Governing Law; Submission to Jurisdiction; Venue.  THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK AND CHOICE OF LAW PROVISION OF THE UCC).  Each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction, subject matter jurisdiction and venue of any U.S. federal or state court located in The City of New York or with appellate jurisdiction thereto for the purpose of any suit, action, proceeding or judgment arising out of or relating to this Agreement.  Each of the parties hereto hereby consents to the laying of venue in any such suit, action or proceeding in New York County, New York, and hereby irrevocably waives any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum and agrees not to plead or claim the same.  Any process in any such action shall be duly served if mailed by registered mail, postage prepaid, with respect to (i) FSA and its Affiliates, at the respective addresses set forth on Schedule I attached hereto and (ii) with respect to DCL and its Affiliates, at the respective addresses set forth on Schedule I attached hereto.  DCL may appoint a process agent with an office in the State of New York by notice to FSA.  Such service may be made by mailing or delivering a copy of such process to DCL in care of the Process Agent at the Process Agent’s above address, and DCL hereby authorizes and directs the Process Agent to accept such service on its behalf. DCL may appoint a replacement Process Agent with an office in the State of New York by notice to the Borrower.”

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(j)    Section 13.13 is hereby amended by deleting it in its entirety and replacing it with the following:
“13.13    SOVEREIGN IMMUNITY.  To the extent that FSA or DCL, or any of their respective properties, assets or revenues may have or may hereafter become entitled to, or have attributed to them, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief in any respect thereof, from setoff or counterclaim, from the jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution of judgment, or from execution of judgment, or other legal process or proceeding for the giving of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection with this Agreement, FSA and DCL hereby irrevocably and unconditionally waive, and agree not to plead or claim, to the fullest extent permitted by applicable law, any such immunity and consent to such relief and enforcement.”
(k)    Schedule I is hereby deleted in its entirety and replaced with Schedule I to this Amendment.
(l)    Schedule III is hereby deleted in its entirety and replaced with Schedule II to this Amendment and the reference to Schedule III in the Table of Contents shall be amended to refer to Schedule III as the “Strip Policy Exposure Schedule”.
5.    Miscellaneous.  Each party shall bear its own costs (including, without limitation, all legal costs) in connection with the preparation, negotiation and execution of this Amendment.
6.    Governing Law.  THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK AND CHOICE OF LAW PROVISION OF THE UCC).  Each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction, subject matter jurisdiction and venue of any U.S. federal or state court located in The City of New York or with appellate jurisdiction thereto for the purpose of any suit, action, proceeding or judgment arising out of or relating to this Amendment.  Each of the parties hereto hereby consents to the laying of venue in any such suit, action or proceeding in New York County, New York, and hereby irrevocably waives any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum and agrees not to plead or claim the same.  Any process in any such action shall be duly served if mailed by registered mail, postage prepaid, with respect to (i) FSA and its Affiliates, at the respective addresses set forth on Schedule I attached to the Agreement and (ii) with respect to DCL and its Affiliates, at the respective addresses set forth on Schedule I attached to the Agreement.  DCL may appoint a process agent with an office in the State of New York by notice to the Borrower.  Such service may be made by mailing or delivering a copy of such process to DCL in care of the 

[First Amendment to Strip Liquidity Agreement]    5








Process Agent at the Process Agent’s above address, and DCL hereby authorizes and directs the Process Agent to accept such service on its behalf.  DCL may appoint a replacement Process Agent with an office in the State of New York by notice to the Borrower.
7.    SOVEREIGN IMMUNITY.  To the extent that FSA or DCL, or any of their respective properties, assets or revenues may have or may hereafter become entitled to, or have attributed to them, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief in any respect thereof, from setoff or counterclaim, from the jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution of judgment, or from execution of judgment, or other legal process or proceeding for the giving of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection with this Agreement, FSA and DCL hereby irrevocably and unconditionally waive, and agree not to plead or claim, to the fullest extent permitted by applicable law, any such immunity and consent to such relief and enforcement.
8.    WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
9.    Counterparts.  This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.  A set of counterparts executed by all the parties hereto shall be lodged with the Borrower.
10.    Headings Descriptive.  The headings of the several sections of this Amendment are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Amendment.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers as of the date first set forth above.
	
				
	 
	 
	ASSURED GUARANTY MUNICIPAL CORP.

	 
	 
	By: /s/ Bruce Stern   

	 
	 
	Name: Bruce Stern   

	 
	 
	Title:  Executive Officer   

	 
	 
	 
	 

	 
	 
	DEXIA CRÉDIT LOCAL S.A., ACTING THROUGH ITS NEW YORK BRANCH



	 
	 
	By: /s/ Guy Cools   

	 
	 
	Name: Guy Cools   

	 
	 
	Title:  General Manager   



















[First Amendment to Strip Liquidity Agreement]






Schedule I to Amendment
SCHEDULE I
OFFICE
Lender’s Office
Dexia Credit Local S.A., New York Branch 
445 Park Avenue
New York, New York 10022 
Attention: Chief Financial Officer
Facsimile: [(212) 753-5522]


With a copy to:


Dexia SA/NV
Place Rogier 11
1210 Brussels, Belgium
Attention: Secretary General 
Facsimile: +32 2 213 58 90
Email: secretarygeneral@dexia.com


and


Dexia Financial Products Services LLC
445 Park Avenue, 8th Floor
New York, New York 10022
Attention:  FP Operations
Telephone:  (212) 893-2700
Facsimile: (212) 893-2717
Email: ops@dexiafps.com


Process Agent:
Dexia Credit Local S.A., New York Branch 
445 Park Avenue
New York, New York 10022 
Attention: General Counsel 
With a copy to: 
Dexia Financial Products Services LLC
445 Park Avenue, 8th Floor
New York, New York 10022
Attention:  FP Operations
Telephone:  (212) 893-2700

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[First Amendment to Strip Liquidity Agreement]








Facsimile: (212) 893-2717
Email: ops@dexiafps.com


Borrower’s Office
Assured Guaranty Municipal Corp.
31 West 52nd Street 
New York, New York 10019
Attention:  Chief Financial Officer
with copies (which copies shall not constitute notice) to:
Assured Guaranty Municipal Corp.
31 West 52nd Street
New York, New York 10019
Attention:  Managing Director – Infrastructure Surveillance


and


Assured Guaranty US Holdings Inc.
31 West 52nd Street 
New York, New York 10019
Attention:  CFO


and


Assured Guaranty US Holdings Inc.
31 West 52nd Street
New York, New York 10019
Attention:  General Counsel


and 


Assured Guaranty Ltd.
30 Woodbourne Avenue - 5th Floor
Hamilton HM 08, Bermuda 
Attention: General Counsel



 [First Amendment to Strip Liquidity Agreement]






Schedule II to Amendment


SCHEDULE III


STRIP POLICY EXPOSURE SCHEDULE
(EXPRESSED IN U.S. DOLLARS)


	
			
	Period Beginning
	Period Ending
	Aggregate Strip Policy Exposure

	July 1, 2009
	July 31, 2009
	2,377,492,109

	August 1, 2009
	August 31, 2009
	2,376,812,775

	September 1, 2009
	September 30, 2009
	2,376,168,422

	October 1, 2009
	October 31, 2009
	2,375,413,380

	November 1, 2009
	November 30, 2009
	2,374,544,702

	December 1, 2009
	December 31, 2009
	2,373,714,427

	January 1, 2010
	January 31, 2010
	2,391,866,640

	February 1, 2010
	February 28, 2010
	2,415,436,687

	March 1, 2010
	March 31, 2010
	2,412,231,732

	April 1, 2010
	April 30, 2010
	2,410,760,494

	May 1, 2010
	May 31, 2010
	2,409,276,523

	June 1, 2010
	June 30, 2010
	2,407,671,880

	July 1, 2010
	July 31, 2010
	2,405,844,823

	August 1, 2010
	August 31, 2010
	2,403,963,179

	September 1, 2010
	September 30, 2010
	2,402,115,104

	October 1, 2010
	October 31, 2010
	2,400,165,733

	November 1, 2010
	November 30, 2010
	2,398,036,121

	December 1, 2010
	December 31, 2010
	2,395,834,754

	January 1, 2011
	January 31, 2011
	2,401,095,965

	February 1, 2011
	February 28, 2011
	2,399,507,717

	March 1, 2011
	March 31, 2011
	2,395,591,296

	April 1, 2011
	April 30, 2011
	2,392,964,434

	May 1, 2011
	May 31, 2011
	2,390,219,328

	June 1, 2011
	June 30, 2011
	2,387,375,615

	July 1, 2011
	July 31, 2011
	2,384,246,134

	August 1, 2011
	August 31, 2011
	2,381,131,664

	September 1, 2011
	September 30, 2011
	2,378,046,613

	October 1, 2011
	October 31, 2011
	2,374,838,258

	November 1, 2011
	November 30, 2011
	2,371,597,895

	December 1, 2011
	December 31, 2011
	2,368,387,110

	January 1, 2012
	January 31, 2012
	2,373,213,557

	February 1, 2012
	February 29, 2012
	2,370,220,952

	March 1, 2012
	March 31, 2012
	2,366,564,241





 [First Amendment to Strip Liquidity Agreement]








	
			
	April 1, 2012
	April 30, 2012
	2,362,654,799

	May 1, 2012
	May 31, 2012
	2,358,560,194

	June 1, 2012
	June 30, 2012
	2,354,458,849

	July 1, 2012
	July 31, 2012
	2,349,985,031

	August 1, 2012
	August 31, 2012
	2,345,631,268

	September 1, 2012
	September 30, 2012
	2,341,307,572

	October 1, 2012
	October 31, 2012
	2,327,448,554

	November 1, 2012
	November 30, 2012
	2,323,220,147

	December 1, 2012
	December 31, 2012
	2,319,028,114

	January 1, 2013
	January 31, 2013
	2,391,053,192

	February 1, 2013
	February 28, 2013
	2,388,159,364

	March 1, 2013
	March 31, 2013
	2,383,640,639

	April 1, 2013
	April 30, 2013
	2,379,043,234

	May 1, 2013
	May 31, 2013
	2,374,321,674

	June 1, 2013
	June 30, 2013
	2,369,582,350

	July 1, 2013
	July 31, 2013
	2,364,482,889

	August 1, 2013
	August 31, 2013
	2,359,503,496

	September 1, 2013
	September 30, 2013
	2,354,554,324

	October 1, 2013
	October 31, 2013
	2,349,441,052

	November 1, 2013
	November 30, 2013
	2,344,207,730

	December 1, 2013
	December 31, 2013
	2,339,263,329

	January 1, 2014
	January 31, 2014
	2,334,012,979

	February 1, 2014
	February 28, 2014
	2,318,967,724

	March 1, 2014
	March 31, 2014
	2,313,069,832

	April 1, 2014
	April 30, 2014
	2,307,562,706

	May 1, 2014
	May 31, 2014
	2,301,893,193

	June 1, 2014
	June 30, 2014
	2,296,394,768

	July 1, 2014
	July 31, 2014
	2,290,416,897

	August 1, 2014
	August 31, 2014
	2,284,725,916

	September 1, 2014
	September 30, 2014
	2,279,079,074

	October 1, 2014
	October 31, 2014
	2,273,380,556

	November 1, 2014
	November 30, 2014
	2,269,332,879

	December 1, 2014
	December 31, 2014
	2,262,022,674

	January 1, 2015
	January 31, 2015
	2,283,177,641

	February 1, 2015
	February 28, 2015
	2,242,474,987

	March 1, 2015
	March 31, 2015
	2,236,892,003

	April 1, 2015
	April 30, 2015
	2,231,005,520

	May 1, 2015
	May 31, 2015
	2,224,980,789

	June 1, 2015
	June 30, 2015
	2,219,009,464

	July 1, 2015
	July 31, 2015
	2,212,888,647

	August 1, 2015
	August 31, 2015
	2,206,692,082

	September 1, 2015
	September 30, 2015
	2,200,519,480





[First Amendment to Strip Liquidity Agreement]








	
			
	October 1, 2015
	October 31, 2015
	2,194,203,161

	November 1, 2015
	November 30, 2015
	2,187,896,298

	December 1, 2015
	December 31, 2015
	2,195,486,468

	January 1, 2016
	January 31, 2016
	2,198,525,981

	February 1, 2016
	February 29, 2016
	2,189,917,057

	March 1, 2016
	March 31, 2016
	2,182,823,128

	April 1, 2016
	April 30, 2016
	2,176,274,157

	May 1, 2016
	May 31, 2016
	2,169,531,693

	June 1, 2016
	June 30, 2016
	2,162,824,228

	July 1, 2016
	July 31, 2016
	2,155,381,625

	August 1, 2016
	August 31, 2016
	2,148,443,279

	September 1, 2016
	September 30, 2016
	2,141,608,693

	October 1, 2016
	October 31, 2016
	2,134,634,455

	November 1, 2016
	November 30, 2016
	2,127,666,481

	December 1, 2016
	December 31, 2016
	2,120,736,261

	January 1, 2017
	January 31, 2017
	2,108,861,399

	February 1, 2017
	February 28, 2017
	2,082,606,516

	March 1, 2017
	March 31, 2017
	2,075,209,676

	April 1, 2017
	April 30, 2017
	2,067,053,201

	May 1, 2017
	May 31, 2017
	2,059,264,166

	June 1, 2017
	June 30, 2017
	2,051,494,059

	July 1, 2017
	July 31, 2017
	2,043,431,019

	August 1, 2017
	August 31, 2017
	2,035,278,901

	September 1, 2017
	September 30, 2017
	2,027,015,350

	October 1, 2017
	October 31, 2017
	2,018,457,734

	November 1, 2017
	November 30, 2017
	2,009,775,411

	December 1, 2017
	December 31, 2017
	2,000,991,526

	January 1, 2018
	January 31, 2018
	1,981,502,007

	February 1, 2018
	February 28, 2018
	1,958,852,315

	March 1, 2018
	March 31, 2018
	1,951,174,577

	April 1, 2018
	April 30, 2018
	1,942,912,963

	May 1, 2018
	May 31, 2018
	1,934,894,489

	June 1, 2018
	June 30, 2018
	1,927,018,421

	July 1, 2018
	July 31, 2018
	1,916,705,996

	August 1, 2018
	August 31, 2018
	1,908,837,507

	September 1, 2018
	September 30, 2018
	1,900,989,624

	October 1, 2018
	October 31, 2018
	1,892,971,066

	November 1, 2018
	November 30, 2018
	1,884,868,399

	December 1, 2018
	December 31, 2018
	1,876,869,329

	January 1, 2019
	January 31, 2019
	1,862,747,846

	February 1, 2019
	February 28, 2019
	1,834,882,736

	March 1, 2019
	March 31, 2019
	1,827,371,695





[First Amendment to Strip Liquidity Agreement]








	
			
	April 1, 2019
	April 30, 2019
	1,819,199,016

	May 1, 2019
	May 31, 2019
	1,785,573,164

	June 1, 2019
	June 30, 2019
	1,777,653,245

	July 1, 2019
	July 31, 2019
	1,743,946,231

	August 1, 2019
	August 31, 2019
	1,735,844,020

	September 1, 2019
	September 30, 2019
	1,727,749,039

	October 1, 2019
	October 31, 2019
	1,693,869,483

	November 1, 2019
	November 30, 2019
	1,685,686,214

	December 1, 2019
	December 31, 2019
	1,677,250,463

	January 1, 2020
	January 31, 2020
	1,635,906,777

	February 1, 2020
	February 29, 2020
	1,623,772,843

	March 1, 2020
	March 31, 2020
	1,615,333,656

	April 1, 2020
	April 30, 2020
	1,606,883,051

	May 1, 2020
	May 31, 2020
	1,598,439,510

	June 1, 2020
	June 30, 2020
	1,590,084,231

	July 1, 2020
	July 31, 2020
	1,581,738,806

	August 1, 2020
	August 31, 2020
	1,573,377,394

	September 1, 2020
	September 30, 2020
	1,565,020,916

	October 1, 2020
	October 31, 2020
	1,556,687,289

	November 1, 2020
	November 30, 2020
	1,548,435,782

	December 1, 2020
	December 31, 2020
	1,540,191,390

	January 1, 2021
	January 31, 2021
	1,524,342,357

	February 1, 2021
	February 28, 2021
	1,514,462,871

	March 1, 2021
	March 31, 2021
	1,506,372,431

	April 1, 2021
	April 30, 2021
	1,497,425,994

	May 1, 2021
	May 31, 2021
	1,488,839,391

	June 1, 2021
	June 30, 2021
	1,480,261,546

	July 1, 2021
	July 31, 2021
	1,471,613,786

	August 1, 2021
	August 31, 2021
	1,462,937,886

	September 1, 2021
	September 30, 2021
	1,454,264,038

	October 1, 2021
	October 31, 2021
	1,445,538,304

	November 1, 2021
	November 30, 2021
	1,436,822,576

	December 1, 2021
	December 31, 2021
	1,428,111,369

	January 1, 2022
	January 31, 2022
	1,409,870,671

	February 1, 2022
	February 28, 2022
	1,396,865,299

	March 1, 2022
	March 31, 2022
	1,388,508,493

	April 1, 2022
	April 30, 2022
	1,379,192,163

	May 1, 2022
	May 31, 2022
	1,370,292,953

	June 1, 2022
	June 30, 2022
	1,361,399,447

	July 1, 2022
	July 31, 2022
	1,352,499,972

	August 1, 2022
	August 31, 2022
	1,343,539,596

	September 1, 2022
	September 30, 2022
	1,334,578,771





[First Amendment to Strip Liquidity Agreement]








	
			
	October 1, 2022
	October 31, 2022
	1,324,146,768

	November 1, 2022
	November 30, 2022
	1,314,669,010

	December 1, 2022
	December 31, 2022
	1,305,839,484

	January 1, 2023
	January 31, 2023
	1,278,862,964

	February 1, 2023
	February 28, 2023
	1,267,881,882

	March 1, 2023
	March 31, 2023
	1,254,823,047

	April 1, 2023
	April 30, 2023
	1,246,055,784

	May 1, 2023
	May 31, 2023
	1,237,841,489

	June 1, 2023
	June 30, 2023
	1,229,677,115

	July 1, 2023
	July 31, 2023
	1,221,573,826

	August 1, 2023
	August 31, 2023
	1,213,417,516

	September 1, 2023
	September 30, 2023
	1,205,325,436

	October 1, 2023
	October 31, 2023
	1,197,337,628

	November 1, 2023
	November 30, 2023
	1,189,381,212

	December 1, 2023
	December 31, 2023
	1,181,545,972

	January 1, 2024
	January 31, 2024
	1,159,066,086

	February 1, 2024
	February 29, 2024
	1,151,089,124

	March 1, 2024
	March 31, 2024
	1,142,724,470

	April 1, 2024
	April 30, 2024
	1,134,342,071

	May 1, 2024
	May 31, 2024
	1,125,942,322

	June 1, 2024
	June 30, 2024
	1,117,546,032







[First Amendment to Strip Liquidity Agreement]