0001140361-12-047093.txt : 20121114 0001140361-12-047093.hdr.sgml : 20121114 20121114121228 ACCESSION NUMBER: 0001140361-12-047093 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEAF Equipment Finance Fund 4, L.P. CENTRAL INDEX KEY: 0001426850 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350] IRS NUMBER: 611552209 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53667 FILM NUMBER: 121202381 BUSINESS ADDRESS: STREET 1: 110 S. POPLAR STREET, SUITE 101 CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 800-819-5556 MAIL ADDRESS: STREET 1: 110 S. POPLAR STREET, SUITE 101 CITY: WILMINGTON STATE: DE ZIP: 19809 10-Q 1 form10q.htm LEAF EQUIPMENT FINANCE FUND 4, LP 10-Q 9-30-2012 form10q.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q
 
(Mark One)
x
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended September 30, 2012
 
OR
 
¨
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from   to  
 
Commission file number 000-53667
 

LEAF EQUIPMENT FINANCE FUND 4, L.P.
(Exact Name of Registrant as Specified in Its Charter)

 
Delaware
 
61-1552209
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
 
110 South Poplar Street, Suite 101, Wilmington Delaware 19801
(Address of principal executive offices) (Zip Code)
 
(800) 819-5556
(Registrant’s telephone number, including area code)
 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x Yes     ¨ No
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every interactive data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   x Yes      ¨ No
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
 
Large accelerated filer   ¨
 
Accelerated filer
¨
       
Non-accelerated filer     ¨
(Do not check if a smaller reporting company)
Smaller Reporting Company
x
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes     x No
 
There is no public market for the Registrant’s securities.
 


 
1

 
 
LEAF EQUIPMENT FINANCE FUND 4, L.P.
INDEX TO QUARTERLY REPORT
ON FORM 10-Q
 
PART I
FINANCIAL INFORMATION
PAGE
ITEM 1.
3
  3
  4
  5
  6
  7
ITEM 2.
15
ITEM 3.
24
ITEM 4.
24
     
PART II
OTHER INFORMATION
 
ITEM 6.
25
     
  26
 
 
2

 
PART I. FINANCIAL INFORMATION

LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
(In thousands)

   
September 30,
       
   
2012
   
December 31,
 
   
(Unaudited)
   
2011
 
ASSETS
           
Cash
  $ 214     $ 405  
Restricted cash
    12,319       19,202  
Investment in leases and loans, net
    112,254       184,938  
Deferred financing costs, net
    1,571       2,629  
Other assets
    88       217  
Total assets
  $ 126,446     $ 207,391  
                 
LIABILITIES AND PARTNERS’ (DEFICIT) CAPITAL
               
Liabilities:
               
Debt
  $ 90,405     $ 157,911  
Accounts payable, accrued expenses and other liabilities
    1,050       1,143  
Due to affiliates
    1,436       190  
Subordinated notes payable
    9,355       9,355  
Total liabilities
    102,246       168,599  
                 
Commitments and contingencies (note 11)
               
                 
Partners’ (Deficit) Capital:
               
General partner
    (860 )     (716 )
Limited partners
    24,732       39,027  
Total partners' capital
    23,872       38,311  
Noncontrolling interest
    328       481  
Total capital
    24,200       38,792  
Total liabilities and capital
  $ 126,446     $ 207,391  
 
The accompanying notes are an integral part of these consolidated financial statements.
 
 
3

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
(In thousands, except unit and per unit data)
(Unaudited)

   
Three Months Ended
September 30,
   
Nine Months Ended
 September 30,
 
   
2012
   
2011
   
2012
   
2011
 
Revenues:
                       
Interest on equipment financings
  $ 2,144     $ 4,212     $ 7,214     $ 14,874  
Rental income
    275       604       1,081       1,964  
Gains on sale of equipment and lease dispositions, net
    217       360       958       1,273  
Gain on extinguishment of debt
    -       -       -       13,677  
Other income
    144       277       718       831  
      2,780       5,453       9,971       32,619  
                                 
Expenses:
                               
Interest expense
    3,090       4,725       9,880       16,937  
Depreciation on operating leases
    123       474       730       1,568  
Provision for credit losses
    2,308       3,089       8,252       12,293  
General and administrative expenses
    213       256       891       1,152  
Administrative expenses reimbursed to affiliate
    273       609       993       1,983  
Loss on derivative activities
    -       -       -       126  
      6,007       9,153       20,746       34,059  
Net loss
    (3,227 )     (3,700 )     (10,775 )     (1,440 )
Less: Net loss (income) attributable to the noncontrolling interest
    56       22       153       (27 )
Net loss attributable to LEAF 4 partners
  $ (3,171 )   $ (3,678 )   $ (10,622 )   $ (1,467 )
Net loss allocated to LEAF 4's limited partners
  $ (3,139 )   $ (3,641 )   $ (10,516 )   $ (1,452 )
Weighted average number of limited partner units outstanding during the period
    1,259,537       1,259,537       1,259,537       1,259,537  
                                 
Net loss per weighted average limited partner unit
  $ (2.49 )   $ (2.89 )   $ (8.35 )   $ (1.15 )
 
The accompanying notes are an integral part of these consolidated financial statements.
 
 
4

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
(In thousands, except unit data)
(Unaudited)
 
   
General
         
Total Partners’
   
Non-
   
Total
 
   
Partner
   
Limited Partners
   
(Deficit)
   
Controlling
   
(Deficit)
 
   
Amount
   
Units
   
Amount
   
Capital
   
Interest
   
Capital
 
Balance, at January 1, 2012
  $ (716 )     1,259,537     $ 39,027     $ 38,311     $ 481     $ 38,792  
Cash distributions paid
    (38 )     -       (3,779 )     (3,817 )     -       (3,817 )
Net loss
    (106 )     -       (10,516 )     (10,622 )     (153 )     (10,775 )
Balance, September 30, 2012
  $ (860 )     1,259,537     $ 24,732     $ 23,872     $ 328     $ 24,200  
 
The accompanying notes are an integral part of this consolidated financial statement.
 
 
5

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
(In thousands)
(Unaudited)

   
Nine Months Ended September 30,
 
   
2012
   
2011
 
Cash flows from operating activities:
           
Net loss
  $ (10,775 )   $ (1,440 )
Adjustments to reconcile net loss to net cash provided by operating activities:
               
Gain on extinguishment of debt
    -       (13,677 )
Gains on sale of equipment and lease dispositions, net
    (958 )     (1,273 )
Amortization of deferred charges and discount on debt
    5,470       9,532  
Depreciation on operating leases
    730       1,568  
Provision for credit losses
    8,252       12,293  
Loss on derivative hedging activities
    -       166  
Changes in operating assets and liabilities:
               
Other assets
    129       (33 )
Accounts payable, accrued expenses, and other liabilities
    (93 )     267  
Due to affiliates
    1,246       45  
Net cash provided by operating activities
    4,001       7,448  
                 
Cash flows from investing activities:
               
Purchases of leases and loans
    (384 )     (411 )
Proceeds from leases and loans
    65,277       102,935  
Security deposits returned, net of collections
    (1,511 )     (1,602 )
Net cash provided by investing activities
    63,382       100,922  
                 
Cash flows from financing activities:
               
Borrowings of  debt
    -       90,041  
Repayment of  debt
    (70,628 )     (193,920 )
Decrease in restricted cash
    6,883       4,309  
Increase in deferred financing costs
    (12 )     (1,756 )
Termination of financial derivatives
    -       (2,875 )
Cash distributions to partners
    (3,817 )     (3,817 )
Net cash used in financing activities
    (67,574 )     (108,018 )
                 
(Decrease) increase in cash
    (191 )     352  
Cash, beginning of period
    405       394  
Cash, end of period
  $ 214     $ 746  
                 
Cash paid for interest
  $ 4,471     $ 7,325  
 
The accompanying notes are an integral part of these consolidated financial statements.
 
 
6


LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
September 30, 2012
(Unaudited)
 
NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS
 
LEAF Equipment Finance Fund 4, L.P. (“LEAF 4” or the “Fund”), a Delaware limited partnership, was formed on January 25, 2008 by its general partner, LEAF Asset Management, LLC (the “General Partner”), which manages the Fund. The General Partner is a Delaware limited liability company and a subsidiary of Resource America, Inc. (“RAI”). RAI is a publicly traded company (NASDAQ: REXI) that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its commercial finance, real estate and financial fund management segments. Through its offering termination date of October 30, 2009, the Fund raised $125.7 million by selling 1.2 million of its limited partner units. It commenced operations in September 2008.
 
The Fund is expected to have a minimum of a nine-year life, consisting of an offering period of up to two years, a five-year reinvestment period and a subsequent maturity period of two years, during which the Fund’s leases and secured loans will either mature or be sold. In the event the Fund is unable to sell its leases and loans during the maturity period, the Fund expects to continue to return capital to its partners as those leases and loans mature. All of the Fund’s leases and loans mature by the end of 2032. The Fund expects to enter its maturity period beginning in October 2014. Contractually, the Fund will terminate on December 31, 2032, unless sooner dissolved or terminated as provided in the Limited Partnership Agreement (the “Partnership Agreement”).
 
The Fund acquires diversified portfolios of equipment to finance to end users throughout the United States as well as the District of Columbia and Puerto Rico. The Fund also acquires existing portfolios of equipment subject to existing financings from other equipment finance companies, primarily an affiliate of its General Partner. The primary objective of the Fund is to generate regular cash distributions to its partners from its equipment finance portfolio over the life of the Fund.
 
In addition to its 1% general partnership interest, the General Partner has also invested $1.0 million for a 0.85% limited partnership interest in the Fund.
 
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Basis of Presentation
 
The consolidated financial statements include the accounts of the Fund and its wholly owned subsidiary LEAF Receivables Funding 4, LLC. The consolidated financial statements also include LEAF Funds Joint Venture 2, LLC (“LEAF Funds JV2”) and its subsidiaries LEAF Commercial Finance Fund, LLC (LCFF) and LEAF Receivables Funding 6, LLC, as well as LEAF Funding, LLC (“LEAF Funds JV1”) and its wholly owned subsidiaries LEAF Capital Funding III, LLC and LEAF Receivables Funding II, LLC. The Fund maintains a 98%, and 96% ownership interest in LEAF Funds JV2 and LEAF Funds JV1, respectively. All intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited financial statements reflect all adjustments that are, in the opinion of management, of a normal and recurring nature and necessary for a fair statement of the Fund’s financial position as of September 30, 2012, and the results of its operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of results of the Fund’s operations for the 2012 fiscal year. The financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting.  Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to those rules and regulations. These interim financial statements should be read in conjunction with the Fund’s financial statements and notes thereto presented in the Fund’s Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on March 28, 2012.

The Fund has evaluated subsequent events through the date the financial statements were issued.  As described further in note 6, the Fund amended the indenture and servicing agreement on the 2010-3 Term Securitization on October 15, 2012.  The effective date of these amendments was July 31, 2012.
 
 
7

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)
 
Use of Estimates
 
Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for credit losses and the estimated unguaranteed residual values of leased equipment, among others. The Fund bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Investments in Commercial Finance Assets
 
The Fund’s investments in commercial finance assets consist of direct financing leases, operating leases, and loans.
 
Direct Financing Leases. Certain of the Fund’s lease transactions are accounted for as direct financing leases (as distinguished from operating leases). Such leases transfer substantially all benefits and risks of equipment ownership to the customer. The Fund’s investment in direct financing leases consists of the sum of the total future minimum lease payments receivable and the estimated unguaranteed residual value of leased equipment, less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted payments plus the estimated unguaranteed residual value expected to be realized at the end of the lease term over the cost of the related equipment.
 
Unguaranteed residual value represents the estimated amount to be received at lease termination from lease extensions or ultimate disposition of the leased equipment. The estimates of residual values are based upon the General Partner’s history with regard to the realization of residuals, available industry data and the General Partner’s experience with respect to comparable equipment. The estimated residual values are recorded as a component of investments in leases. Residual values are reviewed periodically to determine if the current estimate of the equipment’s fair market value appears to be below its recorded estimate. If required, residual values are adjusted downward to reflect adjusted estimates of fair market values. Upward adjustments to residual values are not permitted.
 
Operating Leases. Leases not meeting the criteria to be classified as direct financing leases are deemed to be operating leases. Under the accounting for operating leases, the cost of the leased equipment, including acquisition fees associated with lease placements, is recorded as an asset and depreciated on a straight-line basis over the equipment’s estimated useful life, generally up to seven years. Rental income consists primarily of monthly periodic rental payments due under the terms of the leases. The Fund recognizes rental income on a straight line basis.
 
A review for impairment of operating leases is performed whenever events or changes in circumstances indicate that the carrying amount of the operating leases may not be recoverable.  The Fund writes down its rental equipment to its estimated net realizable value when it is probable that its carrying amount exceeds its fair value and the excess can be reasonably estimated; gains are only recognized upon actual sale of the rental equipment.
 
Loans. For term loans, the investment in loans consists of the sum of the total future minimum loan payments receivable less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted loan payments over the cost of the loan. For all other loans, interest income is recorded at the stated rate on the accrual basis to the extent that such amounts are expected to be collected.
 
Allowance for Credit Losses. The Fund evaluates the adequacy of the allowance for credit losses (including investments in leases and loans) based upon, among other factors, management’s historical experience on the portfolios it manages, an analysis of contractual delinquencies, economic conditions and trends and equipment finance portfolio characteristics, adjusted for expected recoveries.  In evaluating historic performance of the Fund’s leases and loans, the Fund performs a migration analysis, which estimates the likelihood that an account progresses through delinquency stages to ultimate charge-off unless individually reviewed for impairment.  In an individual review for impairment the Fund considers the loans performance, probability of repayment, and general and local economic conditions when assessing whether impairment is necessary.
 
Income is not recognized on leases and loans when a default on payment exists for a period of 90 days or more. Generally, income recognition resumes when a lease or loan becomes less than 90 days delinquent. Fees from delinquent payments are recognized when received and are included in other income. After an account becomes 180 or more days past due, any remaining balance is fully-reserved less an estimated recovery amount.
 
Other Income

Other income includes miscellaneous fees charged by the Fund such as late fee income, among others.    The Fund recognizes late fee income as fees are collected. Late fee income was $129,000 and $655,000, respectively, for the three and nine months ended September 30, 2012 and $233,000 and $717,000, respectively, for the three and nine months ended September 30, 2011.
 
 
8

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)
 
Recent Accounting Standards
 
Accounting Standards Recently Adopted

Comprehensive Income - In June 2011, the FASB issued an amendment to eliminate the option to present components of other comprehensive income as part of the statement of changes in equity.  The amendment requires that all non-owner changes in equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In the two-statement approach, the first statement should present total net income and its components followed consecutively by a second statement that should present total other comprehensive income, the components of other comprehensive income, and the total of comprehensive income. The Fund adopted the two-statement approach for the period beginning January 1, 2012.  However, adoption of this standard did not impact the Fund’s financial statements for the three and nine months ending September 30, 2012 as the Fund had no items of other comprehensive income.

Fair Value Measurements - In May 2011, the FASB issued an amendment to revise the wording used to describe the requirements for measuring fair value and for disclosing information about fair value measurements. For many of the requirements, the FASB does not intend for the amendments to result in a change in the application of the current requirements. Some of the amendments clarify the FASB’s intent about the application of existing fair value measurement requirements, such as specifying that the concepts of highest and best use and valuation premise in a fair value measurement are relevant only when measuring the fair value of nonfinancial assets. Other amendments change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements such as specifying that, in the absence of a Level 1 input, a reporting entity should apply premiums or discounts when market participants would do so when pricing the asset or liability. This guidance was adopted by the Fund for the period beginning January 1, 2012 and did not significantly impact the Fund’s consolidated financial statements.
 
NOTE 3 – INVESTMENT IN LEASES AND LOANS
 
The Fund’s investment in leases and loans, net, consists of the following (in thousands):
 
   
September 30,
   
December 31,
 
   
2012
   
2011
 
Direct financing leases (1)
  $ 32,801     $ 56,654  
Loans (2)
    83,301       130,788  
Operating leases
    523       1,645  
Future payment card receivables
    -       261  
      116,625       189,348  
Allowance for credit losses
    (4,371 )     (4,410 )
    $ 112,254     $ 184,938  
 

 
(1)
The Fund’s direct financing leases are for initial lease terms generally ranging from 24 to 120 months.
 
(2)
The interest rates on loans generally range from 7% to 16%.

 
9

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)

The components of direct financing leases and loans, net, are as follows (in thousands):

   
September 30,
   
December 31,
 
   
2012
   
2011
 
   
Leases
   
Loans
   
Leases
   
Loans
 
Total future minimum lease payments
  $ 32,221     $ 91,203     $ 58,450     $ 145,038  
Unearned income
    (1,851 )     (6,424 )     (4,215 )     (11,817 )
Residuals, net of unearned residual income (1)
    2,739       -       3,256       -  
Security deposits
    (308 )     (1,478 )     (837 )     (2,433 )
    $ 32,801     $ 83,301     $ 56,654     $ 130,788  


 
(1)
Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment.
 
The Fund’s investment in operating leases, net, consists of the following (in thousands):
 
   
September 30,
   
December 31,
 
   
2012
   
2011
 
Equipment
  $ 3,980     $ 6,998  
Accumulated depreciation
    (3,457 )     (5,353 )
    $ 523     $ 1,645  
 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

The following table is an age analysis of the Fund’s receivables from leases and loans (presented gross of allowance for credit losses of $4.4 million for each period) as of September 30, 2012 and December 31, 2011, respectively (in thousands):
 
   
September 30, 2012
   
December 31, 2011
 
Age of receivable
 
Investment in
leases and loans
   
%
   
Investment in
leases and loans
   
%
 
Current (a)
  $ 113,043       96.9 %   $ 183,187       96.7 %
Delinquent:
                               
31 to 91 days past due
    2,541       2.2 %     4,118       2.2 %
Greater than 91 days (b)
    1,041       0.9 %     2,043       1.1 %
    $ 116,625       100.0 %   $ 189,348       100.0 %
 

 
(a)
Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due.
 
(b)
Balances in this age category are collectively evaluated for impairment.

 
10


LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)

The Fund had $20.9 million and $26.8 million of leases and loans on nonaccrual status as of September 30, 2012 and December 31, 2011, respectively.  The credit quality of the Fund’s investment in leases and loans as of September 30, 2012 and December 31, 2011 are as follows (in thousands):
 
   
September 30,
2012
   
December 31,
2011
 
Performing
  $ 95,682     $ 162,548  
Nonperforming
    20,943       26,800  
    $ 116,625     $ 189,348  
 
The Company’s investments in non-performing leases and loans as of September 30, 2012 and December 31, 2011 were collectively evaluated for impairment, except for certain asset backed loans that were individually evaluated for impairment. The following table summarizes the activity in the allowance for credit losses (in thousands):
 
   
Three Months Ended 
September 30,
   
Nine Months Ended
September 30,
 
   
2012
   
2011
   
2012
   
2011
 
Allowance for credit losses, beginning of period
  $ 4,630     $ 6,510     $ 4,410     $ 9,854  
Provision for credit losses
    2,308       3,089       8,252       12,293  
Charge-offs
    (2,817 )     (5,431 )     (9,193 )     (18,804 )
Recoveries
    250       751       902       1,576  
Allowance for credit losses end of period
  $ 4,371     $ 4,919     $ 4,371     $ 4,919  
                                 
Allowance for credit losses:
  $ 3,580     $ -     $ 3,580     $ -  
Ending balance, individually evaluated for impairment
                               
Ending balance, collectively evaluated for impairment
    791       4,919       791       4,919  
Balance, end of year
  $ 4,371     $ 4,919     $ 4,371     $ 4,919  
                                 
Recorded investment  in leases and term loans:
  $ 19,902     $ 25,179     $ 19,902     $ 25,179  
Ending balance, individually evaluated for impairment
                               
Ending balance, collectively evaluated for impairment
    96,723       198,640       96,723       198,640  
Balance, end of year
  $ 116,625     $ 223,819     $ 116,625     $ 223,819  
 
NOTE 5 – DEFERRED FINANCING COSTS
 
As of September 30, 2012 and December 31, 2011, deferred financing costs include $1.6 million and $2.6 million, respectively, of unamortized deferred financing costs which are being amortized over the terms of the estimated life of the related debt. Accumulated amortization as of September 30, 2012 and December 31, 2011 was $4.2 million, and $3.1 million, respectively.
 
 
11

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)
 
NOTE 6 –DEBT
 
The Fund’s debt consists of the following (in thousands):
 
                 
December 31,
 
 
September 30, 2012
   
2011
 
     
Outstanding
   
Interest rate per
   
Outstanding
 
 
Type
 
Balance (1) (2)
   
annum
   
Balance
 
2011-1 Term Securitization
Term
  $ 34,096    
1.7% to 5.5%
    $ 56,205  
2010-1 Term Securitization
Term
    10,545       5.00 %     21,825  
2010-3 Term Securitization
Term
    45,764    
3.5% to 5.5%
      79,881  
      $ 90,405             $ 157,911  


 
(1)
These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund’s term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.
 
(2)
The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively.

Series 2011-1 Term Securitization.  On January 26, 2011, a previous lender was paid-off with the proceeds from the 2011-1 Term Securitization (The “2011-1Term Securitization”) in which six classes of asset-backed notes were issued that  have varying maturity dates ranging  from December 2018 to December 2023. The asset-backed notes totaled $96.0 million and bear interest at fixed, stated rates ranging from 1.7% to 5.5% and were issued at an original discount of approximately $6.2 million.  As a result of the retirement of the previous term loan, the Fund recognized a gain on extinguishment of debt of $13.7 million.

Series 2010-1 Term Securitization.  On May 18, 2010 three classes of asset-backed notes were issued (The “2010-1 Term Securitization”), one that matures on October 23, 2016 and two that mature on September 23, 2018, respectively. The asset-backed notes total $92.7 million and bear interest at a fixed, stated rate of 5% and were issued at an original discount of $6.5 million.

Series 2010-3 Term Securitization.  On August 17, 2010 five classes of asset-backed notes were issued (The “2010-3 Term Securitization”), one that matures on June 20, 2016 and 4 that mature on February 20, 2022, respectively. The asset-backed notes total $171.4 million and bear interest at fixed, stated rates ranging from 3.5% to 5.5% and were issued at an original discount of $3.7 million.

The Fund’s securitizations are serviced by an affiliate of the Fund’s General Partner (the “Servicer”).  If the Servicer or the Fund’s portfolio does not comply with certain requirements, then the noteholders have the right to replace the Servicer.  The portfolios of the 2010-1 Term Securitization and 2010-3 Term Securitization exceeded the cumulative net loss percentage permitted in April 2012.  The servicing agreements were amended effective July 31, 2012 to increase the cumulative net loss percentages and as a result the portfolios were in compliance with these agreements as of September 30, 2012.  In addition, the servicing agreements and the indentures on these facilities were amended to establish an additional reserve account to be funded by cash flows on leases and loans that will be used by the trustee as additional collateral.

This event does not constitute an event of default on the 2010-1 Term Securitization or the 2010-3 Term Securitization.  Additionally, the Fund is not, nor has been, delinquent on any payments owed to the noteholders.
 
 
12


LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)
 
Debt Repayments:  Excluding $3.9 million of  remaining unamortized discount on the term securitizations, estimated annual principal payments on the Fund’s aggregate borrowings over the next five annual periods ended September 30, and thereafter, are as follows (in thousands):
 
September 30, 2013
  $ 45,342  
September 30, 2014
    26,254  
September 30, 2015
    11,073  
September 30, 2016
    5,762  
September 30, 2017
    4,097  
Thereafter
    1,728  
    $ 94,256  
 
NOTE 7 – SUBORDINATED NOTES PAYABLE
 
LCFF has $9.4 million of 8.25% secured subordinated promissory notes (the “Notes”) outstanding, which are recourse to LCFF only. The Notes were issued to private investors and require interest only payments until their maturity in February 2015. LCFF may call or redeem the Notes, in whole or in part, at any time during the interest only period.
 
Covenants:  The Notes are subject to various covenants as set forth in their indenture, including an interest coverage ratio test, which LCFF was not in compliance with as of September 30, 2012.  LCFF notified the Trustee of this breach in April 2012.  As a result, the noteholders have the right to declare an event of default, which to date has not occurred.  If the noteholders would declare an event of default they have various rights and remedies available to them including (1) the right to declare all amounts currently outstanding under the Notes as immediately due and payable; (2) the right to take immediate possession of the assets of LCFF; and (3) the right to sell or otherwise dispose of the assets of LCFF in their current condition.  If the noteholders choose to repossess and sell LCFF’s assets, such a sale of a portfolio could be at prices lower than its carrying value, which could result in losses to the Fund. At September 30, 2012, LCFF had approximately $50.1 million in commercial finance assets, of which $34.1 million had been pledged as collateral on the 2011-1 Term Securitization.
 
Notwithstanding the foregoing, LCFF is not, nor has been, delinquent on any payments of interest owed to the noteholders.
 
NOTE 8 – DERIVATIVE INSTRUMENTS
 
Since the completion of the 2011-1 Term Securitization in January 2011 all of the Fund’s debt is on a fixed-rate basis which generally mitigates the Fund’s exposure to floating-rate interest rate risk on its borrowings.  Accordingly, the Fund no longer purchases or owns derivative instruments.

Prior to termination of the Fund’s interest rate swaps, the Fund recognized changes in fair value of its derivatives in mark to market changes on derivative liabilities on the accompanying statement of operations.  The Fund incurred a loss on mark to market changes on derivative liabilities of $126,000 for the nine month period ended September 30, 2011.
 
NOTE 9 – FAIR VALUE MEASUREMENT
 
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the measurement date (exit price). U.S. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement in its entirety.
 
 
Level 1 – Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
 
 
Level 2 – Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
 
 
13

 
LEAF EQUIPMENT FINANCE FUND 4, L.P. AND SUBSIDIARIES
Notes To Consolidated Financial Statements– (Continued)
September 30, 2012
(Unaudited)

 
 
Level 3 – Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
 
There were no assets or liabilities measured at fair value at September 30, 2012 or December 31, 2011.
 
The Fund is also required to disclose the fair value of financial instruments not measured at fair value for which it is practicable to estimate that value.  For cash, restricted cash, receivables, and payables, the carrying amounts approximate fair value because of the short term maturity of these instruments. At December 31, 2011, the carrying value of debt approximated fair value as interest rates were comparable to current market rates.
 
Subsequent to the adoption of Accounting Standards Update 2011-04 (“ASU 2011-04”), the Fund is also required to disclose the methods used to estimate fair value on financial instruments not measured at fair value and the level within the fair value hierarchy that those fair value measurements are categorized. The carrying value and fair value of the Fund’s debt at September 30, 2012 is as follows:
 
         
Fair Value Measuring Using
   
Liabilities
 
   
Carrying Value
   
Level 1
   
Level 2
   
Level 3
   
At Fair Value
 
Debt, at September 30, 2012
  $ 90,405     $ -     $ 87,385     $ -     $ 87,385  
                                         
 
The fair value of the debt at September 30, 2012 was determined using quoted prices obtained from a broker-dealer as of the measurement date.
 
NOTE 10 – CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES
 
The Fund relies on the General Partner and its affiliates to manage the Fund’s operations and pays the General Partner or its affiliates fees to manage the Fund in accordance with the Partnership Agreement. The following is a summary of fees and costs of services and materials charged by the General Partner or its affiliates (in thousands):
 
   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
   
2012
   
2011
   
2012
   
2011
 
Administrative expenses
  $ 273     $ 609     $ 993     $ 1,983  
Management fees
    -       -       -       -  
 
Administrative Expenses. The General Partner and its affiliates are reimbursed by the Fund for administrative services reasonably necessary to operate the Fund which do not exceed the General Partner’s actual cost of those services.
 
Management Fees. Pursuant to the Partnership Agreement, the General Partner is entitled to receive a subordinated annual asset management fee equal to 4% of gross rental payments for operating leases or 2% for full payout leases or a competitive fee, whichever is less. During the Fund’s five-year investment period, the management fees will be subordinated to the payment to the Fund’s limited partners of a cumulative annual distribution of 8.5% of their capital contributions, as adjusted by distributions deemed to be a return of capital.  The General Partner has waived all future management fees.  Approximately $1.4 million of management fees were waived for the nine month period ended September 30, 2012 and $6.1 million have been waived on a cumulative basis.
 
Due to Affiliates. Due to affiliates includes amounts due to the General Partner and its affiliates related to acquiring and managing portfolios of equipment, management fees and reimbursed expenses.
 
NOTE 11 – COMMITMENTS AND CONTINGENCIES
 
The Fund is party to various routine legal proceedings arising out of the ordinary course of its business. Management believes that none of these actions, individually or in the aggregate, will have a material adverse effect on the Fund’s financial condition or results of operations.
 
 
14

 

When used in this Form 10-Q, the words “believes” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties more particularly described in other documents filed with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release the results of any revisions to forward-looking statements which we may make to reflect events or circumstances after the date of this Form 10-Q or to reflect the occurrence of unanticipated events.

The following discussion provides an analysis of our operating results, an overview of our liquidity and capital resources and other items related to us. The following discussion and analysis should be read in conjunction with (i) the accompanying interim financial statements and related notes and (ii) our consolidated financial statements, related notes, and management’s discussion and analysis of financial condition and results of operations included in our Annual Report on Form 10-K for the year ended December 31, 2011.
 
As used herein, the terms “we,” “us,” or “our” refer to LEAF Equipment Finance Fund 4, L.P. and its subsidiaries.

Business
 
We are a Delaware limited partnership formed on January 25, 2008 by our general partner, LEAF Asset Management, LLC (the “General Partner”), which, along with its affiliates, manages us. Our General Partner is a Delaware limited liability company and a subsidiary of Resource America, Inc. (“RAI”). RAI is a publicly-traded company (NASDAQ: REXI) that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its commercial finance, real estate and financial fund management segments. Our offering period began on August 12, 2008. Through our offering termination date of October 30, 2009, we raised $125.7 million by selling 1.2 million of our limited partner units. We commenced operations in September 2008.

We expect to have a minimum of a nine-year life, consisting of an offering period of up to two years, a five year reinvestment period and a subsequent maturity period of two years, during which our leases and secured loans will either mature or be sold. In the event we are unable to sell our leases and loans during the maturity period, we expect to continue to return capital to our partners as those leases and loans mature. All of our leases and loans mature by the end of 2032. We expect to enter our maturity period beginning in October 2014. We will terminate on December 31, 2032, unless sooner dissolved or terminated as provided in the Partnership Agreement.

We acquire a diversified portfolio of new, used or reconditioned equipment that we lease to third parties. We also acquire portfolios of equipment subject to existing leases from other equipment lessors. Our financings are typically acquired from LEAF Financial Corporation (“LEAF Financial”), an affiliate of our General Partner and also a subsidiary of RAI. In addition, we may make secured loans to end users to finance their purchase of equipment. We attempt to structure our secured loans so that, in an economic sense, there is no difference to us between a secured loan and a full payout equipment lease. We also invest in equipment, leases and secured loans through joint venture arrangements with our General Partner’s affiliated investment programs. We finance business essential equipment including, but not limited to, computers, copiers, office furniture, water filtration systems, machinery used in manufacturing and construction, medical equipment and telecommunications equipment. We focus on the small to mid-size business market, which generally includes businesses with:

 
500 or fewer employees;

 
$1.0 billion or less in total assets;

 
Or $100.0 million or less in total annual sales.

Our principal objective is to generate regular cash distributions to our limited partners.
 
 
15


General Economic Overview

Economic indicators for the quarter ending September 30, 2012 show a continuation of the uneven pattern of economic activity that was seen in the first half of 2012. The overall economic landscape exhibits a stagnant condition with some sectors showing modest improvement and other sectors showing declines.  These mixed results are especially evident in the important housing market, a major engine of economic activity, as existing home sales declined 1.7% in September while new housing starts increased.  A lack of consumer and business confidence seems to be driving the lackluster economic performance. Consumer and business confidence also remains uncertain pending the outcomes of the United States of America (“U.S.”) presidential election, tax changes, the “fiscal cliff” (an automatic combination of tax increases and mandated government spending cuts), the U.S. debt ceiling, and the European debt problem.

Some specific key economic indicators and reports that were released in the third quarter of 2012 and that show the downward trend are summarized below.
 
 
·
The Commerce Department reported that durable goods orders fell 13.2% which was the largest drop since January 2009 when the economy was in recession.
 
 
·
Rising gas prices are negatively impacting consumer spending.
 
 
·
Slowing global growth is negatively impacting U.S. manufacturing which had shown signs of growth due to expanding exports.
 
 
·
The National Federation of Independent Business Optimism Index reported a drop in September 2012 and continued to indicate a “solid recession reading”. This is particularly noteworthy as small businesses comprise the majority of the equipment lease and loan obligors in our portfolios. Lack of confidence and optimism among this group does not bode well for economic expansion and job creation.
 
 
·
Business investment and capital spending, which are important contributors to economic growth, were reported to be down in the quarter ending September 2012.
 
With the presidential election looming, congressional gridlock firmly in place and uncertainty about tax policy we might expect the economy to remain stagnant in the fourth quarter. Additionally, with the looming “fiscal cliff” the outlook for 2013 is not positive with many economists now warning of the possibility of recession if the issues surrounding the “fiscal cliff” are not promptly addressed.  In such a situation the performance of our portfolio of leases and loans might be negatively impacted.

 
16

 
Finance Receivables and Asset Quality
 
Information about our portfolio of commercial finance assets is as follows (dollars in thousands):
 
   
September 30,
   
December 31,
 
   
2012
   
2011
 
Investment in leases and loans, net
  $ 112,254     $ 184,938  
                 
Number of contracts
    7,800       10,000  
Number of individual end users (1)
    7,000       9,000  
Average original equipment cost
  $ 58.7     $ 59.6  
Average initial lease term (in months)
    58       58  
Average remaining lease term (in months)
    17       23  
States accounting for more than 10% of lease and loan portfolio:
               
New York
    18 %     15 %
California
    11 %     12 %
                 
Types of equipment accounting for more than 10% of lease and loan portfolio:
               
Medical equipment
    22 %     22 %
Industrial equipment
    19 %     20 %
Asset based lending
    13 %     10 %
Restaurant equipment
    12 %     11 %
                 
Types of businesses accounting for more than 10% of lease and loan portfolio:
               
Services
    43 %     44 %
Finance/Insurance/Real Estate
    22 %     18 %
Retail trade
    16 %     17 %


(1)
Located in the 50 states as well as the District of Columbia and Puerto Rico. No individual end user or single piece of equipment accounted for more than 10% of our portfolio based on the origination amount.
 
 
17

 
Portfolio Performance
The table below provides information about our commercial finance assets including non-performing assets, which are those assets that are not accruing income due to non-performance or impairment (dollars in thousands):
 
   
As of and for the
 
   
Nine Months Ended September 30,
 
               
Change
 
   
2012
   
2011
    $       %  
Investment in leases and loans before allowance for credit losses
  $ 116,625     $ 223,819     $ (107,194 )     (48 )%
Less: allowance for credit losses
    (4,370 )     (4,919 )     548       (11 )%
Investment in leases and loans, net
  $ 112,254     $ 218,900     $ (97,904 )     (45 )%
                                 
Weighted average investment in direct financing leases and loans before allowance for credit losses
  $ 149,030     $ 273,927     $ (124,897 )     (46 )%
Non-performing assets
  $ 20,943     $ 4,498     $ 16,445       366 %
Charge-offs, net of recoveries
  $ 8,291     $ 17,228     $ (8,937 )     (52 )%
As a percentage of finance receivables:
                               
Allowance for credit losses
    3.75 %     2.20 %                
Non-performing assets
    17.96 %     2.02 %                
As a percentage of weighted average finance receivables:
                               
Charge-offs, net of recoveries
    5.56 %     6.29 %                
 
Our allowance for credit losses is our estimate of losses inherent in our commercial finance receivables. The allowance is based on factors which include our historical loss experience on equipment finance portfolios we manage, an analysis of contractual delinquencies, current economic conditions and trends and equipment finance portfolio characteristics, adjusted for recoveries. In evaluating historic performance of our leases and loans, we perform a migration analysis, which estimates the likelihood that an account progresses through delinquency stages to ultimate charge-off unless individually reviewed for impairment.  In an individual review for impairment we consider the loans performance, probability of repayment, and general and local economic conditions when assessing whether impairment is necessary. Our policy is to charge-off to the allowance those financings for which management has determined the probability of collection to be remote. Substantially all of our assets are collateral for our debt and, therefore, significantly greater delinquencies than anticipated will have an adverse impact on our cash flow and distributions to our partners.

We focus on financing equipment used by small to mid-sized businesses. The recent economic recession in the U.S. has made it more difficult for some of our customers to make payments on their financings with us on a timely basis, which has adversely affected our operations in the form of higher delinquencies. These higher delinquencies may continue as the U.S. economy recovers.  Non-performing assets increased to 17.96% at September 30, 2012 as compared to 2.02% at September 30, 2011, primarily due to certain non-performing loans that are contractually current but on the cost recovery method due to continued uncertainty as to future collectability.  However, the aging of receivables greater than 91 days past due improved slightly to 0.9% of the portfolio at September 30, 2012 compared to 2.0% at September 30, 2011.

Our net charge-offs decreased in the 2012 period compared to the 2011 period due to a decrease in the size of our portfolio of leases and loans.
 
Critical Accounting Policies
 
The discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of our assets, liabilities, revenues and cost and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates, including the allowance for credit losses and the estimated unguaranteed residual values of leased equipment, among others. We base our estimates on historical experience, current economic conditions and on various other assumptions that we believe reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
 
 
18

 
For a complete discussion of our critical accounting policies and estimates, see our annual report on Form 10-K for fiscal 2011 under “Management’s Discussion and Analysis of Financial Condition and Results of Operations- Critical Accounting Policies and Estimates.”  There have been no material changes to these policies through September 30, 2012.
 
Results of Operations
As discussed previously, the economic recession has negatively impacted our operating results primarily through increased rates of default on outstanding leases and loans and increased costs of borrowing from our lenders.  These factors have resulted in our inability to reinvest earnings in additional leases and loans, leading to a decrease in our portfolio balance and a reduction in cash generated to continue to support distributions to our limited partners.

Three months ended September 30, 2012 compared to three months ended September 30, 2011 (dollars in thousands):
 
         
Increase (Decrease)
 
   
2012
   
2011
    $       %  
Revenues:
                         
Interest on equipment financings
  $ 2,144     $ 4,212     $ (2,068 )     (49 )%
Rental income
    275       604       (329 )     (54 )%
Gains on sale of equipment and lease dispositions, net
    217       360       (143 )     (40 )%
Other income
    144       277       (133 )     (48 )%
      2,780       5,453       (2,673 )     (49 )%
                                 
Expenses:
                               
Interest expense
    3,090       4,725       (1,635 )     (35 )%
Depreciation on operating leases
    123       474       (351 )     (74 )%
Provision for credit losses
    2,308       3,089       (781 )     (25 )%
General and administrative expenses
    213       256       (43 )     (17 )%
Administrative expenses reimbursed to affiliate
    273       609       (336 )     (55 )%
Management fees to affiliate
    -       -       -       (- )%
      6,007       9,153       (3,146 )     (34 )%
Net loss
    (3,227 )     (3,700 )     473          
Less: Net loss attributable to the noncontrolling interest
    56       22       34          
Net loss attributable to LEAF 4 partners
  $ (3,171 )   $ (3,678 )   $ 507          
Net loss allocated to LEAF 4's limited partners
  $ (3,139 )   $ (3,641 )   $ 502          
 
The decrease in total revenues was primarily attributable to the following:
 
 
·
A decrease in interest on equipment financings and rental income. Our weighted average net investment in financing assets decreased to $125.9 million for the three months ended September 30, 2012 as compared to $234.7 million for the three months ended September 30, 2011, a decrease of $108.8 million or 46%. As noted previously, this decrease was primarily due to the continued runoff of our portfolio of leases and loans, as higher than anticipated defaults resulted in excess cash being used to settle debt obligations and support distributions to our partners, rather than be reinvested in new leases and loans.
 
 
·
Gains on the sale of equipment and lease dispositions decreased $143,000 to $217,000 for the three months ended September 30, 2012 compared to $360,000 for the three months ended September 30, 2011.  Gains and losses on sales of equipment may vary significantly from period to period.
 
 
·
Other income decreased $133,000 from $277,000 at September 30, 2011 to $144,000 at September 30, 2012, a decrease of 48%.  The decrease is primarily due to a reduction in late fee income which is a result of the decrease in our portfolio.
 
The decrease in total expenses was primarily a result of the following:
 
 
·
A decrease in interest due to a decrease in our average debt outstanding. Average borrowings for the three months ended September 30, 2012 and 2011 were $100.1 million and $200.6 million, respectively. Borrowings for the three months ended September 30, 2012 and 2011 were at an effective interest rate of 12.4% and 9.3%, respectively. The interest expense reduction was primarily driven by the reduction in the size of our portfolio of leases and loans.
 
 
19

 
 
·
A decrease in depreciation on operating leases due to a decrease in the size of our portfolio.
 
 
·
A decrease in our provision for credit losses is principally due to a decrease of our equipment financing portfolio and a slight improvement in the aging of our receivables. The aging of our receivables greater than 91 days past due improved to 0.9% of the portfolio at September 30, 2012 compared to 2.0% at September 30, 2011.
 
 
·
A decrease in administrative expenses reimbursed to affiliates and general and administrative expenses occurred due to the reduction in the size of our portfolio.
 
The net loss per limited partner unit, after the net loss allocated to our General Partner, for the three months ended September 30, 2012 and 2011 was $2.49 and $2.89, respectively, based on a weighted average number of limited partner units outstanding of 1,259,537 each period.

Nine Months Ended September 30, 2012 compared to the Nine Months Ended September 30, 2011 (dollars in thousands):

         
Increase (Decrease)
 
   
2012
   
2011
    $       %  
Revenues:
                         
Interest on equipment financings
  $ 7,214     $ 14,874     $ (7,660 )     (51 )%
Rental income
    1,081       1,964       (883 )     (45 )%
Gains on sale of equipment and lease dispositions, net
    958       1,273       (315 )     (25 )%
Gain on extinguishment of debt
    -       13,677       (13,677 )     (100 )%
Other income
    718       831       (113 )     (14 )%
      9,971       32,619       (22,648 )     (69 )%
                                 
Expenses:
                               
Interest expense
    9,880       16,937       (7,057 )     (42 )%
Depreciation on operating leases
    730       1,568       (838 )     (53 )%
Provision for credit losses
    8,252       12,293       (4,041 )     (33 )%
General and administrative expenses
    891       1,152       (261 )     (23 )%
Administrative expenses reimbursed to affiliate
    993       1,983       (990 )     (50 )%
Mark to market changes on derivative activities
    -       126       (126 )     (100 )%
Management fees to affiliate
    -       -       -       (- )%
      20,746       34,059       (13,313 )     (39 )%
Net loss
    (10,775 )     (1,440 )     (9,335 )        
Less: Net loss (income) attributable to the noncontrolling interest
    153       (27 )     180          
Net loss attributable to LEAF 4 partners
  $ (10,622 )   $ (1,467 )   $ (9,155 )        
Net loss allocated to LEAF 4's limited partners
  $ (10,516 )   $ (1,452 )   $ (9,064 )        
 
The decrease in total revenues was primarily attributable to the following:
 
 
·
A decrease in interest income on equipment financings and rental income. Our weighted average net investment in financing assets decreased to $149.0 million for the nine months ended September 30, 2012 as compared to $273.9 million for the nine months ended September 30, 2011, a decrease of $124.9 million or 46.0%. As noted previously, this decrease was primarily due to the continued runoff of our portfolio of leases and loans, as higher than anticipated defaults resulted in excess cash being used to settle debt obligations and support distributions to our partners, rather than be reinvested in new leases and loans.
 
 
·
Gains on the sale of equipment and lease dispositions decreased $315,000 to $958,000 for the nine months ended September 30, 2012 compared to $1.3 million for the nine months ended September 30, 2011.  Gains and losses on sales of equipment may vary significantly from period to period.
 
 
·
The nine month period ended September 30, 2011 was significantly impacted by a non-recurring gain on the extinguishment of debt of $13.7 million related to the payoff and termination of a term facility. This non-recurring gain increased limited partner’s earnings per unit for the nine month period ending September 30, 2011 by $10.86.
 
 
20

 
The decrease in total expenses was primarily a result of the following:
 
 
·
A decrease in interest due to our decrease in average debt outstanding. Average borrowings for the nine months ended September 30, 2012 and 2011 were $121.3 million and $237.5 million, respectively. Borrowings for the nine months ended September 30, 2012 and 2011 were at an effective interest rate of 10.9% and 9.5%, respectively. The interest expense reduction was primarily driven by the reduction in the size of our portfolio of leases and loans.
 
 
·
A decrease in depreciation on operating leases related to the decrease in our investment in operating leases.
 
 
·
A decrease in our provision for credit losses. Our provision for credit losses has decreased due to the decrease in size of the portfolio and an improvement in the aging of our receivables, partially offset by an individual reserve applied to certain non-performing asset backed leases and loans. The aging of our receivables greater than 91 days past due improved to 0.9% of the portfolio at September 30, 2012 compared to 2.0% at September 30, 2011.  However, the individual reserve applied to certain non-performing asset backed leases and loans increased $2.0 million to $3.6 million at September 30, 2012.  There was no individual reserve applied to these assets at September 30, 2011.
 
 
·
A decrease in administrative expenses reimbursed to affiliates and general and administrative expenses occurred due to the reduction in the size of our portfolio.
 
 
·
A decrease in mark to market changes on derivative activities.  As noted previously, subsequent to the completion of the 2011-1 Term Securitization, all of our debt was on a fixed-rate basis and, therefore, we terminated all of our interest rate swap contracts in January 2011.  Accordingly, we no longer own any derivative instruments.
 
The net loss per limited partner unit, after the net loss allocated to our General Partner, for the nine months ended September 30, 2012 and 2011 was $8.35 and $1.15, respectively, based on a weighted average number of limited partner units outstanding of 1,259,537 each period.
 
Liquidity and Capital Resources
 
General
 
Our major source of liquidity is from the collection of lease and loan payments.  Our primary cash requirements, in addition to normal operating expenses are for debt service, investments in leases and loans and distributions to our partners.
 
We believe at this time that future net cash inflows will be sufficient to finance operations and meet debt service payments. The following table sets forth our sources and uses of cash for the periods indicated (in thousands):

   
Nine Months Ended September 30,
 
   
2012
   
2011
 
Net cash provided by operating activities
  $ 4,001     $ 7,448  
Net cash provided by investing activities
    63,382       100,922  
Net cash used in financing activities
    (67,574 )     (108,018 )
(Decrease) increase in cash
  $ (191 )   $ 352  
 
Cash decreased by $191,000 due to debt repayments of $70.6 million and distributions to partners of $3.8 million, partially offset by net proceeds from lease and loan assets of $63.4 million, a reduction in our restricted cash of $6.8 million, and cash provided by operating activities of $4.0 million.

Partner’s distributions paid for the nine months ended September 30, 2012 and September 30, 2011 were $3.8 million. Cumulative partner distributions paid from our inception to September 30, 2012 were approximately $23.9 million. To date, limited partners have received total distributions of approximately 19% of their original amount invested, depending upon when the investment was made.   Partner distributions for the nine months ended September 30, 2012 and 2011 were made at a rate of 4.0% of capital invested. Future cash distributions are not guaranteed and are solely dependent on our performance and are impacted by a number of factors which include lease and loan defaults by our customers, accelerated principle payments on our debt facilities required per our agreements, and prevailing economic conditions. The terms of our current debt facilities are structured to use excess cash to accelerate the repayment of debt. This results in paying less interest expense over time, but also limits available cash to make monthly distributions to the partners. The terms of our current debt facilities coupled with continued higher than expected lease and loan defaults, caused by a slow economic recovery could impact our ability to make monthly cash distributions to our limited partners.
 
 
21

 
Beginning August 1, 2010, our General Partner waived its asset management fee and subsequently waived all future management fees. Through September 30, 2012, the General Partner has waived $6.1 million of asset management fees, of which $1.4 million related to the nine months ended September 30, 2012.
 
Borrowings
Our borrowing relationships each require the pledging of eligible leases and loans to secure amounts advanced. Borrowings outstanding under our debt facilities as of September 30, 2012 were as follows (in thousands):
 
     
Amount
   
Amount of
 
 
Type
 
Outstanding
   
Collateral (1)
 
2011-1 Term Securitization
Term
  $ 34,096     $ 36,882  
2010-1 Term Securitization
Term
    10,545       14,471  
2010-3 Term Securitization
Term
    45,764       53,323  
      $ 90,405     $ 104,676  


(1)
These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund’s term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.

2011-1 Term Securitization.  On January 26, 2011, a previous lender was paid-off with the proceeds from the 2011-1 Term Securitization (The “2011-1 Term Securitization”) in which six classes of asset-backed notes were issued that  have varying maturity dates ranging from December 2018 to December 2023. The asset-backed notes totaled $96.0 million and bear interest at fixed, stated rates ranging from 1.7% to 5.5% and were issued at an original discount of approximately $6.2 million.  As a result of the retirement of the previous term loan, we recognized a gain on extinguishment of debt of $13.7 million.

Series 2010-1 Term Securitization.  On May 18, 2010 three classes of asset-backed notes were issued (The “2010-1 Term Securitization”), one that matures on October 23, 2016 and two that mature on September 23, 2018, respectively. The asset-backed notes total $92.7 million and bear interest at a fixed, stated rate of 5% and were issued at an original discount of $6.5 million.

Series 2010-3 Term Securitization.  On August 17, 2010 five classes of asset-backed notes were issued (The “2010-3 Term Securitization”), one that matures on June 20, 2016 and 4 that mature on February 20, 2022, respectively. The asset-backed notes total $171.4 million and bear interest at fixed, stated rates ranging from 3.5% to 5.5% and were issued at an original discount of $3.7 million.

Our securitizations are serviced by an affiliate of our General Partner (the “Servicer”).  If the Servicer or our portfolio does not comply with certain requirements, then the noteholders have the right to replace the Servicer.  The portfolios of the 2010-1 Term Securitization and 2010-3 Term Securitization exceeded the cumulative net loss percentage permitted in April 2012.  The servicing agreements were amended effective July 31, 2012 to increase the cumulative net loss percentages and as a result the portfolio was in compliance with these agreements as of September 30, 2012.  In addition, the servicing agreements and the indentures on these facilities were amended to establish an additional reserve account to be funded by cash flows on leases and loans that will be used by the trustee as additional collateral.

This event does not constitute an event of default on the 2010-1 Term Securitization or the 2010-3 Term Securitization.  Additionally, we are not, nor have been, delinquent on any payments owed to the noteholders.

In addition to the above borrowings, LEAF Commercial Finance Fund, LLC (“LCFF”), a subsidiary of LEAF Funds JV2, has $9.4 million of 8.25% secured subordinated promissory notes (the “Notes”) outstanding, which are recourse to LCFF only. The Notes were issued to private investors and require interest only payments until their maturity in February 2015. LCFF may call or redeem the Notes, in whole or in part, at any time during the interest only period.

The Notes are subject to various covenants as set forth in their indenture, including an interest coverage ratio test, which LCFF was not in compliance with as of September 30, 2012.  LCFF has notified the Trustee of this breach.  As a result, the noteholders have the right to declare an event of default.  If the noteholders would declare an event of default they have various rights and remedies available to them including (1) the right to declare all amounts currently outstanding under the Notes as immediately due and payable; (2) the right to take immediate possession of the assets of LCFF; and (3) the right to sell or otherwise dispose of the assets of LCFF in their current condition.  If the noteholders choose to repossess and sell LCFF’s assets, such a sale of a portfolio could be at prices lower than its carrying value, which could result in losses to us.
 
 
22

 
Notwithstanding the foregoing, LCFF is not, nor has been, delinquent on any payments of interest owed to the noteholders.

Our primary source of liquidity comes from payments on our lease and loan portfolio. Our liquidity has been and could be further adversely affected by higher than expected equipment lease defaults, which results in a loss of revenues. These losses may adversely affect our ability to make distributions to our partners and, if the level of defaults are sufficiently large, may result in our inability to fully recover our investment in the underlying equipment. As our lease portfolio ages, and if the recovery in the United States economy falters for a substantial period of time, we may need to increase our allowance for credit losses.
 
Our primary use of cash is for debt service. Substantially all of our leases and loans are collateral for our debt, however, all of our debt is non-recourse to the partnership which limit our financial exposure. Repayment of our debt is based on the payments we receive from our customers. If a lease or loan becomes delinquent our lender uses the excess collateral from performing leases to repay our loan, even though our customer has not paid us. Therefore, higher than expected lease and loan defaults will reduce our liquidity.

The terms of securitizations require the use of excess cash flow from the underlying collateral to accelerate the repayment on our debt.  As a result, this minimizes the excess cash flow available to us for the acquisition of new leases and loans until our securitizations are paid off. When we have available resources, the climate of the credit markets is such that our liquidity may be adversely affected, particularly our ability to obtain or renew debt financing needed to execute our investment strategies. Historically, we have utilized both revolving and term debt facilities to fund our acquisitions of equipment financings.  If we are unable to obtain new debt that will allow us to invest the repayments of existing leases and loans into new investments, then our portfolio of leases and loans will continue to decline.
 
Legal Proceedings
 
We are a party to various routine legal proceedings arising out of the ordinary course of our business. Our General Partner believes that none of these actions, individually or in the aggregate, will have a material adverse effect on our financial condition or results of operations.
 
 
23

 
 
Quantitative and Qualitative Disclosures about Market Risk have been omitted as permitted under rules applicable to smaller reporting companies.
 
 
Disclosure Controls
 
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our periodic reports under the Securities Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and our chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.
 
Under the supervision of our General Partner’s chief executive officer and chief financial officer, we have carried out an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, our General Partner’s chief executive officer and chief financial officer concluded that our disclosure controls and procedures are effective at the reasonable assurance level discussed above.
 
Changes in Internal Control over Financial Reporting
 
There has been no change in our internal control over financial reporting that occurred during the three months ended September 30, 2012 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
 
 
24

 
PART II. OTHER INFORMATION
 
 
Exhibit
   
No.
 
Description
3.1
 
Certificate of Limited Partnership (1)
3.2
 
Amended and Restated Agreement of Limited Partnership (2)
3.3
 
Amendment No. 1 to Amended and Restated Agreement of Limited Partnership of LEAF Equipment Finance Fund 4, L.P. (7)
4.1
 
Forms of letters sent to limited partners confirming their investment (1)
10.1
 
Form of Origination and Servicing Agreement Among LEAF Financial Corporation, LEAF Equipment Finance Fund 4, LP and LEAF Funding, Inc. (1)
10.2
 
Indenture by and between LEAF Commercial Finance Fund, LLC and U.S. Bank National Association (3)
10.3
 
Amended and Restated Limited Liability Company Agreement of LEAF Commercial Finance Fund, LLC(3)
10.4
 
Limited Liability Company Agreement of LEAF Funds Joint Venture 2, LLC (3)
10.5
 
Indenture between LEAF Receivables Funding 2, LLC and U.S. Bank National Association dated as of May 1, 2010 (4)
10.6
 
Indenture between LEAF Receivables Funding 4, LLC and U.S. Bank National Association dated as of July 4, 2010 (5)
10.7
 
Indenture between LEAF Receivables Funding 6, LLC and U.S. Bank National Association dated as of January 6, 2011 (6)
10.8
 
First Amendment dated as of September 28, 2012 to the Indenture between LEAF Receivables Funding 2, LLC and U.S. Bank National Association
10.9
 
First Amendment dated as of October 15, 2012 to the Indenture between LEAF Receivables Funding 4, LLC and U.S. Bank National Association
 
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 
Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 
Certification of Chief Executive Officer pursuant to Section 1350 18 U.S.C., as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 
Certification of Chief Financial Officer pursuant to Section 1350 18 U.S.C., as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101
 
Interactive data file containing the following financial statements formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheets at September 30, 2012 and December 31, 2011; (ii) the Consolidated Statements of  operations for the three and nine month periods ended September 30, 2012 and 2011; (iii) the Consolidated Statements of Comprehensive Income for the three and nine month period ended September 30, 2012; (iv) the Consolidated Statement of Changes in Partners’ (Deficit) Capital for the nine month period ended September 30, 2012; (iv) the Consolidated Statements of Cash Flows for the periods ended September 30, 2012 and 2011; and, (iv) the Notes to Consolidated Financial Statements.
 

 
(1)
Filed previously as an exhibit to our Registration Statement on Form S-1 filed on March 24, 2008 and by this reference incorporated herein.
 
(2)
Filed previously as an exhibit to Form 8-K on May 8, 2009 and by this reference incorporated herein.
 
(3)
Filed previously on May 12, 2009 in Post-Effective Amendment No. 1 as an exhibit to our Registration Statement and by this reference incorporated herein.
 
(4)
Filed previously as an exhibit to our Quarterly Report on Form 10-Q/A for the quarter ended June 30, 2010 and by this reference incorporated herein.
 
(5)
Filed previously as an exhibit to our Quarterly Report on Form 10-Q/A for the quarter ended September 30, 2010 and by this reference incorporated herein.
 
(6)
Filed previously as an exhibit to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2011 and by this reference incorporated herein.
 
(7)
 Filed previously as an exhibit to form 8-K on October 20, 2011 and by this reference incorporated herein.

 
25

 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
LEAF EQUIPMENT FINANCE FUND 4, L.P.
 
A Delaware Limited Partnership
     
 
By:
LEAF Asset Management, LLC, its General Partner
     
November 14, 2012
By:
/s/ CRIT S. DEMENT
   
Crit S. DeMent
   
Chief Executive Officer
     
November 14, 2012
By:
/s/ ROBERT K. MOSKOVITZ
   
Robert K. Moskovitz
   
Chief Financial Officer
 
 
26

EX-31.1 2 ex31_1.htm EXHIBIT 31.1 ex31_1.htm
EXHIBIT 31.1

CERTIFICATION

I, Crit S. DeMent, certify that:

1.
I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 of LEAF Equipment Finance Fund 4, L.P.;
 
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
 
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
 
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
 
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
 
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
 
 
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
 
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
Date:  November 14, 2012
/s/ Crit S. DeMent
 
 
Name: Crit S. DeMent
 
 
Title: Chief Executive Officer of the General Partner
 
 

EX-31.2 3 ex31_2.htm EXHIBIT 31.2 ex31_2.htm
EXHIBIT 31.2

CERTIFICATION

I, Robert K. Moskovitz, certify that:

1.
I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 of LEAF Equipment Finance Fund 4, L.P.;
 
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
 
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
 
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under such supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
 
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
 
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
 
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
 
 
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
 
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
Date:  November 14, 2012
/s/ Robert K. Moskovitz
 
 
Name: Robert K. Moskovitz
 
 
Title: Chief Financial Officer of the General Partner
 
 

EX-32.1 4 ex32_1.htm EXHIBIT 32.1 ex32_1.htm
EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of LEAF Equipment Finance Fund 4, L.P. (the “Company”) on Form 10-Q for the quarter ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Crit S. DeMent, Chief Executive Officer of the General Partner of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, and

(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Date:  November 14, 2012
/s/ Crit S. DeMent
 
 
Name: Crit S. DeMent
 
 
Title: Chief Executive Officer of the General Partner
 
 

EX-32.2 5 ex32_2.htm EXHIBIT 32.2 ex32_2.htm
EXHIBIT 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of LEAF Equipment Finance Fund 4, L.P. (the “Company”) on Form 10-Q for the quarter ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert K. Moskovitz, Chief Financial Officer of the General Partner of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Date:  November 14, 2012
/s/ Robert K. Moskovitz
 
 
Name: Robert K. Moskovitz
 
 
Title: Chief Financial Officer of the General Partner
 
 

EX-101.INS 6 lfor-20120930.xml INSTANCE DOCUMENT 0001426850 2012-01-01 2012-09-30 0001426850 2012-09-30 0001426850 2011-12-31 0001426850 2012-07-01 2012-09-30 0001426850 2011-07-01 2011-09-30 0001426850 2011-01-01 2011-09-30 0001426850 us-gaap:GeneralPartnerMember 2011-12-31 0001426850 us-gaap:LimitedPartnerMember 2011-12-31 0001426850 us-gaap:ParentMember 2011-12-31 0001426850 us-gaap:NoncontrollingInterestMember 2011-12-31 0001426850 us-gaap:GeneralPartnerMember 2012-01-01 2012-09-30 0001426850 us-gaap:LimitedPartnerMember 2012-01-01 2012-09-30 0001426850 us-gaap:ParentMember 2012-01-01 2012-09-30 0001426850 us-gaap:NoncontrollingInterestMember 2012-01-01 2012-09-30 0001426850 us-gaap:GeneralPartnerMember 2012-09-30 0001426850 us-gaap:LimitedPartnerMember 2012-09-30 0001426850 us-gaap:ParentMember 2012-09-30 0001426850 us-gaap:NoncontrollingInterestMember 2012-09-30 0001426850 2010-12-31 0001426850 2011-09-30 0001426850 lfor:LeafFundsJv2Member 2012-01-01 2012-09-30 0001426850 lfor:LeafFundsJv1Member 2012-01-01 2012-09-30 0001426850 us-gaap:FinanceReceivablesMember 2012-09-30 0001426850 us-gaap:FinanceReceivablesMember 2011-12-31 0001426850 us-gaap:LoansReceivableMember 2012-09-30 0001426850 us-gaap:LoansReceivableMember 2011-12-31 0001426850 lfor:OperatingLeaseReceivableMember 2012-09-30 0001426850 lfor:OperatingLeaseReceivableMember 2011-12-31 0001426850 lfor:ConsumerCreditCardFinancingReceivableFuturePaymentCardMember 2012-09-30 0001426850 lfor:ConsumerCreditCardFinancingReceivableFuturePaymentCardMember 2011-12-31 0001426850 us-gaap:FinanceReceivablesMember 2012-01-01 2012-09-30 0001426850 us-gaap:LoansReceivableMember 2012-01-01 2012-09-30 0001426850 us-gaap:PerformingFinancingReceivableMember 2012-09-30 0001426850 us-gaap:NonperformingFinancingReceivableMember 2012-09-30 0001426850 us-gaap:PerformingFinancingReceivableMember 2011-12-31 0001426850 us-gaap:NonperformingFinancingReceivableMember 2011-12-31 0001426850 2012-06-30 0001426850 2011-06-30 0001426850 us-gaap:AssetBackedSecuritiesMember 2012-09-30 0001426850 us-gaap:AssetBackedSecuritiesMember 2011-12-31 0001426850 lfor:TermSecuritization2010-1Member 2012-09-30 0001426850 lfor:TermSecuritization2010-1Member 2011-12-31 0001426850 lfor:TermSecuritization2010-3Member 2012-09-30 0001426850 lfor:TermSecuritization2010-3Member 2011-12-31 0001426850 us-gaap:AssetBackedSecuritiesMember 2012-01-01 2012-09-30 0001426850 lfor:TermSecuritization2010-3Member 2012-01-01 2012-09-30 0001426850 lfor:TermSecuritization2010-1Member 2012-01-01 2012-09-30 0001426850 lfor:LeafCommercialFinanceFundLlcMember 2012-09-30 0001426850 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2012-09-30 0001426850 us-gaap:FairValueInputsLevel1Member 2012-09-30 0001426850 us-gaap:FairValueInputsLevel2Member 2012-09-30 0001426850 us-gaap:FairValueInputsLevel3Member 2012-09-30 0001426850 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2012-09-30 0001426850 2008-01-25 2012-09-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure false --12-31 2012-09-30 No No Yes Smaller Reporting Company LEAF Equipment Finance Fund 4, L.P. 0001426850 2012 Q3 10-Q 1050000 1143000 4200000 3100000 5470000 9532000 273000 609000 993000 1983000 250000 751000 902000 1576000 <div><div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 4 &#8211; ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY</div><div style="text-indent: 0pt; display: block;"><br /></div></div><div><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The following table is an age analysis of the Fund's receivables from leases and loans (presented gross of allowance for credit losses of $4.4 million for each period) as of September 30, 2012 and December 31, 2011, respectively (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 90%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30, 2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31, 2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="border-bottom: black 2px solid; text-align: center; width: 42%;"><div style="text-align: center; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Age of receivable</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Investment in </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">leases and loans</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Investment in </div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">l</font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">eases and loans</font></div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Current (a)</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">113,043</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96.9</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">183,187</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96.7</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Delinquent:</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">31 to 91 days past due</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,541</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2.2</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,118</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2.2</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Greater than 91 days (b)</div></td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,041</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">0.9</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,043</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1.1</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">100.0</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">189,348</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">100.0</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr></table></div><div style="text-indent: 0pt; display: block;">&#160;</div><div style="text-indent: 0pt; display: block;"><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 18pt;">&#160;</td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(a)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due.</div></td></tr></table></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 18pt;">&#160;</td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(b)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">Balances in this age category are collectively evaluated for impairment.</div></td></tr></table></div></div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-indent: 0pt; display: block;"><br /></div><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund had $20.9 million and $26.8 million of leases and loans on nonaccrual status as of September 30, 2012 and December 31, 2011, respectively.&#160;&#160;The credit quality of the Fund's investment in leases and loans as of September 30, 2012 and December 31, 2011 are as follows (in thousands):</div><div style="text-align: justify; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30, </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31, </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Performing</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">95,682</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">162,548</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Nonperforming</div></td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">20,943</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">26,800</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">189,348</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div><div style="text-indent: 0pt; display: block;">&#160;</div><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Company's investments in non-performing leases and loans as of September 30, 2012 and December 31, 2011 were collectively evaluated for impairment, except for certain asset backed loans that were individually evaluated for impairment. The following table summarizes the activity in the allowance for credit losses (in thousands):</div><div style="text-align: justify; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 17px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 397px;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Three Months Ended&#160;</div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 5px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 31px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Nine Months Ended </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 17px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 181px;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 6px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 17px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 181px;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 5px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 31px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Allowance for credit losses, beginning of period</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,630</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">6,510</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,410</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">9,854</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Provision for credit losses</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,308</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,089</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">8,252</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">12,293</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Charge-offs</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(2,817</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(5,431</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(9,193</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">(18,804</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Recoveries</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">250</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">751</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">902</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">1,576</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 4px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Allowance for credit losses end of period</div></td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td valign="bottom" style="width: 52%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt; text-decoration: underline;">Allowance for credit losses:</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, individually evaluated for impairment</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,580&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">-&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,580&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">-&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, collectively evaluated for impairment</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">791</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">791</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 4px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Balance, end of year</div></td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="width: 52%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white" style="height: 22px;"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt; text-decoration: underline;">Recorded investment&#160;&#160;in leases and term loans:</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, individually evaluated for impairment</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">19,902&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">25,179&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">19,902&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">25,179&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, collectively evaluated for impairment</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96,723</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">198,640</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96,723</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">198,640</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 4px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Balance, end of year</div></td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">223,819</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">223,819</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Company's investments in non-performing leases and loans as of September 30, 2012 and December 31, 2011 were collectively evaluated for impairment, except for certain asset backed loans that were individually evaluated for impairment. The following table summarizes the activity in the allowance for credit losses (in thousands):</div><div style="text-align: justify; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 17px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 397px;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Three Months Ended&#160;</div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 5px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 31px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Nine Months Ended </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 17px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 181px;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 6px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 17px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 181px;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 5px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 31px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Allowance for credit losses, beginning of period</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,630</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">6,510</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,410</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">9,854</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Provision for credit losses</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,308</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,089</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">8,252</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">12,293</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Charge-offs</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(2,817</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(5,431</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(9,193</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">(18,804</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Recoveries</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">250</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">751</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">902</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">1,576</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 4px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Allowance for credit losses end of period</div></td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td valign="bottom" style="width: 52%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt; text-decoration: underline;">Allowance for credit losses:</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, individually evaluated for impairment</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,580&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">-&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,580&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">-&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, collectively evaluated for impairment</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">791</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">791</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 4px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Balance, end of year</div></td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,371</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">4,919</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="width: 52%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white" style="height: 22px;"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt; text-decoration: underline;">Recorded investment&#160;&#160;in leases and term loans:</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;"></td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;"></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, individually evaluated for impairment</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">19,902&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">25,179&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1.72%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">19,902&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">25,179&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Ending balance, collectively evaluated for impairment</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96,723</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">198,640</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96,723</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">198,640</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 4px; width: 52%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Balance, end of year</div></td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1.05%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">223,819</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1.72%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9.16%; font-family: times new roman; font-size: 10pt;">223,819</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div> 2817000 5431000 9193000 18804000 2308000 3089000 8252000 12293000 126446000 207391000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Basis of Presentation</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The consolidated financial statements include the accounts of the Fund and its wholly owned subsidiary LEAF Receivables Funding 4, LLC. The consolidated financial statements also include LEAF Funds Joint Venture 2, LLC ("LEAF Funds JV2") and its subsidiaries LEAF Commercial Finance Fund, LLC (LCFF) and LEAF Receivables Funding 6, LLC, as well as LEAF Funding, LLC ("LEAF Funds JV1") and its wholly owned subsidiaries LEAF Capital Funding III, LLC and LEAF Receivables Funding II, LLC. The Fund maintains a 98%, and 96% ownership interest in LEAF Funds JV2 and LEAF Funds JV1, respectively. All intercompany accounts and transactions have been eliminated in consolidation.</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The accompanying unaudited financial statements reflect all adjustments that are, in the opinion of management, of a normal and recurring nature and necessary for a fair statement of the Fund's financial position as of September 30, 2012, and the results of its operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of results of the Fund's operations for the 2012 fiscal year. The financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") for interim financial reporting.&#160;&#160;Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted pursuant to those rules and regulations. These interim financial statements should be read in conjunction with the Fund's financial statements and notes thereto presented in the Fund's Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on March 28, 2012.</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund has evaluated subsequent events through the date the financial statements were issued.&#160;&#160;As described further in note 6, the Fund amended the indenture and servicing agreement on the 2010-3 Term Securitization on October 15, 2012.&#160;&#160;The effective date of these amendments was July 31, 2012.</div></div> 32221000 91203000 58450000 145038000 2739000 0 3256000 0 1851000 6424000 4215000 11817000 112254000 184938000 50100000 10600000 214000 405000 394000 746000 -191000 352000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 11 &#8211; COMMITMENTS AND CONTINGENCIES</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund is party to various routine legal proceedings arising out of the ordinary course of its business. Management believes that none of these actions, individually or in the aggregate, will have a material adverse effect on the Fund's financial condition or results of operations.</div></div></div> 34096000 56205000 10545000 21825000 45764000 79881000 90405000 157911000 2022-02-20 2023-12-31 2018-09-23 90405000 0 87385000 0 87385000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 6 &#8211;DEBT</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><div style="text-align: left; text-indent: 27pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: left; text-indent: 27pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's debt consists of the following (in thousands):</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 90%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 36%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 18%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December&#160;31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 36%; font-family: times new roman; font-size: 10pt;">&#160; </td><td colspan="8" valign="bottom" style="border-bottom: black 2px solid; width: 41%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30, 2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="width: 36%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 18%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Outstanding</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Interest rate per</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Outstanding</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 36%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="border-bottom: black 2px solid; width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Type</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Balance <font style="display: inline; font-size: 70%; vertical-align: text-top;">(1) (2)</font></div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">annum</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Balance</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 36%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">2011-1 Term Securitization</div></td><td valign="bottom" style="width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Term</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">34,096</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">1.7% to 5.5%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">56,205</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 36%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">2010-1 Term Securitization</div></td><td valign="bottom" style="width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Term</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">10,545</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">5.00</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">21,825</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 36%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">2010-3 Term Securitization</div></td><td valign="bottom" style="padding-bottom: 2px; width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Term</div></td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">45,764</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">3.5% to 5.5%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">79,881</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td valign="bottom" style="padding-bottom: 4px; width: 36%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 18%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">90,405</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; padding-bottom: 4px; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">157,911</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><br /></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 17.95pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(1)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund's term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.</div></td></tr></table></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 17.95pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(2)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively.</div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Series 2011-1 Term Securitization</font>.&#160;&#160;On January 26, 2011, a previous lender was paid-off with the proceeds from the 2011-1 Term Securitization (The "2011-1Term Securitization") in which six classes of asset-backed notes were issued that&#160;&#160;have varying maturity dates ranging&#160;&#160;from December 2018 to December 2023. The asset-backed notes totaled $96.0 million and bear interest at fixed, stated rates ranging from 1.7% to 5.5% and were issued at an original discount of approximately $6.2 million.&#160;&#160;As a result of the retirement of the previous term loan, the Fund recognized a gain on extinguishment of debt of $13.7 million.</div><div style="text-align: left; text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Series 2010-1 Term Securitization</font>.&#160;&#160;On May 18, 2010 three classes of asset-backed notes were issued (The "2010-1 Term Securitization"), one that matures on October 23, 2016 and two that mature on September 23, 2018, respectively. The asset-backed notes total $92.7 million and bear interest at a fixed, stated rate of 5% and were issued at an original discount of $6.5 million.</div><div style="text-align: left; text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Series 2010-3 Term Securitization</font>.&#160;&#160;On August 17, 2010 five classes of asset-backed notes were issued (The "2010-3 Term Securitization"), one that matures on June 20, 2016 and 4 that mature on February 20, 2022, respectively. The asset-backed notes total $171.4 million and bear interest at fixed, stated rates ranging from 3.5% to 5.5% and were issued at an original discount of $3.7 million.</div><div style="text-align: left; text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's securitizations are serviced by an affiliate of the Fund's General Partner (the "Servicer").&#160;&#160;If the Servicer or the Fund's portfolio does not comply with certain requirements, then the noteholders have the right to replace the Servicer.&#160;&#160;The portfolios of the 2010-1 Term Securitization and 2010-3 Term Securitization exceeded the cumulative net loss percentage permitted in April 2012.&#160;&#160;The servicing agreements were amended effective July 31, 2012 to increase the cumulative net loss percentages and as a result the portfolios were in compliance with these agreements as of September 30, 2012.&#160;&#160;In addition, the servicing agreements and the indentures on these facilities were amended to establish an additional reserve account to be funded by cash flows on leases and loans that will be used by the trustee as additional collateral.</div><div style="text-align: left; text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">This event does not constitute an event of default on the 2010-1 Term Securitization or the 2010-3 Term Securitization.&#160;&#160;Additionally, the Fund is not, nor has been, delinquent on any payments owed to the noteholders.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;"><font style="letter-spacing: 9pt;">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160; Debt Repayments</font>:&#160;&#160;Excluding $3.9 million of&#160;&#160;remaining unamortized discount on the term securitizations, estimated annual principal payments on the Fund's aggregate borrowings over the next five annual periods ended September 30, and thereafter, are as follows (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2013</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">45,342</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2014</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">26,254</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2015</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">11,073</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2016</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">5,762</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2017</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,097</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Thereafter</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">1,728</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 68%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">94,256</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-align: center;">&#160;</div></div></div></div> 96000000 92700000 171400000 2018-12-31 2016-10-23 2016-06-20 0.0825 0.055 0.055 3900000 7000000 6200000 6500000 3700000 0.017 0.035 0.05 1571000 2629000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 8 &#8211; DERIVATIVE INSTRUMENTS</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Since the completion of the 2011-1 Term Securitization in January 2011 all of the Fund's debt is on a fixed-rate basis which generally mitigates the Fund's exposure to floating-rate interest rate risk on its borrowings.&#160;&#160;Accordingly, the Fund no longer purchases or owns derivative instruments.</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Prior to termination of the Fund's interest rate swaps, the Fund recognized changes in fair value of its derivatives in mark to market changes on derivative liabilities on the accompanying statement of operations.&#160;&#160;The Fund incurred a loss on mark to market changes on derivative liabilities of $126,000 for the nine month period ended September 30, 2011.</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div></div></div> 126000 1436000 190000 0 0 0 13677000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 9 &#8211; FAIR VALUE MEASUREMENT</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the measurement date (exit price). U.S. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement in its entirety.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 30.6pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#9679;</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline;">Level 1</font> &#8211; Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.</div></td></tr></table></div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 30.6pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#9679;</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline;">Level 2</font> &#8211; Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.</div></td></tr></table></div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 30.6pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#9679;</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 10pt;"><font style="font-style: italic; display: inline;">Level 3</font> &#8211; Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.</div></td></tr></table></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">There were no assets or liabilities measured at fair value at September 30, 2012 or December 31, 2011.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund is also required to disclose the fair value of financial instruments not measured at fair value for which it is practicable to estimate that value.&#160;&#160;For cash, restricted cash, receivables, and payables, the carrying amounts approximate fair value because of the short term maturity of these instruments. At December 31, 2011, the carrying value of debt approximated fair value as interest rates were comparable to current market rates.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Subsequent to the adoption of Accounting Standards Update 2011-04 ("ASU 2011-04"), the Fund is also required to disclose the methods used to estimate fair value on financial instruments not measured at fair value and the level within the fair value hierarchy that those fair value measurements are categorized. The carrying value and fair value of the Fund's debt at September 30, 2012 is as follows:</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="text-align: center; width: 90%; font-family: times new roman; font-size: 10pt;"><tr style="text-align: center;"><td valign="bottom" style="padding-bottom: 2px; width: 30%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="10" valign="bottom" style="border-bottom: black 2px solid; width: 34%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Fair Value Measuring Using</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Liabilities</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 30%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Carrying Value</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Level 1</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Level 2</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Level 3</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">At Fair Value</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 30%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Debt, at September 30, 2012</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">90,405</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">87,385</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">87,385</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td valign="bottom" style="width: 30%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The fair value of the debt at September 30, 2012 was determined using quoted prices obtained from a broker-dealer as of the measurement date.</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Subsequent to the adoption of Accounting Standards Update 2011-04 ("ASU 2011-04"), the Fund is also required to disclose the methods used to estimate fair value on financial instruments not measured at fair value and the level within the fair value hierarchy that those fair value measurements are categorized. The carrying value and fair value of the Fund's debt at September 30, 2012 is as follows:</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="text-align: center; width: 90%; font-family: times new roman; font-size: 10pt;"><tr style="text-align: center;"><td valign="bottom" style="padding-bottom: 2px; width: 30%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="10" valign="bottom" style="border-bottom: black 2px solid; width: 34%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Fair Value Measuring Using</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Liabilities</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 30%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Carrying Value</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Level 1</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Level 2</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Level 3</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">At Fair Value</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 30%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Debt, at September 30, 2012</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">90,405</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">87,385</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">87,385</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td valign="bottom" style="width: 30%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><br /><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Investments in Commercial Finance Assets</font></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's investments in commercial finance assets consist of direct financing leases, operating leases, and loans.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Direct Financing Leases.</font> Certain of the Fund's lease transactions are accounted for as direct financing leases (as distinguished from operating leases). Such leases transfer substantially all benefits and risks of equipment ownership to the customer. The Fund's investment in direct financing leases consists of the sum of the total future minimum lease payments receivable and the estimated unguaranteed residual value of leased equipment, less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted payments plus the estimated unguaranteed residual value expected to be realized at the end of the lease term over the cost of the related equipment.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Unguaranteed residual value represents the estimated amount to be received at lease termination from lease extensions or ultimate disposition of the leased equipment. The estimates of residual values are based upon the General Partner's history with regard to the realization of residuals, available industry data and the General Partner's experience with respect to comparable equipment. The estimated residual values are recorded as a component of investments in leases. Residual values are reviewed periodically to determine if the current estimate of the equipment's fair market value appears to be below its recorded estimate. If required, residual values are adjusted downward to reflect adjusted estimates of fair market values. Upward adjustments to residual values are not permitted.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Operating Leases.</font> Leases not meeting the criteria to be classified as direct financing leases are deemed to be operating leases. Under the accounting for operating leases, the cost of the leased equipment, including acquisition fees associated with lease placements, is recorded as an asset and depreciated on a straight-line basis over the equipment's estimated useful life, generally up to seven years. Rental income consists primarily of monthly periodic rental payments due under the terms of the leases. The Fund recognizes rental income on a straight line basis.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">A review for impairment of operating leases is performed whenever events or changes in circumstances indicate that the carrying amount of the operating leases may not be recoverable.&#160;&#160;The Fund writes down its rental equipment to its estimated net realizable value when it is probable that its carrying amount exceeds its fair value and the excess can be reasonably estimated; gains are only recognized upon actual sale of the rental equipment.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Loans.</font> For term loans, the investment in loans consists of the sum of the total future minimum loan payments receivable less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted loan payments over the cost of the loan. For all other loans, interest income is recorded at the stated rate on the accrual basis to the extent that such amounts are expected to be collected.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Allowance for Credit Losses. </font>The Fund evaluates the adequacy of the allowance for credit losses (including investments in leases and loans) based upon, among other factors, management's historical experience on the portfolios it manages, an analysis of contractual delinquencies, economic conditions and trends and equipment finance portfolio characteristics, adjusted for expected recoveries.&#160;&#160;In evaluating historic performance of the Fund's leases and loans, the Fund performs a migration analysis, which estimates the likelihood that an account progresses through delinquency stages to ultimate charge-off unless individually reviewed for impairment.&#160;&#160;In an individual review for impairment the Fund considers the loans performance, probability of repayment, and general and local economic conditions when assessing whether impairment is necessary.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Income is not recognized on leases and loans when a default on payment exists for a period of 90 days or more. Generally, income recognition resumes when a lease or loan becomes less than 90 days delinquent. Fees from delinquent payments are recognized when received and are included in other income. After an account becomes 180 or more days past due, any remaining balance is fully-reserved less an estimated recovery amount.</div></div> 3580000 0 19902000 25179000 113043000 183187000 4371000 4410000 <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund had $20.9 million and $26.8 million of leases and loans on nonaccrual status as of September 30, 2012 and December 31, 2011, respectively.&#160;&#160;The credit quality of the Fund's investment in leases and loans as of September 30, 2012 and December 31, 2011 are as follows (in thousands):</div><div style="text-align: justify; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30, </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31, </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Performing</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">95,682</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">162,548</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Nonperforming</div></td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">20,943</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">26,800</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">189,348</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div> 96723000 198640000 791000 4919000 958000 1273000 217000 360000 958000 1273000 13700000 213000 256000 891000 1152000 -860000 -716000 1246000 45000 -93000 267000 0 0 0 -126000 -129000 33000 -6883000 -4309000 3090000 4725000 9880000 16937000 2144000 4212000 7214000 14874000 4471000 7325000 9355000 9355000 129000 655000 233000 717000 102246000 168599000 126446000 207391000 24732000 39027000 1259537 1259537 0.01 94000000 4630000 6510000 4410000 9854000 4371000 4919000 116625000 189348000 32801000 56654000 83301000 130788000 523000 1645000 0 261000 116625000 189348000 112254000 184938000 <div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 3 &#8211; INVESTMENT IN LEASES AND LOANS</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's investment in leases and loans, net, consists of the following (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 56%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Direct financing leases (1)</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">32,801</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">56,654</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Loans (2)</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">83,301</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">130,788</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Operating leases</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">523</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,645</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Future payment card receivables</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: symbol, serif; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">261</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="width: 56%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">189,348</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Allowance for credit losses</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(4,371</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(4,410</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">112,254</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">184,938</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-indent: 0pt; display: block;">&#160;</div><div style="text-indent: 0pt; display: block;"><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 11.5pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 27pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(1)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">The Fund's direct financing leases are for initial lease terms generally ranging from 24 to 120 months.</div></td></tr></table></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 11.5pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 27pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(2)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">The interest rates on loans generally range from 7% to 16%.</div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The components of direct financing leases and loans, net, are as follows (in thousands):</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 90%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 42%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Leases</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Loans</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Leases</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Loans</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Total future minimum lease payments</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">32,221</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">91,203</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">58,450</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">145,038</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Unearned income</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(1,851</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(6,424</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(4,215</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(11,817</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Residuals, net of unearned residual income (1)</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,739</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: symbol, serif;">-</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,256</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Security deposits</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(308</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(1,478</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(837</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(2,433</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">32,801</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">83,301</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">56,654</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">130,788</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 18pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(1)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment.</div></td></tr></table></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's investment in operating leases, net, consists of the following (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 56%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Equipment</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,980</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">6,998</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Accumulated depreciation</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(3,457</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(5,353</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">523</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,645</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-align: center;">&#160;</div></div></div></div> 45342000 11073000 94256000 5762000 26254000 1728000 4097000 0 0 0 0 Pursuant to the Partnership Agreement, the General Partner is entitled to receive a subordinated annual asset management fee equal to 4% of gross rental payments for operating leases or 2% for full payout leases or a competitive fee, whichever is less. During the Fund's five-year investment period, the management fees will be subordinated to the payment to the Fund's limited partners of a cumulative annual distribution of 8.5% of their capital contributions, as adjusted by distributions deemed to be a return of capital. <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 1 &#8211; ORGANIZATION AND NATURE OF BUSINESS</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">LEAF Equipment Finance Fund 4, L.P. ("LEAF 4" or the "Fund"), a Delaware limited partnership, was formed on January 25, 2008 by its general partner, LEAF Asset Management, LLC (the "General Partner"), which manages the Fund. The General Partner is a Delaware limited liability company and a subsidiary of Resource America, Inc. ("RAI"). RAI is a publicly traded company (NASDAQ: REXI) that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its commercial finance, real estate and financial fund management segments. Through its offering termination date of October 30, 2009, the Fund raised $125.7 million by selling 1.2 million of its limited partner units. It commenced operations in September 2008.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund is expected to have a minimum of a nine-year life, consisting of an offering period of up to two years, a five-year reinvestment period and a subsequent maturity period of two years, during which the Fund's leases and secured loans will either mature or be sold. In the event the Fund is unable to sell its leases and loans during the maturity period, the Fund expects to continue to return capital to its partners as those leases and loans mature. All of the Fund's leases and loans mature by the end of 2032. The Fund expects to enter its maturity period beginning in October 2014. Contractually, the Fund will terminate on December 31, 2032, unless sooner dissolved or terminated as provided in the Limited Partnership Agreement (the "Partnership Agreement").</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund acquires diversified portfolios of equipment to finance to end users throughout the United States as well as the District of Columbia and Puerto Rico. The Fund also acquires existing portfolios of equipment subject to existing financings from other equipment finance companies, primarily an affiliate of its General Partner. The primary objective of the Fund is to generate regular cash distributions to its partners from its equipment finance portfolio over the life of the Fund.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">In addition to its 1% general partnership interest, the General Partner has also invested $1.0 million for a 0.85% limited partnership interest in the Fund.</div></div></div> 63382000 100922000 3139000 3641000 10516000 1452000 -67574000 -108018000 -3171000 -3678000 -10622000 -1467000 -2.49 -2.89 -8.35 -1.15 -3227000 -3700000 -10775000 -1440000 -106000 -10516000 -10622000 -153000 4001000 7448000 -56000 -22000 -153000 27000 95682000 20943000 162548000 26800000 6007000 9153000 20746000 34059000 123000 474000 730000 1568000 275000 604000 1081000 1964000 88000 217000 144000 277000 718000 831000 <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The following table is an age analysis of the Fund's receivables from leases and loans (presented gross of allowance for credit losses of $4.4 million for each period) as of September 30, 2012 and December 31, 2011, respectively (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 90%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30, 2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31, 2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="border-bottom: black 2px solid; text-align: center; width: 42%;"><div style="text-align: center; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Age of receivable</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Investment in </div><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">leases and loans</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Investment in </div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">l</font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">eases and loans</font></div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Current (a)</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">113,043</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96.9</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">183,187</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">96.7</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Delinquent:</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">31 to 91 days past due</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,541</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2.2</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,118</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2.2</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Greater than 91 days (b)</div></td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,041</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">0.9</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,043</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1.1</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">100.0</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">189,348</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">100.0</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">%</td></tr></table></div><div style="text-indent: 0pt; display: block;">&#160;</div><div style="text-indent: 0pt; display: block;"><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 18pt;">&#160;</td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(a)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due.</div></td></tr></table></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 18pt;">&#160;</td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(b)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">Balances in this age category are collectively evaluated for impairment.</div></td></tr></table></div></div> 23872000 38311000 38000 3779000 3817000 0 3817000 1200000 125700000 328000 481000 24200000 38792000 -716000 39027000 38311000 481000 -860000 24732000 23872000 328000 0 2875000 3817000 3817000 384000 411000 12000 1756000 0 90041000 -1511000 -1602000 65277000 102935000 3980000 6998000 3457000 5353000 2308000 3089000 8252000 12293000 <div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 10 &#8211; CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund relies on the General Partner and its affiliates to manage the Fund's operations and pays the General Partner or its affiliates fees to manage the Fund in accordance with the Partnership Agreement. The following is a summary of fees and costs of services and materials charged by the General Partner or its affiliates (in thousands):</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; width: 32%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Three Months Ended September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Nine Months Ended September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 32%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 32%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Administrative expenses</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">273</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">609</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">993</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,983</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 32%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Management fees</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div><div style="text-align: left; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Administrative Expenses</font>. The General Partner and its affiliates are reimbursed by the Fund for administrative services reasonably necessary to operate the Fund which do not exceed the General Partner's actual cost of those services.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Management Fees. </font>Pursuant to the Partnership Agreement, the General Partner is entitled to receive a subordinated annual asset management fee equal to 4% of gross rental payments for operating leases or 2% for full payout leases or a competitive fee, whichever is less. During the Fund's five-year investment period, the management fees will be subordinated to the payment to the Fund's limited partners of a cumulative annual distribution of 8.5% of their capital contributions, as adjusted by distributions deemed to be a return of capital.&#160;&#160;The General Partner has waived all future management fees.&#160;&#160;Approximately $1.4 million of management fees were waived for the nine month period ended September 30, 2012 and $6.1 million have been waived on a cumulative basis.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Due to Affiliates. </font>Due to affiliates includes amounts due to the General Partner and its affiliates related to acquiring and managing portfolios of equipment, management fees and reimbursed expenses.</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div></div></div></div> 273000 609000 993000 1983000 70628000 193920000 12319000 19202000 2780000 5453000 9971000 32619000 <div><div style="text-align: left; text-indent: 27pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's debt consists of the following (in thousands):</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 90%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 36%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 18%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December&#160;31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 36%; font-family: times new roman; font-size: 10pt;">&#160; </td><td colspan="8" valign="bottom" style="border-bottom: black 2px solid; width: 41%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30, 2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="width: 36%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 18%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Outstanding</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Interest rate per</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Outstanding</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 36%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="border-bottom: black 2px solid; width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Type</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Balance <font style="display: inline; font-size: 70%; vertical-align: text-top;">(1) (2)</font></div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">annum</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Balance</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 36%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">2011-1 Term Securitization</div></td><td valign="bottom" style="width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Term</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">34,096</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">1.7% to 5.5%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">56,205</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 36%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">2010-1 Term Securitization</div></td><td valign="bottom" style="width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Term</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">10,545</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">5.00</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">%</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">21,825</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 36%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">2010-3 Term Securitization</div></td><td valign="bottom" style="padding-bottom: 2px; width: 18%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Term</div></td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">45,764</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td colspan="2" valign="bottom" style="padding-bottom: 2px; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">3.5% to 5.5%</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">79,881</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td valign="bottom" style="padding-bottom: 4px; width: 36%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 18%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">90,405</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; padding-bottom: 4px; width: 9%; font-family: times new roman; font-size: 10pt;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">157,911</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><br /></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 17.95pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(1)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund's term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.</div></td></tr></table></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 17.95pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(2)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively.</div></td></tr></table></div></div> <div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;"><font style="letter-spacing: 9pt;">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160; Debt Repayments</font>:&#160;&#160;Excluding $3.9 million of&#160;&#160;remaining unamortized discount on the term securitizations, estimated annual principal payments on the Fund's aggregate borrowings over the next five annual periods ended September 30, and thereafter, are as follows (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2013</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">45,342</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2014</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">26,254</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2015</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">11,073</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2016</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">5,762</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">September 30, 2017</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">4,097</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 68%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Thereafter</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">1,728</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 68%; font-family: times new roman; font-size: 10pt;">&#160; </td><td align="left" valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">94,256</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund relies on the General Partner and its affiliates to manage the Fund's operations and pays the General Partner or its affiliates fees to manage the Fund in accordance with the Partnership Agreement. The following is a summary of fees and costs of services and materials charged by the General Partner or its affiliates (in thousands):</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="padding-bottom: 2px; width: 32%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Three Months Ended September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" nowrap="nowrap" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Nine Months Ended September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 32%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 32%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Administrative expenses</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">273</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">609</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">993</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,983</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 32%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Management fees</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The components of direct financing leases and loans, net, are as follows (in thousands):</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 90%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 42%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="6" valign="bottom" style="border-bottom: black 2px solid; width: 22%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Leases</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Loans</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Leases</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Loans</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Total future minimum lease payments</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">32,221</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">91,203</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">58,450</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">145,038</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Unearned income</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(1,851</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(6,424</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(4,215</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(11,817</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Residuals, net of unearned residual income (1)</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">2,739</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: symbol, serif;">-</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,256</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: symbol, serif; font-size: 10pt;">-</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 42%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Security deposits</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(308</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td align="left" valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(1,478</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(837</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(2,433</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 42%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">32,801</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">83,301</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">56,654</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">130,788</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 18pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(1)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment.</div></td></tr></table></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's investment in operating leases, net, consists of the following (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 56%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Equipment</div></td><td align="left" valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">3,980</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">6,998</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Accumulated depreciation</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(3,457</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">(5,353</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">523</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,645</td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div></div> <div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's investment in leases and loans, net, consists of the following (in thousands):</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: center;"><table cellpadding="0" cellspacing="0" style="width: 80%; font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" style="width: 56%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">December 31,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td><td colspan="2" valign="bottom" style="border-bottom: black 2px solid; width: 10%;"><div style="text-align: center; text-indent: 0pt; display: block; font-family: times new roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">2011</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Direct financing leases (1)</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">32,801</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">56,654</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Loans (2)</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">83,301</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">130,788</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" style="width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Operating leases</div></td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">523</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">1,645</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Future payment card receivables</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: symbol, serif; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">261</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="width: 56%; display: inline; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">116,625</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="width: 1%; display: inline; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;">189,348</td><td nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr><tr bgcolor="white"><td align="left" valign="bottom" style="padding-bottom: 2px; width: 56%;"><div style="text-align: left; text-indent: -9pt; display: block; font-family: times new roman; margin-left: 9pt; font-size: 10pt; margin-right: 0pt;">Allowance for credit losses</div></td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(4,371</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td><td valign="bottom" style="padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 2px solid; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">(4,410</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; font-family: times new roman; font-size: 10pt;">)</td></tr><tr bgcolor="#cceeff"><td valign="bottom" style="padding-bottom: 4px; width: 56%; font-family: times new roman; font-size: 10pt;">&#160; </td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">112,254</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td><td valign="bottom" style="border-bottom: black 4px double; text-align: left; width: 1%; font-family: times new roman; font-size: 10pt;">$</td><td valign="bottom" style="border-bottom: black 4px double; text-align: right; width: 9%; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">184,938</font></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; font-family: times new roman; font-size: 10pt;">&#160;</td></tr></table></div><div style="text-indent: 0pt; display: block;">&#160;</div><div style="text-indent: 0pt; display: block;"><hr noshade="noshade" size="1" style="text-align: left; width: 40%; color: black;" /></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 11.5pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 27pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(1)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">The Fund's direct financing leases are for initial lease terms generally ranging from 24 to 120 months.</div></td></tr></table></div><div><table align="center" border="0" cellpadding="0" cellspacing="0" style="width: 100%; font-family: times new roman; font-size: 10pt;"><tr valign="top"><td style="width: 11.5pt;"><div style="display: inline; font-family: Times New Roman; font-size: 10pt;"></div></td><td style="width: 27pt;"><div style="text-indent: 0pt; font-family: Times New Roman; margin-left: 0pt; font-size: 70%; vertical-align: text-top; margin-right: 0pt;">(2)</div></td><td><div style="text-align: left; font-family: Times New Roman; font-size: 70%; vertical-align: text-top;">The interest rates on loans generally range from 7% to 16%.</div></td></tr></table></div></div> 90405000 157911000 34100000 308000 1478000 837000 2433000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 2 &#8211; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Basis of Presentation</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div></div><div style="text-align: left; text-indent: 27pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The consolidated financial statements include the accounts of the Fund and its wholly owned subsidiary LEAF Receivables Funding 4, LLC. The consolidated financial statements also include LEAF Funds Joint Venture 2, LLC ("LEAF Funds JV2") and its subsidiaries LEAF Commercial Finance Fund, LLC (LCFF) and LEAF Receivables Funding 6, LLC, as well as LEAF Funding, LLC ("LEAF Funds JV1") and its wholly owned subsidiaries LEAF Capital Funding III, LLC and LEAF Receivables Funding II, LLC. The Fund maintains a 98%, and 96% ownership interest in LEAF Funds JV2 and LEAF Funds JV1, respectively. All intercompany accounts and transactions have been eliminated in consolidation.</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The accompanying unaudited financial statements reflect all adjustments that are, in the opinion of management, of a normal and recurring nature and necessary for a fair statement of the Fund's financial position as of September 30, 2012, and the results of its operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of results of the Fund's operations for the 2012 fiscal year. The financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") for interim financial reporting.&#160;&#160;Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted pursuant to those rules and regulations. These interim financial statements should be read in conjunction with the Fund's financial statements and notes thereto presented in the Fund's Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on March 28, 2012.</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund has evaluated subsequent events through the date the financial statements were issued.&#160;&#160;As described further in note 6, the Fund amended the indenture and servicing agreement on the 2010-3 Term Securitization on October 15, 2012.&#160;&#160;The effective date of these amendments was July 31, 2012.</div></div><div style="text-indent: 0pt; display: block;">&#160;</div><div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Use of Estimates</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for credit losses and the estimated unguaranteed residual values of leased equipment, among others. The Fund bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.</div></div><div><div style="text-align: left; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><br /><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Investments in Commercial Finance Assets</font></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">The Fund's investments in commercial finance assets consist of direct financing leases, operating leases, and loans.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Direct Financing Leases.</font> Certain of the Fund's lease transactions are accounted for as direct financing leases (as distinguished from operating leases). Such leases transfer substantially all benefits and risks of equipment ownership to the customer. The Fund's investment in direct financing leases consists of the sum of the total future minimum lease payments receivable and the estimated unguaranteed residual value of leased equipment, less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted payments plus the estimated unguaranteed residual value expected to be realized at the end of the lease term over the cost of the related equipment.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Unguaranteed residual value represents the estimated amount to be received at lease termination from lease extensions or ultimate disposition of the leased equipment. The estimates of residual values are based upon the General Partner's history with regard to the realization of residuals, available industry data and the General Partner's experience with respect to comparable equipment. The estimated residual values are recorded as a component of investments in leases. Residual values are reviewed periodically to determine if the current estimate of the equipment's fair market value appears to be below its recorded estimate. If required, residual values are adjusted downward to reflect adjusted estimates of fair market values. Upward adjustments to residual values are not permitted.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Operating Leases.</font> Leases not meeting the criteria to be classified as direct financing leases are deemed to be operating leases. Under the accounting for operating leases, the cost of the leased equipment, including acquisition fees associated with lease placements, is recorded as an asset and depreciated on a straight-line basis over the equipment's estimated useful life, generally up to seven years. Rental income consists primarily of monthly periodic rental payments due under the terms of the leases. The Fund recognizes rental income on a straight line basis.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">A review for impairment of operating leases is performed whenever events or changes in circumstances indicate that the carrying amount of the operating leases may not be recoverable.&#160;&#160;The Fund writes down its rental equipment to its estimated net realizable value when it is probable that its carrying amount exceeds its fair value and the excess can be reasonably estimated; gains are only recognized upon actual sale of the rental equipment.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Loans.</font> For term loans, the investment in loans consists of the sum of the total future minimum loan payments receivable less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted loan payments over the cost of the loan. For all other loans, interest income is recorded at the stated rate on the accrual basis to the extent that such amounts are expected to be collected.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Allowance for Credit Losses. </font>The Fund evaluates the adequacy of the allowance for credit losses (including investments in leases and loans) based upon, among other factors, management's historical experience on the portfolios it manages, an analysis of contractual delinquencies, economic conditions and trends and equipment finance portfolio characteristics, adjusted for expected recoveries.&#160;&#160;In evaluating historic performance of the Fund's leases and loans, the Fund performs a migration analysis, which estimates the likelihood that an account progresses through delinquency stages to ultimate charge-off unless individually reviewed for impairment.&#160;&#160;In an individual review for impairment the Fund considers the loans performance, probability of repayment, and general and local economic conditions when assessing whether impairment is necessary.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Income is not recognized on leases and loans when a default on payment exists for a period of 90 days or more. Generally, income recognition resumes when a lease or loan becomes less than 90 days delinquent. Fees from delinquent payments are recognized when received and are included in other income. After an account becomes 180 or more days past due, any remaining balance is fully-reserved less an estimated recovery amount.</div></div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Other Income</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Other income includes miscellaneous fees charged by the Fund such as late fee income, among others.&#160;&#160;&#160;&#160;The Fund recognizes late fee income as fees are collected. Late fee income was $129,000 and $655,000, respectively, for the three and nine months ended September 30, 2012 and $233,000 and $717,000, respectively, for the three and nine months ended September 30, 2011.</div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-indent: 0pt; display: block; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Recent Accounting Standards</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt; text-decoration: underline;">Accounting Standards Recently Adopted</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Comprehensive Income</font> - In June 2011, the FASB issued an amendment to eliminate the option to present components of other comprehensive income as part of the statement of changes in equity.&#160;&#160;The amendment requires that all non-owner changes in equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In the two-statement approach, the first statement should present total net income and its components followed consecutively by a second statement that should present total other comprehensive income, the components of other comprehensive income, and the total of comprehensive income. The Fund adopted the two-statement approach for the period beginning January 1, 2012.&#160;&#160;However, adoption of this standard did not impact the Fund's financial statements for the three and nine months ending September 30, 2012 as the Fund had no items of other comprehensive income.</div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Fair Value Measurements</font> - In May 2011, the FASB issued an amendment to revise the wording used to describe the requirements for measuring fair value and for disclosing information about fair value measurements. For many of the requirements, the FASB does not intend for the amendments to result in a change in the application of the current requirements. Some of the amendments clarify the FASB's intent about the application of existing fair value measurement requirements, such as specifying that the concepts of highest and best use and valuation premise in a fair value measurement are relevant only when measuring the fair value of nonfinancial assets. Other amendments change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements such as specifying that, in the absence of a Level 1 input, a reporting entity should apply premiums or discounts when market participants would do so when pricing the asset or liability. This guidance was adopted by the Fund for the period beginning January 1, 2012 and did not significantly impact the Fund's consolidated financial statements.</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div></div></div></div> 0 -166000 <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Use of Estimates</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for credit losses and the estimated unguaranteed residual values of leased equipment, among others. The Fund bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.</div></div> 1259537 1259537 1259537 1259537 2 4 1 1 6 3 5 6100000 1400000 0.085 P5Y 0.02 0.04 19900000 24800000 1 1 0.009 0.011 1041000 2043000 0.022 0.022 2541000 4118000 0.969 0.967 0.16 0.07 P120M P24M 180 or more days past due 90 days or more P7Y 0.98 0.96 0.0085 1000000 P2Y P5Y P2Y P9Y <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 7 &#8211; SUBORDINATED NOTES PAYABLE</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">LCFF has $9.4 million of 8.25% secured subordinated promissory notes (the "Notes") outstanding, which are recourse to LCFF only. The Notes were issued to private investors and require interest only payments until their maturity in February 2015. LCFF may call or redeem the Notes, in whole or in part, at any time during the interest only period.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><font style="font-style: italic; display: inline;">Covenants</font>:&#160;&#160;The Notes are subject to various covenants as set forth in their indenture, including an interest coverage ratio test, which LCFF was not in compliance with as of September 30, 2012.&#160;&#160;LCFF notified the Trustee of this breach in April 2012.&#160;&#160;As a result, the noteholders have the right to declare an event of default, which to date has not occurred.&#160;&#160;If the noteholders would declare an event of default they have various rights and remedies available to them including (1) the right to declare all amounts currently outstanding under the Notes as immediately due and payable; (2) the right to take immediate possession of the assets of LCFF; and (3) the right to sell or otherwise dispose of the assets of LCFF in their current condition.&#160;&#160;If the noteholders choose to repossess and sell LCFF's assets, such a sale of a portfolio could be at prices lower than its carrying value, which could result in losses to the Fund. At September 30, 2012, LCFF had approximately $50.1 million in commercial finance assets, of which $34.1 million had been pledged as collateral on the 2011-1 Term Securitization.</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Notwithstanding the foregoing, LCFF is not, nor has been, delinquent on any payments of interest owed to the noteholders.</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div></div></div> <div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">NOTE 5 &#8211; DEFERRED FINANCING COSTS</div><div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div style="text-align: justify; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">As of September 30, 2012 and December 31, 2011, deferred financing costs include $1.6 million and $2.6 million, respectively, of unamortized deferred financing costs which are being amortized over the terms of the estimated life of the related debt. Accumulated amortization as of September 30, 2012 and December 31, 2011 was $4.2 million, and $3.1 million, respectively.</div><div style="text-align: left; text-indent: 36pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div></div></div> Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment. The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively. These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund's term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged. Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due. The Fund's direct financing leases are for initial lease terms generally ranging from 24 to 120 months. The interest rates on loans generally range from 7% to 16%. Balances in this age category are collectively evaluated for impairment. EX-101.SCH 7 lfor-20120930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 010000 - Statement - Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 020000 - Statement - Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 030000 - Statement - Consolidated Statements of Changes in Partners' (Deficit) Capital (Unaudited) link:presentationLink link:calculationLink link:definitionLink 040000 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 060100 - Disclosure - ORGANIZATION AND NATURE OF BUSINESS link:presentationLink link:calculationLink link:definitionLink 060200 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 060300 - Disclosure - INVESTMENT IN LEASES AND LOANS link:presentationLink link:calculationLink link:definitionLink 060400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY link:presentationLink link:calculationLink link:definitionLink 060500 - Disclosure - DEFERRED FINANCING COSTS link:presentationLink link:calculationLink link:definitionLink 060600 - Disclosure - DEBT link:presentationLink link:calculationLink link:definitionLink 060700 - Disclosure - SUBORDINATED NOTES PAYABLE link:presentationLink link:calculationLink link:definitionLink 060800 - Disclosure - DERIVATIVE INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 060900 - Disclosure - FAIR VALUE MEASUREMENT link:presentationLink link:calculationLink link:definitionLink 061000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES link:presentationLink link:calculationLink link:definitionLink 061100 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 070200 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 080300 - Disclosure - INVESTMENT IN LEASES AND LOANS (Tables) link:presentationLink link:calculationLink link:definitionLink 080400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables) link:presentationLink link:calculationLink link:definitionLink 080600 - Disclosure - DEBT (Tables) link:presentationLink link:calculationLink link:definitionLink 080900 - Disclosure - FAIR VALUE MEASUREMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 081000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Tables) link:presentationLink link:calculationLink link:definitionLink 090100 - Disclosure - ORGANIZATION AND NATURE OF BUSINESS (Details) link:presentationLink link:calculationLink link:definitionLink 090200 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 090300 - Disclosure - INVESTMENT IN LEASES AND LOANS (Details) link:presentationLink link:calculationLink link:definitionLink 090400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Details) link:presentationLink link:calculationLink link:definitionLink 090500 - Disclosure - DEFERRED FINANCING COSTS (Details) link:presentationLink link:calculationLink link:definitionLink 090600 - Disclosure - DEBT (Details) link:presentationLink link:calculationLink link:definitionLink 090700 - Disclosure - SUBORDINATED NOTES PAYABLE (Details) link:presentationLink link:calculationLink link:definitionLink 090800 - Disclosure - DERIVATIVE INSTRUMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 090900 - Disclosure - FAIR VALUE MEASUREMENT (Details) link:presentationLink link:calculationLink link:definitionLink 091000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 lfor-20120930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 lfor-20120930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 lfor-20120930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Amendment Flag Current Fiscal Year End Date Document Period End Date Entities [Table] Entity [Domain] Entity Information [Line Items] Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Filer Category Entity Registrant Name Entity Central Index Key Document Fiscal Year Focus Document Fiscal Period Focus Legal Entity [Axis] Document Type SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] Receivable Type [Axis] Receivable Type [Axis] Accounts payable, accrued expenses and other liabilities Investment in Leases and Loans [Line Items] Accumulated amortization Amortization of deferred charges and discount on debt Adjustments to reconcile net loss to net cash provided by operating activities: Administrative expenses reimbursed to affiliate Recoveries ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY Allowance for Credit Losses [Text Block] Allowance for credit losses activity Charge-offs Allowance for Loan and Lease Losses, Write-offs Provisions for credit losses Term Securitization 2011-1 [Member] ASSETS Total assets Assets Basis of Presentation Total future minimum lease payments Residuals, net of unearned residual income Capital Leases, Net Investment in Direct Financing Leases, Unguaranteed Residual Values of Leased Property Unearned income Capital Leases, Net Investment in Direct Financing Leases, Deferred Income Direct financing leases and loans [Abstract] Investment in leases and loans, net Commercial finance assets Carrying Value [Member] Restricted cash pledged as collateral Cash Cash, beginning of period Cash, end of period (Decrease) increase in cash Cash, Period Increase (Decrease) COMMITMENTS AND CONTINGENCIES Commitments and Contingencies Disclosure [Text Block] COMMITMENTS AND CONTINGENCIES [Abstract] Commitments and contingencies (note 11) Long-term debt Debt Instrument [Line Items] Schedule of Long-term Debt Instruments [Table] Maturity date, upper range Debt Debt Instrument, Fair Value Disclosure DEBT Debt Disclosure [Text Block] DEBT [Abstract] Asset-backed notes face amount Debt Instrument, Face Amount Maturity date, lower range Interest rate (in hundredths) Interest rate, maximum (in hundredths) Net unamortized original issue discount Interest rate, minimum (in hundredths) Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum Interest rate (in hundredths) Debt Instrument, Interest Rate, Stated Percentage Deferred financing costs, net Deferred financing costs DEFERRED FINANCING COSTS [Abstract] DERIVATIVE INSTRUMENTS Derivative Instruments and Hedging Activities Disclosure [Text Block] DERIVATIVE INSTRUMENTS [Abstract] Mark to market losses on derivative liabilities Due to affiliates Due to Related Parties Fair Value [Member] Gain on extinguishment of debt Gain on extinguishment of debt Fair Value, Hierarchy [Axis] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value, Measurements, Fair Value Hierarchy [Domain] Fair value disclosure, liabilities [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] FAIR VALUE MEASUREMENT [Abstract] FAIR VALUE MEASUREMENT Fair Value Disclosures [Text Block] Carrying value and fair value of funds Level 3 [Member] Level 1 [Member] Fair Value, Inputs, Level 1 [Member] Level 2 [Member] Fair Value, Inputs, Level 2 [Member] Investments in Commercial Finance Assets Direct Financing Leases [Member] Fair value of financial instruments for which it is practicable to estimate that value [Abstract] Aging of investment in leases and loans [Abstract] Ending balance, individually evaluated for impairment Investment in leases and loans [Line Items] Allowance for credit losses activity [Abstract] Credit Quality Indicator [Axis] Delinquent [Abstract] Allowance for credit loss [Abstract] Ending balance individually evaluated for impairment Financing Receivable, by Credit Quality Indicator [Domain] Current Financing Receivable, Recorded Investment, Current Allowance for credit losses Allowance for credit losses Credit quality indicators Ending balance collectively evaluated for impairment Ending balance, collectively evaluated for impairment Gains on sale of equipment and lease dispositions, net Gain (Loss) on Sale of Property Plant Equipment Gains on sale of equipment and lease dispositions, net Gain on extinguishment of debt Gains (Losses) on Extinguishment of Debt General Partner Amount [Member] General and administrative expenses General partner Recorded investment in leases and term loans [Abstract] Consolidated Statements of Operations (Unaudited) [Abstract] Due to affiliates Increase (Decrease) in Partners' Capital [Roll Forward] Increase (Decrease) in Partners' Capital [Roll Forward] Accounts payable, accrued expenses, and other liabilities Changes in operating assets and liabilities: Loss on derivative activities Increase (Decrease) in Fair Value of Derivative Instruments, Not Designated as Hedging Instruments Other assets Increase (Decrease) in Other Operating Assets Decrease in restricted cash Increase (Decrease) in Restricted Cash Interest expense Interest on equipment financings Cash paid for interest Subordinated notes payable Subordinated notes payable Long-term Debt, Type [Domain] Long-term Debt, Type [Axis] Late fee income Late Fee Income Generated by Servicing Financial Assets, Amount Liabilities: Total liabilities Liabilities LIABILITIES AND PARTNERS' (DEFICIT) CAPITAL Total liabilities and capital Liabilities and Equity Limited Partners [Member] Limited partners Balance (in units) Balance (in units) Limited Partners' Capital Account, Units Outstanding Ownership interest (in hundredths) Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY [Abstract] Leases and loan pledged as collateral Allowance for credit losses, beginning of period Allowance for credit losses end of period Balance, end of period Loans and Leases Receivable, Allowance Total aged investment in leases and loans Loans and Leases Receivable, Gross Investment in leases and loans, gross Loans and Leases Receivable, Net of Deferred Income Loans [Member] Loans Receivable [Member] Investment in leases and loans, net Loans and Leases Receivable, Net Amount INVESTMENT IN LEASES AND LOANS Loans, Notes, Trade and Other Receivables Disclosure [Text Block] September 30, 2013 Long-term Debt, Maturities, Repayments of Principal in Next Rolling Twelve Months September 30, 2015 Long-term Debt, Maturities, Repayments of Principal in Rolling Year Three Total Long-term Debt September 30, 2016 Long-term Debt, Maturities, Repayments of Principal in Rolling Year Four September 30, 2014 Long-term Debt, Maturities, Repayments of Principal in Rolling Year Two Debt repayments over the next five annual periods [Abstract] Thereafter September 30, 2017 Long-term Debt, Maturities, Repayments of Principal in Rolling Year Five Management fees Management fee description Nonperforming [Member] ORGANIZATION AND NATURE OF BUSINESS Nature of Operations [Text Block] Cash flows from financing activities: Net cash provided by investing activities Net Cash Provided by (Used in) Investing Activities Net loss allocated to LEAF 4's limited partners Net Income (Loss) Allocated to Limited Partners Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities Cash flows from investing activities: Net loss attributable to LEAF 4 partners Net Income (Loss) Allocated to General Partners Cash flows from operating activities: Net loss per weighted average limited partner unit (in dollars per share) Net loss Net loss Net loss Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities Less: Net loss (income) attributable to the noncontrolling interest Net Income (Loss) Attributable to Noncontrolling Interest Other Income [Abstract] Investment in leases and loans Financing Receivable, Net Non-Controlling Interest [Member] Expenses: Expenses Operating Expenses Depreciation on operating leases Rental income ORGANIZATION AND NATURE OF BUSINESS [Abstract] Other assets Other income Performing [Member] Age analysis Past Due Financing Receivables [Table Text Block] Total Partners' (Deficit) Capital [Member] Statement, Partner Capital Components [Axis] Partner Capital Components [Domain] Total partners' capital Partners' Capital Partners' (Deficit) Capital: Cash distributions paid Partners' Capital Account, Distributions Units sold during offering termination date (in units) Partners' Capital Account, Units, Sold in Public Offering Funds raised during offering termination date Partners' Capital Account, Public Sale of Units Noncontrolling interest Total capital Balance Balance Partners' Capital, Including Portion Attributable to Noncontrolling Interest Termination of financial derivatives Payments for (Proceeds from) Derivative Instrument, Financing Activities Cash distributions to partners Payments of Capital Distribution Purchases of leases and loans Payments to Acquire Loans and Leases Held-for-investment Increase in deferred financing costs Payments of Financing Costs Borrowings of debt Security deposits returned, net of collections Proceeds from leases and loans Equipment Investment in operating leases, net [Abstract] Property Subject to or Available for Operating Lease, Net [Abstract] Accumulated depreciation Property Subject to or Available for Operating Lease, Accumulated Depreciation Provision for credit losses Receivable Type [Domain] Receivable Type [Domain] INVESTMENT IN LEASES AND LOANS [Abstract] CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES Related Party Transactions Disclosure [Text Block] Administrative expenses CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES [Abstract] Repayment of debt Repayments of Bank Debt Restricted cash Revenues Revenues Revenues: Schedule of Cost Method Investee, Name [Axis] Schedule of debt Debt repayments Schedule of Cost - Method Investments [Table] Schedule of Financing Receivable, Recorded Investment, Credit Quality Indicator [Table] Summary of related party fees Schedule of Consolidated Investments [Line Items] Components of direct financing leases and loans Schedule of Financing Receivables, Minimum Payments [Table Text Block] Net operating leases Schedule of Property Subject to or Available for Operating Lease [Table Text Block] Investment in Leases and Loans [Table] Net leases and loan investments Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Debt Pledged as collateral on the 2011-1 Term Securitization Security Owned and Pledged as Collateral, Fair Value Security deposits Security Deposit Liability SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Significant Accounting Policies [Text Block] Statement [Table] Statement [Line Items] Consolidated Statement of Changes in Partners' (Deficit) Capital (Unaudited) [Abstract] Consolidated Statements of Cash Flows (Unaudited) [Abstract] Consolidated Balance Sheets (Unaudited) [Abstract] Supplemental Cash Flow Disclosure: Loss on derivative hedging activities Unrealized Gain (Loss) on Derivatives Use of Estimates Weighted average number of limited partner units outstanding during the period (in shares) LEAF Commercial Finance Fund, LLC LEAF Commercial Finance Fund, LLC [Member] The number of classes of asset-backed notes issued, in upper range. Number Of Classes Of Asset Backed Notes Upper Range Number of classes of asset-backed notes, upper range The number of classes of asset-backed notes issued, in lower range. Number Of Classes Of Asset- Backed Notes, Lower Range Number of classes of asset-backed notes, lower range The number of classes of asset-backed notes issued that have varying maturity dates. Number of classes of asset backed notes Number of classes of asset-backed notes Securities that are primarily serviced by the cash flows of a discrete pool of receivables or other financial assets for example, but not limited to, credit card receivables, car loans, recreational vehicle loans, and mobile home loans. Term Securitization 2010-3 [Member] Term Securitization 2010-3 [Member] Securities that are primarily serviced by the cash flows of a discrete pool of receivables or other financial assets for example, but not limited to, credit card receivables, car loans, recreational vehicle loans, and mobile home loans. Term Securitization 2010-1 [Member] Term Securitization 2010-1 [Member] Amount of management fees waived by the General Partner. Management Fees Waived Management fees waived The percentage of cumulative annual return on limited partners capital contributions, as adjusted by distributions deemed to be a return of capital. Percentage Of Cumulative Annual Return On Limited Partners Capital Contributions Percentage of cumulative annual return on the limited partners capital contributions (in hundredths) Element represents the investment period of the fund. Funds investment period Fund's investment period The rate (based on full payout leases ) of fee for management of the day-to-day business functions of the entity. Management Fee Rate Based on full payout leases Management fee rate based on full payout leases (in hundredths) The rate (based on gross rental payments for operating leases) of fee for management of the day-to-day business functions of the entity. Management Fee Rate Based on gross rental payments Management fee rate based on gross rental payments (in hundredths) Recorded investment in financing receivables that are contractually current but there is uncertainty as to collectability of future payments due. Financing Receivable, Recorded Investment, Cost Recovery Method Contractually current but is recorded using cost recovery method The percentage of all aged lease and loan receivables Percentage Of All Aged Receivables Percentage of all aged receivables (in hundredths) The percentage related to aged lease and loan receivables greater than 91 past due. Past Due Greater Than91 Days Percentage Of All Aged Receivables Greater than 91 days, percentage of all aged receivables (in hundredths) Leases and loans receivables that are greater than 91 past due. Past Due Greater Than91 Days Greater than 91 Days Past due The percentage related to aged lease and loan receivables 31 to 91 past due. Past Due31 To91 Days Percentage Of All Aged Receivables 31 to 91 days past due, percentage of all aged receivables (in hundredths) Leases and loans receivables that are 31 to 91 past due. Past Due31 To91 Days 31 to 91 days past due The percentage related to current aged lease and loan receivables. Current Percentage Of All Aged Receivables Current, percentage of all aged receivables (in hundredths) The maximum interest rate for loans. Loan Interest Rate Maximum Loan interest rate, maximum (in hundredths) The minimum interest rate for loans. Loan Interest Rate Minimum Loan interest rate, minimum (in hundredths) The initial lease term, at maximum, of direct financing lease during the period. Direct Financing Initial Lease Term Maximum Direct financing initial lease term, maximum The initial lease term, at minimum, of direct financing lease during the period. Direct Financing Initial Lease Term Minimum Direct financing initial lease term, minimum Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates related to consumer credit cards. Consumer Credit Card Financing Receivable Future Payment Card [Member] Future Payment Card Receivables [Member] Amount representing operating leases receivables before deducting allowances. Operating Lease Receivable [Member] Operating Leases [Member] Remaining balance is fully-reserved less an estimated recovery amount. Remaining period of due on monthly payment Delinquency period with full allowance The period of default on monthly payment when income is not recognized in leases and loans. Period of default on monthly payment Period of default on monthly payment The estimated useful life for straight-line basis depreciation on operating lease equipment. Operating Lease Equipment Useful Life Operating lease equipment useful life The percentage ownership of the investee held using cost method accounting. Cost method investee ownership percentage Ownership interest (in hundredths) A related party fund where the entity owns interest. LEAF Funds JV1 [Member] LEAF Funds JV1 [Member] A related party fund where the entity owns interest. LEAF Funds JV2 [Member] LEAF Funds JV2 [Member] Type of cost method investment. Cost Method Investee [Domain] Cost Method Investee, Name [Domain] The percentage of General Partner's limited partnership interest in the fund. General Partner S Limited Partnership Interest General Partner's limited partnership interest (in hundredths) The amount of General Partner's limited partnership ownership interests in the fund. General Partner S Investment In Limited Partnership General Partner's investment in limited partnership interest The expected subsequent liquidation period of the fund. Expected Subsequent Liquidation Period Expected subsequent liquidation period The expected reinvestment period of the fund. Expected Reinvestment Period Expected reinvestment period The expected offering period of the fund. Expected Offering Period Expected offering period A period in the funds life cycle that fees will be subordinated per the partnership agreement. Fees subordination period Total expected life of the fund The entire disclosure of a borrowing that has a lower priority than senior instruments in case of liquidation of the entity's assets. SUBORDINATED NOTES PAYABLE [Text Block] SUBORDINATED NOTES PAYABLE SUBORDINATED NOTES PAYABLE [Abstract] The entire disclosure of the nature and amounts of deferred finance costs. These are costs relating to undertaking a financing with a third party. Can also be known as deferred loan costs or deferred debt issue costs. DEFERRED FINANCING COSTS [Text Block] DEFERRED FINANCING COSTS Document and Entity Information [Abstract] EX-101.PRE 11 lfor-20120930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT ZIP 12 0001140361-12-047093-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001140361-12-047093-xbrl.zip M4$L#!!0````(`)5A;D&<5\\=!XX``+''!P`1`!P`;&9OC\>M&$^AN?/[;>\\FK\SS+='VYN[ZZ)5N+_ MJ.32[0\]ZZ4;$*W5JI$BT55-)\]=M^>[#GED@P#Z)A>&P>R!7R(7MDW"XC[Q MF,^\5V:6BD7>^WO;LPD0Z_AG_*=U7N@&0?^L7'Y[>ROQ)R77>RGKJEHI6XX? M4,=@A5%YVW)^7U&KNM98-=BH1%S!>65^,-NVSXS2B_M:CMZ5 M^0P45:U8T<:58)Y?*.W'M3K4;X<]C%XD5#&9E=P)O$@H[@QZR6,P`Z\<#/NL M#"689QEQ!=?9H([K%.?J&>[`";QA,FVCEPGT&0//`]POJS=ZFS0P:AE^Y0(3/NA[K MG!<%(RRGJ5K@QN2%9>/2S`FL8#AZ M%C^U3/Z\8S&/A(2QF=&,^71Y^U/ABPI"7-7KS9KZN3Q?>=Q5.:&O44]]0*5K MSO/1KQ;S4Y9 MF!C!+$C@Q_A-&OS0-!U$1#)^:$5@244[!#]TM2&]N#7$$3@`0S^2]JW`FI?NKV^Z\#P_(MWR_]7]"U@C\K\ MS'IMYIV`[1-NLI<>BW5=_,($,M[[MF58040C,2TH%WWOC.S;LU4#+7P9ETH: M\>=R8B<3XLI)U(FJXS>8]CNK9\$'8(ZF/6G$N9MV>`F_\S#=TR/-W33?NPZO MY;DV?)B]W$)]C_FYF/95(\\6#.:^FW&5%V>5%WI[8`O4H)&`J-D>-6AC($K6 MHP1-E%.:*$*C"*T9H:R9X^S3HSDBF#DBS+2C/9&+:4:#0)`]BP/"0)7Q,%8] MX%:>-(=<,WM:!U03LU\0W//*'-CLH7/I$+=Z\Y6QPS?CCL"QXMA^#1$#PS!LJ%$?H6^O=NP/P[ESK^A6/> M1&YTSLLC,YCU2MLV^SJ<_'X>]EF(I:@0>#(`ARQ-E(/0N:(KHPP]+L3XLA<8=1UL".V\=6!YZE">E^#J,5H=? M!M2&$=\ZIF70P/4B'Q'F\8)0-Z$1N9&W.U>F'$O6LR=;IMS>@+IWG3YB:A6F M-N-0MF`5?2&@GLJ7GCIX+!_JJ3SJJ8-^1=;E\RL#O5T_E-Z6D1_:X?@1F4=W MKO,2,*]WQ=I!_-5VX?LL^$J-WYGYQ(R!9P66[-L&2>./#_"1?4R-DYB_,>[C*O'G!NA!WG_=3S+I2\5_(V[Q64=YSW M[,C[[(D-FG>"F'="G[9L@!G4&B?1&AF%#1J7.89-"!;V0NWK<#QQX-VEV^LQ MCR'K]3R_D'M`?LZC'_^%_": M>D9W>,=>F1UYS%'/&X8;\GW7"YAYT>-^%G&-R>T43+S;9@6<$"!,8,5R3/$)`&,(Z<,$`28$C^79,&,#*Y+[85 M,*[]P.J!W?O0B4OEWA#9AB>9@H[:A-9K$M^4HC;Y=Z!>.]%WX,"Q(E[^"@.= M8UZ/48Z:+Z-;S\Y^?;H:MS1^-=TZ;VI9T_J2ID=C[E*/^;NV79EKV[1>88[F MV<=KW//H%>Y[-"^3&X]UFL')+4YU=\4!^1X7&QV_G1KW)FRK MKIR2/OS<;$*^*Q8O0$^87%>0&YN^A%<(P@O^J1V_X2_("'^/_`*RQ$O%.M3V MH=N%FG%/E^'E<-`/Z#1JD]\8]=F?>-%QR:C@>LKNW8BBEYLYOF+],0E MH@+;TC%7?;[_,7*B3W7X9B=/`0T&"72,2L8%HW+KR?F-"_"Z9N;)"HDEES"5 M+ZXW7"0F?#]^O9Z&IQZU>8.34?)TAM093E,VT^8\08_LQ?(##Y9G"#XMX[) MWLE/+(%CHR)A"2BPGL#I)7YI,XL2/ZV";N"AGR3S$\T1%ME,ZF?E?:Z)I82, M--`:4J)2&Q+S2R6)E*DF%HGA^^Y)O?/GZSO4U.(OLUWR>I-U9A3>1?ITR)V" M%4(-PQN`C@-3%DQHYA,*J'*#+HB`;=&V98=GBF."YL/$OD7-7#CF1=3.W:3. M2'SA'4_\.5(>BP,(K^KDBV'X+#2BB,D,,,9M_[Q0K/`QU0!A@*U]>Q>7#='M MC6O8H%4KJ;-AT!O8X0W)M,?5772RDS#,<;F+J6)7K,.@P5%X(./Y^))$8LT$ MUPI?JKJZ,,&;=GC4P:R=)AA,14MC,%,%B=N!+J+"Q``S]V4$3Q.4"0<`@3(F M:P<+(S7_/8C2(MZXWDR+Z]3(:B#6JHVY$2[KZ%3CF;]>A;+2&XO`VNM59S(YH?F>&^@DF2L+[9MOL6GN*Z'H_I MAF4DS-%SY_HPJ$F]A\Y7:G*G@;VQ/+_2;TW`<4:U'=P;-4V*46TI$:HNQ:BV M%)I:HY[6L.*JI./")VH8Q$>B>N1_G_D>[%?;-7[_OU6#CFI%E7B5L,;Z[X`? M[>"3:;W^^!)\6OQ)_&!HL_,";Z)(;>O%.2-\Q;,ZPT\D?&@Y?(_VC*C]X!-? ME_LV'9Z1-N_[$PS&"8H=VK-L>/9L]6`T]^R-/+H]ZGPB/5C0+:=HL\ZX?EC> MM_[#SH@V>?#&K)7U^3FX9%GI^LG,?M5` M"^-*;8^4Q[^G&RLOY?`:9G/FS'&Z4C\(JY?P];G+,\8-\Z'O,A^'`*O?B M`61Y`W1&"(Q(".Q(".#U]]52E<#X;&['\1*,&ET2;;U_)#0L\\3Z07304U$5 MPD$>]GD%]$1/M?`I_!>Z[S.#+[WVD'RP'"#?'?A0V/]XM@X*VPO"(O^7L#O" MKU97DV"31(3!F>A-$!C-D,%LNT]-$^;LO`"*C/_M]ZDQ_GO4T)ME!MTSTE)_ MF`-0$`+(`0!Y$8#FX3+ISXM_F>0U).J\T':#P.W%W8PH*4:/SXC>?_]$1GU7 M]1W[CAE%0DX%YGYT:%N3D:"4.54G'Y`U*%2/SD* M#ZS4-_]6A]XXU>/NXH8LQ[8:>\;1>40HK**!@%U*F(#L8'80&P@-A`;J9"4W[VQBL9]_UL:,>F0 MAY[Y`3$':]P2\)/F5#*E*[6J)KXX(49.B9&2+@Q"<+-,(&!4%4UK"@,-5!XB M8D1DY9'FEMFZ.`'A[;:_>XP&S"-!ESJQ^?:AG<(!9[K'U+LB>QOWX!,)WS8D MIG/LH:BI6G]'GFD$G\S@4U,]@SW`/.]H:R+B1$6D`4%5+JMCP2\D6S0GJA-9VS992J::Y;8K:3A3IR3@3PQ_`-1C9>4%;OZ5=Y7EL0A-[!()/ MA>1T3%,_HWPYHWF*(I\*)`)4G#EG\TPZ@(M]4NG$@`G<_O3'P5PGS4UD96F= M=7,S0_UVF:0:?/2OS`LL@]KC*0I[@`$MW35?%P&TT:[_:JHWIG$48&K8`Y.9 M)$P+9?G$&"<%IQY@I=_WW/?P"A![2+[76J56G):*!TQ^KU=+SN$^;@,UP]X8@N>>6Y( M>BSHNB9W)>'N);P!R^&IC`?.J)-@R.D-W]DV4!$E!QYR,CJ#8`#M]NF0!][Z MO)'2BEG;5-N@&(HCAFO.J8XNAE^IS;/!^;$8\HQS,Z(X@FF4Q(W!K`W"I,X\ M.9S5ZU/+XUC=&Z8'RPJ8=F/;'X\>/Y=@>!7K&3$39/F(RP5L]E,L+\9A68%=+M4"[62#"1(HK028`WLZ!) M+D%Y2`*95B`%7RN%=\C[QCSX&.@![U?/;#Y]6T^8+*!54^I-<;Q:T>]9(&QH M=1Y1(X%3_+%\GZ50M?>NTT]1VZ(3EJA.6+JJM-`%4+2IS0WZZDI3/>31ZR&G M^J#N@`?9O$)'!3D=9-`=$'&'CEF[J^=#G0:N.E&1X?AN=,7YS"%8>$#KN$YQ M8O_O?2CVQC8]WE4(>S>@V?#QV%F"^CX+2!OPSL8$!%T:1,T"]ZQ7RXP<)Y:> M&I.DF\_\00^8`ZSRP_-`RHGCYX-6Y&ZQZ@8S6<[U]CF[V]/O8L<=?Q$.[!K; M$[+7>%S=56IQD*4\8^1G*-_UR3409>YZ4"W6N&:4XPE.(FK'P?`. MXE719!$O*07JWG)FY4GJ<[R3B=$Q3_%PJ3SBT7Q3DW6I/)%72%W8E031EWV/ M"K1C]D>?K'@[JK83"V,(JXRH,2F]P61(SW:Q?'M.(6T&51R^U>=V2)]YEFNN MGG0)78%*:DTZ;Z"J4J^D>=Z+BD`456JV0`$HF$& M#25M1X^6EM*L5<4'Q`%NFY+"#/OFN:^6SV,\%\PPM+A2HB*E7(\550(W;$3& MT9%14=2F.+=_H@TF#C*:BEZ3(ZY'0ITA`BQVMLHT7=%;$MPJG=_]L?2L>T1@897VHAH*9I`RVLV=(0( M<-C9X/J@-96F*LY&V#PDCA8^+8/M]1@E:;1VW`.3/6#UF(OQ\6-6:[(&K"+@ MI`1\ M)55`K)W<',YK_A/4:PBT+8&VLPDLLU[;=.MW_:%ZRF<&F\H&0`)7@C]==N% M"TGUI)>UW5?JTRE@X>4*H8!0R*F!AE#(F%8X'0YV-\&$AT)>`W.O';X!2-K1 MO;O*9HF2T>9*->A]UWC,6E.5Z=L&H7$L:!2S!8M,V6.H,;*N,4Z(BYT--*DT MQF&=Z:0+(YDWX3:Z0F,G$TYV]]AL!P"TRRTP4 M`.JXK.@X(4F4Q>'N!#$GJ<1:2Q=Q\G5L'8_"2X:,>JG8P-(YQF;4X1^=L!%K M&%R"P259PQKJ-00:!I>DMR6,X248/R#RX0;"`^&!I^4(CSQI#Q&PD>?PDFA+ M<$Q-=W2OG*Y/7T*:+=_'M2$G/#>CQZ_%MIQ7Y@?AD?F$J_$ORX%A4)ZVACHF M-.KUB.U2!\-2T`$]N^H:H8"&G0CA"/F%`N(@WV$IV8X'QL`4J:,/M);"<\-* M]%F$V#@6-O2:HC5:V<)&INPRU!N9UQLRQJ?(IS?PIA,,4<&(@5D:6W6EH:=Y M7Y48LRT&%8BY)59%4ZE716I%AQ>D8+C* MJ7:YCN_6K6EUI:[7#BBKZ-B-:(LW3_2*TI36M1M#5N1"&^HVA-KQ@E;DUFU3 M5F\YH,"D^*]I.V_-[\_E@5]\H;1_%N?)OG&]RS!+]EV8)/L9!OF5&ZQ?_OPG M0CY_5RRNNH"/\HU9*Q@6BU'Q=:T_.#>6`\^!:8_,8-8K'XC_S/\;=TP,X`O\ M\<@ZYP5#5S7X5]4"-_S5JJB%+R-K?'O#O%)?:Y@_A[-T#[/TF&"8J]L8YL]= M1B[=7I\ZP[_Z4\ZA_#=@SBGVF0:N%3C;PQCVVV50[?">\&-!O-)O,""M10F)R`M$$*V9B`H$N# MJ-F-W"E*A`^WX_*)YP,*(4K\00^8`ZSB[;$8+IP!X=\KH/4A+.,.?!BP_W'! M27;)I/][X`=69[C1O"_.[)*)G)/)62IB/1(.V&"V/=(*YP6U$/[M]ZDQ_GON MS$]5=_=&FOH*WFX79B^MM'F(VLHM@<;VA$0/WD8>YVW7-M>OC"`1P'V@K;Y4 MJZ_;?QE17&DUIEW4@K4O>7,RA-!,=I!C`Z,SYEM8EPJ M-Y9E?=^E4FMJLBZ5W,(^P4I2%W8E0?0=%WT:VC&GM&-V1I^L>#NJMA,+8PBK MC*BQ8]J1N8JK6K'SJY`V@RH.W^IS.Z3//,LU=_(Z$-G]7<:PF:I2KZ3IV8/Q M$)(#HJ[4M$P``H.GTM(0U6P``M&0SL%X2VG6JN(#(J_W+G[SW%?+MUQGT0Q# MBRLE*M)QGE,J:E-\.4)D'!T9%45MINEXA#:8>%D!=Z.AJ>@U/0O(0%BD;)5I MNJ*WT@P,DR(<1R;#[+(+SUG1[730$!-*J7[0E:;6$$9T/B(B3HZ(FE*MI'D[ MQK$1@897VHAH*9I`RVLV=(0(<-C9X/J@-96F*LY&V#PD,$W0E.W%DVZ_,L_: M<0],]O0$F<[#HM=D34V`@),2<(U:SNX*/GG$"$G$KY MT+;[9J)2:]0EA1SF^]G4*V^<`F@/=SSI4Q=D,BT+WNV*6#L>UN2]VQ43`,F& M-=1K"#2\LSHMU\?UA^IX8W76CC97T2":KPC"`^&!_H<(CSQI#Q&PD><;J[/M MB+CV=NH5VX5X\_2$BM,I8.'E"J&`4,BI@890R)A6.!T.\G?S=.8#<_'>:5ES M8E246E.5Z=L&H7$L:!2S!8M,V6.H,;*N,4Z(BYT--*DTQF&=Z:0+(\';IC$` M`,AIM'(6`"#D5.8(<(=V1A$0DMR6,X248/R#RX0;"`^&!I^4( MCSQI#Q&PD>?PDFA+<$Q-=W2OG*Y/7T*:+=_'M2$G/#>CQZ_%MIQ7Y@?AD?F$ MJ_$ORX%A4)ZVACHF-.KUB.U2!\-2T`$]N^H:H8"&G0CA"/F%`N(@WV$IV8X' MQL`4J:,/M);"<\-*]%F$V#@6-O2:HC5:V<)&INPRU!N9UQLRQJ?(IS?PIA,, M4<&(@5D:6W6EH:=Y7Y48LRT&%8BY)59%4ZE716I%AQ>D8+C*J7:YCN_6K6EUI:[7#BBKZ-B-:(LW3_2*TI36M1M#5N1" M&^HVA-KQ@E;DUFU35F\YH,"D^*]I.V_T^W-YX/\_>T_:VSJ2X_<%]C_4&MV8 M!+`]DGQW;P?(R_$FO3G>)GEO/S06`T4NQS4M2VZ5E&-__9(L7;8E6[[MQ(.9 M-XY=!\DB6615D:P\F^;PES@?]J7KG5$V[&M*AGWG7`H'O@?P[[G%Q0L.*1_Q MWT?`\PO:K"?__F^,_>=_5"JC2;6O7=.A-XS7^)R1J?'*['\\X?.*V^O)2D7U MS((!.Y\Z7>JJ>E*_.^C&+"`(S'W/>[^5+$/3#:VEZ;Y+GSHUK<0"1ZA?OVN: M7F)=;HF!:"3Z5 MLUYOCL)'HRTVI:X;-7V62&NM6D>?-N474PJ)YU#?/"ZYXU/,Q#@$U.BN=VI9 M;N#X8(-\A.=R\Q_1:3-/Z![)7+L%<^T^XX1.RSRAHR]> MPYB8)]?N3CFTRZ#2N#67@\Z_`NF+WGL1C"9ASH%GS.QO?1=? MB[JO#@PE@RDE2UG(U`L?*-3+[/KZK,J*P0$"Y,;`T)@XCF2_ MN\+QV0]H$WB<&30F.RJE6_PP2L M[YOPI4>/N4E8W:%P@*HHNP"B^4S]R_BG"?Z[!SL4K9/'K<#S<&)8%10I_-(! M!I,2I1EM#)/U3.$E0*35P=]D"LRA*P6N)$H$M'G@0^CPQ#U6T\H,]R#%@]@7 M6"FPE69!D7"'7,4**N:Q3-EG/3`LF&2OWSKN+TU#BI,:).?M_C M(4;"X6P`:]*7>.T#U)V$#LD'I/%C]&&MZ6F\92+/XQRIZ5(4R)B9QNL):0%9 M\'Y)09NYHHEP`&Y#@*'+AH$G`Q,H[;N*6H$=1D%Z_#FPP[E"(+Y7'ZJ`#2PC M$#]L=O%F]4WGF9.R$Q(M+-!(#Q=GH(;H(1C*K1BD`(*I70\-BVI6*";:'1[J M&?N]S"SNH5Z!07K(1VK%D<:NSU%N++!&@9-DR&9$1-+C)/.FXP0P7R8I8@)@ M.YJ2U/.K\/L*S6<.JHN&A)]Q`;N1UD$.'@(?6V*(M#HJ4?NOIZ??`.6$Q*!Q M0,HE]`,JN`/A^Q/D=F4.P6D-X<=)XJ50D'TWL+LP&?0T(R7WK\`A3:@PR92= M]-87TA*%&M0S`!4S?23<8?=31V5@RO M$\/KM(7UA`V_Q8`!C^!`-Z9G]9G15I+Q>54S[:1](%/RD!)W;/Y7@(J0OX2Z MUW.#9T4_-&GH0^;2OL)Z,I#'`/17IIQ)Z6W'L1>$K)S&?0?DIA.Y%2TBHU]HB1U)'"^#\EO_#?.\MWD3OT M1K3H&0`B37BOIZP`A:Q20R`7!%.()U#L]P#$-&2U20Z:/'@MYN+$;M.CBT92 M+R#$P:80@V"@XL79T'PG,"KGPL.],CZX5<=9DOUQ0X+PO^->5FAZJ5:7-/2- M&OE;.&1B>F4[H/\,P9>W*,#H\$KP>#-.CK^\)Y\?WX?\]$W(?X;V:,J^4X#. M.DLQ#&/4Q9P'D;DH2ABE#-"=)26U3[XO1,<.3%S;#!TWRIET3K$5SFRTZPWM M(W'F"DBY"&?J0,9:>WE"1KZEZE6&?=)G5W$2#MQI6@-^^_+<3C`E8!UY:BQXJ%4FS1`$3P*G+N>`B:" M97=4-1/=WTI78`U4]-*)T:IU\I=TM238!@KG>FG0FL',O9 MM^::/YOVA>,+_UW)`S=["4`A/`C.M6W-%HY&Z:2AX0Z_&A*":>9[ MPL(K`KJ_'-J\^XP75))2,I@^WEQ-4D;VS^)?+UWOB^MY[BOOIB[TYA8!0$S7 MFA.(S9PII6YE/PO2A:31T,=%4?;GGZF(1-2U\=UGD9FT`C/5.BO!J0#U6O5Q M?W%LIC+[1E?CN+]Y="1Z=,[5I^,L*%3KJ''4=,DGCA6],VXJY\VT">#G>[18 M&WN>601VO%;WD^O:,Y=NK#CH!1#8\_@.G/V!%U>,;JXFM6(R"-@`(T,D(WR& MMWVW=X\73->9NF9L&[K^*SN[N[FY>KRYN'U\8*>WY_#W[>/5[=>+V[.KBX?# MN[\YKK%W&;;XBEU(-C3Q[,9WV8L)LA=(YKF!C\]V;-SUV=!S+<[Q#0J(G">Y-'#HJ<`&G(IJ^PF?@3%GK@M^`L/'TTYKI.^Q%9/ MUL9R8M*3&?4F\OG9`WA\7F:OPK;5TQ(3\,,W(?BFJOO"<7YU21[=O$\\]\!W M*.JM%`R=^8@I]\8\^_9\/F62J\BL$45V1.\.='U2%^?/5M!&>)/B%T?8P(]> MP$OL[YN$*-N6R(7HVG6>*Y1^OLN?_$K6\PDM4C-JBI,#6+&E>9I<8ET%7P:DSATHD6^$OQ4B!0ZGVV;M0_/N7]_CC/P0X M*Y[5?[\&;\HF(D1SJR?IO*OD.^Z10%GL0>8,91>/.R^)DF_+T'H8^.#P$1*L M*.NLB%[Q;PH*^J&8";-)HAC;)XI1B"CM5JV]%H91="BZU:R1#L7LFG4RQV9I M<"%]@8W[QY7%7SV;GIZ_1VMUCVLW" M]I@<8:+[0'&[0B9QD#T7LSR@R7%$QZ1N($VG*X\G*C4NR=SK.Z6W,+S.2U;" M5Z__N6V'*:M^*X&7AG_+H6E%?X\6I.AHBU?*2F5HG57WHM;<@3+J[1V`80/U M/RP7UQM`,&;5_=*U#8"S:W4X#FMT6*,GFEZ\]PS]]J-9!-?+J]];>FRX!F[1LQ8[5SRS4HA'X)7U_>4\29S M6ZR)ZU:;Q7X1-;*1:@IKTF]3@=Q7I8<'T1^3V^94?`=S_6!F;$3B[@)?^B:E M`=M[XV(?V*@@&?>=K:ZBY'`>9GD9\ADU4@[,==!1GT-'[;H#M)S3@[;"7K(8 M7L1/YZU]]A6*KMZ^*HBP*!>Q,_:*`,]6QVJ.%I[GO7#/%Y9I1]@15KX[5,,> MZ$, M0R^W5UHM>[.6QH*G&+,NG/;#`,FL4[+Z^YU/9)6L]JANI4764\>M.Z"'Y@%Q M)7IJUJ47-:HWRJUF??(F:Q?/<7?CPN"3O=',41ZU:F/=AS,;7K:#LOOPRJ[5 M*;?;^D=0=D5/D0KR<7U+KX>FP4'/BU<-QR)"7M\=(0=06-<-GFR^>BDO?G8[ M%VB;D^Z.5JZ')\`;D.[M<,5N0+$#&TP&BTVCS:)\MXZ0S`VOX4'E?5R5IS=: MY8Z^,8MFG6R1LFC^3GD2XK\6K!`\1UX'>^XRPFM)-`+3]3U8+=DWNQR7BS[` M^@`-?ROIL]5O'9^NDBD8LNBOI5RL8OZ@G!0A1RB_LL04N\?9*8IGJ]"UI=)5 MQ*SIN\.T&3LV2:O:::0[IA9I^CGW1/:27%CR_=GQ"\@<0"898SHD4UWQZ6^2 M\QCJ2#^>BDJA$]O"]"OP;EI5.G^B$A%ARFV>*F,!PW39TSN30VZ)GK`F*H:$ MM=-'*F)4V2EEC)F,3BZSGSKUJL8`=)MR8O>R!_Q)UZK-=*NQ&51][\^O2@P[X^#K`V#T=@!GVH[@M]J0>$BM=,`310_;K8FD@Y/O``1F`X5`S MN(";<$`"J-0][K-6)!X_U:J=6())IELIP3=S%`2UC-)I1$7EX5\`8JAJT=OO MJQ"SPB;+HM;(UBLNC!NKJA]^!B'T`4IK\@8ZS"GA82[]&<^.(].VFK(>XT]W M#OO==`*LTF`THR4TD95>J."#S4GGOII8#$)T*VZO!_:2WR<-&]9_D*P'BHF^ MR0>%'2'OEE2#C-]+QUC.X;4OK#Z8;&_,LDV)NPWP'G[P*T^4SI9AL0&I-A7B MY"Y5C,A"CN(GU*L+P7=-G/?'&NV58WPA1;U\>9^I(_>6K7I6:& M,1]/ZRV]6E]R@TE?0L_%YP?]/2T;Z[ACBI:YY-Z+L)1_#F0U>SUABU#)I-S? MK]PA)_6;Z?GPB1WA;Z4'U=DK'6>R^94:(FJ%Q:M20V+*]YX+2\6Z+CJ1+F:* M'0S!,B`K#CKXN&-[_*\@W/,E;>VJ1A;R7-^UP0*4JJH6F0>(.S*.QX&V%A^9 M/A-$I$X,2)RA-G_'(&[,%SLP+M#L)-,/Q#D8!.#=HV2CVV.[4F)F%'3$S6=* MDC(0/HH`H'DZ](1-WDLNG&JI4$C,9]@'5=$KD@QS@+9P-RPCAO/]'@`=0\_' M0(J(J&3B;,#4Z8F9LK[\42HI:734<@D*Q(\,;ZR)E@"7YZ!E3@-\#/ZI1[69%.% MEK'I$PP44#\0"3HGZMGN*TTS<Y&O$[V>\J' M$`14&?[Q0-%(6&@._-GE8!#\%1!HJ!3>P0=]5QR*57*C@[Z4EEKQBJ\QN_4< M=R`[9YR-=[0Y*%BO$AYJJI?%XU3)^C1R\3:]:?(LA0H`W/.($T8&^26KQ\6; M90=T6C9RT.7VLAK#'@C[(39.'YXEYH\2BZQSZC*J/W*[0:T[3D#U,6%#$$/\ M%//M2/')N')E^EC??0D/Q1W@#&6R1N-1!5P095*UEJU MO16?S[?W-`_"LS/"@\&"^VNW?<:MIW60GIV1'DQFUMI;Z5EHYYD6$[<7`O48 M'T@M)$B'@-&]#AC5RRVC/7K(NSKQW8%XT8P=<8$(H>8A4O,0MC17I&:];#2: MFY*KG8M:RKH5R+U2F/5YM.YT1JWH:36Y+N\XRW3M@-JRI0(>Y3?!_TA9X'19-S.;ON=K-TTFEJ])_\NML1/$L10%LS M`7#:T5G5I+-IT``:&*W-T*!XB?H5TJ!`47J@@=[2Z_,2X2;]E+K,;/<5'"9\ M6<:7EX-H[',8^AZ'O'"Z^JQZ[?,+QPF^(JWH1J6FYR&>">%]'#LF_)\[5,13`JU/6T4-=+)UI5:QN-/$QF3)B-4QD_A00Q8G]M=:9NKMF3+-Y/'3=J.DS[,76='-Q%7@LK4D*K]E*C6E8 MY*:Q+>(4-RJ6),Y2AG:SL3WZ%-65ZZ%/,2.\-MT/F4:?"8STRQ!_R9V^MOQ./R?] M'U3H4S+2\FHT#:H:?I:MOKP^':&EH:RF(J05GV!"U\MS6$'"!WFCI8XHN<_#U0CK3W@%(C:;1F1-23[RH M8)]D-500RS]XEX+N3I&O5>!,+UB;J5/?MJ'KO[+SB_NK'Z>/5S\NV-7M MP^/]]YN+V\>'O0D&V7J$T"[#]B"<,,B00N&X'R8:FI%O0J0R6T`K9MKV6+@E M9200%),11H!7Z`#GR93PK4I%\:Q",NUW-H"AGRF*-C4$?QLJ,?9=#&`S,>F! M&D2,G`EY0OZ)\PC0"4FH1W:$E&6Y'E[!C`1(.2ZS82/A'AL&GM6G"#G78^ZK M@WC$NDF)F*-2'#'7[Y@D,3',I1`=T=9I9PC4;71GY:@YE=C8+(+.#@9K` M23U34&JE@$)V<143HE,#`.=/G!;_'_>QD&`B$(9&#H>E0 MDA**U8[R9;A#8#R5`2LO5E6%SCG`]AXEWZ`04W<18#`MA]$LPY8'E`ZCCX3# MV0#(W@_CCC+#CE"TE@BZV["6F^N>,+WY+[X/I\[*1Q8%UVK:FN3;`E]-X5Q# M[SLG^2[3SHDW?'V&;0;&`*S^F+TS8[K$\@E(^]US6UG;II<)?L`?W;!-V.0, MV=;Q@8ZWKN+A10[9T*RLU\:`+S;9AE`H8F_J'6TI#+Y.3;LSCLG%2*N['OH0 MT3+#TM[U'LVWC)5HC=B/TQ%*X5)DMDTBHL>(S)*+'4=DW*+?6T2*:RJ2E5JS MU1J1EKGPN<2M_`=MY8FZEE/],.Q"/5(=/HVCU1EQM"Y/K^[9C]/K[Q?LYN+T MX?O]!7I:!0V`G0@GS@9B9]RM70#O,K%VA0P3P`DKS'/TZ@8VIAM"2YF#+4!I M&"0'[PJ3?N`!+3HFF"R0S'#/=&0/C$4S-F[>T5ZFY$)@^8!C14U,BRSU)^Z_ MS%.%$H(1!]3#-P,5D1]T7DTZX,$-=V#.R8F.`DME-E6IE MP$T49%)F7;JWYV_"5Y@>5]GWZD.5?3T]_99D-<&D)&E/H"_`0@=G[#WT%<,D M.I(2:C@^SD7VWIL8`,UITD"2`^$^84(4BF,7SC`(#XH&>+XYUC)P)MN^8GH> M!3XE)_Z")!4C'%LJERV8QST]A41=VCC6O'^+GH_B4PKFG59HXR_9CYBPOXM9UF MJS,=\D(6R(+D6BB1S+72$B-OF4?,C?\>44P%=1%ECDHI(Q);E=CT_]M[]^;& M<21?]/\3<;\#CV]7C"N"5HO4>WJZ(U0N5X_GN&QOV;5[]TQL3-`29'%:(C5\ MV*7Y]#``&?XJ M?[JRX&'1L_WDJJ/!1EN&1AU]W>6PTM4QH;66Y8V$\`B M%?Y%Z%@:\][!Y9@S@:@`<)N#22:!A8/K=$32AF?"I5207&1PXTS6+>X7:`:S MWZKILDFJ,*]A@R[/[K@PEN)?Y`MA.+RR!2]SY,;K/L0)?6(C0]B2*-WO%$Y` M/']E6!*#/W*3W@/*T,NJ[I+H.F0?>5+$"!@GL)ZZVPD8%ER>":%' M[TGHEW*3\9_$1A(6P!K;B\#_8Z'@Y]H"Q4'?=O.L@*)F M&A#V;#OHX\&MC"E`8Z=)\9!V&LH6WZ8;R[CZ?E*L9AU$@C#XW13Z(I1NE3RD MM2U=%53IWG,2DY&-P= M'GNZQ)[$WI&PMZ%NB\2>5`,/@,6AIT1'][>)R+TD3&\5F/##Y7Z%F M&\C7S_Z[2:9^Q-)1@Z;:;G8J7'D'-\9*.%0(APN)!(D$ZKK?4UM]*1@D'*1@ MD$@X1<%0M.S*9J6[8M`4O\5X>[C=D81J2BKLPS%!RC2)C=JP16)#8D-B0V)# M8D-B8VNE^7T2OK5)F,+L3I>;7/DGOC5>2>T6MOUI M^I+!(C)8Y#2$K@P6.15/5ADL(H-%9+"(#!:I M!QYEL,C;`IT,%I%>@C)8Y-T(Z;<.01DL(K$G@T4D]MXG]F2PB%0#CX]%&2P2 M&Z$,%I'!(C)81'HXU`0.TB=<(N&7D_()EW"0@D$B00H&&2QR"KB5SIM2IDEL M2&Q(;$AL2&S4C2T2&^\=&X6"1=:X[6]PK0\]^*^M%^9ZW`';M)1+>SYG#KF! M?R&'<*8,J=+*B@\_?WIC&Y8[M,8WS'"9^RTLHG%OS\S1\N`._,7=L*&S)T?Y M.?@;)R?H>)T]U8\>9O$8A0*826:/(F9/!+-%`2$L M"&6ZO,"ZZ6"E*A$(83W#@!#4JF(OF&-X\5^HYB5"O^HPH#<\.^EEQK_#OS<4 M'_O,Y^5+."]9B)P4-N,.S+IBBOG+E7SNF9 M&Q2\#^+$THCXV%`>L/RA^"HLP^WZ3ZYG6!X`;[94X/\H3\QB$U.4375,]P^* M,,/8G07%EMFO%G/[>%: M\#T?N$&5L.$99];"6/)U$Y5$"F-]@MBAL>(#0PP8IL?@'PYSS;$/#891.=34 M.!J7"K^X+GS%#(>B[<0J-"U8FJRA?,]^H`95GX@:^]G"P""<+X>],`N[>F&\ M\CC56!*#BQCQM.1D3R:,5X8,2R/QJ"BL^[2`?]-XZ)V\<4"#P2X,+ACJRN;SB-79GU%O( M:"F0"@ND[VMF*`V+<%IY_:]PXG"%\(F+9@K01Z%])"GXSS!(!FL1Q0_(&W\F M(O!PI+9K!H&`X83'YY.6?=`_(3-)*A=HO(RAOQ#5U'\'*>/`&_>&X\%?(#&F M(`ALAQ=PAQ:>#6<<2!@./R.@(F@>M[D7PYR)DHYCD$/P_=CPC%`'"=\9\V1O4BFV1I)RD=WDN]AK*M\Q67DSV MBFL6Z+/'6$AV1A6HP_A@Q9P(@3,%A3S1RQ,49]#KX9PV[P*F8J**09/DQ@8H4@8,/W M!7W+/^!,HG96.\0HSP5RP8.&I039OTIS%^H/F;H,_U$$WS)ZCY#IF(!5TQ`@ M&\U`AS4G)E\:>4H`SN^8L7FXVZ1U%]Q\QV)K,:)09%2,5A7?]/ZSNL_S^M!4 M*G$$OPKI-F%(BNO:H(-[HGATH&_,C!&/`%:#?3Y<[I:HY8H"9XPB67P.+1K` M=,?`";E`OJ($A*_#33*^6F.;LLLF_DR9F1-0+9ZY]`(QX).VY:).H2QQ&:,, ML3R*A48U)-*D%@ZTY`".D`%SF*\I_!F(%,7A'X5JP1@$@Q\R%^6,FV"<&REU MD7[C!LV(OA-C5:*QRG5:>)T.A?@G4)NP#9G.7&PA:8A3=5'FP(NX8EZG@!&$ M%$*#EYL=30WKF?%3I>F,_#DJ^+PP.NXJ01'2C**AP=2O=#DW1"UBOME!?[A+ M9E8P#>'RBK+`I1U"[#.$F>@@`8#&WR/L6UCHDV_UN`?S;0L'&-94M9]X?5"D M'[]-TX_*,1N[]"PC$8#0G4>P:KE2Z]H6-+B,:/A%>88C&I=)M@5/8DH]Z2Z@ M5N/6Y!HS%FFXR8%)V.]_>[J)3!OAGH2U<^D<0G8/OA,DCZ'TH/RA$[[*/'.^ MQ0-CF,.OA+@2;Q9C_&6V$@8`(>\4M MG-:C@X:]$?8L15?6P'GD7_!@`/E@;K,L$7&>!I+XB,^ MP@/NW'QV^%D\8$8@TZ(#'\D)\P]@RM2VQWP5(_>X]HX[^3/(";)$3AW;?Y[& M&+A$&8$*#"SNT!"!''EF%_9D`A*7!"]J,R]T4*1M6AR>D_I3'EN`E.CS'-4K M'#KM%Z`BNZ'T<^,\5(5>@K']2VZ>$/*36^&%$B^X2GC+``>I.7B4<"D%&/R3 ML!NCQ\2[.A3EAK.41B7[X\=+FVR=L9/B^ MR]4*6#%6V'JX-CS8=_&<2H:[Z-=HPP[,46*,U$]D`X1QX@M!G!829T MEN'$PYQRT4(-:-+ZS6",G*2%`;L\G!X1X[C\YJ`VDWK"[W21WW".G2TO4!5Q ML'<:%C0=MZ61^%J*K7T%U!F7QT7N=,.;XRMK'"-)34J,8$]*BXSL:V1H)^HF MW`%!!^+[']_^KF/M7P7-PSO78>-:QGTSWC*#3#/Y;]^;3>T,IG8$/)JYOYY= MM,Y^:W7Z3?A_:3941=-)\4LKP*]#H,+11[>\T>//[;\NP]8TO:45';;6A''W6UJ_M_NXA_FGDQU$WU;KN-WJ:=ON M`X<>3X'Y^JW=UK;>UZ($KWP$<*(D_5O8..&\5V`T_-O_X)]>AU\^XK.WE^,U M/(Y/C;'RD]YL#.`H-YOQ@QS^TFWTPU\"#XFX=@P_6[856&O0D..[(@%Q1D)3 M_.XSL)K_JM&OFAK4(XM>98>)5-#A@$EC? MA;?=C[OE8=W5`_"@B5B%EVA_IZ2KFUUFUV5;Z'3?:]:W=YK>([E(RZ&\7B/9 MG*'B5/.3R"54:^`E-K037T%O--?>7C+\X%Y9GPP_.7-ZSZWD&],LEQCW&PHX M.F8JGX[:[>OUCS&2V#@\-K2NKG;:_?J#HVC6AB((VG0LJ;VHO;6M1872MA[% M$S8I;S4(`2U#8B7+4V^J@W:KMMI1)?):N.L/U%:E MJOLA)WG;A!);WNOEN3,(9V*ZH-K%G>$RUDZ%SAR#;D_?>)V_N>\:CKZ(,XV5F%5=ZZT=\?K.ZS5R+1QYDV`CWP$6B+045/A:4_[^E6YC_R>+ M(2YO^7'Y8(-?YCN/VA,G^!8UD(1D>;:6A(C1L4B6HPQ!A%B\#<%(V)HDI7A2B@^&5KC8>*#*_[^SO(N M!8#UO1UR(.7$E][IUG4@Y:11/Z6/UF@@)86+UM%W&LF"9Y[)H5KDI7$OC04& M70Y%V,TV1X"+?GKO6]?%?N@LXO5[T=,R0;Z!SL\^!B\KQF1BSC#%Q@H.KJT1 M1O2SSXS_]]J"3Q[M8?C!CI#6]':2[HT=[I/V MEVTSU\)3[]846F#CJ,=82SNJ%VN95I2&M\&X3\FEUVXU-Z$P=SPB M;9#0HU8IY\^KL19P,A-T)IJOC*QRFV6[IZ>U]/V05=*NV.\?BENESN7=02NM MSVZ@R[96_!AE02Q MKNDG,:QRBZ`'TW42PRJYB-K]WF[CHGUC89CBTE=\G3>:>WQQMYEHMU,Q\/&V MJR2K'"=[K1SAG2#KP4>?()-KTI:-=AUA2DB3]C?HS7;B[]_:V2:L`A*\U4G2 MEM/X'LDL8A8-Y@4#E"HBQ1.W(R+-3TOE@3DO)BT1`5IC)O1751E2NJ'T M6+"Y$/-A6Y^684MA0[P=WLH.VP`FJ4CI[=O14'N.%%W@P)%N"@1ODB/%]U3@ MB)XZ^[Q1CA25ML"17LJ]85>.Y!MJUYNB"VRP33U]:Y!E2]V2@B)25>OV.X-! M&0K(A(UN,-YR#3&@(#QX]NB/J3W#U(C\_>UXI'?;^3S*[&??9!=A+,CY5NJ2 MLP39^Y,B7E3$ MFZKRW<*\X'>^APG1R:TY_5&N_\9:&JC=6+/9X_Z'^%A\>QF4"7')DR/9098+ MA[ZB.W0&G5:O()_2-)X$W[CG2[WY%BSZ)=;+6V`RS/.;F\N/F"TSS26LF75^ M<_]15;YB1F$<,2<87TY5JE&5N[#.UG7.^46T'U(@"(#N[YS4H*"9F_N@5][I MG9.\>`_["\^JI12Y=IS-^MEOS4936^'QODB-9B69#4I9S,C`C]<6Z*P,>@&T MLL+'G'2BE^$77^`<@OY5H%78CF._XI&]O!SNPB&'G-<3TFVKSJ,!\YQ7,%XQ M]'AVOM")N>B(H^1PJX/K;CZ;=UO%QA9V<_!A:`6&T>UHM1_&-MGUZC>,9A&S M0+_3KODPMLK=6+]A;!4Z4=$P?G=L=U6YS&F;7KX4I5]RC0Y%?/NZW939KD27 M1QI8H4-??]!J]_<[L%LF'*(GS'$H`2R>OB]R2J'F*X@Y=*&?]B1H_#JL<96A M'@9>2V0<#)K+B.CYM(S^#AVH14+QZ$D![^E$IED-3BQZOUEL;6<,ZF28S<\P MQV4VJ)6=;K?@?E`UL_DWT8MUA32]'_U>DL7HN]UJ'0G/!V%Q!4#>C<5MC+YH M]OK%!'35/$X5=CP!0"?C=YS=M^HU4-WIJ\8CK?@XMM-((*>;+#XXVL MV*RU!ZW"L[9N9.1$C\%!CXXQYM5HN6MU["2D?#;=TH;ZN:;\HU[?_ M>?7P^/7J]A'^5&ZNA@]7#\KP]K-R\?=BIJ,,>Z^?5O8!(G6E[+%H?A/(5 MJ"M%@'G]#]1'JJP`+K':9,W%BW]4ER]Z3U4+3KTJ0:*PQYZR M^M>A!(8$T@'+6YP\CA+Y9V6I)%GG1188DL`[`>#)NCQOK"Z/N#<.P\^"0]*Y M]G']5,OZ*_NOO]+2U7Y3JX."TV3M032._&:Z32JE:F]73T:LL.R9% MZIL`A:9VVU46.CH![?3D:T4*-ZN%<+,:H9N5$SD0;"5R9N'G+N=/]DQ57.:8DYP6+VBP^*C6!L%ZF)TEE`\'95&B4GL+^-RY6.7;%Q,/I+^=MM=4[ M)17FHT3FNT%F6VN>,#)/KP"\K+V]W37\X6MO%UI!FJ:KNKC-/\`2.@XLZD&% M!&=I6.=Q63(>9W-3\-'4`6:Z4V/,D)OT![`/AOCK MF;;Y2-;&.!W:P`2"?CE3?LX99CA]%`\D)HQ[FYXI'(UA9%#Q2"&MN5.H4(@< MSU[$M]Y4)UJCDQ-_MMYPL!);EDM*_@$K28K>6Q<(EYCR]92L]<_M(5-?F..9 M(V,6S#SU`'S*/4-N\MPL=`8NS+_U-*;C\<8YWJ:&PT^\IF5ZF&B:UQ;&&K>N M\LSS/_.+8X)QWE,41 M%*50'*KO:5L\/#6%?,9QW_M`N.]^J`+PY7>J)R=W:ZEM,/`HS!.,(;ZY,B@5 M%HPRR7`5'@WLEHT%W@MOXFK)O[#EH%"W4U>>+I^HH%`,J97 M`DG&]*Z]R=K-`D[B\T@&Q".&5N8#O6!HYXW M!0).3G5=2.C5&WIH@I#(D\B30D]"[]U`[^T*O;W$[[8+'#>.[LSZ:&/IP`F/ M,)N;ECGWY^)F3\2;R9#>7TKZB^PCQ8RNR_P($@Z\ZX&FZDT9VRWAP+ON]-5V MIRGA(.'`W0+;';79>F=!1:>DN:;V._71LS(" M=4JL!8F-:K'15=MZ??+Z%0_BDG#8"QS:JJ[5)Z1;PN'8.P=L'5JOMGAXOP:N M;\PUQ[XQXQZCZ%OJ!_J7(QX)14RF4Z[5DM+57FM0FP6UCB-2*3L61K`[?%`L MBB*9*XL:V%MJ+&E#>1,`:ZEZIRMA\7Y@43R?7JT!<:B$/2>A`CZPD>^8WE(9 MLX7MFEO>:,ID*'L@\8#)4%K-@X7*[R=)SZYKM9X(D""-@U13V[T3AZE$YIM$ M9K_5D[BLQ:1+7,9QJ:OM5NN$D;G7'&?'C(F1::1V(>UP*RA6O^X`*TBF.)/8 M+([-6&$PB4V)S5IA,U;H46)38K-6V(P7SCMQK1I2L8?,F>\.;_Y9L+ M##2K/%>>8,<_?1C`9%DDFG(5#SFSG!)7)Y)C3R3X-*T7F%.J)6?"-*0J>(K, M>B.8,=/EV?APFGB*/7RM9)*].LU"%\CL%#(YGTR+\HZ`]QZ2\U45-'(2)?ZN@C/I^HE]GX[_ MQTR$H@[Z,M.!1`/ONJL.!N\LS\'I%T\=C?RY/R-SXAC-C".33(;K!:WTW3HQ MWZWSEMKN5!D.*WT$)?K&KZKKT#.OH^%X-T0I$PX_XE M:K==9?*3VCN49-T?YEX^;OK[+S_[[L6S82S^3"EU;VV/N8^.,69#:WSG39GS MC8V8^8*TN9]-=S2S7=]ACT#')U3.?_M__I>B_.5_7USE;\0+WWC&MD;F@5!?*+32D?+-G,[S,?7QELQ>F?+6Q/./% M!6\[(L]Z?H3VL?FH\:CINTG8\+6%S8I6>:.\3;Q(1A9^8Y-?ST9HI6T.6LTS MQ;=,_MOW9E,[@[/`R)P;,_?7LXO6V6_M3JNM-YO-.*=V)V57Q@4\^V]F.,KC MU&%L)X:)YK`U:FPK3FE:L]?:GE-I&G)8M&Z<6Y$]:.N=;B[9E4[4%]MWJIHG M;&NK\79ZW1WPG**@6AR_VI6A^-7>BCEZ5^^TJ\'PJQTRYQ$$*3,FP)XJQC?$ MAF@"S)77`HL4'D=%`U?5I(GU9+^N!_->>?=@C^03ON MR#$7:/5<2^KGZ+V-O/SMWG=X-Q[.8XT[-A3)\AIT=&U7IT>^\ M8G'PBF*Z"CPSO1D;X]<.*9],,137QY,%^G2B[Z=E8:HTPW69I\R3(V+_PD?P M;?L#"IEGQW;12=3"T@*A]$&'T[2O(;J$ZA_HT<2?T&E07F`%U2!+T MI2JO4W,T92^<<-"0W8;R&>0"M.E%+HX3E&9+E&LQ9T?HW+3'G`G)$;APV(#N MGUARS(*78@C!/T47,W-NXDL+P6D<.9#+K=O$0,ZQL>EZCOGD!SZO_4;G@W"J M-$&9,!8FL@DG.'@+I+;A*L8872:A@Z=EH@T7``2$$W5/.$T.`[E(38O&&CG0 MC`$JQ.:M094?X.,[/C?8P=_QK*'08>-_TA#E']Q-8J]O!*WU_]W^'A]=ZL,;S\KM\/'[]^NE+LO MRJ?O#]>W5P\/I^01FTW$85V3:T[>S=7PBQ)Z!("BA-[R7`PH;56Y:=PWE/,S M>JM]AD(+A<09/C[[""L9=+*9\8J%RM,2`V0SB#,J7^[@@@;Y\#<#9(:S5/2. MJL"!H8^+W_3"*O/!I]`K=CTO_*>9.9HM%0^M'^.PT?/;X`$8Z5GS2] MT^@I@/`9?@C8<;`?HQ"'\T#DE(S0 M6PG'J+,8JTUX!6E3@,F1T!^F!JE2064ETA$LTQ+*RJ#MSV.]+D4U;$UP;GL8DNH@)B6S[CZ2MI0H%?!+]A%J*09N,AM$!G>B M3\?(BX5COYACJD5!7=P(H9%Y?!`[2^8SD.NG)"_JH%>$4#%&H%PXT"P0"WR% M?0W%-FQ+$QL$.ATLPB`YQ)/8CCBTQK@S.N'6A<B;X(A<0V`#%<+!T[;#C`=):(QF8#>(39*7$DI?853 MRS\!'80(P#-8;"&C\`&2N"8%#3GL&4YJ>`)SIZD#5EIH$,GXRRK!(1,4C(BD MSE"HQSN6"Z/DPH"]`^\#23D24Z%]2*O`)'Y,E*RP\64;-J9XBD;L\MV1%*A& M,]23)F1?:#;Z(2";U=.4HSCQL(6C@TQ*_OK;"3Z,O=[3%=5NM?O+ZHGC7-1EP M.>.>!NJW7LF(KT5I@1O;=3^B;F&/`M-2>J_-&"W_&K\-OWRTQ7?!9SO:J5M: M:Y`>:)%NCSW*MG>(HRZU3K=G1NJ9CGQ>]'J]E8F]!2&67*M:LWNJMIP"N,LNT+;W=[.PYSA+2$H MQ@J_BD&#!":5>5XQE!,QE'9D;,_@R,:_&PSZN9<`]<^Y\S_7@:`LR(K4; M@(J/A^1R"[@59X4.G-`;[4$.&XKT?@H,6;O4,QC2?^L,62L45AC2;[0Z;YPA M:Z7'"D.TAE8I0]:.9^?]6=?72+H=:2F[B2(E^Z*E]$[7ZW7VR)B2VU&[%&/2 MAB+NLZ/\_2O9T5=='LHP[A^BT4M^`7%ISQ>VA3>!PQ^F^X_D?LC[*Z!4E!E< M^HQVB&$E5VK18:T]K*X.[-'V8IK/GY3SSVQBCDSOHR*(.L1(X2'\77CBUFF# MJR.\M:T+NO<1CIG7@07R``.#OD=1UT'/!0?::14--W5T\?BE2G#CF\18"._UAYA8&X]V-DIW MW>0[ZXQF!?JO(PM*ZA9KCZTGRH*R*LTZ*7:J/"@G!M;INJ4X$!D4HU@V58'V M+D#%1W+;#]_&0C(Q&"NUZ@TXW?2FV0G%;P0O[*@1@#Z0 ME(0K'51*7+F]>I#>J/9+7+E=%/C<[AZ4=67VMU:[V1D4I.YS+#L1NMFE8U=R M:;VAQWSC)/\K=!B*MR:ZNK-`NT;OY>4#]YAZM.^O90 M*R.PSKPJMZ;:J2O6]\6KL;#[@SJ]](.5$0K=91B0<="!EO8+Z6EU'4G(U#;H[SPDE6.%AK*OB M`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` M-IN-9KWA5Y$N^DY05VMIUQ^HK7:59E,I[>J".RGM]B/M8JKHSY0D)OS7FN"Y M==$_)?/5;&X*/IHZP$-W:HP9,I'^`*[!R'X]TS:;M-N8QX94;`&"7\Z4GW.& M&Q%_'"0ZJ1?9*WD?K-I;A+4 ME\LDU)K;`,MY+9\EBS>D6JV.G"*9 M.UO]EJ9M1XXR'(VP>IFJ?#9=7J$#Z\R7K7&6ZD\TFFCRX)7/6OUU+,DBL3R; M"E=+VSN#MJBAUNKU!OMGT?9UU_;.LQ+5V%K]5';SA*FR/E;C)A#AY5"XV3VL`6KBW^??!YN3'KB3%W ML`I$JM!*R>Z+C%\,^,&847HX:JO8J/F7^.'=A#[;989IM)UTD=2"'4?%NY*E MN8*U:7Q^.[::?5\?1ZNL5]U)E M?6L[!=OJ_H=B_C8G@D%37ZOBU(?[E1TK#C4=I0X;&\[S]9F&74\LA^+^#N>8 M#7I&?>:B!GO"GFK8][LGHL@<=4_8CY5(;_=:)Z(4U6M/J-8`M='D7)]IJ,6> ML%_;UH9C]8YS(6[^\';E_-ZQ1XR->7F?C\IGYI@O!E[$`%M=S_'Q53569FF( MMS2F9ZY6-PS:_6([0:-?H,VHQ:C!L+FHM1UM9PE>[4+'J;&I9`7U?JK^8=7, MLB>A+(S;*?.8<#<1;\=?KMZ,NJ:S`PVA9"'@'8<`PG,X^I=O.DRY(6\#]%'@ M10@5+,YY`9B^,,/LVWE#>[1%*]3(T!KS)D1YSUCV[ETGK)TYV*+=UV_\Y6:[ MO7(8VW7\`.%(%%W:;I:].P!4^"*]MVLQS[0*D=W+7BDN6;2SUTG;@S;0_,EV M'"JB1U2/V=,J?F*2])-A_?$9WJEP?\MHO6KBRO%PT&RV4Q!>1^,#&_D.>B.- MV<)V\5;%89[O6&RL*A;SR%=*^(-DW<,EMBG>`/Y]Z;N>/<CC:S<-%UHW::^Y<@2^L]*%D9'EF?EM'?C\L%HS-6LIOHA8+FZ'XSS: MW@Y`?[DZ[D#^H%[TEU.@^GIG13,\-O]+J44ZJ$7;#.`;X[('#:Q+Y=&!E6UP M[1R-/R,8"@9+_!W]P',JR8L6J('X]]'GH1-Y5;7D2]0KWR'X0"M9V.GV[O$* M/E)X$$5?U[1?E,NK;X_#ZUOEV]7-\/'Z[O;AK]?W#\KP]K/R^&UX^S"\I!^5 M_[I^_*LR_/+E^N9Z^'CUL"D"K3P;JBG;7CYK6:N[ETE94\?N!,A\G#+EBP\G M*H?-T*0M0IS2U\MXYL(CM#&9F#/8MQC9]:!OC![Q1!M_@L_YCF<+,]\"4[5E MM8>Q),GF)BRS3722-6##=\88M:*\FMZ4G@67,%-SH0R?'<8H*$7!X4S@5$]F M%P6C6Q37G\/8>;@5$\?'$1FKX!>7.2_F2/R*P6>."7),&4V!6R")GI8%J3^G M:!K;=Z$=]^-*O8?BL[_'%7/``H[\VK!<>%E_I^BR\DE?XHEI6CLG?2D<5EVC MNH?=JHN?GFS=^L#DAO3>O] M8321Z^O80CXCLU?]%]#[K6Z+1[FWN2HD\.H./$T"3P)/2CP)O'<#O#M93\6S'*9NWZ:WTT)DR/6A-9[IU%&7F)A_UCH-NM3 M+UYBX;A8&`RD7)!8^$44T!GT3P`->Z@-?Q*ZU5>ZY20?5+R4E#K5`8I]EAYOS)=]S(3XT< MYM#YUTCV%7JY.AHN@H\,[T93K^-.>\9X@F=*O%&P[3(7]NP+(2`X;K,$_Z;P:B.H'7+Y;,@)>B0$#HW+3'G`G)$;@@E*'[ M)Y8O M!M"*9^]94*@@Q9K,UH:I2@Z-=EBV`>A882Z#9D5'.-?(10L=G>;HZ"3F!4"X MXNX4U7OXJ=O0PBZF!K#WB3$K:!2K1<19_V2XII1+AY%+GWE-C&&X;Z4DDW@> MV]=,7B0$($[YS-R@K$9!GW1'1)!@HY2N`=<^=^T&V.$_%K;C36R`"BU*%@2* MJBO`-,@G/MQA@]NOHL@Y_J3EPFS3WU'<3HEPFC"()^?6<%VD3EZRBU)!:[UD MR-%*^]436"XJK=L<')K`YTE<+@\24\'5KT'XS# MA[,O#6^;K-88[IM>->N[V1NY15)*:\!0?5MR7YCE9ZTA_OO.TK&?GFK>[O8$ ME)-^G78GO79W):"L=.MIE7.@5!HQO;N"Y10%#W!X&?N\,$)6MJ#@^=T$5V:R M)E)5X:P9>HO>.T9`XI]B_[AZB_T)@]7?U_&]K)PJ\5:/LGE!W_#B/4PY`64ODJ0J]=Q)U(M5UJ6;4 M9,7=^9[KP7D;EL;)*Q>G`*.";#QU6(65/<@+90%JK`27E%%21M7^`+1CN'/_ M1"&&Z6378^N4SPIO/5C]DS&C9()IOY9L<O>#- MGFL?E7/]8\+#Y6V>3B2^:XUO]"Z<2^1)Y!U+LKY-[.TG$TCW!*)5TM4;O`_IW=QJ=#W4[WF^<#"DJ#BPJ.EU5;W;JCXU]Y,$X$A@+0J4T#6FJC>D592K:ENVT6^R=Q:`SE4AL1*Y-2F2R]ZJ=U1>]WV MZDU6'>VX];@P>&<^FCG"HX4)+/9KG#GPM$EA]^:%76^@]OO:6Q!V1:U(!7'< M/I+WT#HZR+VX:CJV6>3M^BQR($49V_[3C%6_RHO;;DN1=KC5/6BJ;6$!/L#J M/@XJZD%%#3:8#(BMX\VVN-M'2.:!YU"*O+A MZNH8/SG*ST5Z%/S92[HXZ&[JP&RY4V/,<+KH#Y@?X.&O9]IF\=M&UU52!05$ M?SG+'56(#\I)(1#!SY5G"H=[F)VB>+8*K;E3NHH0FIZ]B*NQJ4YZC4$G_F%L MDM;;N5>RE^32DG^>35]`YA"R"HSUE*P]BJ_W2U0"EEL"_.O@-_T MXY2Y#,'E4%X7GMP6\(K)O1SXXM\\T:6[8"-S8HZ"%*"8H&]F&U:0JB^1[ZFA M#"ECS&ITLJK\-&@WFO&>.;*Q8R-L5"\X<8H5GR88">> M$-1#\[*;,"^[#>4;&]F873!ZGU+G)MZB3*8BG:C(@\A3(U)2SZA+0L(M M9*F4`6]?!NCUDP&*'<5M*4_;>36YLZQEO=?:7-*R$WK,#U/>3 MHS;]X8QY(.@NA"#CMXEI'37KKX2RO?[5R!1%\QFE74PT\N>L+ZY^8'Y<7"$) M<-N3K)<=-C=,"U^.+YAHA5BTG63M3:H"FQVE<`ZS>R\'/6/\;FPKMU_$1F@!,BCU=M@>979V,U,[XPJ$CQQF3(`ZE82`@6G",?6; MNV7BMUKD_T">C=KIA8N9UU5[[1/=O&\Q_VG(Y=/;98/'.J:IU!)6^X] M8O%TY>*IS>)!!\'3U=O>X];3DZNG-JL'`YA[)[MZMMIYUOG!G<2">@P-4ELM M).DD>M).HIK:T_M)(V]UR[<&/J(9.^(67D%=Z9TI795*>6>V5;W3/=2Z.KJG MTKIKOV)7=E&Q('\^Q^J]Y)G`JQYBN=$E52_,OQC,*^EWL&I"AZV"&%030AX! M9X,KJP*E)#U;E(2,WW&)(K6V\!%9&$LWLSW;23='-257VX3%H!BC$2Q.RDCX M:GK3_!J]O#IT5`#)=*D2;XB#L&[ER!8%D\+"S[P&)N@NIC%SE=$4N!65C=Y, M_8F76JK:'^_PMW:[Z96I_J- MK+4D@2?++DG@O1_@28DG@28F$#/#AMAYHB`S>ED32HFA=DU1<0Z M.W.H;)=,!E=%JH?!GIW&@@QQ>N42L[@O075">U='G/4$GJQCS2'<:.IP4R:! MM&<@Q9-BG3R.*O2\:K]/SZM\H+]U5T7IAR"!)_T0I#BNU:IXO]XY-W0D?)OK M0D*OWM!#$X1$GD2>%'H2>N\&>F]7Z.W%';9]"BX;C[9GS)2)[_D.4^;B^H*, M[4HB/;5TXSBBVU-+5W5=JX.][?A&6@F'7P::JC=/P`U.PN$@<.CTU7:G*>$@ MX_"2/0F5Z[O%#,=BF`1H9,^95*\.X/)4C(9S3>UWZJ-G M?5REI,1:D-BH%AM=M:W7)^M^!C8D'`X)A[:JB[3^$@X2#N<:;!U:?7([I_'P M?@U1E!H7\YXI%0Q)1-)5+EDCIH/+C::YU&%+!4RHZ%$>P. M'P0=K&=M,NXA%N:`;U5\H2%M*&\"8*TP3[6$Q;N`Q=N+C=IK"8^34`$?>)7; MI3)F"]LUM[S1E)4\]D#BX4H.G+>:IU3(8TO;GP3I:8-44]N]$X>I1.:;1&:_ MU9.XK,6D2US&<:FK[5;KA)&YU\)FJW4Y;8E-BLW[8U%I-M=<_F"'AZ`4V=T[L-'6` M&^[4&#-D!_T!XP<:?SW3-EOOVYBOB11W`8%?SG)S1H7\I[Q0@N,\WNM,X7`* M,T05SQBE-7=*&15.O6.5"?]^%:<>@$NYEPV;G$@*7984YM]Z&H6[\;-O.`8`+.;R@BG3 MG-PL:PY;P(N8QA?KA#(7H$259HVY[6."-OC*ADXY@CT1+@8`GD-#F$%/F0#D MQ,]`"[-_+]\= M_*=_(NL\&T>$C7^QG;!I:OEM M)@(4-7=-ZP6`1[FD32NHP!M"5*3_@W&[IBAZZR6*Y&Y7NO:?/F!]LJQ%]=JS MY$Y1K[*SHIM.MW*_@I/+()@?$'[J`=\R@Z`$DLP@N-:U9K?[)1*?1S+/RQ0: M,H.@S-WRCH#W'C((5A79@H*Y]FZ-5\'!>?W$OL_HA&-F:U$'?9F.0:*!=]U5 M!X-WEHQAD\I;>\DZ'(W\N4_%0=!GW&$CD^R:ZP6M=#`[,0>S\Y;:[E09LRL= M&27.LG#645N=*O-UG;I;XC'M'M*%X>@N#!U]GXM!>LI(F'$G&+7;KC)#2^V\ M7M;==V]WD9QYZ0W:,%W[J\JM[>'5*R4"IE)L667P2MUW!VU3R]3NT!IGW-6_ MHZONG$IW\JI;7G7+&TIYU2VONFL-)'G5+:^ZY8VCO.J6P)-7W?*JNZH+F<\Y MCNHR8V,-;CAC`<2UON*4<#@('&)QD;6&PQ[*#YR$+.76NW-=2LY*2*ADS<3B MW&N]9B0N#HN+>!QOK8'Q?E73NU1DFI2JM5D]U=XS2Y'Z)D!1]:WP"6BG)^^/ M^867)Q4%2961X6`D>QC'O97(E>YR=7670W+P0;'L$L43=N.C6AL$ZV%VEE`^ M')2YP;I[L`QG^T3&SAZC;\O10NI<,9U+ZZI=_02T+@F,`P.C/U!;[=.U;[Q/ M=7R(GH>&->+ICD8.&YN>,K/=;:T?4G\Y:?WEO*VV>J>DPLB8JO>#S+;6/&%D MRB@L&1YSW$2RFJ[J,LNQ!&7%MEP^(G7M$S/-&:QO,>N\LPLYABSV5)Q M#.L9/Z(E.9`S53=^<\#X;[[8:])O4M'#X?QS9_9D[<2E8QE8MD8'V5$&6-LL>+#RJ?? MOC>;L.6-VMTQMHVL:N MPSJX=Z\69G.WQLK]C(V?\6]7N;1GF/$(IE)5OABFH_RG,?-9)JG0!C4!W!8- M#-WH<_R8OBW/Q<[9;ZTV#F1E*`6[7!WK9U[S5[DQC2=S!K]/\H"LI/RQA`EPLV_&&Z_^#OL7B2>B)J`P!:S7XF MR](D%V$/]P^.Q_/7@"_T?O1[(:9H[5YU7-D;:&A]'P4T_5:OQJ"I@"_;@$9O MMUHEN0+[I3F!O1-.JX)]/3-')B)D72*,Z-OHT^#+0^2\V!RLMTW*"_JA M4+#>[=WCE:(K_*#:US7M%^7A^]>OPV__K=Q]41ZN?[^]_G)].;Q]5(:7EW?? M;Q^O;W]7[N]NKB^OKQXV'6K%L`^>Z2+[SQ.9D4^&:[J\U@F5@,E,?%@+3A<@ M*(._I/&0ZP("&-7'@1/`:.:/&:6?,81@ M#M+1X-&9-$H3?GN=VG@>L$G-=/TGUQR;AK-4;JZ&7V*;A$M?H;!LJ\K-S65# M*48'"&L[)(;:Q'9Y`^G2JRKJTZ]PW,;_AMW#\TR2M!A)V9R+Z#,6 MIH?$B>ZNKZ]YDVN)$B]Q]M)$S0W@%/Q_X*4RZ']0Z?M!]P-U[+A3 M&HK08$WQVM6/T90,-2CL3!=+LX%$>KBZ!#'$K9NP;LUYC"#HVG90,VW$-N/P M+U1<'90SLZ6JC)B#<@4:F2".^(PCCT%_QW4SFMDN(,D5,",FDARG-6]8E@_] M9;(B9`"^1UV2>'XUO2D?9F2'@L-`ZB""%X#CD;E`7IV?T?N_#X?W,.2( MQ2!Q8)6[\!UPP9Z;GK?";MO-83C-H?E-YH[M-9]`8Z#O+GX/R$0$7P"\?&T M10A0C;:PB3F#9R%A@!%LZ*OAC*:*WNT MM$#OB+2P.9]3CXRV8Z$.(7)=%2'AF`)!`8_^;K M%_YW-_)L1(?6"28]@T#D"9M,N!;`!\O%$*P+HDF,$SCV-Q^6J8#:*H+V=^=Y M>L>Q[RYQ\4K4X%QQL*S%2:RNJ_2>]@PCJ#::0T__R M3=RN(C4)-X*Y\4=4%I4+90,6[GS!-U^N;]%*$`H-RN!8_514M%R7"7D^$R:E M8(,F41%NE?@RVG]@U6+O>=^%6WYLW>5O(7E4.2BU?$$'^['`[1#$CD]*8/01 M;:BD=(%V$3-_12Q)'!7SW85#8J(:LWY6N5J\742R@$2Z=!U'56-5I!_HL5$> MNK$SSA/99U&#C,@"'$Q-U[,=O.JB`<+9"BE#.N#A"RAVMN_RQE;G%.A^@E,* M,(E?!L,V[MH6V3NA1\9WU9'IC/PY,!S:==6T1OLZ-6'S1+C1DR>RMB!?`%/( MUG_ZXV_S:5WR,!-HKHJ@5!<)J5TA^)Q@QMOE#.$-'5Y M'6;K)>&183(8TN2LNB5)L5U.N4JD1A:2.F3V1#!;K`21'AG71H[[AII11#A, MLKQ1BRVI(;SAV4DO,_X=_@TKS0,J1ZLA4O$D;NDKM$9BH2B7X@29/$8+5YNX MX0C%G#C@H4*,QHA\UYUS>N;BY/NF.\4/2!BF$/$1]C,?Y+/XBOI#68AZ/0AT M]/I!@3J;P3Y@L8DI1+!CNG^06`YWI9@A39S31["T;0!OM$.M9/[.(SZ=^AMV MI>!/ST9SX(3'Q\]Y/7/!+!$M[\8BY`!)JB_`B*\@-6+6:^6X)!J$!0`S#'_%0_XP/C^S9#I8)3 M$+F*14,=V6YH+W,8KS85,EH*I,("Z?N:&4K#(IQ6KO2&$X)#&2-&9\S&.-$"%R'M-Z`JF!F0J+1QH;&:X#5'\P3@`%E M&228*X`!VK[]2F>(D/J@N89R/0G.AR1_5FGE-GBL(0>[P:N8J=!('SQ,8&*% M(&##]P5]F[#HVYD=HM:_0"Z@Z5)*D/VK-%'RKTQ=1O@(X;3,&?."0_3(,=%* M;`B0C6:@P\(1FB^-=<['8[39!;M-6G?!S3[Q=5T$CAA045&1VX#F.X8 M."$7R%=Q(@XWR?AJC6W*+IOX,SCZ3D"UB`S_/FE;+NH49-PF&6+AWL_5D$B3 M6CC0$EWBX!T8WOW`GX%(41S^4:@6C/WX`9\[?,<9%S<[A/J-&S0C^DZ,58G& M*M=I\;B+3 M1K@G?<'+/SR'B.)2_)8H48"*?#E+'SKAJ\PSYUL\,"8'FWFBPU<:Q&TT%W"K MJV!YS+6&=H;$;LE%#MGKQQ1J$=S0P9[NX*+B&Z30^>E`XO&E[J+E(C#FX]), M'4]']FQ&_Y9+;_]++YDCY9)?>MS0I4=#2:S(<"L(KI$Y((TQB$ICM`SPM.X6 MY3Q2UC*/4I&=\V/LA)FX.8&-8`0'2T!G=-45'C?3MR4"D7@5-+%GIHU;B?B. MC*KP/V.V%'ZDP;)![(X9<`COQ]&_654`])8]!X4+72_,R,?'@\UB+"ZAPHTP M$!!AK[B%TWITT+`WPIZ#,Q6R*$2_V(M-5,\SMN)K*^`\\B\8<*`\4)<9MLA$ M@;[PZEU\A`?PIW]R3PAY">WP@LE7G"5\)8!#E)S\"@!!R:8 M+/@G]X*(Z#'=R$--RKG"ED?A:BJV]E+=,S:\5C^U<+.`V^%JGO"(2-K;UE[(HX94%(MDTLB$[:P2)M5 M;E*OH8?93YH^4)O-)BWGG[J=#OXCZ::N;NT+C$WJK5;4?D_K5=:^=@+;U@X+ MN*B;!08R)"/J'CS@H.&,3]T';C]2;Y5@WNL83Y:DB/Z9VS!C9Y0,WBJ<[Z`L M#LBFF[G?HN[?G"85.\(WQA\8TE-+]TBL!7%E7[,"A&F!Q)08KA:>^@&3N3D(#:\!,T6X5HS[O!X[&\?)@%4$&R8,$L\RXUC[W%Z3U4G^ M#`:7-L7F.PJG$>UF\S)V<6'P];Z&5ZF`&YA46#RDS_[-L'P,"=+6N(?_%;@# M>JS*.PJORDV:<1(^L*8HNH'.62$ MN&H@T12!9$X4T&UH\KH#'PI7:VX\BT4MD?MM[/UY;!C6#IS2C&+/(L"?P:XCTVE`<2C)-T MXZ.9X8`.%!)$/F=D,H[K,IQ&UN4@Q5$%:XVCD_N<_8BT&A*R!@Z?`>33!) M\^A;Z!FVI4AZ<&_1AL(//G%&<;8;M$F:(Q_X%L6,X8X3&W8^IN#W;2&5Q\DP M:--X`F`F+\V3=%3!Y>^8O=)'Y@ M++I]<#X47P!1@NN[`P;P\6K/D[M3=062G2P(356H7PB8>J2[U;HLO@[ M^MR>XP7%1S3H?88I>J'05C>=LR3Z"+_!+^ZLV.L;DY6LS[\2R[RRH:/#CD(+ M1Z$5&,6%UNTFLL@4'DLJW&N%;)?=3<*G;S@QC(Q[DW%O,NY-QKW5/.XM)N$3 MDCD4Z/]%P@[1ANY@H&%:/AU&<4;-N\=>'2C9$HW[']NUCSJ[M'+W^GUN-['.PLFMX9=%J] MB`&E^S])'FDACS+T`,FCS1J?Y-%F?7*//+KE++F;*)7[`KB@?,-#\4564@C*%Z&MI'F<@4C_,^_C;B)ZN)M0^[QY:IT:I[9S MP,Z&CGV8OC9,YXAD)*G@1&3E=6RG.*C_Y>>RI.V'9:TZL*Q5A&7MO;#L M(L$S5;FQ7RO&V46,-&K]H$#3UG(MF[9]L:T4UO;&MD)@JX)M>&`0;`LT1=`S MB6N4,BF/4=K67ZH199Z_`LV59N'VH!=4JS MY&MTM"=ON?\RT/TM,;KH%7R#OY`>4+,/8^H4L^]U`,U!=O?<#JHFL(P!LH-9 MPPL3>,\<])5`31-%MC^G;'`O+,J]YOF.I=Q9BE#0@@!;-TSD>8G.T>:33X?M MQ-"BQF$RPZ9YR[SA.RNE]XE&$VT6R<&?P!+:8!O-?H"GBL@(><93AL8"3KBR MG1@ZO1.E6;GGZOA&6^=]Y[\%T9D-Y.`*-E&/P>[J]%G_[#/E=X=A=17E<6I8`TWYC`[M M90<#;4%3HB7>$+93\:2TSA1S_.O9MX MH6G[YT:AH6Y36"DVFAZ@N=G6(F&2U\\>*2Y0D"E&<1_D7[/=VH+BEJ8\VKLA MK:5A"WM9<*2MZ,DQ%>VN5D/=O)KV-M3UX]BJ!IG>R5@=49M5DE.D,%E;T_I% MR+D4/FTEYUY\ML_=9(#3/^@&NTFA'H\SK#+;@M[DP^IM-2Q,*P#JI@ABI[/& M5^,'QLAOK@-%W>%;P??XN?AZTQ%O[]6@5L\M6F!]RR%Y+4]XWH!M>1++.E`O MGC1[>3SA)$>E#M,)'Z]%X50ZO/)XL?$@/XHKGK=&,)&^>OER4]% M94>GQ'7-AO2F4I\I5V&BAN\\.=>-.6$)@L,OZ(/P??XZOEW`Q-<+3'P;&XLV M83O,^B+LCHS%TK,NPCWO(E7F*',A86O<('$MVKH+FHKM\IO6453"-MT>6;ZX M;&;&A(CYVXM>3#`/^L%V7H3(71F4DSE8<6>CWP* M=L($-\2GXKV'54>-4&4HJZ6VN9DC--07[FG-L"(.8V!.QB#7C2WZ^#I](X#L M*7V:Z>)9/VXX+-5?.,JK(`W,0U2;Y<;\ER\JBRGWJ_V9U*RA`KO]$ M85\B7"CCX@C>>HB_5)B.07AUE-U$5.WU^Z>[;Y^O;X>/5Y^5V[O'JP?E?OC? MPT\W5YF%7JG-J#UQ!PM[::(L^1OVXT<6*;U4@=<\%DHG_Y*AF76E#2ME4FFL MGP:-M@+-ST0H0K^A=SY@/#06IX\M:'3-=&PL1X?)K7F%LW/TQ3RC!7/V,>ZK M&232"M+X^`Y&A=H*]8I!@=P;GOM?Q,IJ\;AYC+D)4A[:3E#)C>(=HLQ\%%H8 MY@O".*H9NH924+>W(H<`T6:J?!^T=/\A&E_,.808DQQZS,S*HR85VPS,T"?&H.&>"IJ1."CX_/#@`C4?W(8I@&`CH:P MCF;Y30U="DG%V`H>"8(K&G!/^>&HXB*%AU`F9(K>QCAE1GFO,$%O[!0?<$5AU^4A6>$G6&Z5DN1%8>,B<@;^A?/\"S5WWDJUXC(NN"A8YA6#L7EI`Y;=2@3B M("@]S-57=%Y&4]OFTAM#K(AH4:H0*,$^_N2*3H-8\S"KL!%/!1E4UC0\"E;& MY%'D(DL9XA))D"F8*(`5_RZ*OQ?A62*[*IXN&\K0RRQ7*_:X,4^/\8/B?F"J M?NHT&UJXY:VK6:1&<5$_M=JQC[!17O1UQL;//.\MIKO""T-,Y1%6;$3/U0R/ M1;E)E-DD8,&AK`R7(@40V@Y[MGG!;L(Y"1T5J]:2!,+94>.I!2G-9TQCH*(6 MP?;]RL(:'3'H[Q"7?N!=M%1@NCA';3SS1#;OJR]7W[[!4>`+'`EN+Z]O?U'_+/4Y\9G!%!]H=68C3GN._F--5)G*;RV'=*,B";"'F<"NL>Y*AQM%-F ME&X>BP422XB.JA0]L1$ MM0'Q22)9>QBQ'<4^8QV/="6L,7OR,$QWQ)V.>;RV$SKEYVFVV2SA*2';#3T: M(XVZ%>VZR5&_;>&\08`*46M:?_QY8ML>[EDW\`_E!_WDV,B$J>6"WB?$M6/V?B,&D\W+UX%Q9K-?CW[ M(GZ]X"X89R4Z#AI,=@XS2W'?\.M\!KU8ST"0=?']X>RWS.)AKLCBDUV))ZP< MD$)QH.'':G^4+"B644=?1%Y*>^ M5_F)YJ^X(4-D-N?6L"CE)^;.3.D1-FQE(!%GW#@;IB7#UV!?'B35DUZC&?U0 M4AM*[.OEI6@G"TN=VF&ILQY+^I8KJ9LU^F[M1M_=S^A[6:/OU6[TO?V,OI\U M^G[M1M_?=?1%I&AKWU(4E,$GVW'L5Y"B489[;O(C>?FT%*DAS=%J20YNHW8] MQZ2[^I'A3N'PE",H5>6G03LF4(/L4ND&?]*:L6,B+RD;[X'?K64;*2.#MLC3 M2'6ZW(2=DLHSBNN[\'WX._466M^"_"W"C!85XHMU*0A9*^)K(HU;A3%Y9,%9 M'T(WR+CZ$+I!'!4G=)TX:N]5'%W'2M_0Q1_6PWS&FWFZS4K>=VB#M+*FMQO] M2K0ULCV-F.,985G"R,@4JRL&9`074)@(GI>EC"KRA15TA),CWJ91(6O*.4^Y M]T0GWI*2@]M!=9%8O2I1##!>$W8+97*0M:4.:K>E#M9CN+T1PSD&B6;6\+5F M[<:?(JDZ!F3.OU8_`&A[0H">B0"]?@C0=T9`$3'>V:L8?XRTKW55Q:FBGX@S MB8R5;JRNM@.M4J9S-%SJ;120FMX4A1:V,4QF6R9K:)K<8)OL;"L',HV36OVL MD]H&\^1F!A19!MV]+X/P,MX)\N%R=2*)<<81WOM`".]^V`;:F897K7Z65VV# MZ;6[+;0S;:]:_8ROV@;KZV8&%(%V;Z_0_A186P-%G6)KXLJZ4&1Y,:*@PO!* M`=@M<)YI%M7J9Q?5-AS%>]OB/-,RJM7/-*IM..)OS8!,XZA6/^NHML%TL#4# M,NVC6OT,I-H&DT0^`U)RX0;^`;__Y6>D`_[X_P%02P,$%`````@`E6%N04B< ML[($Y"%)\=38\G1QZ,?12$\?W949J,0.*'X=$/__SSGS[\933Z#&.(`8&! MMWSVYF'B1RA),?3N4)02*B'Q;FZO+RZO/GG38_9GXLW0]AF']VOB34]/O_=& MWKO)])VW6*--@F+O%J:$ZO;.?1]&:7+LG4>1EY$G'H8)Q`\P.!Z-F/8HC']] MS_Y:@@1ZU.HX>?^4A&=':T*V[\?CQ\?'X\>38X3OQ^\FD^GX/U^N[OPUW(!1 M&"<$Q#X\\BC]^R2[>(5\0#*7]]B?EC@J!)R,2UU2"O9K5)"-V*71]-WH9'K\ ME`1'W$1V6T-)0?[4H.<^T>B=CK.[)2D5%+:(+MVFT?.\/'X81?`6KCSV[[?; MRY([@F"U"F-*'H+HV$>;,:,8S^&2S"$!8910K9D$\KR%9T=)N-E&L+BVQG!U M=A2M$!ZQUIVA$OA.)[_`JTU[HCY!?T1FQA(YPU4VN M,LN+*Y`LL^1(.[5[`+9CYOX81B0IKF0!&4VF/(-_QR__?!6"94@?_C![INX( M\G]=HRB@_=:GWU*:$PJ=$5C"Z.Q(EYR$A(5%33YVP'&YCW)W!K3\7VD<(GR7 M+A&F(QF&J:^(-+Q04'&/I%15[_8>B'-<=11@OY!)_UMY&IK=-J<8)^EFDTD; M4?!O"OX51AMQ^)&N/WN&OO?V)'D$>5()]#?$?'SX"-D`C?\8K(GG*5R@6Q@Q M(V\`9A[,4HQISJ6/T5<4^_F/6I,;U:`EN,-C4[GC'`#D=K>U:86+-]-?%J3* MA&WAL]',0M[0R(,\<>=IJ\.ACVU>K$H<_"+@YEZ3=80"^T5W.%&5^X,A_6:;:C-Y`HR MV/#.5Q!C&%PD:T(P1E*2/(5-JJV[51%E59&Y5(#ZKDB:4PILWL) M@N>[?"F:VKB_/CT/,?1)[@3-MP'$+$E]QJ2=,EYY-3D+N'$T#D)+-12-*NSKYI@DG4C M9^PNE6F`77*IQ01&2A]61LDC_[TD\A_&=9^NZ.]7VJBAVN8R%#:RS$8MAFP3 M%]O:Y3-K%ZA6.JO!QY"+-YXVUV!/2M5"\WJ`-;\P0H[7`DQ!@+K'I_+X:^IG M^<%"KV@",!HVCU>\:$->&ZH&'8T\P#AMC%_KE\O117%YV/EP'CK1?+AZ9W\^ M7-P9[N%L!!6U&5UYK@K6]H M)?,F.^9B:Y-Q6LFYL`OAV[91>YP/1\8,Q;IPH#1+0Q9 MNRQ/-@82W9MK%T,'.B>\@+#H<$&<9(:7Q8(:<`RY>`BUN=R"C)VS4KQHBW-O M2O[IB>$\#9,U@_;UBFWL*M(G2Y6K!7BJ(<6$A4=.C\4MC%BX*06(GBQ%V6#P MJ56UB"4<*\OG17G-JF!R;P17YOQ/3UL8-P=ITOOU_G-W?_`>@)LBR?2UN[6, M7MX=#GSRD".5%Q4<-N3LY^R2WSU(TH<'LPYD#O-_+^,+$.)_@RBE8]IO\1H& M]VPG+@X?J'!!N(YO,*),Y/DN7?X"?;)`U_A'&`47"&/ MI1K^+V&">[,O:O)#R-[,P(RD'?(2V[ MOL22JK*6[\S>"\&+4H;[2!TDUB$IICL#D`N']OE-4(E>/XOH15H.L!OK9V MB*J#CH"<30FSDSYS5KUB^X)I?*0)L86VD16%M(>*0!W7>\F/0C6B,N+0=1B- M63GJ,(FM!%.NBY=BM'6XM]PNL3X_;V=1'VAA;*\/"!F=J`_,X18E(N5S5UK3(/`0Z^4J@LEY3D*AR[TDKDNP"G?N_I2'.-TL6 M*WD)7^+='725](*F[+6.49_]X/#7+4!=X&BLV<79Z=XSQ0\0F.'3EE^0$37Y M#PZA'4/44\;45*VYR^1@!GWJD4GW09]0AWL';236ETNPIH.^%L;V09^0T:%Z M;_8.Z7)-7KW#5$(OK?@VZ)U+:6U-*RSYMH=`)X4)5(IKO@U5[@WZFD;KO!]: MB3,3(5+PZ0DY?$1:!*M7F.KI=Z^7:'J2G4?>^2UZ59D9DQ2;8J;#QZ)&,'K% MGEB?@ZL>WV)J<13^#H/=.>9=@;N.,DUJ'E$E]:'ARLS]#H!2*G)Q:>'_<"^Z M'8SL-ZF;H4AS][I#VY3_..7CUBD?.WR_[O$?LV?B!<\%J3:+O^9V_^"7-*\G M42O/-^Q5PK\#P1*ODJXX!""G.S1PZKK<`6,M*CA4_NX.5.JOKRG0?A.!F+!7 M/&X%16N/HZU?S@T1GR1=[FYCQ"3DR@&0!`?1CEU M)[?\\;X7>\QT?2.,&92,WADSG;R9'4GJ%93NBU-"'8I5OE<_.:;^//A@7X>J M+)C>0A^&#ZR>2Z-]"[=T<`4#.L82?"G*E*_X:I0^WW!?S)+;R)[=_",`PE=X M6G"JX]+D'/#S+\;-CKI$I?J]%UW=V=>Y3'2Z=VZKW&>YLYP=G7UDWYV@TYX9 M-3XDPMJ?!20I/I@MT.IV#Y^81 M+ZM^II,N`O%B#>*VQI625=M80':H3:WR MN(<6%ZCHD5[_O-[&.P,;C2_%G$!`@5Q?S[P]&?DBA%/ M\484/9X!/ZBJYPVR<[_Z==16SNPS2GHJANBRS$!OQRWK[MX">KJ%Q!!'QLH& M["YM@&4I1-'5OB&8=0N0'=J,=;JWWU4V"BGG]YJSX@:]8BZ\1^_2#%A6UKB, M@_`A#%(01<^?'D"4LI>\L;-#FRT(,9M=3>T+;0;"S6MQ6L+=&W`W\616IC./ MJ=;@O%1G6,'3,N>@Z\PS%$60K;%!F8?V#XB^;//G0T?VVWL\C"/ZHD^'CC6* M\=JK%\#9(OWPQ>WX?@'Q1O#:/M&MLDO>OS7@R&-GQA=`4IPMSN^_)^\&AS3H M6Q!=QE]I$]WFW\M@"I;@GA.Z+Z@C07-3;P:<@-"\"SUR/ M>Q]SL?:'3F/Z0N>>J*[HS$2](70V0_,RZ,STN'=8T\:?\Q6!N$>("N5UP&E- MWML`:UN0>D=L39GB;*2T9L)OL+^6(('TRO\`4$L#!!0````(`)5A;D'&0KKQ MF10``%P>`0`5`!P`;&9O&UL550)``,*T:-0"M&C M4'5X"P`!!"4.```$.0$``.5=6W/CMA5^[TS_@^H\R_*E:;H[V69\39V1+=?V M-NW3#B5"$AJ*4$'2MO+K"U"DQ`L(XD8!=&=GO+8$G.L'$#@\./CQI_=5,'@% M.((H_')T>GQR-`#A#/DP7'PY2J*A%\T@//KI;W_\PX]_&@Y_!B'`7@S\P70S MN(;1+$!1@L'@&05)3"A$@\>GR>W=^&9P>DS_G0RNT'J#X6(9#TX_??I^,!R< MG9R>#5Z6:!6AC91RO/X]&;V]OQV_GQP@O1FC?]V/GV=+L/*& M,(QB+YR!HP%I_SE*/QRCF1>G*A>ZOT]QD!,X'^UX-;:@?PWS9D/ZT?#T;'A^ M>OP>^4>9B/1K`29Y\_=:^TPG8KU/H_3;75-""')(%]1.V\>GN\;%AM^G?_GQ M$3'R8+`U,T8!>`+S`?W_Z]/=KE\`O/DD;0(*>Z!J0]D%$)$O9Q9LU^'(4P=4Z`/EG M2PSF7XZ".<)#BIB33^K8FD]/0]#G9(HPF6+H3/*`B),>O8TW#8"&K*TDM>PZ MU7%WJ;N6&'.`,?!OMU^%BRL4:?J72U!#5#*-HS["5Q#%%/YWX9B,V93+&)$I1T,!`:):0VRU\O!F,G^& MBQ#.XS:%"7GDCODU'>02<_X=&=J MHC._]#>VYN]DL6]RE:_]>%!],'2PH#>WDC_(\ZK+)U5'SRBS3Z<#/)>Z>QYU MN3#O8$6N^=@,(Z*V3R>/YYC\3.>VR?S*BY:W!)#1U]!+"/B`K_84%:?>A1)+ MCSRTH[OPT<-Q"##9O!"?P_C*6\/8"[I139AG!PI/UC0239_OG>C&)&](C4LO MH)/?\Q*`V)ST351U'E!HEBX`R$B\(=-&O+D+B0BKU"Y*CRDNO:*@'I[ELF:_ M%L7=Q:]A&(]\N!IE;49>$+3+U1`QSP/A-)#_?2IN2LV`5.1W$-(7+$,?S+TD M$%AM",O(H&U68K0BR^MN!,Y(FY`W)35<@=448)/"END:D'1)A,*S9`J&.T,8 ME)=)O2@U`0D,(1UO8_)GB3%XCT'H[^!-$A8]F)KT/V4D^-`\DA_&1. M12ZEHVS!^(%+IN)S%0YGVS24IQ_YQBMN(Y$6MKO M-?@\J#,9Q&@@1QQA'^`L!<(:D"H"$@V"Q$_W:SCU51QC.$UB&O-X00\HG*$P M)AX@MX,L@Q&7;/K&)W#%?TF5)1*(LY M?"56B"9)3'-2J'H5E"KUS6PLV==)Y.GHWXXQ2>H9FLY=F@DS8:]AM!T/=(W% MG^EX/=@S&;N'DWB1UU5Z)F+3S+#Q9ZO8>``QF2?1"M"P<04%S.\R&U2^<]*S M//G;?5CIG7GK>ZO>VDGZ4GSM4UWGE[ZLKO%?BB]YNG%8(70DXB:NW.U^JG;/ M'/47ZJCX]#-]R)/]X$V0MOER%(%%\16AO>DXFQNNT&J-PO2-\3MLF(>Y3+C("7\T9'P[W@ M]JQ(D$E[7UH(9;#@-4F..*1D&8B+M\2IDYG$W1B)BCO+IF.YC5A M[N)[XV@!S>0]0CB9RCBP3:ODR!D6 M032OT#!;M0Q,T]D#`EFKQEE6PFYZM]/+\C<^= M@D=L7`/+5I91SFDEA[\3); M`C\)B&WH@_4>Q$OD[X=M-&Y*O9+LEK^L$>ZFL/^IYQ+33[Y5.0$P>:.O,`E, M'P&>$;[>HOK&2:I/IIM@'ULO%&4=AM2L4'J;(6D&LQH@DJ5DAHOT M(77SWP2NJ81?(S!/@C&<5^$AW#XSBD#['L%"5GM52`CPT0QY-<"!``XB?S*_ MW@;W)^$]6;PM@PU9IA:2KK76/@""GN2H,6KEHALT:0/`$J*WH MDSKGGX`6),ATR8PBUJ5'F%"P@2HPQ%BYD8R$0I3/9C\3H:-L*S(E.W&R1*[' M545:[T.K_-8]0H^7B1$K4F&R5;@'8IFKMBNI=;IX!?H4T$G:;[SDN MB/1Q=+&B6XOJ2S4M(OEK-T4B/0*>$3NIXE&5>3$AS%[F'E]19CZ?1!>QC:.5 MW#\%F"EHK@HJ,589A'YP-J>P10U&:J%$#S%PN9!H*(.;=IRU92$*&@#C.GK*U98^C&?H:AC`N9L9K6%$,!#NS(C*$]R M3UCIX(U-LA7I(P&EE:;K0,/">A3=%L3P72E MR"#4S2@L<#IM\]%IFX].^^4CMCX*/CIM3LT[<")/>R%96PN\[)58E"9"Y$(] M@1F`KW2=45M&9_"3[98Y4;R;O7T_%8F*EKII+]L#B-,@:)H.L]TK5H>D?,]\ MK,KTM#2(I3V.="Q2'.VBG-/1+\/1B=3L76;57MBFU(D*WA1Z9M:5ZMDCO*E; M1!5O4AR=R!#GC)`GL$8X!CX[E"G;KWUNJ_;K$=)4K='!O%;EU\W[N&N(P2S> MP?V.*N$%J3@O`*_NB5:K9%7!C%RGS$2BG7J$%B4[J$)%E)GFFSE%G'CO"C@I M=Q+$2=[I`^&$:8>N<)(STWP;U[3!)9+EYRV>O!BP)Y"65H5'#+-5CUPOIJG. MXX-)7?,=EJASF:.^I563;IZ,SM]M5VXI+5/]J&0RA24 M14;861G:=/)XM#J='B'.E+54,:G!/T/M7^V>H\4T127>/"?3_Q!A7]`$7[QZ M,*"*DGU=.3>2Z-<`6ETR>=:B,ID>0=:0K501J\X^`^RG_@#V9UPORJ5.0`6D M&8&/"D^6?0X"S(QQ'MD\Z0\FB4F251+0U*MKL"9/"%BJ8:^"TA:2*KAM)/E1 MD2QFPX-@NU&4'.UV`_FE)<]M0D^\9=NL+!FZ8`3>VE:P*VLYV]JU1RC5L(F1 M16LKRQQU=L/YT@MM[BM,0]14MUH]?M5IUG('VW8UO1*U6P1'6HVOX2+QL!?& M`/A/(()^X@7I4>QH,D];^/F31A?P\IQ4!X,,IX\\4)0M?K!!)"-A/L#L'HAZ M!K,$IS=OKU$$XS'TIK!X4V">R]W2+$_@;FS6(UP*ZJH*JF;R.2(L5X#>9:N6 MM,K?.S/R'/A'2Y2HU`X$2%(YZ`$4)9`9L8\R!E6YYQ!UM_:UJ$*7FX)R1"C& M`183I%CICM*D'#GRHH949-20[+QZ*;HIL7S]D[QUH&Z;739#:G=/5(>4H8@S:1P1/>NRLEQL7+=EJ^\PBPZCD-VJ^ MP@'K6ORE^=240.?F@U/P-,H5788$M"R.:CDV MVTI6=?).K/+V,1(AI4JC^R[T82H8/\!KBG`MYJM/^*!A8'5P=F9+/5";%*NX M,'8R;LQ0\2XDB[15FEITN6%KQX@:ZQ-J?L0($W(D8FP,SNPCO6IV98>0=45M M.`,L+*(33PMF$(LM-3.0J-R_&?)M_>V%J@T`D@UK*9.U3/&"$C6@MTV2_T_0 MUH+#[L*6%3>WA%MN2/W`R'4FVOX(,-5R7UJTJ`/[\C[Q'OM*Y^T]W-G0"S=&)6?$#A6AI<I.3[>@CE6%_AUM3F+&E55[#HJF5M0FD+-&5A_&&.)A9$4BD*5//:E-+ M4T2;BY"4BL7AWT`YK;K!I>C$,Z0L8K&RP,U\#F;T#L/]G4#TXRD91@*,W2B56TH@[L"D0F:.GAU')=D^YPVEKLQ#Q.*Q50[)YF M:M8AO=/9;[P&3[YC*P+K'?L(MQ;UM;%5I^_$-49-10"O4$!/16,ON$4X/6@" M_$N$,7HC2XOJPE2/2$M1QS8B[H+-B%D$@:?*RXE[D>C=\R5!MQ("/SOA!&MU M:B5Z[,Y*"O1P%TOR"@L"1XBP$]<2E97X&GHKA&/X._"O831KW4MRVC.?<,SV M[N)#5EFEYQF3K&9%N(:$QH>$FF$ROPH\FBXVF:?W9%UZL]^`GZ;(5..-HNWS M4&-[>W>=+:NLH+,%R&H64I-R]K#`>4QF))RNPX7\SN_*A4!3U[ZA0<@$6L!H MXJ!9NTQU0OBZ7LM`A-M3=)(H]NP;0$0,8&KB*#)PHXY869M[+]Z>I,]W^S>A M?\I=3G![,!<4#3W@L6IM)F MX)*3=J-V5EG86V\&!-YSU9LQ85%LUA?IAOED(I29C)"&JI=9X4@)_-'#,,97'O!7?@`WN,G M%!`A%B]O('@%]RB,E_7`NSF2#&2ID^P'_@R93`&EZIQ+=9/Z@>5,CW\##[^\ M(1T(LRFI(+=*Z8,`EFN@+G!:99C#T^X%("J"IQBY)ZA15]4IHPW9+Z>"AEF*ACD&XYYABU>PV(L@[PU=1< M6B2EB]&4U`?$:-U$76,TY9BG;=H-YZOH<#&/`38(5"8]#;16Z'TLR/*,U2%N M*VQS\-JNG[97A(-##J3Z@@Y]1^]]YE*9Q[FPU#PJ^.`-?0W5G7I/"8*TWL5I;@^=8)*14L^-W=2S85)PXDE05C7FB MG]^HP;GV"TIPG<=P;FL]"!9!EG^=*N>@X>%:B0'+/F957U!S,K=X@IR;G:E] M4$@WVFOZ=% M.TB;D^$ITY]BC3.5VQH[ZU4I+<4B*T4P9A@C,CA?H=>0#N'V$D%^J3P[RT;>; M,$Z+9NR*`]7V/QD0VQMF[N$UM/9P_"4)(<(UDU=T;&F5*=C8RM+P$O`,$M6M M.+::Z=+QU4C/B55O>2?63MQ#X%Z'_&`!_07Z+"J=6/8C3RS$K8%/I M6KE_4JRKTQ#3L((XNN28&"Q](+7:(YM75JB>^5UQ3;?_[J#A>3'_\J07=V"% M2K$N0(=Q>5'OC<'""[8*L`+P[&_ST%WU6ZMA=[:W4)L2-4?F)-+P7+6KP86H MW&Z*&6)E?57:,3D0,&\P/N)*7]J.ERGLAM2F@Y"X89_40L)6O,(,<8NYA1_3 MYCO&0!"[(=A%5E'S*[1:D?D`DJ??]@ZWVR3TQ\&,?4>:<(?=S-;>P>K2A'%K MFJR.]2=8X>HT`6+U87?PRJ88OGIT,[??ZQVDL.ENO75/EO,)3I_E]TL;=L5 M[FE&U`Z+N\\**EUZ`1U+STL`XI\Q2M:T6E3#P36C-,MU\'5IVBH4W0D243>F M+M68-BEXH9Z^KL`.!E:;8@XMK1H.=MN.)'2&6#%S=(K!1A&<"*B:4)<5TS!. MU^"3T,J=:IW-R1T9NMMYV9S0Q2"QDQF<.UTO-[M?_PX!)E!9;L;@%02LN]>D M.E7'1DLGJP$H\WA%BN8RC?#][6F"TCBQK&!MTZ*ZV.P+IU3Z5L$JUM?B[6AR MV$)Z9F&"DLNYA#@QCO]?P*O?P1C@& M_K:PTTYL6F$V0%0=]C7U:KUW:022O6WORZ1F,J1K'B8,1438)AI(LG9K-KP+ MUTD.+G7,LT+(ZS[%:]@U1XFIKH8?+QHEYBR7AF3!2SH21'E!^@:0J%5^=YT)2W],O0B03_X'4$L#!!0````(`)5A;D%C`0IOQ5X` M`-MQ!0`5`!P`;&9O&UL550)``,*T:-0"M&C4'5X M"P`!!"4.```$.0$``.U]:7,;.;;E]XF8_X"I^=!VA%Q5E&>)ZGC-"5J+FV]H M44^BJZ?',?$B18)2ODHFU)E)V>I?/T!NS`7+10)@0K)CWG3)S+N`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`E2*CM@"JL"_"JE1M6CY%Q6/$GB,J M@)C$N"!6=B6!_^QM:(LT*I3++1X)\.=DO6=,JU,U!^U2F?(["V0,<,ZU:`OD M,N,BA(MUIM4C5#SS!-KR?B/`G[D-:JYXA6B)K2/!^2*FS0UQN@KNHBZHN,_* M;]=Y9@#;EB5;<.49%<&T+SNM/D)?\@__W[BPY/<#4?Q\;1BVQ"KX<72/";OG M<[(+PIB'NLZC)NCJ1Z:8*PU9A5S;IA1Q3=$"<,_H2_&9#WCK]@"1_W(-?+'5H_+@;SB*_G=,OL:W.$A)C#?S--WC MA$L%A6R+#4)98T((+-OEA-R)G!8RW8H93.;='TP(55*H$/.!&ZJ.)IK]P6.( M0*U-$JGMH_+D=Q+MXRQ(GB_#""?\5"&0:?&B)V/,AXY%NSS@&Y?CGZ=3X;Y^ MAHJ'/J!=U&T$^"OST-T1;Z.::^NH:"ZG3F[P(TFR,+Z_S8)LSP>U7+2%;9&H M,<3YANTB7>I##GB):H7[:OZNED&%D`_X5_0PT>L)'AOX6FU2R"P?E1LY*<^" M#-^3Y)E+":Y$BPD="6,"M.S9Q3W/M!SN?8T*Y?D35#WR`=O\KB*@WY:'Y)9P M&\`<.T?%[0V^#],L">+L*MAQY^X$(BWD=D6,H=LV:!>[7-MR\')4*O0>'B'V MS`?X"CJ,P'Y@'H#;TFT$\RP=MRRA"2`)HGF\P=_^-^8'7X%,NQ#IRIA7(&V+ MEDL/KG%%S<'1J8N-XAG*'R+ZU`Z.`O%BS5,.<(\<%>DO.&M0;5MV`O>\`!O>N7@_PY4;."V-M\U`FWQ2,+$989 MLAU4&S95<;06/81.]I$?L;+U^Q/Y[\:/B$RJ&P0/FH9(VP;I7?Z]]NF[^R!X M+."&HRRM/NGBKOSXWV?K-=G';,+NFD3A.L3I[(Z-(==9!REJP?)[RP0'HE3= M6!NX!7OA(1FH/+W]_.G3[.;O:'F);NLL*$OMQP1@1W,@QR"HGMABT;F3"3"QG/Z.&N&3+Y`==M/#@)U\F M'J3KZ^"9-8LVG'Z2[/%F$09W891OH2Y7L^FS*]KGQ3\$J7JHF4Z:UC=C*>+H M.G90:@]M`R3.##(]K;318Z%^@H)"&^%OCSA.<8J">(-(]H`3%!TL^A&$!D.2 M$X!,X,&//;H6>7%G6*M&#SEYN*0-RR/F(3(N!#O8==5XE;]4S6;1(G'D(F0` M?8)+$96IZ3Q^PFF6STN%,5K@H`H"N9I'^^.U42,J.X`]*JDP)!:$U832ZY@L MWN_V$3MD8+9CN]S^F6__/\=;3(-,6?[@,Y)F'"+K:AZX#-[*'I6A1CILUO,]'J$W_[$O0OHE29IM[=)7)5>1 M52QG2DV19:M$5#B1TDZJ.VU^@L@6;4HPH/5#D-R7B703IGD>0%1F@^^RD1FH M['2BV3\==HE46ER2V_6`.>F*T$Q-?\8PPEKXL6G!RZZ/'5I@MK5+?7*#=1PGK[8`'& MLMMIPS*C7E+91C'.4$3MLD_9WVMJ'3V6YMEIAZ0RC8+:]I]]B5H.6,,->&Y0 M*HJ5]KSQPZSM;S->A-YNPRBD11AW/,)]6$7%SD/3>-8R9S42\2Q+8TA?@;)_ M%\;YMGG:@?@PO9?@<'>W3V@O,Z`$E>;([.;W&X'\VAU&M>1:7.!8&`_%442^ MLN$"+7_8K`";'&`S+XR1F$T1D"><4-(MMQ^"S3FM&7M('VR@8L,``Z:,T79I ME55#O4N9-\SH]/!D9.(-AQ&QU;$=`FO;:I%\8$N\"`1G=.`89D535_A;]H'Z M_4/">ZD\A^8">8NLYGK0)3'MH3NBV/D"]`FEKMC&=+98+/\VNSJ[0)?+&W1V M/-]N6IF?Y&M0[0C_PA_807("'EMQ.TQE/U@;@@\B.S^.!TDG5 M"O!I"8^]"I;)%QN-F$99R9Z@7.F[`2V@J+6/6E\*W'XS\W4(=C]7_C1-/R;T M?[2RC-0"*.,(+#@E.M?G\68_9>Z'TU]L=5H_2ONUJL^TEZ,+'`*4W:T3#;C& MX)%!TI;Q@@1M6/8A6/^!-[=XO4_R!'?7.P$8(%F17B9I2FZQ;:LD5KJ1 MDE6A/5WA9(>J1^6>'=I!DW<3]*60&WMN"=#91+M7.EP3*[4XI;(]+G>$FX^X M#YL,L;CAIV7..@^T-MGT%::SV]N+U:T'@);O1Q'^B!S8\O>`<"R,#$XN*+E@ MM`1"[5>O^]=L\A`(1EX97YE5%.2?^(`[,=Y4..OCR\Y@N#9E;ZS;,@GK*392 M?2&=)!H^2GIIS,'?AR`-T^6V<^+%<_&_HG4,/:7RAX`J&2(6YL9F[M/R*,.[ MAJ%I+LOVMU^SFZKCS(,7231104SZK$TNF'Z3?#H>1^/F6?`8LJR7OP!XN<_V M"?X4QN%NO[L.GO,MI(?%B@X;AJB6OZF>JB%;=9S9Y.P`OS+F:ILK*X]M+HIV MA2R*\FG7QU)EY-LZAR"(F/=LF]DZ5IK\UO?N!\OSC>#5V[_S^#Q,\#JKUR8+ MF<_Q_3Y@9V]CO+G!:;C9!]'O0;1G>^ARB(H8&.]TL/Y?$7)X@Z0>V#,0H_J'94BS9] MHUVFP8:TP!S_,`R M:D!Q$4AXYY%VHT<^=_O"XH:5>&$Q3AC%AW&&`-I%/^`0@<&-L`YZ5M^3W0XG MZY`MTQ8'27JQ46P\K-LJR8W!/F[9G23/^6NB[/;Y_-S1?9Q=!F&2SQN>A^DZ M(BE;;N;MC1^H76=`36WCF*#ESV[V&^):'@;T+4XKI6+QP),]]T-!1*ST;)?\ M6H;:U!_0AA%YGSZ'//3MM.T;K6'YN]<%B0P?W69:E2N',[TX35O/\7NO7W$.[[52_VRYBQ6KKP3*D MTTZK3L/L8J67T5VG>MUU.G)P+JY;G\?KA(W:SG'Q7T[(E@LV`KE(T`(J^::M MOZ&F=*7"KD1Y^J;ZYUNVF)__Q2;KUEXD#T4G$]WNZ'.`K]-EALRR4QQ97!U7 MN1D.HCJ7%2*HDD$';+T>*$G2GRF61IV>(KM=6!PO/XLW9R1_MPG'[`KKPX!: M]%K?,.4J1FLJF_)-RYUN+(?,50]I@)2<^@:G9\M/G^:K3Q=7J_+HVV5^L_O% M%;O6?62R#@,3L='%'4YKV6GQ?$`+CHYK>[EED&N[D"[774JE?)&QI88.>AZ= ML#L&UD4)[(A@]S[1B;8\#='527/VMC;I>+,Z2S7`L7$D:&];DN8V?[8L#<*2 M+O,!6Y-TS&C3WI[".YX0.%=CU04S%*QJL1$?] M*#I`!O]5]^`>H2U/8/\IR-@6F.?S(,,WM/-QOJ5@(B6"0H=+#:&.5;((O+BC MC]PAG%`R.]/J(=K0IR=H__B($Y0P*9_HI$*%D&"`3I-13J`N)J'4GR>TK+>- M2HG8D^)2KR%EE6RU7>O'1,G]P%G5ULSK,Y\8T^\^(4>XO[6,%;6"F`<=F^ZP M86U%1^%C(#`FO7 MB]AV$".)E\,AXT^\%*PHRX6XT=+:&C'?K.TAW*!57XEB'B*]6<55])\0^NIU M6;Z\&/>>K+1VBY-L$-9U,A0Y_&$8!<[L M%0$'./S21<[8!85D06%N`SR-W.TIH_9LH:L\<'7YY0/J,,U.724JEKE:`*;^ZH"G,,)RW$WK02HI3-,'H3QNAA'V\2O,D>TI%W MJ@T#D)#+&OTJ8[7"C)C?(/\O@^DW58CZ%'QC5\68,%]D:T@DZ-LZ9F3H>A\M M4@@:8BUR<.VW(\D)VA7/7G!($2)S:(B1`<0@Y'3-#@Y!_/9Y$I(^QW2!@0V9BR$[SWAX>().%]&+,[B-)T MC]&F%/:)ZS(X"/FLZ#$99SFJ8EX*_7C"/7#<*&Z.LU,.M&V9E0.5K7'*@<*[ MX\TLPUKCH"9HV._5!.7UC:^A)NC`T[PFZ*/$2DU0_N3F-4&S?6/SR-&<\\"6 M."41;_:ZIM5-3JO:$FJ,0]DCE!L[0:6Y'SP3H,A7HODS^]YL_&W&;G4:,.\G M4E3F]KZBLP#4=77$K"UP/2RZ<(V]S-D^(6Q`L4#6H5#>=VW`2,[W?%3D'B%/ MBMS:@RT@`Q9JC?3W_6!9.XG9`_.XZ:FX8ZHX]1Z?D31CQ^+WM`(Y MH`:1.AH(FXD8-Z\!,L)`:X(9WT*H<-NN6E023"UNX14;=QU6M;;S*M2GYQ>7 M%S]Y*=VCZMX>8@\B+-`MWM(W+;7V\ M%?0F]"&JY<^JIVI(71UG-LN^`7YE%-8V-VV>#$$/,>[)-9ATK34;K M>Q^/U=_8A07[,'U@@\KEENV>J" MM3&^9V%95A!JN)62%FIFRCYE`S71;'9HF_+@$Q3[4>6'+)LH$ MDVU MBIUVX&E$I$855.CZ$G.TH,6+*[H]+H@=$#/<^`#W/WX,,(AE"\'5@$YL6ZR5 M%M:N(;3:&NNO)[MHG>OBJ>VO"&1/>;C:U!/&)\T-&1Y=H.@&]Y8+)R[<[!=/ M"]X5CP[:[QN!K9_<-T&,E\J MV;V8]3TL6XK>KX2(=HL9KJBMT,8Q[F2X(_8#"CLB]>GE;'Z#?I\M/E^@3Q>S MV\\W%VP#MC?[KT']S2.VHE\$-.5H<5DGM.X5AT2O3X)D)2RR]P*DU+J#?940 M?[I\ZKRCR">4?RR2OB8%[A7NK1BWKV M(:8JJ8PQYD7)\^'Y0Q"Q5_5O'S#./B9D_TCK,V7D!JKU%[L5:O:6NZ6.'"UX M0WP"E[S5IJ9G09(\L^%3,87"1E7;PXP*V:+M/MZ,O$U9&S#\!7!P9PJ7P*46 M!(O@`*_C$W@>/^ZS-%^=?\_=EPR0[-*4)VF+F7W;3L@H=`/BGT![FG^"WGNR M?QC2LSP^R;M`0*&^$I$64")LH$3)2)0Z),AA$%OH8@]*7+EDF?+1./ MV=+M7@5;./V@9LL$QI:)A"V6,61_Z"'V8P"@SA1S(72"7C.J5&,.(UAY,=YH M-.T4'(5/P5'XU&$4/CUB%#XUBL*G_2A\ZC%?NMVKX`NG']1T.871Y=1Q%#X] M4A0^-8O"I\`H_#I1I1&%]6$U:A0N3F5+$ZN-1P*&41$/46-^'^QB;IH54IOTY2B+6IR!&SP[Z>80>$$_D`<(RO M.CT/$[S.2ORP*=0"";YD,U77]ADD[08N:7H:')X(K(Y,#1K]&B>$U9\U-J#P M)FZ%.SILVFR1SMBF%88:ML(^G>TT2,U]&WZ:6U39@DIEA.;BPWFF6Y*@KP_A M^@&%&0I3],C4PW7U@@DNSTE`V4.0E;:\V=YB%?R]L&01>[P89FB^'_"LM'?L MZ!C?'\(V_8LD&[PYE)&S_"Q%:2@<8*`=][0,V`ER&BX=1#1][X#PI6MTFG_$ MPE182[$Q0U24-FQY.&)UKV_!9PC<^I%F(`"X847#%B>&:+?$IX`QBR+RE46X M2Y*<)7@39HO\S,QYO`F?PLT^B*+G"Y;#V($Q5&:^>Z09DGVQB3J86#`N#C1& MQNT'(8/F.`Y0YBW3#%ZF#J<75)!&MKLB]Y[0H'901+C2S.NPL-;U+K;90+\\ M[EG"G#(F&OA1Q$OC;^!3+.T'_X7HG6Y%:[HY>;'4]&Q=:;8.- M"5E^;;7PYAVF89C2K:RX/3V@JEIPWS(:T`*?(H`HG-V0**(??0V2S?"JB6-$ MOSIJ&3E>%=1P.U*UTV^!I:JF:WA:"^8%RCH7K4ZB#XI+#9Y]'I/IX&]8?2)` MP^`ZI&%O8+W1:Y%/464>4R#M@BPD\8?GHM7_1BLC"B-6)N4MX9U29VQ('%W` MANQ'&*!KQU%&KQ6:D4;'^+1XCDH!5$OX<1B>.0;E$68`&I11!FA3$6FT6N93 MM.D77-=!FIWO19=GF9C0&='T3!QC7--Q>O31#=^_\1B'9W9ZCFDS_[%G(QV/ MJQ,XMG1'-I*^'C"^Z5C3'N5P6^-3G."74K,-_8/&/+:P5@=`>.0P,*H[%E(8 M/=;82-J,4<9*D!99&3NI'8G'4CZ'*!,0#QE0@2$T<(`EM3]HP`5HL4^A3CT; M#1E[06W(AEUJ&RY&7"JOS@=;P`9HC[-`=CO+42]T-4H#?ZHAEPX<`*,ME3GE M0`O6'I\"BFA$R#^D=ZB^.)"H].T'$;E'QP$$Y%PS>`!L3@_;C0]Z)^CN&8DG M;?PXNWHQIE[.AEUV MJG[[4M^Y\7Q+T]RT_(=W%%=#17=&A=.%`V92SOJ72^I[/S)B[;WK.<"Q3;A. M1%FLTD('M1/T74);]/;HD;`]_ONEH!76X?L>AF]V..8.AY&V-=C=RZ#-= M!3)#?[TW,5]FA+,`_&%#,,L1<;B;@:,X[R/HQR",65.7\6T0X>7V.B&/.,F> MKRE>LXM_[,-'3FC44RI[!:ID&,Q@;L!1"CYCH^58%H4T#$V9;,KNBDNI*#O) M`E?/BU.+)GJ(2=^V(P),OTEU'8]'`ZZUM3$] MEW8P.RE`B]XP\;<,NK@2KF-.+79;F1\EN"F.Y;S" MV9(V.BV.&%3D'IBR(`>IE"U36N[.9N4\R+,.P0$&7T5R`L)+0GMXI\O9 M+[XSM>[0F2;U!>(6^!Y5(/UG=@ M03VJ"*VV4>1J2F'OV(,2HI"NR`,0.DV#\32=B@ALN^`'0I7`*)(+=2<8>.1H"5& M*YY<;N2]#%``]"D$Z24NFT2*'&+)?8S-L9+VZ5GP&&:TL>LU"XC2]"*0Y>:9 MGJS5A-.Q[B[S\!W!4Q!/O^;58R'C!8<472Q,0I*>D&6CCIHX+7'MC\:=8F4* M;T"[Z`7G4AC9*'_3@38,.3C(JTUNFC1`QMGA=J?UBRK"4](SG.P\.RK=#(+$ M(B+:,6*0N6;L,&C/>#$E7I,=OLV"#,NBAERJB@LB*5/F\^U:Y;;4A92]$LWI M&8E3$H6;?"-)+9.R^9%RJI>PB93/<;#?A%3FK3\D5?0XT>J>#M'X"BTJR6R. M29:$A=9S7/QW'I_O\8K,MMLP"FE3NPMB8/D#@53RYE22>[!,*I`S!;T`-J;T M0P:?H/YX=/8`.YX,[)L>H^2J'6Y!_'C$LDXU+CYQ>HBJD'LR5>LT%#O39>03 M3NZ(?)%J@'L]CBK,32L-]*;2>,XW+<<;^DFR MQYO&?7W*9*=C1)CV8$:L!P>(6[?%J48+],(%V/"TDD2/A>@)"@K)>LGC))_5 M(=D#3E!T4/_*P`F^11_&EWEE6S6@+)WHT%85Q1*QH M/7:(7+F-%PJO>C%":FQZ]D`M45RR#5^5(`KR78/%?LT#\O[L6RA0`DA*?TC7 MJB@OLB&GN=RS1]1FUSK_SFYB7FX_QP]XJ^)@^K!VT@2D/($$BH0@K4ICS$ MZ+5L5*XX')WK-L,=3<0C=V8%Y6:*O:TUB1H63M`5R>BS-+R/\P6?($5_I0Y9 MKFZ(_2!;#U/^L)8LUX7 M&9KF3\KBW#>N2S$AK\,5/::LP3GZBOI;Z/%H<'28]&0N[2!1G,P*A-8J:/:= M8!6<;^R!U:\\!>F#,H/PQ86YHRMNG:9M!T?)%UR7>OSDF)A6 M3QD;D_HY6E,!WV@H`(&4@.*.4C&OK2GG',_+$3#G,"GPG9G"39P(#K+H[-5" M#QSUS;`W;J3/,`LC_!>5!$_K.-YY:DRAECV[4_`\TW)Z]#6FU8?5FMK8L.?W M#@']I%U,MP3;$.;8&!VPLWASB7&QV7/!-JGGYQ[4^Z<%0`9J=0"NU+($?(4? M%X2`N800!6+I0"!V^$!];LBV$AI])*&'$@[1-+J03T"%`1XQ03Y')^QU$/;W M7/8?=:A7/++$+V;,!8D:=B%,J<6G>;7P2/]9'!59/O>#!*U.X2"]^V/RX)@]:(\&S'_=QR%);O=W)-F$^;3[%>EOQ%=(E=]:*&6(7(%=FR"6NY#A6:8Y M;7Z,8O9YM3-I7'BK^I-H_?AMT`L4FOB7VG0'%JV1I_*D(H6C@9B9O';0"(:3 M9J@9<_"X(/$]>TN4G3FSHLZX][3*AY>_ M?LN>GB#VW),[4!6]271^^S8-^/)-%L@L>L.!V;>P6T+(1`3X+T0LHY\9=8G] MAGT=Y-=J`MRSYYZAOM6#$LQW?W$YXIFT#.\':^.AG>:>>JQ9''A!D]&'YUN< M/(5LL%F..H.H6,@J3JOJ\L'(2,68@49,.37(K?6S(HV:(27G<,-3IHNVF"U- M,>V1*6L&,F*SRSNT'V2O%1@,6C0:_JTM?IDUP0WX)R7ZJ79Y1@&J]=G-]K4% M5)LH]TZ(NLM`OYY.]SH"[>`+[+E`ZC%8!:#V"9XM6LRD@61M";3>M>S]P+G MBMGWY\5,Q=N6H%]%JEYV-.Q4>X5&WZY&CTY:P>4&6]N M,[+^XX%$&SJ88K>D9,^`/`I1XR17N9K%C"MSY"H-`WQ"<[/2U'0QGWV8+^:K M^<4MFEV=H^O9S>KJXN;V3^C-^<7E_&R^>HO.9M?SU6SA#:=@J!$D>6B/BC._ MS(*H'%![]9;%FNS59*USMKJL.V0.32@JJ%#R%\C7Q3O.?I-Q"`F'DT^'=+8K M(*$3%V61U)DIX-H%5(ZUXN'KA)JZZK*"M7'KLQT[JE1V+XA,I([@/!%C!O6- MVJVGA/;E/!&H3!+[+F"=;EMQ6`9+GHMWU; M@=2Z.S[HWU:@UJ\94MY6,/H0'-+'0H:`KRN0JHDYX]=U!=*V?8[#+%WNLS0+ M\FO8=<@DTH60JZ_KDFQ=;[KD>\1)2&@-0(W+!P_Z;1C,2ZZ]Z8<@8G>LHS=A MC/9,XJW'3!4"",I<6;]J,+EK!LQLOO]C(UEK,%)`^2*6OH`[J`E6D3SY`67) M*.986.Z/;YR#^?0H19'(LU4,G_8'%H<3ATN]$Y1KHH;J]X;RT[%1?CI^<59- M-CR?D=UC$#\O%F?+I/-%'L+'Q?6G(`[825;%L&R9M._)6GXM!:LW@_CEG&MO M[0+0G3<[LP$AT&D+IO7']3M\>0GPL(\W"=YD#Y[4`X(JEZB*GX=08@^6#GE42@<5\P#&*VE)4?:)`> M[D0\#]-U1-)]@D5;>K05ZQ>QX(K&KV=!7=E]:4O3J_Q5+BUCT]EBL?S;[.KL M`ETN;]#9S<7Y?(46R]O;W.CX0`T$=-^[KXJ!K71?H%, MS[-W/#\C411D+$)=DN06KVF+-Q](DI"O[+`8(.=A1A3\5QEQ%`OD;H\1%T`M M&!(C`(:GA4YQ3P4U@QZC_.QE=CSVNE;W,S8`40>($W`,P&*&W!XD?D!:Y%TL MF441^OB!`->4?!H/;@:BT0Z'<(V]LVIO4_\X./UA0_848IGN;7 M5-UA6J+&;(1#MJAHNY\<[T,$0&=N+\*8>_C5`"3M^#D&)AVLZD'=&F-R(@4E MPNSJM->.1M%XUCH<+2S20=QH+23[Y/H`G6D^S#KS^NID3 MX+UW797WO!EC[CT[?H7*Y<5V67XL2))G M=@5JWQ.&-:MRNR#V MXH0.T8I378#)2J*I2%9<34?\YOBROS%'V_<0BHNL3>?2#'6" M[OTEN0Q#`)(K.A?&<8X1",>%OH\+9.>)2N+7(HI5B8JJ%3=^%HKEN6#?$Z@U M,Y==5(^>N0XMY+_I*I-I9J.^C`VZ=JVZR3`"+TH6/AJ`"(+GX,0,GI(Y$?O&_Q(D@QOM.:= MA'KJ0KZKYZ[Z:7LZVHR3R//`XH=C2UG`QWCL':?:N('5.>(N!1_WJ"*"K?CQV/ M+**5N$-+_VHJ4^O=JZSLM-83DEFL`>PUZ!@,F_2O:3N8.T$'@VSMJS;))HF8 M451:18595-C]P5`0U%X&15],M5&V_^\X2%:T$?T])!9L#:DO^K:.&?.ZWL>M M*`2ML1;HN/;[-<1_?T$12@C%H:%)A@B#D-0U.S@6\=LW-F?&*1!$+7%*F.$E M054-,',HM_>#:`(8^S.@ M:#3&17E4F^\/)_Z'/]P=C$(+14X7#79*'&;51H5S:-W(9!E])-%LB$NF6!I' M,',_",9%D)\,>XG)??65V)HO/%@RG2UDEL::]_A*O$GLA[8XF?8HK??3^G][ MF5&G"4`;4Q=M)%B:M_A*K,Q:5&T;ER6C9_1&.QQ2Q-:\X%?R@U@<\/C(+%]2 M^8?GLO'".[]!PIR$S!.V&$WZYNT>\@GP!(T(`@/3?"XG:9#[B;V>](!1S#8` M;,,GMI\PWE.F%X=:I1Z=\PL"A8#+\JX3L[6O)R*DR(,7E(-&B]F6YH.\_*=( ML%!#<^T95-(=>R-4"JT6N**_26-LUPQ]']/5`TYPP#[W)R28(=*P`A""PKP, M:)DV+08X[7Q1XW>AJ!V%>D/\__GRHI'M0.0F!MD* M/]+(++X.PDV' MR@JI\F<52AD&$(%=FS6]W(6,]#+-Z>$AVF(\\@Y]52<2K5^\326!0I,E4IM^ MX/\($+Q.%3%" MT`$22C0TA)SH61V-%%'."E"0MBTFEM`L+TFW34\3@>.5F%B9?;)6UJP()%]\UN ML4!%.HZ`*<%Z)AT<=B)T(N4/7VFZO/DXNYK_W]EJOKS*CR>YFJT^WUR@Y27Z M\/EV?G5Q._)9)9)N)-`?OD.(GFP+_`)+3I!A;4PO-J\/"CK^+AZP\77C1_+G M6`X33`@&P4-`,>:`]0IG9T'Z<)V0IW"#-Q^>/Z?LO-HZ6L_66?B4#\`%:];# M#53AUW=J#\*3` M<)[`KAL8?L.T*)+?HEH1S;Y#-(L*U"/`>>2"MKAN84'2E%UQ1SWAS8HLPEU( M_[@.DBS&"2=3Z6@=TA1,RYS=$#_@!/5;P>P8WS,[BA2EX5E!;K"EG-CLCEL4 M5((,C(N+V27Z;W]*453HH,=2:712:V&'&'5LC\T0`QTJPWT>#[@V4',&Z;P%LU:Z"U!>_T=@5:<@QRB]F5,IPR>1AD\?7+$:9-C#97$KNW, ME72&2ONBLN1.DHQ.9UWX#)H;L3$G,FPNQ.4P2>#.]3!)XM8>?-7#I%K1]V&2 M$S3K#9.LPMG#1,49T.G-^P,,:,_QN9[WE[@\PKR_VKN=.1/YO#]OYL_/>7\( MP@9-F@R>]Y?8&C:'XL^\/[?F_HAIJ1U$FE,I`BW%5$I/R]&(M./'10&KX7?( MH)1GJ3&1DF5)>+?/\KL(Z[D4SV=01)`!#$8E_0D;BW8,0,:B7)_'PZOS&12! M3TM@5<^@E$J>SZ#8!:WF#(H=U'I8F)8[9H87I@`#\L)4:L!-82IQ>83"5.U] M0&&J,MHK3$FEX'UA"D&8NC`%]CFH,)78`A2FRI;X49A>XV2YS](LB#>TK9WY MX(?P\7,<L0K3MUD&0#Q:C@^#G(,+`[#-0SU+L8F^XO#^@=4&P1-% MZCWNK@NB/=5#;\(8;4@4!4FAE3X$"7X[>@09"$!1%:&+"4DY`3$E+"S@[?`C M>L@B@XSU=AGMC*VZ3&RSS".2*`D`!+<0N/9':]IC,L@[&SP'6KT[>;G="QD+ M2?NW/ZXQ[N!3=[-$E7FM[CU]N=U[:MJ]IR]BV#IXN#IXF'K$X>FQ%O[%KNV, M225[I'D#TM&II@NA0>-0&^//8>-.EXO_`G>N%_\E;NU!6+WX7ROZOOCO!,UZ MB_]6X>S/'NG&RM"*7-&.(7&6%,?JS.,,4U9)YT]T]+F+?2!]J\LH`(_.]U+# MVP!?7X':G"YPFN8P+R93WH2YC;>]5<+\@-R6'1HT"D.C!XF!"!0NPVB"0K8> M`S`E7ID!MV,,2CA:8]3P;IT-_'7'#A':ZFC^G9,`M"IY#!:,FD5)7(\%/@9A MG+*&BYF6+G8!ZUCQ%YE;'C'JM3@FAVI#M7!PT(7Z$1T*J!0]5!`24?/R06C<)87(4K MY9OWN:$4*5)"(5=?]B@8H$* M_?91;WVA4.1!"^IMB'N&6T/#ZL@[WTWA=4 MQ?K=/V9-7#=HD8])E?)VP.8WL^79_]Q]X MG:W(,ODKCC:7),EMB$*@=0?=&&K1@2TZ6FN2DYK%=NM`X<"NTVE3$['_J\-+ M,17C27"Q#WY>='("-T%TL^:+&QXM?Q-/PVO^X0U^PO%>+VSR%$'AL*WH-,PU M71TO?'&\#@]+/6/3&_II?G45D_,YMG`1`HX9HK[3B05-&W".]SV/Q]WD/HC# M?^;AYHS$*8G"3?Z/6;RYIM1@4&#_7&[+*=\@JK^&<%K$ILV*\79LF@8#&ZVP M&B>\<+=6Q-?Y:F..O-8/6? M5&&G^<0T>!QL60T!/;-2(G>DRYT.0?[)R&3C]`)1_GP=X!^$6O#MZHX+PJ(< MX(&P_:0)PNJ)#1`6MJR#L&56"<*&=`E"+PI.3B]T0=C_^3@@+/<.=4'8U!T- MA-?:]\=I:)2_!4C#$,P`'S9!#GNLKWI^)O67Z;59>!NGH5#^%ZIFR$>K*^UTW7LY2>6K:FLWN, M@CB(GM-PY/))'R#$L.\Z3(6::/%5S^\Q$6IM95';JS5X3F@2H?*(*C3.Y6VH MH"^Y$O+F#KWC@5BPL.D>Q6,NA%X'"1V0\RL\SJ,ZA30?&7/P8,QJ<=:W*^=1 M1WRZ8GM"ZM,`_X3>G.-MN`ZSM^@L>`S9,T^J,%Y'$?4/W,7Y0:H-Y:[VF&!E M75'^^F=D]TCB?#KI6]B=P(&('L`L$34'M]"X9;"K_"C`+U>?UI-W)Q4C:A8< MQ-$7IC`^'=1=3_2[J$<7H5:'/@KKWM'IG.R",`82JBVLH%0E[(A4A?ECT*KE M:0BQ&@:F,CX5PC&JD(/PJNFA[&9E9:MXU.I^[3-G<-3.V2I M[%G?&,NW#^!$2Z,LMA[K8FM=//0"^+V>ZB.=]_-RH5T)[A>-&G?X>>0S8;(Y@#X="BA^]K.VS$-AUD.L%+C3`W=[= M(!D_COR.BZI'Q;!7[S<0*$A8X,F>@&ZKUFNRC[/S,"T.C`A)+!AJ0C0$).%J M6"8,QX>#,XC@7G7X)+)2'.:^:7Y.*XAPXQ>M9'B04$S187*Z<91EU!/Z.@X( M714F,G\6\,D$Q4;=`GMMSB-'^,4OH<;?;L M8T3*YRC#;&=!\1;.AN;&_#(`=BM`.O(%`$/!IF0_"`&00"`TI`X*BC8<'_F. M\Y?2MV7(R_-:KGJ"F#([^J=01Y7^]PA[K03H"O?^)<:BC;=!A)?;O.F@A"C4 MDB9"CI:3,-#SXV#GDHY??>;S+4TO]_$F14D0LH.;56G.1Y*+<:,DM[13(9SN M&5!S6>#S>*!UG+.$/BTA5IZCRJ3$="B*BY3U/8!6*Q/90JU/F4?_K'$#"X*, M=(SSQ@?X=#E5;N>P\:%6IYW3D_TX0MP$6!+V&QTC/L"8+"@,/4I\M/@PC]?1 MGET<=TV2_%U%XWAA8I$?/X99M!M/AK3!]<8"@S9I!)W!7LH-##YN6S#"J#@4 MF8)$&IJ&&)>$JN%M]8-86M5Z,;EZFU'71^"79E$_W,WT0T"=K/T:?7K&+=@` MP!-RF5^7:*DA6I.QISFK3G")1Z MSYF?.D&U-52:>QD7`?G-R_G[UR2Y#HA:XPWZ27MWW.:T)Z" M+'S"\SC-DCV3J5]<%-XK:\=8/00V,V8+BE(VFN&52OI15&$%;DJ`W ME1W$4/P6'4RA@ZV3QNO[OMRLZR/=A`-B?_@V[OI9T?KEMJQKFALN!1E?*MM) MZ`)92P&&:]UA.I;Y@\0(L3YO)SL%6?4ZG!^\EG<\A[;*_N&3DJO&XYS$OFN$ M6<]04D]&X&KF%UJG59LEFF*O#5^*J&\.,!]B]HK,UO_8APE>L"L79_&F.%FZ M/`;^<$&C((SKJG.Q;Z?5BO7%+5\Q:0=DV['2TPG4%JR4YJM-Y MO$[RJVO"&&WP%B<)WE33?O$]6C-)/W@H[&5N$2GN$5'YV-;@5XX\JPY!Y&!` MPG!&.>X8!IQ1XVMC4NM#$/]QCN]Z(PJ)2!57N2*F=.`8 MM;K+66Q?2@*1VO0#21+RE?9LSH`-_7QDV,LZCL!_Z`[:.=(MI`NM>0'R<_Q( MTC#+_S[;IQG9X:1734#E.?`7R%OD`M>#*V+(G$%9(K8QO<7K?1)FSY0MA0Q* M<+9/8KPY03'.&(_6)(KPVH=C%L"H$'!+V7%BHG%51:R3^/&"@L4+1IK36D/U M.10%ZEND+,BC*PKK.(=2&FYSVEKN]&U6:S"J!!37[F@QY4&F1"%`HQUCAH3N M':>SIR",V!XKVL[VC8H?$Y)RTO1``X>@H&W`/"IHNK0<%H9Y5\2%(4:G%__8 MAX\>3.X-1Q&QU:^]**!IJQ,&!K7D9<2!*YR)#K`T-#,D)K3,'#,R-!S;/Z+" MK"'60D77]+21]L+^G>C%@,&7BT2-T3@TM@B081!A&A8'QYE>JT8DB[VI5,-& MN&+*)"^Z0[$6LCQ<+;";KZ02`Q6OQBT,ASQO!VS];K_6X? ML56M<_R8X'48\#8?6C0Y))$+31XS3@D:X6(-T5ZSK`4QF9MIXR&;*JR?OJ`8 MI4+MT'@%0(U!Z!)8'QS&I*WUA&SC%`B*!AV#9X,+AR8]SW_04Q=G+X.?(Y<< M3V%*&T(;S&8UJTG-!4G3_KN+(.%#F2`5-H])$O.6Y_;4GA111&5@6LOD<6"= MX$V8H2@7&)WKD#XG0WJF1T^)7H=X2@^C,>IP9>F*NN+>"2<3*7\3OH@A9WA& MK<]R29S(2")4FQZ>(/;(D[O=I'U(X+]YFP,\Z2;RQ=8<0<-:R29S,`07D]<* M#$'Q,A098Q87C=N;!6L+$HE>($RMK0AP;-HL&,3F84!/.[/S5[]?W*X^75RM MT/P*+2YFMQ>W:'9UCA;+V=6M-_.*LJ[DPI[[VXM`G_+F^82V1D1\7N&S0T^> M5TD0IT&QP>H\3->TFMLG_7O7:R9H:]8,T=`T9@[8ERZCGG!R1U2EA:YW.>'T MK$W/+FY6,TK!FXO%;#5?7MW^=7Y=,'%U0YDX.\L_1'^;K_Z*9I>7\\5\MKJX M'9N5^K`BQOW=93'82)O=FKZ/BVV+E9&V7XNPSNNH8H(I5T%-'7100E^8&LKU M1L\TQ\2TL!X[!JC'K=X.3>6]&B9\SLE+=EX&ZUFT6[7QC4.YUGCA:[;9A3%[ M\[TX?09_>\3QZ!,YXNX2<$/Q5E=/5`1S\7M0%-0>UPPKISP:[P`Q`D@]D)&07!.28[P9(SW6[^P)WHR3B=2E!"JWI\[&Y`NQQ,JQ7NA22:[;I!/$R(K.><+SO[5WH M?EPSI?K8F!&%(>WU5-5U/AW#=W)_+?K(O+0J*-OZ:6Q6ZS MF,_;1J%]-GEIG29,R/)>&S?Q%NT0COSYCSOAPN+(OFW0;N+DVH:@L3U2KS[] MLQ^HE(^PQ;\G'Z3\$33/RFB8O5T_X,V>O7C,YM(^X>R!;`[O;*6S;V$WVVEH ME+\*2,,0[``?-O$/=R>C!-3*M!+,#XNEHJB0184P9J\!!3N,OC"-D>>N=.!! M!O=?FV\`Y28%P;X\8"4;4*[RK3>"Q7V(:(^'/%%K!.P;=\,\H1\8Y03J+:Z- M/]\%ZEXNC^3=(")07XO/')%U#RCS*]^KTJ8C3,$I_E.JWP@/G<=)ZW M5:^&;:G`BMA2Q6T5FSLY8AG;]&=0QQ[,]`O9=^U2MEA6^))K^%W(MC$"KV1[ M?:A5RJZJ2PGUO7G`S_H8U:S_`6E?]L'49@]S^--F#=,SF); MAGM<-S=L+2*8-L5-W+#4*EATL>*L%8,.1QX?3)Z@RF@C*)V@PBXJ#:/:LF_1 MRAH7N#'-)@I%D<_4!S\^VFFY!U%4M`<'.+[14^]%1*BZM;@'<^@FNFGYAL4P M#9/3V_UN%R3/+%`EY4;JQWPC]1:/O8PS&$_9VY%,[.N+HI^O38`34-M49!<4IB<)-SN[6((@I MH5S+F]H"B!WX:(C;KUHCHMJ"QJBHX]4#+G.*D_13&(>[_:Z^_0>6W@=;@HQ] M5)9<#G;DOJV?-6#>EL%C&H#UZ1G9/9*XVH2Y"1-V[L_AXA^_CNRV@4[H:`0. M$XWAA]PH>+P!:=NX%+*V3\E".QSR9Z*>!4A/4&FFOBNH'.DC;]Y6](M7@AU; M?A!KS'UAAZ9K'>NESO5FYGH)?Z@Y:R%K6`,UK-7)$,I]6]0)SJ1[XV.LA*KS;0M&(MCFGY=3,Y.*0)L)BE;[ES MG\;B,,PO;N3V;"UR&/:X,6M*/'(PD?^*4Q29G;^?^_`&\Z3*OTV MGYC&AH,MJU5XSZR4N1WIZ?CGDO!^?:+\V3KH/@BUT-K5'1=\8?:\_!KC#27* M=80W]_2O](Q$;$M-$D2709C\'D3[WCAU@&H3OF!5&_@&.K-?'^H[5])$Q]RT ME$!!FE_M7L@@=F7)`T84%)-W$\3>#4&EZ?"?'EPE,PA:76X.Z'(.>8%6>NS6 M\GYDA-LKYP8XM@EO5K"5*BC7R8NS!N0/>B>(::)<]?L"MZCP.A*Z1R^M:%O/ M\2-)PVP1!GCSVWH.I2 M#J%D/S^?.UT-'D_X5ATBQGIT%SD9"I9FU"Z?HUK@=Q^$V M7`=Q5@ZQZ7#ZFD3A.L2I<,)92ZF*LT`E4PZ!W.B."``75F@YEI(,;FAZ^_G3 MI]G-W]'R$MW./U[-+^=GLZL5FIV=+3]?K>97']'UFE/*-#%Z\+>BW@]DTYPV[4.PNZB\QK=`;\+;]Z5$W<9#\C<'UD`Y@7W M33>!I?%!O=RR%VECG*1GP6.8!9'@6%2X0A?T$@5;)!"Z<$(*E3<02>1&IJWW M30\,8F^B/E#;M#8*8U19^!-ZE"D\^L)8=N7X9D:^B8XPAHGVFY2:2(+IF$W,AB=4T4ZKTZ291 ML4<[H1-']%/Y`])0;J9-QP\!M;C&Z/8!X\Q[$JJ!PB M2?>/CU'>QB"J`L@\WI)D%\AXJJ=5416J96LAJ5I4_B0-QNW MS(Y\PX`N3HA1)W;("C/0XJN.S]$H^SE.VH MW>D4H'3YVRFE#:FIL.]@V1[F4<9(B(4I^YCM#=O4#]`#WMRS^7=VH-93?I[P MN&2$(H$,ZJXV^12*3=*!?+B'G;7%'Z`O0\1-?IH>I!`30V^8X%L&PH;L:X2< M8&7'+N;&7,OYG.+E]B+-0IIW^@&=^["*WYV'IKQIF;-9,'$M2SG15YC2S]B$ M0?WIR&#G=PR!_)P=)+?D6L#E6!@-IG_#X?T#3;^S)YP$]W@1[L+R)$DVU_<0 M/GZ.PRQ=[K,T"^(-384=E`W6+W^M`?J&?-#V:),R0YW+6#7,YK120T&AA^+] M[@XGC(Q182(_LY7:0'MF`)&#!;39)^P_;!?](XVY9(/>T.R5/@3TQW\[+H6' M(Y)8`DD[$&B;:L:*@>T8$$XB.D3*@\2OO[W_-0\1[)-_7^!@>T9V.YRPB8]B M!@1?[N/-(EI_P@PP'9K!%;:FI=QBTM-^Z19SQHT?1EB+D) M`'3H2R$_\@2S,_0)!B_6X3=L_"*(Y%=Y>E]NSZ(@3=F]2#/ZG^Q#L/X#;_*W MA3\_TE1^PY;2.V`>H%G^,%J:)E33<&0]VNO[%E)0U]1T]="LV]:%&ON3_9&] MN\LU4TP)2@NU/3.#$F;GYW$Y.@1;Q*S3VZ35,%*S5]OQ$:%M)YT, M<&H+U#3!%!IHN46E#OLSUT*%6G$D!<+\E6GN)*K2JLKD:I][O(] M':F^DCK7I*_$UM`**V)F/*ZP%`"3TUG=\1`Z\ZTH^"QS?4R$NRRSY%ZM85M: M:+UK55KL\*^O/I=:CN"L56Q9QK.3JC.>GAM9,*'L(,O00/&'T%"3/;!5L5USA_HS8 MAN;4RR**!QWP0,A@2@H^YCG"]-,1)YW,IYK:=0\'G*@)SE>)N:$32'J@Q]@PN675PF;T$=N MVWI=`7(G9`Y`NSHQBYV`DE<*08+18Q+N@B2,GE&*DZ=P3:ES]YQO25JSMRBV M^=N'C%QH$Z;K!&=4A9"HN)2ZOH"-79%#J%)274(91`4=T_R^'/PMV#U&^`3= M[3/&S'IO5$9.T#J_=)VZ2S9-DR?LD^+ZRA/V>8+S;T4-/^&'C4*A.'MQ?#"KISD`9B^P3&]HGC6F5RI%IE8E:K3&"URL3O3#(< M6GJUBCZVW-0JDV/6*A.S6F4"JU5>+<+T:A5]A%FM53X%<7"?OZ9_B7'ZMR!\ MPIL.+F4BY5?DBYCP@&?1>@TB<2($O5!G.MNQ\TQ9J;"K9="6"J&ON515:7S$ M<7[[2?GVT,BY6]J[!-@;;:3SI&M\BTVY@(N=3"RSK@T4FG4/CQ![AHJ'+Q@' M@J0Z"`B&"51DUF+:E+G0AL-I"PZ-[;? M[:/\C()9'.^#Z`9G^R1>QIUW.\MC%L](G"4A'=#15-+=SV#9:OFC6;-JPB9+ MC;">N>VV2TA:FV[RW1B/M<%\Y;$V28?US"8=^3.C[-R1SKO?*5J7QZ>NFY9/ MV/52P>8_]FE6%!B;,#T\11M,&95S[(ZZJ*UO*V,CUQZVB4/:%X81(5%M(Q1:;,^,+D^);EE]@=-H6![ M,3PU+',MML1B96RY5<=@ZVF+K8JDS(;OL,21_KE\O/0&7O#6K@Z,(E2GCW84E,CE\/R_B70[F@3B"M>TT%BS`ED M[!2%4O/Z8*$%6_ZL#XX7C0=!3300$(;UBM"NQ>I#ZD,?%J<%+/[TVG`AR+0# M<>%N->HFR/"'(,6;97RYCZ+KX)GLLP6FGW0GX'35>*M64C5K$](2+VY7M]2. M83/7*COY+%="A=";.R;&JN8M%:3E,I-$42Z*WK*TN\4XWR_36"XKD_$F>'Z7 MD7?T/^ANGX8Q3E.6H-=%+5<*4?DP>_9I^0P"/>[<.1`6DNETB07^%+O2Y;$P M[V")#N#1"MI[2WF(*:`/8N!_!V"%K`7:1JO--4.%*U?KB`"W5C#;6V\LHK4L M6'LUE7$4#$,6,&UC^"B%U,>$I.E-?BD']9]?$P:LI22:BG**J^F"KAQ'1RNJ MQ+ZU62LRQ2NM[IDL2G)AQMI<.B^J"!VI!/F=U06+7WW%)0.H*@8HD`.+`APC MRD`@='Q$?K@MP"1.;3%#589Q2?+=@%BS'K.(8D=5F<#;$0HSB6=;6%:59_R` M_R(J-`?8UJS3+&+;[N)/\191?']3OQ!$_R+)!F\.4VYG),W8IT\X>?Z$LX?^ M\I"9E6H!::@5H]GA84[M+T(9M4,\Q6Q@=EI)-F>A*=VWE$D"\(X>V:[R"@1UB2*\#H+[L*('?C# M"L9]MF>OS55LV>S'/D;1%.7$'N0Z\^?##!YFV$T:-!+Y+"WGF37`!>W8DF!- ML(/Z":K9>+!P@I@-5!E!A97OGB6BY'%LG>IQ`+2($VYQ4$RE=$_]P4LX3YZ0+L1(%F4>G/UD4)&'@[ M$N5=)MYGV-?C;A\4F7>+./O;ZL5^#+#6VP1/Q1"3:U13KPU9@$WH1M"RN&6< M[T"O3"%9$(%V@HN=&0"LMV^[CF3-\;!7$V/6`0?8,VT$.+LE0)!FYWO\D9UL M@Y/50Q#_-CD/GE.]TL#(2%4R##1B1+Y!/NV7&";-$+-UN-5N29+@*"B.2E*5 M)>B^<,?FO&+TVP0]TE9X,$%E"%%B#3"=H##(WB%8G'-Y8*I2,_#M@#"NL M&-"I-BK54:&/F`'D?=4U-CU$5=I8_#"MZ@8[MOG>GU$C'+"$5HDBJC''HLM1:E)@U0FL*]T0_&BUX=#JKZCORAV15067\I[G8_AVA:(`G7F*GMK^E?Q2LNB]J+N:8*)>7.,>`N9V" M2,>C_3I)U[M-L-.JJH[6;$ZE#MDO=G+EF/B7%VS'P+_;\DY5P*E*-,OD=%]F M:1=2.M,BWI=%:DIHE#9B5#LH3QP6(/HEAJ2(>)$=#LWR\AZWG:E=YV+];"O- MIR^RYZ'Y3=[S5G/46;$;66OB04NG_*I`'1-(@UQ8SWDZ7H78AQN13"-4&\L5 MTPDC9TD]\)"A?=MF&$B]9IV&LZ/@U4XFUG)GCE2:L4M9[T?ZCB$IR/>.,&E8 M%X#]6*P5M'R:(_.T1N;+&Y0[AJJ@0'$$5:N%S(*FN7E,@8;3C+VA_BGX%N[V MNP[&%5+EUQ9*F3!+8-1Z02+W(Z2/3"TO.G;%!R@LA8JS%ZBJ%[=LJCJ6P'NA MC7V!0HUVJ4%'>+%3$"@<#$$*3?KL*:H>%V?-E`(O'B""1&Z`$,-D+;%L,3TK MO`S!R6F)DU8L.:E#C%4OYW?JU`<.-'7"@6,U=9Z'"5YG]4$2\SC, MPB#*UR_97=7\0:B>4OG%H4HFI(#YL)YVM=P*.:-A)4_*82%0SI13J.Q.4)!5 M->@)FP_:Y"8;IXD5LIM]POZ1%3/Q(1G[:AQ-/)'!O=WF($R_IJ2.N^.`V$XM MH.?/`GQII5`('P[`0:4XRN414_!CU.T4PL(/:T1 M>@B=O'"[^RX@*BAAG$'TJ`4.=ZI`3PE8X-B82(#Y.'J!`YMFT+`B+7`*N==4 MX`B&%?J]K`"Y[N`Z,`"9S!$[6Z`)'%*LW=REN!-F)T%R89S+.AE?M)W><0]D_F$ M=W[6^N-&^,>+^0J>W&(=A!DE`?Q;44^?L)C8N5 M@^9Q\R@)[Q\RAOEBBQ%&.Q+C9X1#=O(\N\-B@W=LUR;)_[$-O^'\[PUF`87Z MHVU"FR##:6OG9_E5T#K_+FA-&SKVJI(5,A#+H.QL:S*P>MCM9-RT,=EJ:6NI MA58XX^DD/X"[X$=A`S&!1FUY,(,*.Z@T5`A^*6S]OQ]\ZL/&0T*9;H`U=&]S M7ZR%ICBC57X!>)\LS0VA/X@C1H>'Q+%:5B^K&Q;S`O[@GULXPX3+GTPE;$)^ MN6WKY2W(G9#!`.WI;$?V<:,<9>FN>_EE:[?['::F:8F)-_MU+A-$$?E*433Z MBT-`D!#MKFQ34:Y7DPUBWBT2[91N,#\&&*3E5RU4SMXUZBT_4H1U:`GJ(VO8 M,JQQU`XL5C$P9P8(.^TAS)?2PSJN!.6#-5Q9+0%N\"X(8^KN.E]#6F[/]W@9 M?R)Q]A`]EQ5(!YTZ*N5/`%,Q80O$@_720,.ID#I@&]-:$MT%$4OV[&8J=MG] M\SM6-R1/^1O%*3N2`^$T"W?YS%-275,5Y%7&R/6!%G;(P+YM\PZB7;,/[NH8 M8+53/>AX,X;II(G38ETZ7\/>8S95NBODJ]LX7S$6!<6%$S`:%AI0-Q;+#1V7 MQI!DZX"8-N$?>QROGRM0?@VSASQZ'@9/KQB.@IK$"1QM7[M7^,+;8!]EBM($ M*'VX>$\N;7A7E9]'/XSOP:ZFM2H#P\;^U0P(&Z(?N?V+K:2*39OME([<`Q/:_?T01R9`+.X MJ4^)RE<',?%M?;8P9GY?G\J#S=/,8-Y,D';ZG2)-?$V?+:0Y7->X^,<^?&1^ M/J>8%GR+<-L%*UB>N[K!E;IB7W^%$7T M=9HE`=MY\XZV#Z.[(*6EPX8MBJS#O.6,:9UU$80K5UXM?,@@Q)](5/2R;"J1 MHRJ8310Z<8Y6%^L@$E=F..6LAM22J!!%3/95(@ZT*F(,.:MK(P(?SI9')/[, M@-=:).G$MV:T?)7``RV;&`//\K;D-/N$LP>RF<=/-*]AO/P:4R`]A(^'@]4Z M^-72J3<:@W3,=E0!7#C8.@SW*MDD!372/9>55'*LG,_RM[$*`^@!1ZP^83Q< M4_-HE]M'P7K-%E'HQZ-OW-5!$1G:R=T-4`#UQDXGL+.C`-?6+EH-=^:0S??% M'O!7X_.`W`.<7S4BA9M9G4#2>'LJT(_5?:@:/LV!R4J5&H/U,3=>'6SC&)'" M7:).$&GW+#D<;"]I-Z7_^C3A[O44"U0GR'$$C$YZZMFS7FL(78@/>.)K3&?U M:SV/09(]HRV584L>"SC326#& M/C@L'1(GM*T)"W8TW,7L$N5/T+_^/O%D>]O@KA>=!J?;]Z9GP'&-VCS^3>A` M$P&GKPT!HF/==!'@*G>=JG+7J2IWG5K.7:?N<]>I=NXZ?36YJ]N?'/AR>D"( MWE,Q>D\=Y*Y3A[GK5#]WG8ISUZE_D4NOZ]6Y"];W]G+7J>O<=:J?NT[%N>O% M(T"=NV`(<#Q??$[8GCKE%'%;3#@K7(G9G;LHK!YA[K?E2&.*HJ$W7=$OR&9S MU[U9,P\6B94=*YZ$Z'>":MJAT)#,-#1-ND*,JTG7MH=!6*FF5HOGJ!)`7PJ1 MT5^(M@`5\*2I!E:L3XT>3#N=#6V[&8284SYB3M!5L'M5N`%/;6K@QFHB_8AC MG`31-1W"T#]N%^$NI$.:\I]L\K0Z5KP#06V]\@?0T#,A!]B-]62LZUG('SU# MO079+2H-H%+E3RF*"AOY@+6WXL#01VVP8>S(R5T?6\2DV]O4!)NHN:KI]&BP MME,Q:+NT`VA:4W3PBVY1J8(:.O4%(M\%9`5EB&/,&A8J6KXL5B[:?NT@][2' M7%7D]6JM]TA(%A1&CI'LLG2:UV/C>=QOA;Q\@NGR2RB5KD7JREVY+J5`WJ$< M!AC+2ZKB77]X.45Z6SE2?RLK(.P$!(>C09BR%45I+4T+6XHW3$CRII71P0H9U9)M^`.6:=&!'1X"EG2P,6N!@*HF:XY4>B5`$B1D@<#R$D"7FZW.*E/6A0D7[Y0)_%VA6R` MO6W36<+ENE%BG*/53K2D%/`WR0HZMHMS<3?P(=Z6[\&;9\X-6NPF5+[]`3AI M)M+JJ5=)=#`N%,E3&QB6DF;?L).$R7-R'Y%,IQ>!\_L[J$5_I9]H(;^Z"`.+%]^ M78"\"?:5YJUG9*A'(1U@!HH!;)R%[-*_,%U')&5W>E)F!(CJ)^0KJT3S3/T0 ML,NL(_*5YN5'"I*$O[,@,T+0EN/W]8WIS/KV:K MBW-TM5Q=W*+KV=]G'Q87Z`N31;GPR"_3.<*)=X$58=EO!VE$IG=L4/BU]WW.J'BBCKD(.Z".95U]^&ZZTF;,&T#TF!= MB7H:JGL(4#&'VTLPXE2J2MYT?-BCS3G>XB3!ASO%V1O9J:A\!TJ77UXI;<(9 MA7'KA3O,GY`W$'5QT"E(OL[O^`NH,["I#SLZV=T1LQ9N+?)YI'M./=WG"%A3Y.BI5 MS0)2,6(-P(/%`*WA34P"_H7_;#ZB/[/79!B^LG_!U!+`P04````"`"586Y!0%C9N=`L``00E M#@``!#D!``#M75F3&[F1?M^(_0^]\K..EG9M:\*SCC[EMEMBN[OE63]-5),@ M"4^QP*FCU?2O7Z`NUH$;*`+@*"9"([$2BW4"DCE:P&3UXZLB>QUEW5R>D;\M^[DPNTW:5PM+-Z]>D]A@F MO_Q`_GB*,G""I4ZR'UXR^..K=9YO?WC[]MNW;V^^?7B#TM7;]^_>G;[]O\^W M#_,UV$2O89+E43('KTXP_0]9^>,MFD=YJ7*G^,M3&C<,/KQMZV)2D'^];LA> MDY]>G[Y__>'TS4NV>%6+2#Y+5-*0OXSH:YVP]3Z^+;^VI)@1Y+!NU<;6.SFI M[)>B&-R#Y0GY_]?[&V;ICV\)Q=L$Y+?1$XAQE67Q?+<%/[[*X&8;@^:W=0J6 M=#YQFK9LB'4^$NN<_IY8YW=[SF]-Q%L1+#ZB/(KMR%GR&\LZJL9@.2W$`' M+CL#,2\Q_IZQ69[!#1ZWTH+P-;$UGY^!H`_%$TKQ]*CTKP@WTEVTBYYB8""K MD*6179],FKM7W$B,)4A3L+BN/B6K"Y09MB^7H8&H>`J*OI&)TS5*+W`-,+]% M609(3ZW^^?N0H#=6Z29Y#E!/XWR2WNLV4MMPB['`,%))@:=;'- M)DIWL^4#7"5P">=1DN,5`BJ2'#?T'8KA'!HY8L4*#%29I:LH@?\N_3TVT9'S?^G\X?[&DQ\"MIL8&FILFU160-(="7GLCNDZSN(T[/N M[FPY.OM3?VMS_DDF^S9G^<;#@^[`,,&$WMY,_B#CU90CU41CE-W1Z0#CTG3C MT903\PEFY(;#9I)AM1?$>3SD^,_2M\V6%U&VOL:`S+XF48'!!Q9ZHZ@\]RF4 M6$=XT,YNDKLHS1.0XL4+;G.87T1;F$?Q-*I)USF!PK,M.44CX_LDNE'96U+C M/(J)\WM8`Y#;DY[%U62`0O-R`H![XA5V&_GN)L$B;$J[:`U37'Y=0;?DY#+) MRR^W^(=>9>`E!\EB;S$BJY$J9<5-U3&:]VJ+R3$G2D6ZD5]^YM5R]H3G4WA* MVC"*R;[[CZ]4BN#/1%.Y(F_5M:I-6)X@9&#^9H6>WRX`?$L4)7\I-7[][K0^ MG_T=_NGG2H)[L(*DXB3_$FW`0$4>2:T2G:2O0A<39VE?G2B=-QSQ7WN`&)_J MUA1OMU&*^;V>KV'<8FF9HHUBHR`I#;O2_W`B4\%)CD[HC/$<&*0_OGI'(@TP MWVKN=UL9FZEUJ7+PY$#8NL)YI%-_@+OOR-["C@H-!TT/'B"8P>/!U-,'' MB',-D%/?`7)1I,3&US";1_$_091>)8M+/)@-,"(BJTW()@L&*9*:ZH&%S;S& MRWO?\5*I]Q.(X[\EZ%OR@!=B*`&+FRPK0$IU+`+:GH-AT@8#'Q6=31P.LX8: M2!_"`-(_4(R7PWB5?`UCO'RA`HA!TP/.B"8PP/!U-`'*B',-D/\.`R"UQ[P' M6Y22;1.R0BSH..&3]B!CP+>&Q>]]AT6CY'X>=HU_&7H5`=5@*V!$%0Q$Y/34@PF3 M=PV5/X0%E2J^5`P6"AT5+CVZ0`'#UM4&9'K<:]#\,130/&*V#)QT/PV@47T* M#@T4CE+B-H]6@T:G?:AL-O@73[#R=]-I]P+'90?-^ MC[71K[T[0=D_X](,^O^`)AA$R.AHYA$&G!N$F&ZR_NGMR+2W^(`L[4 M"F(?I-C8;,E%#=PKZ?I8SG2N3)TC4^?&7K:B5@,.VD[C."P? MI>-P8!6EY1L2K'_Z-I-AO;?DGF6XD_A;&#W!&"M8WD]XR-'\ES6*L389F6?F M.\::4K58;6WY8EX81*R[6$WW&CV`>8'AV+VUU&R$C+\T^QW=+\YZ.L_2B"=^ MOU=3V)!.W"L>;@^N[^@T-]MPO\*_I`66?J]V'1A!+LB@9%[]8S@"&K)IQDQM M-KZBS))AI""I7U>X&P&7!7A$Y75+^6B00I:.KP0.$":AJTS*I?$60G%I2B&&R"G?%W]&4/>MC MS_;\;7:V^%)-W2NNO_;W8OVHO'9!,G-^MAEY=0QL>PPK2HED(\T6OD1:DGJS M7IQQ)!`@R>NL#RAN'>%.%)M+X_69!&-U+J"JC4Y'@I6+0@&.DK1 MUIH*:)UU'E$[(34U^[V%P9QT#@'3NHN!)`4;3N]X=+Z#"`5-:4! M)&!Z-/Z5[U?Y_M1O6/!5D0;"B(W^PI@]+W8XON9Y"I^*G&Q$/2*R`8`G$EA: M7._J)LD!-I-H[%7@P!B7I3@$A#4-D^CB4:ZJ<)?J`W5ODGE<+,I,56G9],;P M->%(A[,>QX#@;<%DNG#7J_HWN)4AMT#27WTR^8<;&"927_%P7/%0/#!\*6IO M9]^,7I'^X.9%[U8-=-$,RM`+@9&OS-**R/&U%U&N/U>^"8][:`-:Z1B[8@*J M&@E,*H=W#)Y!4C!#<5B?VSL$P\_.%&FF'+BO7`-0&;K,!EN&3;=!U*-F4RK5 M-J-D*6>>C=EN2%?GOA,;\B<.2YION%N`M5]J8O$'W;G\L;;,`&?J!9MH9X6" M7J)-6W,QX%18A[MK^"F""4G&/4L>HAC,EJ5>BRI`]@O(!T88'F1H%6Y.-A0+ M>XD_(PN(,:C*/MPUVM4+T:.`V;J:O)*PSD9[HNGR,7H9H$^E2)-=2:J(ETC3 MT%:,+SFFX6XREG=>*L\]'#+'7[HW@)HO7D*!+;O$J-8M&^XMH$8UQH*"L9#P MM#T94HL;7"IUJI[C&IZG2Q$W1^4"8K\1JZ2J`OI$?,-=K]=Q MF.2*VV(#D_*Y$O**('V8EJ3NQ[RRJ?T&DYJR"F@2,@YWH=Z^U]E[$K&YVTK] MV-Q8'7ST&QM<512@,.03[DH>C\@I<8F7H/K_3=(^ECI;?DW68+$BE[PYSYWN MST@-&>V/4;49^8T^:R926HOHUZFQJ_&Q0G4"5N34WW5,[L@RHH6Y:$'N.\)$ M"NG,W/>L]#/^A[++);M3([W=Q6$8[C*FS&17!0!DPRY%_59;;?#-9R#PU)!N M_`&3P"\X]+31B`_7+D]#C^>QWZH(,X[TED7A9-<:_!KX^SK'94U@\8@&UQ>Y M"!66HN*24RH<-,JJKHE!#OLI;A1X@+O!K4=)W#%*"7`W*A4B[OBJ&^-NQ#[X MI8Y2I3S-9G234!#T-B>M+ MW_QF&27GH6I&OB[ MTL145-`^[1UAYY/W*.!HHM;Z?4;A!KW0MRNI*)`A;18%7%+O4:*@J1IJ^(S# MC75AZ7V)-A%,)*=9?6+!1*LA]AY+2MHJ^R`N:\L1-"[R3/27%AQS4N;HC"P2 M)4N>^2I6X4[S]A=Z80)N\%^'ZQPVP7#QUB'P*)IJL$Z^Q][T&J7?HG0Q4%2G M*#-BBE?4M>/]GG)LRCU#=0P=(`^9BERVDY-I.,5M^?(T=BQI[OI8AYLN57"D MHU56)FVM7TX1BNK*7)(*>]&.2"HKOV7DE&+E/J26" MPZFZ':QZ7GI]&CL(?AV6'T$`HQ::E*(:E7!##W74V!WPY)$C+^>J/[__/ENU M,UL=6=*?^:K&#D@UTE\ESOWJP6:KH_;[/E_E6\:L&5K:<_8IP"O*UME)]MR);?OTO;,D=+!MUHR!O1'2V.96US&.ARI`DW>/9[)D^O M,GE.W:,.G`1TJJXX8?[0$$.7?WOY0Z?N)P:I1Z?"O&36T@"3#7Y-4A#%\-]@ ML9\=[G//#0$L25VWC9#Z:"&L9J?#8%@H4_`)-\;'=*U)^+>NU0LRP[S9!7TR M"WGR9`^7\O$DL4DXA=CFH!;RZ*Q?V-#4TV4)6X@.^%D5T\^;Z14&OR\U5K2. M8?SM,"B[I]G%4)5A0D3NG),@H>RAJWL0EM.@'`O1H\UOBS` M(VKS58OAS*!G(G=$'SQ(^1:PB\=1798WF(YHFJL];SK,C%=%/,L9O((YO#_` M@;&-&(!IQ`QW4)&WHG9@CG9`3K!]0=LVEJ)1Y> MM6HM<`PO)3*TO4F>0682XB?!@.]1N`PWBE2+^^:"96"!C.TDY8@YHE0WAU1%"'X;!EMH#L`BN\8M6#^K MKH9NW?+[HR[5\J'BV]!25@"N+D.X$^6NLI=@BS*8EW^_P,L)O'`8)7Z7IJ=` MET%_!%"5L81M:#+J##?<1]XDVC,M[1E6L"C5MHT-N*I4KA_B<@QK-OE5@94U M&[>Z<`X'Y)01O@]B6_N4J8) MD92^4HZ14]UP'-]7$^YFR3W8UJO"V9*!)!Y);5DZ2:!(DM#7!I+HU01_0V%\ M-'4/2$*G.9:-6$EX)DPG9QX)#\D#!9VB'6P`4%QE\+FW[MH>UMJ"]NBXB&RP M5SDF"Q1TDGI;&3>9507__F.CVC5*^ZO\\3O7%",QH&C&;`!876:!P]J*#6V" M7U<@C2!\/[L(6>N6X2G=)(],9\RA'7ED*FW@^)6Q@%W?3*TO^.AY>:MH;RIH M;R8$"U)MV]A`K$KE^O%OQ[`]*;\!9F5[DEM=N`<I07^0XUWMN'9Y6CXT\M";Z/4%-7E>S`.V$O*N8X1VSS>*]REP&>[3 M*L\FEX\=GN[V+^H&K^/UQP_8L`F:_0@*@3/O8;>)D83Z?8]BI?YR#4RIUVZ* M=`?.YJ'8;*)T-UL^P%4"EW`>)7E]D;E\9"*&<[*MXBP!WD@45KY8(6&3`H]# MZ&[NR3/^(V[77=9D5E?,,R0J"=P#[ MZ/B;I`J;)_'S)([>6:>_!W,`GTD.!59OYU"T(4H4"G>/UQ![?D$YADX:+4AJ MB#(/2D?(2YC-8Y3A`8;5W8UX-$_9Z/%PY@QX[8SLF*3O%"@5EL_4Z%44O',X MB_'R"O\(KE%Z@66'>94H#AN@^N??BRB&^4PC`\@PQI#0(^J4;OCY(W5>Y5%3E_.B; MW#9!LIH->R.-:]4/&=R"[W\/Q1/6`?^>@T6YPJC3!VKT2<;HP:J!>:(I1]X> M98K([8V#K+J8.V2R]`)=?.AQTLV"U/4>GG#R:ZJ.X80U!-\S:?':+F>P%&GP MDN,O8+'J!>!)C*?&G-IQR8"3PY%966KV\&W.2M^6/K@E&V!"5@TYG%)HRU?- M.TSD"MX%7DP)>#:2K"S@'WYTRC)L`G( M3S_!?-U)&.WN_"\F\TKR8/BN*Q[S,%".O#T9%)$[S,Y`%TT\$=$H*3"'7],, MZ39&)K88G@7RZZRR.BC4%;X+09L-S)LYT`4J@R)`XC1"B".3<"6D5;:)\%B5UC%0CXX%ST8($/S])V-D@SEO0O%NH-W/G*1BM\C%@^CYGF4 MP6RV',BVJ_YDN1.U0K7ZLH4\CUC4TETE8E&V@G"3EWW-P&QYE>5P0WEMB/ZQ M>_NPWP-%@7)WMX\H%<>*#;8:B-O]E(SCWO-.34'P2:< M?(V6MF<>J9AIH^KT)RDY2`=K%:>8IJB9?88)W!2;]GT..4QK8;INQ1M09KO'HJG?X%Y_HAFZ=ES!&.B[S7:O^Y;#IQB8)NQ M&Z%;EYW_$+=B*$67WQQ/!O\?OV%D7\RRR\+0//1W,%6N5R; MEU*Z7NG0M8G(]1J'.P*>)%!5[WN4F6<"R/'))ATM+&FD'E_`4M!1]A86GV6X!XM[O3Z3'$]E0#=Y3#19/8)THX`F MM>(CA,D6#P)U6K901Z)L-9;F39X$X3L>17Z;H?CGN_,H)M.6AS4`^:<4%5M( M`">(RI8REA0G\=(6N9ZG;`XH7-TFE M\FR)%<,S12EL"TMS,Q8ES7<03'/$4I_N\#"@R:,]#?7`&3[Q"M8[>KU MI.&ZDT_5+#-95,<#1#E#3`0X9N7ZIQ>T>U@V8'7UL@7D$>@&_%14\8EJ6[*( MC@=34F:8"%*LNO7?2IL:4?<`MG'T7%2Q"0?(HA$>'[J$YI@88;3Z]9]OFQIE MV,UFX-<"RWH+?RUJU;EPDR@QP!VWQ/$!4-Y`$R.1*XC^HW/&D+04O@DWD#R8 M#*,G2*)^+M!F&R6[V]N+65I_:R:N:[B]O?L<)1%)._49;)Y`.DL_`?PIBFN: MV;>:L'EW;!CS>9C:FD#1J6L[GEYWV(:9J,=.KH3!P\YFNQ&,X:/I)B9&FPCTBB+5$/Z#IQ`>B\P8293+T:'+*W>TL)4VUF$@ MRQ.GANL?`[W#(Y9IN+C(Z`2< M5\17(YR]P.$)FT().1-4)>P-(<-*`+A$FP@F`SU$9&W*,!:9/8EOL;>X+I)% M]M?G]]7D<[A.8A(T2QL*@AM3!=(ZT6/AVTL-6KZP>TH(H71=+.JF]2B3JJM'TLWE/T(G]LW!^MD<[( MIF3OLKY^,!>GGF.XND!5#T^DP0U>!2C.*T;%Y"87G6)3SC#:S:$[D,X)(E;# MJ:-2&>;<@UK&UPXV;C*J)Q/;0:F;M;72?1NU-M^F"_T<%E>_%G!+=/N:@641 MW\+E$%S2]$ULH)@^*%"IZJ\/*(F:G"7588"I.ILB%^2641'GL^0S2O)UO*N3 M`@V#S.2HFZ`R$750,%+371]$PGILIJJQ`:%[0":$;8`'EKP``ARI%&EO4<@4 M"0I1&E;0AY5<9?JQ.5Z$T'Y!"6I\\">L;E9G0:+O4$I2UZ874KL[EH]R<`W` M33)'&U#ME^=@<;Y[`.DS),D)VBWV,RPQ7D-LR'[K<(_!B$FS#Z')Q%FWE84` MLF2@?O\5U%[N;FC6>MRKO.^IY46(]^Z!EU=>Z/V54W15C+\DEV1CJ5 M6DY7#U^JZPE"/?7DDH^[5)7']SD0WJS/M!%%$UG]-@D+F M0;9A2I,@:33>3[IC&6V#(Z"2'"@8G MW[9R^[O/@A:7(Z:>"`2$`24MY<`@8NG;[BP)OBPVH,Y;>1&EM)'ZNB!I-.I= M0$)#Q8P-5NWAI0DK;_%FT4)R:#2K<(K=WL,OELVFM$AJUD==/FM57.W%TRH\ MFBT[O34:LKI&86TQ*H_T]VEI3HAAM7Q]07R)4S!/&\[VDT"M%`6;^0),J:0D>%,JHE MID-94YU^I,=$-\FP3LU]Z'L\HM.=EX"J,SA2J8("CIRN9@,?E;]^LI\#08/J M<014+&@$Z5/D=+4(C8'7.'QF&#NS]#HG:375PQ.\;CC-P''6T37T4!9C/LU9 M@CX?/VQ8[<\/7F/>@XIG-LFB-$L)B[J[0&P,#&1DIL'=8UUIRO,9)2G"#3)0 M-A)WK]02-UW_X,V>JOV.8&S,J?J&CF#![WD,@^"ABCA+J"5M,6NM]@4Y5-_>(C#[A.6 M]C9!OX"E3G]@LOSM]!`YJSKJ,TSAIEE7>SY)LC3,ZL^1]`6PF??X"`*'Y0-. MIPD2YM8?[M7TSJ4X_IUTDRNZK%L/C/OIBE6%>V6=%?2'U:W^^?#W0%SO`G$UVMUB**Y\[;K!N`$N12AJXK\1?3I9 M0,[(6SB,OJS/@`U=(0._S751I*0'Z!AJ4%3%1&U19]W;``KT;BYKGWX_5Q># MT=\YU?N6)K86;)_)%D^7XOAL14YEVFG5\)A0I4QSX"=7)E`(ZEC$!O8DZW66 M@^"`OO,NRO++@C5Q-&&AXDM'+"SFX*U8?SA]1!]/+Z/=:!N;];U]O'WTW>_> MQFH.)-95HV\-:JN>5Q_5XIO['HFHY,@U2[,`%;9S5X';U(Y>!HS>.GT^5#^E M(,(5/*ZCA.?&F&1]\%'(0D>92'.K<*)4YEMJ&I:D.IY.DXD`<\?N]\RL-BU> M);U@J*G*65M/Y4GV192F.[(B4+GMS"DIV"NEE@P6V_KVL0-HI?H-;A!._/H-T5V4*U]KC9G)1VNZF<#EF#`NM=KA-<(HD@2<7M'8PJ7;T9?E\4EBY MY7@4)YGEY2#:#9.X21:P%(R?;-X6XU'^>7/&/FW9WR1XN-B4D#W?T:6F)*0W M9\0>&Z09^61&EJ343/7:Y=E&$Y5W%QL-4M*Z?-9I6%&V%22,C&FMR)9+#L8)T'QUB:A].;4FW.Q(N=-A66TL[20X8XH M4I:[923_`3I0K6+@3';V-NLDV>4PV\&P*Y>(@X>"79>Y1'..? MOD6IQ+&#`A/U*S0])MX%%;122X82C.@%`00=>I^&4Y46YP0.L*PA'&4EZN<% M#'3JU1]\\3(7HL5#'J6YZY"7KCF(SHW*E5'N4O0,,VS*\FN6T1)Z&'!HWIC1 MX1`PILTM9@OE6I*$>SS%5_>G%.9XF%^J`7Q42@K4G5)'"V2690X#WD[M&M,N MOW)2\C6M#_DA2>9W'BTNP5.N!F$>`RDTTQD<+;`E['48C-,%T0_R<.V?K4^5 M?W[_?;+,M12&M\ML!_P2:- MXLYQAORM5@.FJML9`J;^FQID9#OLN2I)C[/W#(`5/-9:G;77/,X0JOZ.:DA#ZJ*6G_5:?%CV>*;_*5/$@ M2P"!0/J+.-=C8N5*`"T3)>5"!GT%8,2C;D5-'C[-)<2S)YEK!;(\>#<*Q#R< M.0XSK+#B`A6-UG<96B(QH__$HAS5!-K&1-G&A-CKB>\4H#>=;E[<:Q4F%WTSUTFF^U*!4B;&+$J&M'DWG4OJ;'B@ MB36.?!90<51T&P,MU3Y(5K]^W^;Q+A]Y9_%TE@K0T@G^_EV/LPU*<_COTB`T M=8=']^HEFS-[E9+>HTW?#FH(5*K'TF#O9!1YRMV/&5@&T2,$?*+6B=*)'(X0 M3_E-@L4HR+2#EM&`0]%1:D3A,#8C66%7NB%2/>+**-D#>"1M_`6-Q!NEJ-?Z M^40,Q9Q?T#_+,I"?1_-?P*)^>A."C'H%6H*R&5%XE`[7+=SV02H:#E M#RK(^*""C`_A(H.NIR$R/@R0834%L$.K#M,52`V??%LVV098K,)-*<";!5)L M)[SU3^%',USH%_/[:MXR;N`+J*C3[%L/[M3W)>+F'98AI>KI369A42,A)25Y MO>&V>YN>S_-8>L9-@GL]R/+[*`=7RV5U=K%/5$M^OH^2%?@,$[@I-EQP:?*B MHD^95SCP-#.3)GZ5*PW\C2)-[:,7>RCO\S)#>^UED8SJZ`0NN."8>)48``+H!S7<*0/8I!`"/(R2$0N"Y5K6[`X1VF* MON%)U'A;V(2)X.*>B(G/4+5B&&G8ZM86;LCG192M>]I5:G6W;`=052C1O+0I M4\)G$*JK+(TX*=:6`G&9V"IJJLY_E(9 MUZ#ZO0%B2,H(AK%AUU`C[H]\(ZPC_ M=;M5`1BWI*R#ZI8,#UXR)K#GM+I5U.#Z&.C:LF^&SU%.IH2[RV83YRI9#+,! M*)2@3J$8)7S&G+K*FM,H!NMFGSCXDY"1?F7V146$]1W,@<58[)J/BJ4L6#H28RFFBILNO`8K&KOXS2)^0^Y'O4P23 MK$I\,$NN7G*8K`J8K8FBLR51?``<:?K:R!+T/D-)55UI3$DP;L`5[H9]LGJL M`WW.=XVS9836RQ%W`IQYQ%ZH7(L%R?[V-MJ1EL63Z+L4)G.X)2D-OH"7G.0X MPTW_^`W$S^`S2O(U+9#=%DN*^?19.@WRDX`*FL1VX^!`MBA-M)NY"('?.%,R M0FV`?X(H??R&3'H#G9-.)QAR.C;L2'-0<>#*2M.Q9BG%'6`B]3M%>\ MCAGO%&L=#/%5W5,$W0>`^6M4#.]VV&!EB/B*U1$#GF*K0^&]JCKX."1-Y>&S M+0_?964*]Y+5,<-];*N#P;VL6C]F*5BXGRVQZ!8Q3^5G`/P!OR-%/\]JA^@" M@_K##:[J*L]!,P>8P6',(EQ,(J"\2+LJ%3VKL'NI$"7+Y]JLE6V%P_ISUU1D MUX'L=Q%NS*? MGW;Z(49T$ZLBQO&'+'G=>F)RP\$R`_,W*_3\=@%@-4[BOPR'1_S3SU=)7LX$ M:%F%J-]J!0;?#B3M+5A%<5GUCI8RB/ZU&^.X/$/PQ8 MW^)N=8$V&Y"2?E4G(+LNDL5M/*=FZY`OT-I97,"9YZ5:'&EHV7>_7;;EP"_! M+MP\$ZQ^AKB('DQ!^SR(T?IEPS4/W6TBD7^B(*IA4D%J4-AU6@$U_]=Y`&`T M&^QY0QYASS?2"9VM,?]:)!"EHW%]H*.`JE:02>78;W+;!LEJ1W.=-,X$]4R. M@1^H*]U%YX;^29;5R2G@/=Y,+*&"0L5ZPGW3^B+:0K)A4][J_0+R?;+SF^02 MIEC5-E%X13.`IG;Y]@*L!!#XI0V`?\!;L` M]2X3-,'H"<9U1OFR41:SY)Y,Q5*"U@0/B$G:_/,\RB#U),@ZWZ$9 MS?FZM_GYKOWK7R">SJ;S]>X6/(.8E9Z'_@B(!.6P"],HPX.BO.*&L.-6%/A=+)IN[Z5Q M]EX:9^^/"V=TQ2?`V?LI'QUQC#/ZTS42E!R,V&IO" MKH?,JRR'FR@'LV6KH.RT3Z=H$RBA5#0\5!J8QA"F:C5;SGKLHFGDUJG(;!W' M:!1NW3VG(5=GN*%E]O=AD.9>!*.I3.7JM:9`GB-80!F8:W1N:'&K;L3;XG;= MK0>Q>M?-UG5G"[_]K:/2>123P-V'-0#YIQ056Y+$GK5Y;)-G8V\[/#V)XTND,$[^[74V.*()9XTMMHN^$BG"Y#F>#UW M#^*29[:&6V*)QS1*,FPG\M-/,%^?X;(QQ&MUYU%0I:1@<1>E^:XK)6-&*4M> M(TA,[FP>V!7M`F7Y<,W"_$Y1K?[NS%%(MPH2Z]7O]"+.I.-3.(:[#/X<)=&J MW*RY!G5&YKL(+@;@$%#5IF12!0$4.1W5X<+D&^X5E9Y*ER";IW!+].:AAD)& M@TV/+#S%Y#ICUXR9)E]T3A^*Y.;\1#AUQ) M&F!$) M%)LB+N\$G"5)$<7W("_29(97SAM8JYM@(>HKGQIJ7UTJFQRR)DSV7;Z^(POL.?*F\=7##EU0,F\@:`0FKI_% M3M;3T]/%T^6%RY<@I-UI_7LXF.C:0UIGX?)"-?ODT))RNR'["A98S+3XL$2S M--N=YF5G5P=E?QYH]#SC3JC394L5S[`@._5C]($%T/)7+5VZ(P5!-$,T94*" M-21*/Y<[ABCQVY9?&))2]DC$$:D@]L72?6SY90F6,F^=K,U<\I9JGA90$$[M M'8/+"O"XK'G$-RJ;:]# M/,9D@71K7RLM;AJ"KC>.:DK];L7)XJ:AND\S["1_;#BY`/U"$NXZ)`,<5=S: MJ.'!?,T&^XI#$9C;,2FQW@!"W`WADD+OVW>FUHN99<-@*&D6L-B>4VFKYF11 MUBI@H8Q6V2@'S\H:!2S$^6OM47*F8`%2#P]C,V/"U2K=N;:GIGF#S7M,4KDU M893RM>Y.#43G-XU,BEWM8?U[W'YIPRK0;L/Z%4J(/F(V1[XX%)'WH74LY%B^ M)\C<8K_HY^,!'7`')%F<1V.F..-AMTSF"]Z&2)P)4!=A<^5"W&)'+3&3 M%2%2/##LS:E4:[&"J0!=)E@`E09K`NU)`K2B,E$@%/E2T:N=W)]JU#)1V[6H ML!;61CF#RNW+@"^/(1/'UWDX[J4C=X'V\FM$3T*TN\)L283)[C&7X.H+<):I M3647;ZC$3D&8"TO)Q/ZR'/9!I8@R%%;[3_0JJ/DG%-1=]XO3^@46J[[C/A4= MZ`GTF5B_*8DUB$=:?HUG)IX67V)&_ZMU!9=GA"5$Z];BUA.4$2%\$/.(,I%[ M%[I%^V1`$UGCC\;(_(\Q-:T1,D9W:&1,'\8]9/71[HRCI0Y^M2;3(<]0,<K`-+&-4HQ-'QW!@Q5!>?]_E74Y@ MT1BXPL?`__F[2@C*K8]58>HKV4-\:H^ZX=V=.`;5)"&#P MYO<'8V!.O]1(QN-\LB`<0.C[16S9=84,QEA*60Y*;^,HW?7ZO3$@@?KF",!2 M4U_7FDSKD96$QTR&K0]/.6W]+JFM;Z=UNR9X!#.7S^$]N+: M;9L##OM.(;=WGAJ@(\\[@UT2#KYS;SW/:WI M&%QEHZM?HL_F]#=D]/OFP(1YL!YM2>FA]9KJ^$6[P:X.-@G;AZ59!#FX):01 MNM9P:.H()_"++1V!]D9U^'E&`N&41$*QA,+/YR44T*NPFCJ55R:W,%5.7VZ& M(:#*!/!]^3P#>N4+KB$[/>$0!;`D3PZ<9R`T9AI[^&YP6]_RAVIS)G`_MRD4`-_,D[C'<$D'6*;32&M)FP7IVX MWZ@^!=#B:Q!/#1P.L"S'D@/IF6%#C>P)4<,!FOED.0B>$#?4J)T=.!Q@6)8I M!]$7"!UJA$ON8![@F4V2@UZ)_V40Y MN)3:_ZS1*KL3>C1<,BAR<"J\+UIC5#)Q<@!1%D$.0B52)S5"+Y<[.8#O9.YL M;%\R>_)_@/V'UM&Q4/_%X>%1=724KCCA;@82#PT5TB+`%SV=K MHC,LK0.\I3Z#QM5;GAY)$(F_?026$3O5"C2!II%_6J&?*HE+E5+G*'% MFQ97![4+*J"I5;5OFNWWS4Z['`"Q^R$*UAHRJ(K?GF9I\@T01>J/?+:)2 M>GLA&6T67`BC="JM5'NMKHVX8]BY/[="_JJE6MX1]G2E&2MG$8P MS`,R*O6E.1^YZVU"0@HD#<2HXZB,QDT#8F8@QX'0\+=/NX%^X7F4OF7^'2S7,GS_`M8ML"-.-"\M*90`7SYIQ:!+ M4S@)O`*T582O3XC8JPZD]YH]8E@J112LL*+O:PQ,0<2&]K<6,)#4=NBQ+6D$ MU35E3.ANCS#5G"2BZIH$G4F0KQX4#.A73QTT3^IVA:BK9Z1_4YL37(4P.=C@ MI6MU7CZ\)6%%-Q%S2_)%#5^[X*]COOTK#?>=81D6S?QK7*!!R(S*PJT1M\1D MDG"P-+TELGB""15F4]#55HWU+9H@S5BU6@^)7+ES'SU"[MPUIBQB6SK)P=HP MUR^_Z](W('C1]]A<_.OQ]9"L9X1'S$@JK+`!G2P#.E4U(-Y7K*=@!-S[O1TO M26;?2J3_IF,FW\K@ZB"VU)^_]&"&WZC2!T$6GC.@BZB%!6BKMR#X2Y6U"*Z_ MM-C097+E;,$]W!^:T^;E4OK&A7'@SK[)2SG*9U@Y)FJ\[#PJ,,(C&:86(Z^P MO8==<4QL0A]5);&9)H^P>K,.$RKQX7^ZU,5\'XWNE>][Z@O2`"=%$S/[/#%5 M:Y0[RL$7W5E@JKTJ[&A$IX2OA]"5U]XZ&LD79*C>=)6G.7XN:6K(4#U3U7>6 MH2\YAK`]#F,J1<46T9B>,912*2IF25=OB5S,M\GHE1\J=X^$K[UX\QHDOA4"3]( M_Q]B!ECJ/V5`B%I`;['^/`F4$F*LD'8"/S;:"TIQ5:M+I*G>]QREL^M)_[Q* M`6OC+-4R52>"S/0L>TIY]1S:Z*33]=;Z4[Q'8D`4A9TQ@5B+6=:FL;V8Q@=4?YALREJ M0J-5SX-B)6S!YQ-]SG.H/R?WOH.#7_P!02P$" M'@,4````"`"586Y!G%?/'0>.``"QQP<`$0`8```````!````I($`````;&9O M`L``00E#@``!#D!``!02P$"'@,4 M````"`"586Y!2)RSMS@-``"*K@``%0`8```````!````I(%2C@``;&9O&UL550%``,*T:-0=7@+``$$)0X```0Y`0``4$L!`AX# M%`````@`E6%N0<9"NO&9%```7!X!`!4`&````````0```*2!V9L``&QF;W(M M,C`Q,C`Y,S!?9&5F+GAM;%54!0`#"M&C4'5X"P`!!"4.```$.0$``%!+`0(> M`Q0````(`)5A;D%C`0IOQ5X``-MQ!0`5`!@```````$```"D@<&P``!L9F]R M+3(P,3(P.3,P7VQA8BYX;6Q55`4``PK1HU!U>`L``00E#@``!#D!``!02P$" M'@,4````"`"586Y!0%C9N=&UL550%``,*T:-0=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`E6%N03,UN4!L"P``L&L``!$`&````````0```*2!^SP!`&QF M;W(M,C`Q,C`Y,S`N>'-D550%``,*T:-0=7@+``$$)0X```0Y`0``4$L%!@`` 0```&``8`&@(``+)(`0`````` ` end XML 13 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 14 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT IN LEASES AND LOANS (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Investment in Leases and Loans [Line Items]    
Investment in leases and loans, gross $ 116,625 $ 189,348
Allowance for credit losses (4,371) (4,410)
Investment in leases and loans, net 112,254 184,938
Direct Financing Leases [Member]
   
Investment in Leases and Loans [Line Items]    
Investment in leases and loans, gross 32,801 [1] 56,654 [1]
Direct financing initial lease term, minimum 24 months  
Direct financing initial lease term, maximum 120 months  
Direct financing leases and loans [Abstract]    
Total future minimum lease payments 32,221 58,450
Unearned income (1,851) (4,215)
Residuals, net of unearned residual income 2,739 [2] 3,256 [2]
Security deposits (308) (837)
Loans [Member]
   
Investment in Leases and Loans [Line Items]    
Investment in leases and loans, gross 83,301 [3] 130,788 [3]
Loan interest rate, minimum (in hundredths) 7.00%  
Loan interest rate, maximum (in hundredths) 16.00%  
Direct financing leases and loans [Abstract]    
Total future minimum lease payments 91,203 145,038
Unearned income (6,424) (11,817)
Residuals, net of unearned residual income 0 [2] 0 [2]
Security deposits (1,478) (2,433)
Operating Leases [Member]
   
Investment in Leases and Loans [Line Items]    
Investment in leases and loans, gross 523 1,645
Investment in operating leases, net [Abstract]    
Equipment 3,980 6,998
Accumulated depreciation (3,457) (5,353)
Future Payment Card Receivables [Member]
   
Investment in Leases and Loans [Line Items]    
Investment in leases and loans, gross $ 0 $ 261
[1] The Fund's direct financing leases are for initial lease terms generally ranging from 24 to 120 months.
[2] Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment.
[3] The interest rates on loans generally range from 7% to 16%.
XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY
9 Months Ended
Sep. 30, 2012
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY [Abstract]  
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

The following table is an age analysis of the Fund's receivables from leases and loans (presented gross of allowance for credit losses of $4.4 million for each period) as of September 30, 2012 and December 31, 2011, respectively (in thousands):
 
   
September 30, 2012
  
December 31, 2011
 
Age of receivable
 
Investment in
leases and loans
  
%
  
Investment in
leases and loans
  
%
 
Current (a)
 $113,043   96.9% $183,187   96.7%
Delinquent:
                
31 to 91 days past due
  2,541   2.2%  4,118   2.2%
Greater than 91 days (b)
  1,041   0.9%  2,043   1.1%
   $116,625   100.0% $189,348   100.0%
 

 
(a)
Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due.
 
(b)
Balances in this age category are collectively evaluated for impairment.


The Fund had $20.9 million and $26.8 million of leases and loans on nonaccrual status as of September 30, 2012 and December 31, 2011, respectively.  The credit quality of the Fund's investment in leases and loans as of September 30, 2012 and December 31, 2011 are as follows (in thousands):
 
   
September 30,
2012
  
December 31,
2011
 
Performing
 $95,682  $162,548 
Nonperforming
  20,943   26,800 
   $116,625  $189,348 
 
The Company's investments in non-performing leases and loans as of September 30, 2012 and December 31, 2011 were collectively evaluated for impairment, except for certain asset backed loans that were individually evaluated for impairment. The following table summarizes the activity in the allowance for credit losses (in thousands):
 
   
Three Months Ended 
September 30,
  
Nine Months Ended
September 30,
 
   
2012
  
2011
  
2012
  
2011
 
Allowance for credit losses, beginning of period
 $4,630  $6,510  $4,410  $9,854 
Provision for credit losses
  2,308   3,089   8,252   12,293 
Charge-offs
  (2,817)  (5,431)  (9,193)  (18,804)
Recoveries
  250   751   902   1,576 
Allowance for credit losses end of period
 $4,371  $4,919  $4,371  $4,919 
                  
Allowance for credit losses:
        
Ending balance, individually evaluated for impairment
 $3,580   $  $3,580   $ 
Ending balance, collectively evaluated for impairment
  791   4,919   791   4,919 
Balance, end of year
 $4,371  $4,919  $4,371  $4,919 
                  
Recorded investment  in leases and term loans:
        
Ending balance, individually evaluated for impairment
 $19,902   $25,179   $19,902   $25,179  
Ending balance, collectively evaluated for impairment
  96,723   198,640   96,723   198,640 
Balance, end of year
 $116,625  $223,819  $116,625  $223,819 
EXCEL 16 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O M#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-50D]21$E.051%1%].3U1%4U]005E!0DQ%/"]X M.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D9!25)?5D%,545?345!4U5214U%3E0\+W@Z3F%M93X-"B`@("`\ M>#I7;W)K#I7;W)K#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/E-534U!4EE?3T9?4TE'3DE&24-! M3E1?04-#3U5.5#$\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D1%0E1?5&%B;&5S/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H M965T4V]U#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-5 M34U!4EE?3T9?4TE'3DE&24-!3E1?04-#3U5.5#(\+W@Z3F%M93X-"B`@("`\ M>#I7;W)K#I%>&-E M;%=O#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/D1%1D524D5$7T9)3D%.0TE. M1U]#3U-44U]$971A:3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D1%0E1?1&5T86EL#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-50D]21$E.051%1%].3U1%4U]005E!0DQ%7T1E=#PO M>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D9!25)?5D%,545?345!4U5214U%3E1?1&5T86EL M#I.86UE/@T*("`@(#QX.E=O#I3='EL97-H965T($A2968],T0B5V]R:W-H965T&-E;"!84"!O3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA2!);F9O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^3F\\2!#=7)R96YT(%)E<&]R=&EN9R!3=&%T=7,\ M+W1D/@T*("`@("`@("`\=&0@8VQA'0^,C`Q,CQS M<&%N/CPO'0^43,\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$6%B;&4L(&%C8W)U960@97AP96YS97,@86YD M(&]T:&5R(&QI86)I;&ET:65S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M;G5M<#XQ+#`U,#QS<&%N/CPO3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'!E;G-E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D M>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4L(&%C8W)U960@97AP96YS97,L(&%N9"!O=&AE6UE;G0@;V8@9&5B M=#PO=&0^#0H@("`@("`@(#QT9"!C;&%S3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/&1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I M;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q M,'!T.R!M87)G:6XM3L@=&5X="UI;F1E;G0Z(#,V<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F M=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA2`R-2P@,C`P."!B>2!I=',@9V5N M97)A;"!P87)T;F5R+"!,14%&($%S2!O9B!297-O=7)C92!! M;65R:6-A+"!);F,N("@B4D%)(BDN(%)!22!I2!S M<&5C:69I8R!E>'!E2!S96QL:6YG M(#$N,B!M:6QL:6]N(&]F(&ET3L@=&5X="UI;F1E M;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE'!E8W1E9"!T;R!H879E(&$@;6EN:6UU;2!O9B!A M(&YI;F4M>65A65A2!P97)I;V0@ M;V8@='=O('EE87)S+"!D=7)I;F<@=VAI8V@@=&AE($9U;F0G6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI;F1E;G0Z M(#,V<'0[(&1I3H@5&EM97,@3F5W M(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA M&ES=&EN9R!F:6YA;F-I;F=S(&9R;VT@ M;W1H97(@97%U:7!M96YT(&9I;F%N8V4@8V]M<&%N:65S+"!P6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD M96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S M($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T M.R!M87)G:6XM7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT M.B`P<'0[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I M3H@5&EM97,@3F5W(%)O;6%N.R!M M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT M.B!B;VQD.R!M87)G:6XM3L@ M=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&UA2!O=VYE9"!S=6)S M:61I87)Y($Q%048@4F5C96EV86)L97,@1G5N9&EN9R`T+"!,3$,N(%1H92!C M;VYS;VQI9&%T960@9FEN86YC:6%L('-T871E;65N=',@86QS;R!I;F-L=61E M($Q%048@1G5N9',@2F]I;G0@5F5N='5R92`R+"!,3$,@*"),14%&($9U;F1S M($I6,B(I(&%N9"!I=',@3H@8FQO8VL[ M)SX\8G(@+SX\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM&-H86YG92!#;VUM:7-S:6]N("@B4T5#(BD@9F]R(&EN=&5R:6T@9FEN86YC M:6%L(')E<&]R=&EN9RXF(S$V,#LF(S$V,#M!8V-O2P@8V5R=&%I M;B!I;F9O2!I M;F-L=61E9"!I;B!A;FYU86P@9FEN86YC:6%L('-T871E;65N=',@<')E<&%R M960@:6X@86-C;W)D86YC92!W:71H(%4N4RX@9V5N97)A;&QY(&%C8V5P=&5D M(&%C8V]U;G1I;F<@<')I;F-I<&QE65A3H@ M8FQO8VL[)SX\8G(@+SX\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N M="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@ M9F]N="US:7IE.B`Q,'!T.R!M87)G:6XMF%T:6]N(&]N($]C M=&]B97(@,34L(#(P,3(N)B,Q-C`[)B,Q-C`[5&AE(&5F9F5C=&EV92!D871E M(&]F('1H97-E(&%M96YD;65N=',@=V%S($IU;'D@,S$L(#(P,3(N/"]D:78^ M/"]D:78^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y M.B!B;&]C:SLG/B8C,38P.SPO9&EV/CQD:78^/&1I=B!S='EL93TS1"=T97AT M+6%L:6=N.B!L969T.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C M:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z M(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#L@;6%R M9VEN+7)I9VAT.B`P<'0[)SY56QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@ M9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P M=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)V1I M6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B M;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE M9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$ M)V9O;G0M3H@:6YL:6YE.R<^1&ER96-T M($9I;F%N8VEN9R!,96%S97,N/"]F;VYT/B!#97)T86EN(&]F('1H92!&=6YD M)W,@;&5AF5D(&%S(')E=F5N=64@;W9E&-E'!E8W1E9"!T M;R!B92!R96%L:7IE9"!A="!T:&4@96YD(&]F('1H92!L96%S92!T97)M(&]V M97(@=&AE(&-O3H@8FQO8VL[(&UA3H@8FQO8VL[ M(&9O;G0M9F%M:6QY.B!4:6UE2!D871A(&%N9"!T M:&4@1V5N97)A;"!087)T;F5R)W,@97AP97)I96YC92!W:71H(')E6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I2!U<"!T;R!S979E;B!Y96%R2!P97)I M;V1I8R!R96YT86P@<&%Y;65N=',@9'5E('5N9&5R('1H92!T97)MF5S(')E;G1A;"!I;F-O;64@ M;VX@82!S=')A:6=H="!L:6YE(&)A3H@ M8FQO8VL[(&UA3H@8FQO8VL[(&9O;G0M9F%M:6QY M.B!4:6UEF%B;&4@=F%L=64@=VAE;B!I="!I6EN9R!A;6]U;G0@97AC965D2!E M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I M3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&UA6UE;G1S(')E8V5I=F%B;&4@;&5S6UE;G1S(&]V97(@=&AE M(&-O3H@8FQO8VL[(&UA3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!4:6UE3H@8FQO8VL[(&9O;G0M9F%M:6QY M.B!4:6UE7,@<&%S="!D=64L(&%N>2!R96UA:6YI;F<@8F%L86YC92!I M2UR97-E2!A M;6]U;G0N/"]D:78^/"]D:78^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!J M=7-T:69Y.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R M9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I M=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT M.B`P<'0[(&1I3H@5&EM97,@3F5W M(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM3H@8FQO8VL[)SX\8G(@+SX\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C M:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z M(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM2!T:&4@1G5N9"!S=6-H(&%S(&QA=&4@9F5E(&EN8V]M92P@86UO;F<@ M;W1H97)S+B8C,38P.R8C,38P.R8C,38P.R8C,38P.U1H92!&=6YD(')E8V]G M;FEZ97,@;&%T92!F964@:6YC;VUE(&%S(&9E97,@87)E(&-O;&QE8W1E9"X@ M3&%T92!F964@:6YC;VUE('=A2P@9F]R('1H92!T:')E92!A;F0@;FEN92!M;VYT:',@96YD M960@4V5P=&5M8F5R(#,P+"`R,#$R(&%N9"`D,C,S+#`P,"!A;F0@)#2P@9F]R('1H92!T:')E92!A;F0@;FEN92!M;VYT M:',@96YD960@4V5P=&5M8F5R(#,P+"`R,#$Q+CPO9&EV/CQD:78@3H@8FQO8VL[(&UA3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@ M8FQO8VL[(&UA2!!9&]P M=&5D/"]D:78^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N=#H@,'!T.R!D:7-P M;&%Y.B!B;&]C:SLG/CQB3H@8FQO8VL[ M(&9O;G0M9F%M:6QY.B!4:6UE6QE.B!I=&%L:6,[(&1I2`Q+"`R,#$R M+B8C,38P.R8C,38P.TAO=V5V97(L(&%D;W!T:6]N(&]F('1H:7,@6QE/3-$ M)W1E>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)V9O;G0M3H@:6YL:6YE.R<^1F%I2!O9B!T:&4@2!W:&5N(&UE87-U6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&UA3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^ M/&1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`P<'0[(&1I3H@5&EM M97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM3L@=&5X="UI M;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D M:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@ M;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^ M)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W=I9'1H.B`Q,"4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&-E;G1E3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q M)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q M-C`[/"]T9#X\=&0@8V]L6QE M/3-$)W=I9'1H.B`Q,"4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1E3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#4V)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^ M/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@ M,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE'0M:6YD96YT M.B`P<'0[(&1I3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M:6YD96YT M.B`P<'0[(&1I3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@=&EM97,@;F5W(')O;6%N.R!M M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W=I9'1H.B`Q)3L@9&ES M<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ M(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@6QE/3-$)W=I9'1H.B`U M-B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD M96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T M.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ M(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXQ,S`L-S@X/"]T9#X\=&0@;F]W3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I M>F4Z(#$P<'0[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`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`U-B4[(&1I6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.B`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`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`Q,2XU M<'0[)SX\9&EV('-T>6QE/3-$)V1I6QE/3-$ M)W1E>'0M:6YD96YT.B`P<'0[(&9O;G0M9F%M:6QY.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z(#'0M=&]P.R<^5&AE($9U;F0G3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+V1I=CX\+W1D/CQT9"!S='EL93TS1"=W M:61T:#H@,C=P=#LG/CQD:78@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[(&9O;G0M9F%M:6QY.B!4:6UE3H@8FQO8VL[)SX\8G(@+SX\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@ M9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P M=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1IF4Z(#$P<'0[)SX\='(^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=W:61T:#H@-#(E.R!D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO M=&0^/"]TF4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\ M+W1R/CQT6QE/3-$)W!A9&1I;F#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\ M=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@ M6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M:6YD96YT.B`P M<'0[(&1I3H@=&EM97,@;F5W(')O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R!M87)G:6XM#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD M:78@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M:6YD96YT M.B`P<'0[(&1I3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W=I9'1H.B`T,B4[)SX\9&EV('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D M:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6UE;G1S M/"]D:78^/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE M6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXU M."PT-3`\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q M)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT M3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F M=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\ M+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXH-"PR,34\+W1D/CQT M9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^*3PO=&0^/'1D('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@,24[(&1I6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^*3PO=&0^/"]T3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I M>F4Z(#$P<'0[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ M(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y M.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!S>6UB;VPL('-E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@ M9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL M:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`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`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T M=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H=#L@=VED M=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[)SXS M,BPX,#$\+V9O;G0^/"]T9#X\=&0@;F]W3H@:6YL:6YE.R<^.#,L,S`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`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`T<'@@ M9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\9F]N M="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[)SXQ,S`L-S@X/"]F;VYT/CPO M=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CPO='(^/"]T86)L93X\+V1I=CX\9&EV M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1IF4],T0Q('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`T,"4[(&-O;&]R.B!B;&%C:SLG M("\^/"]D:78^/&1I=CX\=&%B;&4@86QI9VX],T1C96YT97(@8F]R9&5R/3-$ M,"!C96QL<&%D9&EN9STS1#`@8V5L;'-P86-I;F<],T0P('-T>6QE/3-$)W=I M9'1H.B`Q,#`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`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/"]T3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E M>'0M86QI9VXZ(&-E;G1E3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E M>'0M86QI9VXZ(&-E;G1E3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R/CQT3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O M;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`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`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE M/3-$)V)O"!D;W5B;&4[('1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O M='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`T<'@@9&]U8FQE M.R!T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXU,C,\+W1D/CQT M9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$ M)W!A9&1I;F6QE/3-$)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D M97(M8F]T=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H M=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXQ+#8T-3PO=&0^/'1D(&YO=W)A<#TS1&YO=W)A M<"!V86QI9VX],T1B;W1T;VT@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CPO='(^/"]T86)L93X\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&-E;G1E7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G M:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M:6YD96YT.B`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`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#(R)3LG/CQD:78@#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R M/CQT6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@8V5N=&5R.R!W:61T M:#H@-#(E.R<^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT97([('1E M>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE M.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#L@;6%R9VEN+7)I9VAT.B`P<'0[ M)SY!9V4@;V8@6QE/3-$ M)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG M/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&UA3H@ M:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^;#PO9F]N=#X\9F]N="!S M='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@6QE M/3-$)W=I9'1H.B`T,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N M="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ M,3,L,#0S/"]T9#X\=&0@;F]W3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXY-BXY/"]T9#X\=&0@;F]W6QE/3-$ M)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T M9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#H@,24[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M M:6QY.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)3PO=&0^/"]T M6QE/3-$)W=I9'1H.B`T,B4[)SX\9&EV('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y M.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN M+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\ M+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`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`Q)3L@9&ES<&QA>3H@:6YL M:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#H@,24[(&1I6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W M:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXE/"]T9#X\+W1R/CQT#L@=VED=&@Z(#0R)3LG/CQD:78@3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@ M.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA7,@*&(I/"]D:78^/"]T9#X\=&0@86QI9VX],T1L M969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@ M,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!S;VQI9#L@=&5X="UA M;&EG;CH@;&5F=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXR+#`T M,SPO=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!A;&EG;CTS1&QE9G0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!S;VQI9#L@=&5X="UA M;&EG;CH@;&5F=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ+C$\ M+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@86QI9VX],T1L M969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@ M-'!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!A;&EG;CTS1&QE M9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!D;W5B;&4[ M('1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!D;W5B;&4[('1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`T<'@@ M9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ.#DL M,S0X/"]T9#X\=&0@;F]W#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@8FQO8VL[ M)SXF(S$V,#L\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[ M(&1IF4] M,T0Q('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`T,"4[(&-O M;&]R.B!B;&%C:SLG("\^/"]D:78^/&1I=CX\=&%B;&4@86QI9VX],T1C96YT M97(@8F]R9&5R/3-$,"!C96QL<&%D9&EN9STS1#`@8V5L;'-P86-I;F<],T0P M('-T>6QE/3-$)W=I9'1H.B`Q,#`E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\='(@=F%L:6=N/3-$=&]P/CQT M9"!S='EL93TS1"=W:61T:#H@,3AP=#LG/B8C,38P.SPO=&0^/'1D('-T>6QE M/3-$)W=I9'1H.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N=#H@ M,'!T.R!F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F M=#H@,'!T.R!F;VYT+7-I>F4Z(#'0M M=&]P.R!M87)G:6XM&EM871E;'D@)#$Y+CD@;6EL;&EO;B!A;F0@)#(T+C@@;6EL;&EO;B!A M6QE/3-$)W=I9'1H.B`Q,#`E.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\='(@=F%L:6=N/3-$=&]P M/CQT9"!S='EL93TS1"=W:61T:#H@,3AP=#LG/B8C,38P.SPO=&0^/'1D('-T M>6QE/3-$)W=I9'1H.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N M=#H@,'!T.R!F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#'0M=&]P.R!M87)G:6XM3H@8FQO8VL[)SX\8G(@+SX\ M+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C M:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z M(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM2!O9B!T M:&4@1G5N9"=S(&EN=F5S=&UE;G0@:6X@;&5A3L@=&5X="UI;F1E;G0Z(#,V<'0[(&1I M#L@=VED=&@Z(#4V M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY M.B!T:6UE'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R!M87)G:6XM6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('!A9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R M/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@ M=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXY-2PV.#(\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@,24[(&1I6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED M=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXQ-C(L-30X/"]T9#X\=&0@;F]W6QE/3-$)W!A M9&1I;F6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y M.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN M+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!S;VQI9#L@=&5X M="UA;&EG;CH@;&5F=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V M86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXR M,"PY-#,\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\ M=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D M:6YG+6)O='1O;3H@-'!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE M#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I M;F6QE/3-$)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T M=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H=#L@=VED M=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXQ.#DL,S0X/"]T9#X\=&0@;F]W3H@8FQO8VL[)SXF(S$V,#L\+V1I=CX\9&EV/CQD M:78@3H@5&EM97,@3F5W(%)O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA&-E<'0@9F]R(&-E M#L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,3=P>#L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/'1D(&-O;'-P86X] M,T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B M;&%C:R`R<'@@#LG/CQD:78@6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E#L@=VED=&@Z(#5P>#L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@ M8F]L9#LG/B8C,38P.SPO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,S%P>#L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E M:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/'1D(&-O;'-P86X],T0V('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@ M6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@ M,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G M:6XM6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F#L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O M='1O;3H@,G!X.R!W:61T:#H@,3=P>#L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG M/B8C,38P.SPO=&0^/'1D(&-O;'-P86X],T0R('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@#LG/CQD:78@F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^ M)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I M;F3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@ M=VED=&@Z(#$X,7!X.R<^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT M97([('1E>'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I M;F#L@=VED=&@Z(#,Q<'@[(&9O;G0M9F%M:6QY M.B!T:6UE'0M M:6YD96YT.B`P<'0[(&1I3H@=&EM M97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F#L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/'1D(&-O;'-P86X] M,T0R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B M;&%C:R`R<'@@6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1E3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!T:6UE#L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P M.SPO=&0^/"]T3H@=&EM97,@;F5W(')O M;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXV+#4Q,#PO M=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.2XQ-B4[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W=I9'1H M.B`U,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q M,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O M;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.2XQ-B4[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CPO='(^/'1R(&)G8V]L;W(] M,T0C8V-E969F/CQT9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.B`U,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@ M9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W=I M9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V M86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXH-2PT,S$\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^*3PO=&0^/'1D('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#H@,2XW,B4[(&1I6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXI/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXI/"]T9#X\+W1R/CQT3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&UA'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O M"!S;VQI9#L@=&5X="UA;&EG;CH@'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S M;VQI9#L@=&5X="UA;&EG;CH@'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG M;CH@6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('!A9&1I;F3H@8FQO8VL[ M(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE M/3-$)V)O"!D;W5B;&4[('1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`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`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@ M:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T M:6UE'0M9&5C;W)A=&EO;CH@=6YD M97)L:6YE.R<^06QL;W=A;F-E(&9O6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI M9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SX\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q M+C3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SX\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.2XQ-B4[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CPO='(^/'1R(&)G8V]L;W(],T1W:&ET93X\=&0@86QI M9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-3(E M.R<^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!L969T.R!T97AT+6EN9&5N M=#H@+3EP=#L@9&ES<&QA>3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^ M/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H M=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXS+#4X,"8C,38P.SPO=&0^/'1D(&YO=W)A<#TS M1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.2XQ-B4[(&9O;G0M9F%M:6QY.B!T M:6UE6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY M.B!T:6UE'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$)V)O M"!S;VQI9#L@=&5X="UA;&EG;CH@;&5F M=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXW.3$\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`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`Q+C`U)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO M=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M M.B!B;&%C:R`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`U,B4[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q+C3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`],T1N;W=R M87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SX\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)B,Q-C`[/"]T9#X\+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^ M/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H M=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXQ.2PY,#(F(S$V,#L\+W1D/CQT9"!N;W=R87`] M,T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T M:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DN,38E.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXR-2PQ M-SDF(S$V,#L\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)B,Q-C`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`],T1N;W=R87`@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$ M)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@ M;&5F=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ.3@L-C0P M/"]T9#X\=&0@;F]W#L@=VED=&@Z(#4R)3LG/CQD:78@3H@=&EM97,@;F5W(')O;6%N.R!M M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$)V)O M"!D;W5B;&4[('1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`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`P M<'0[(&1I3H@5&EM97,@3F5W(%)O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R!M87)G:6XM3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES M<&QA>3H@8FQO8VL[(&UA3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D M:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@ M;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XMF5D(&1E9F5RF5D(&]V97(@=&AE('1E3H@8FQO M8VL[(&9O;G0M9F%M:6QY.B!4:6UE'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q."4[ M(&1I6QE/3-$)W=I9'1H.B`Q,"4[(&1I6QE/3-$)W=I9'1H.B`Q,"4[(&1I'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G M:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R!M87)G:6XM#L@=VED=&@Z M(#,V)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D(&-O;'-P86X],T0X('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1E3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E M.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ M(&-E;G1E3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT M.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R/CQT6QE/3-$)W=I9'1H.B`S-B4[(&1I3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE M.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\+W1R/CQT6QE/3-$)W!A9&1I M;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F M=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M M87)G:6XM#L@=VED=&@Z M(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L M6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@6QE M/3-$)V1I#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@ M8V]L6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z M(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R M/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE'0M:6YD96YT.B`P<'0[ M(&1I3H@=&EM97,@;F5W(')O;6%N M.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$ M)W=I9'1H.B`Q,"4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E M3H@8FQO8VL[(&9O;G0M9F%M M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q M-C`[/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=W:61T:#H@,24[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXU-BPR M,#4\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\+W1R/CQT3H@=&EM97,@;F5W(')O;6%N M.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W=I9'1H.B`Q)3L@9&ES M<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)3PO=&0^/'1D(&%L:6=N/3-$;&5F="!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXR,2PX,C4\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE'0M:6YD96YT.B`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`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@3H@:6YL:6YE.R<^-SDL.#@Q/"]F;VYT M/CPO=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CPO='(^/'1R(&)G8V]L;W(],T1W M:&ET93X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F#L@=VED M=&@Z(#$X)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D(&%L:6=N/3-$;&5F="!V86QI M9VX],T1B;W1T;VT@#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)V)O"!D;W5B M;&4[('1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE6QE/3-$)V1I6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$ M)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!P861D:6YG+6)O='1O M;3H@-'!X.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W!A9&1I;F6QE/3-$)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B M;W)D97(M8F]T=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T97AT+6%L:6=N.B!R M:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I M;FQI;F4[)SXQ-3#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CPO='(^/"]T86)L93X\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M:6YD96YT M.B`P<'0[(&1I3H@ M8FQO8VL[(&UAF4],T0Q('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`T,"4[(&-O;&]R.B!B;&%C:SLG("\^/"]D M:78^/&1I=CX\=&%B;&4@86QI9VX],T1C96YT97(@8F]R9&5R/3-$,"!C96QL M<&%D9&EN9STS1#`@8V5L;'-P86-I;F<],T0P('-T>6QE/3-$)W=I9'1H.B`Q M,#`E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SX\='(@=F%L:6=N/3-$=&]P/CQT9"!S='EL93TS1"=W:61T:#H@ M,33H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\ M+V1I=CX\+W1D/CQT9"!S='EL93TS1"=W:61T:#H@,3AP=#LG/CQD:78@6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[(&9O;G0M9F%M:6QY.B!4:6UE2!S<&5C:69I8R!L96%S97,@86YD M(&QO86YS(&%N9"!R97-T6QE/3-$)W=I9'1H.B`Q-RXY-7!T.R<^/&1I M=B!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!4:6UE M6QE/3-$)W=I9'1H.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T97AT+6EN M9&5N=#H@,'!T.R!F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!M87)G M:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#'0M=&]P.R!M87)G:6XM3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&UAF%T:6]N(BD@:6X@=VAI8V@@&EM871E;'D@)#8N,B!M:6QL:6]N+B8C,38P.R8C,38P.T%S M(&$@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[ M(&1I3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE6QE.B!I=&%L:6,[(&1IF%T:6]N(BDL(&]N92!T:&%T(&UA='5R97,@ M;VX@3V-T;V)E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD M96YT.B`P<'0[(&1I6QE.B!I=&%L:6,[ M(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&UAF%T:6]N(&%N9"`R M,#$P+3,@5&5R;2!396-U&-E961E9"!T:&4@8W5M=6QA M=&EV92!N970@;&]S6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!4:6UEF%T:6]N+B8C,38P.R8C,38P.T%D9&ET:6]N86QL>2P@ M=&AE($9U;F0@:7,@;F]T+"!N;W(@:&%S(&)E96XL(&1E;&EN<75E;G0@;VX@ M86YY('!A>6UE;G1S(&]W960@=&\@=&AE(&YO=&5H;VQD97)S+CPO9&EV/CQD M:78@3H@8FQO8VL[(&UA6QE/3-$)V9O;G0M3H@:6YL M:6YE.R<^/&9O;G0@&-L=61I M;F<@)#,N.2!M:6QL:6]N(&]F)B,Q-C`[)B,Q-C`[F5D(&1IF%T:6]N6QE/3-$)W1E>'0M M86QI9VXZ(&-E;G1E6QE/3-$)W=I9'1H.B`X,"4[(&9O;G0M9F%M:6QY.B!T M:6UE3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE6QE/3-$)W=I9'1H.B`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`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXQ,2PP-S,\+W1D/CQT9"!N;W=R87`],T1N;W=R M87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&UA6QE/3-$ M)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXT+#`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`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`T M<'@@9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\ M9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[)SXY-"PR-38\+V9O;G0^ M/"]T9#X\=&0@;F]W3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/&1I=CX\9&EV('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G M:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E M>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ M(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE M.B`Q,'!T.R!M87)G:6XM3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F M=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA2X@5&AE($YO M=&5S('=E3L@=&5X="UI;F1E;G0Z(#!P=#L@ M9&ES<&QA>3H@8FQO8VL[(&UA3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!4:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P M;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R M9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM2!P87EM96YT M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S M-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2 M;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G M:6XM7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UAF%T:6]N(&EN($IA;G5A3H@8FQO8VL[ M)SX\8G(@+SX\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA M>3H@8FQO8VL[(&UA3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!4:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`S-G!T.R!D M:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@ M;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM&ET('!R:6-E*2X@ M52Y3+B!'04%0(&5S=&%B;&ES:&5S(&$@9F%I&EM:7IE('1H92!U2X\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@5&EM M97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+V1I=CX\+W1D/CQT M9"!S='EL93TS1"=W:61T:#H@,3AP=#LG/CQD:78@6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[(&9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M3H@:6YL:6YE.R<^3&5V96P@,3PO9F]N=#X@)B,X M,C$Q.R!1=6]T960@<')I8V5S(&EN(&%C=&EV92!M87)K971S(&9O2!T;R!A8V-E6QE/3-$)W=I9'1H.B`S,"XV<'0[)SX\9&EV('-T>6QE/3-$ M)V1I6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[ M(&9O;G0M9F%M:6QY.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SX\9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L:6,[(&1I M6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E M3H@8FQO8VL[(&UA6QE/3-$)W=I9'1H.B`Q,#`E.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SX\='(@=F%L:6=N/3-$=&]P/CQT9"!S='EL93TS1"=W:61T:#H@,S`N-G!T M.R<^/&1I=B!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY M.B!4:6UE6QE/3-$)W=I9'1H.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T M97AT+6EN9&5N=#H@,'!T.R!F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N M.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA2!A;F0@87)E(&-O M;G-E<75E;G1L>2!N;W0@8F%S960@;VX@;6%R:V5T(&%C=&EV:71Y+"!B=70@ M6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&UA6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P M;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R M9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`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`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@;F]W6QE/3-$)V)O"!S;VQI9#L@=VED M=&@Z(#,T)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W!A9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM M#L@=VED M=&@Z(#,P)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,24[(&9O;G0M M9F%M:6QY.B!T:6UE6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@ M6EN9R!686QU M93PO9&EV/CPO=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T M;VT@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE M#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^ M)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I M;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY M.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A M9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R!M87)G:6XM6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM M;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXY,"PT,#4\+W1D M/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA M>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I M9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.B`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`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\ M+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R M87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE M.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CPO='(^/"]T86)L93X\+V1I=CX\9&EV('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&9O;G0M9F%M M:6QY.B!4:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P M<'0[(&1I3H@5&EM97,@3F5W(%)O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D M,3'0O:'1M;#L@8VAA'0^ M/&1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`P<'0[(&1I3H@5&EM M97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E M>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N M.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA7,@=&AE($=E;F5R86P@4&%R=&YE6QE/3-$)W1E>'0M M86QI9VXZ(&-E;G1E3H@8FQO M8VL[(&UA#L@=VED=&@Z(#,R)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM M#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q M-C`[/"]T9#X\=&0@8V]L6QE/3-$)W1E>'0M86QI9VXZ M(&-E;G1E3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\+W1R/CQT6QE/3-$)W!A9&1I M;F#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD M:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD M:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD M:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD M:78@6QE/3-$)W=I9'1H.B`S,B4[)SX\9&EV('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P M;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R M9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@ M:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N M.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXY.3,\+W1D/CQT9"!N;W=R87`],T1N M;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W=I9'1H.B`S,B4[ M)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT M.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI M9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!S>6UB;VPL('-E MF4Z(#$P<'0[)SXM/"]T9#X\=&0@;F]W6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.24[(&9O;G0M9F%M:6QY.B!S>6UB;VPL('-EF4Z(#$P M<'0[)SXM/"]T9#X\=&0@;F]W6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!S M>6UB;VPL('-EF4Z(#$P<'0[)SXM/"]T9#X\=&0@;F]W M6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&UA3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/&1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD M96YT.B`P<'0[(&1I3H@5&EM97,@ M3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM3L@=&5X="UI;F1E M;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT M.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE M=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M M87)G:6XM3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA3H@8FQO8VL[(&9O;G0M9F%M M:6QY.B!4:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF M86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N M="US:7IE.B`Q,'!T.R!M87)G:6XM2!,14%&(%)E8V5I=F%B;&5S($9U;F1I;F<@-"P@3$Q#+B!4:&4@8V]N2!O=VYE9"!S=6)S:61I87)I M97,@3$5!1B!#87!I=&%L($9U;F1I;F<@24E)+"!,3$,@86YD($Q%048@4F5C M96EV86)L97,@1G5N9&EN9R!)22P@3$Q#+B!4:&4@1G5N9"!M86EN=&%I;G,@ M82`Y."4L(&%N9"`Y-B4@;W=N97)S:&EP(&EN=&5R97-T(&EN($Q%048@1G5N M9',@2E8R(&%N9"!,14%&($9U;F1S($I6,2P@6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!4 M:6UE2!A8V-E<'1E9"!A8V-O M=6YT:6YG('!R:6YC:7!L97,@*")5+E,N($=!05`B*2!H879E(&)E96X@8V]N M9&5N6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&9O;G0M9F%M M:6QY.B!4:6UE'0^/&1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E M>'0M:6YD96YT.B`P<'0[(&1I3H@ M5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z M(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI M9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@5&EM M97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P M<'0[(&UA'0^/&1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R M9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\8G(@+SX\9F]N M="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!4:6UE M3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!4:6UE3H@8FQO M8VL[(&9O;G0M9F%M:6QY.B!4:6UE6QE.B!I=&%L:6,[(&1I2!T:&4@969F96-T M:79E(&EN=&5R97-T(&UE=&AO9"P@6UE;G1S M('!L=7,@=&AE(&5S=&EM871E9"!U;F=U87)A;G1E960@3H@5&EM97,@3F5W(%)O;6%N.R!M M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA2!W:71H(')E9V%R9"!T;R!T M:&4@2!T;R!D971E6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y.B!B;&]C:SL@ M9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P M=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)V9O;G0M3H@:6YL:6YE M.R<^3W!E65A6UE;G1S(&1U92!U;F1E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P M<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@ M,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6EN9R!A;6]U;G0@;V8@ M=&AE(&]P97)A=&EN9R!L96%S97,@;6%Y(&YO="!B92!R96-O=F5R86)L92XF M(S$V,#LF(S$V,#M4:&4@1G5N9"!W&-E2!R96-O9VYI M>F5D('5P;VX@86-T=6%L('-A;&4@;V8@=&AE(')E;G1A;"!E<75I<&UE;G0N M/"]D:78^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!L969T.R!T97AT+6EN M9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@ M;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX\9&EV('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D:7-P;&%Y M.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN M+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)V9O;G0M3H@:6YL:6YE.R<^3&]A;G,N/"]F;VYT/B!&;W(@=&5R;2!L;V%NF5D(&%S(')E=F5N=64@ M;W9E&-E'1E;G0@ M=&AA="!S=6-H(&%M;W5N=',@87)E(&5X<&5C=&5D('1O(&)E(&-O;&QE8W1E M9"X\+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M M:6YD96YT.B`P<'0[(&1I3H@5&EM97,@3F5W(%)O;6%N.R!M87)G M:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA'!E2!S=&%G97,@=&\@=6QT:6UA=&4@ M8VAA3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@ M,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA&ES=',@9F]R(&$@<&5R:6]D(&]F M(#DP(&1A>7,@;W(@;6]R92X@1V5N97)A;&QY+"!I;F-O;64@6UE;G1S(&%R92!R96-O9VYI>F5D('=H96X@7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@ M,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W=I9'1H.B`Q,"4[)SX\9&EV('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I M9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I M9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W=I9'1H.B`Q,"4[)SX\9&EV('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#4V)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P M861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T M:6UE'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I M;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I M;F3H@=&EM M97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P M<'0[(&UA6QE/3-$ M)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.B`U-B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@ M9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ,S`L-S@X/"]T9#X\=&0@;F]W M3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F M=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`U-B4[(&1I6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I M9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.B`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`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`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`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@8FQO8VL[)SX\:'(@;F]S:&%D93TS1&YO6QE M/3-$)W=I9'1H.B`Q,2XU<'0[)SX\9&EV('-T>6QE/3-$)V1I6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&9O;G0M9F%M:6QY M.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N.R!F M;VYT+7-I>F4Z(#'0M=&]P.R<^5&AE M($9U;F0G3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@ M5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+V1I=CX\+W1D M/CQT9"!S='EL93TS1"=W:61T:#H@,C=P=#LG/CQD:78@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[(&9O;G0M M9F%M:6QY.B!4:6UE3H@8FQO8VL[ M(&9O;G0M9F%M:6QY.B!4:6UE3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^ M)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W=I9'1H.B`R,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&-E;G1E3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q M)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q M-C`[/"]T9#X\=&0@8V]L6QE M/3-$)W=I9'1H.B`R,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1E3H@8FQO8VL[(&9O;G0M M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#0R)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^ M/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@ M,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE'0M:6YD96YT M.B`P<'0[(&1I3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M:6YD96YT M.B`P<'0[(&1I3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;FF4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD M:78@#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[ M/"]T9#X\=&0@8V]L6QE/3-$ M)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG M/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\+W1R/CQT6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T M97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXS,BPR,C$\+W1D/CQT M9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@ M:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\ M=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT M+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ-#4L,#,X/"]T9#X\=&0@ M;F]W6QE/3-$)W=I9'1H.B`T,B4[)SX\9&EV('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B M;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE M9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXI/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#H@,24[(&1I6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXI/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q M)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXH,3$L.#$W/"]T9#X\=&0@;F]W6QE/3-$ M)W=I9'1H.B`T,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXR+#3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!A;&EG;CTS1&QE M9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA M>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE M6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I M9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!S>6UB;VPL('-EF4Z(#$P<'0[)SXM/"]T9#X\=&0@;F]W6QE/3-$)W!A M9&1I;F6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y M.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN M+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W!A9&1I;F6QE/3-$ M)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@ M;&5F=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\9F]N="!S='EL M93TS1"=D:7-P;&%Y.B!I;FQI;F4[)SXH,S`X/"]F;VYT/CPO=&0^/'1D(&YO M=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@#L@=VED=&@Z(#$E.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXI/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M M:6QY.B!T:6UE'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`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`Q,'!T.R<^ M)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D M:6YG+6)O='1O;3H@-'!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE M3H@:6YL:6YE.R<^ M,S(L.#`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`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D M97(M8F]T=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T97AT+6%L:6=N.B!R:6=H M=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI M;F4[)SXU-BPV-30\+V9O;G0^/"]T9#X\=&0@;F]W3H@:6YL:6YE.R<^,3,P+#6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&9O;G0M9F%M:6QY.B!4:6UE M3H@5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I M>F4Z(#'0M=&]P.R<^56YG=6%R86YT M965D(')E3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W=I9'1H.B`Q,"4[)SX\9&EV M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W=I9'1H.B`Q,"4[)SX\9&EV('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z M(#4V)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M M:6QY.B!T:6UE'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('!A9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('!A9&1I;F3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I M>F4Z(#$P<'0[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXS+#DX,#PO M=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT#L@=VED=&@Z(#4V)3LG/CQD:78@ M3H@=&EM97,@;F5W(')O;6%N M.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!S;VQI M9#L@=&5X="UA;&EG;CH@;&5F=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXH,RPT-3<\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@ M=&5X="UA;&EG;CH@#L@ M=VED=&@Z(#4V)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`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`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S M;VQI9#L@=VED=&@Z(#(R)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R/CQT6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@8V5N=&5R.R!W:61T:#H@-#(E.R<^ M/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT97([('1E>'0M:6YD96YT M.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!F M;VYT+7=E:6=H=#H@8F]L9#L@;6%R9VEN+7)I9VAT.B`P<'0[)SY!9V4@;V8@ M6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT M.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI M9#L@=VED=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)W1E M>'0M86QI9VXZ(&-E;G1E3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&UA3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R<^;#PO9F]N=#X\9F]N="!S='EL93TS1"=D M:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I M9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S M;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@6QE/3-$)W=I9'1H M.B`T,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q M,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ,3,L,#0S/"]T M9#X\=&0@;F]W3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXY-BXY/"]T M9#X\=&0@;F]W6QE/3-$)W=I9'1H.B`Q M)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@86QI M9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@,24[ M(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE M6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)3PO=&0^/"]T6QE/3-$)W=I9'1H.B`T,B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP M=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$ M)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE M3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R87`],T1N M;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.B`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`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\ M+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)B,Q-C`[/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#H@,24[(&1I6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[ M(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXE M/"]T9#X\+W1R/CQT3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&UA7,@*&(I/"]D:78^/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T M:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S M;VQI9#L@=&5X="UA;&EG;CH@6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S M;VQI9#L@=&5X="UA;&EG;CH@6QE/3-$)W!A9&1I;F6QE/3-$)V)O M"!S;VQI9#L@=&5X="UA;&EG;CH@;&5F M=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXR+#`T,SPO=&0^/'1D M(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W!A9&1I;F6QE/3-$)V)O M"!S;VQI9#L@=&5X="UA;&EG;CH@;&5F M=#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ+C$\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@-'!X.R!W:61T M:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!A;&EG;CTS1&QE9G0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE M/3-$)V)O"!D;W5B;&4[('1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)V)O"!D M;W5B;&4[('1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M M:6QY.B!T:6UE6QE/3-$)W!A9&1I;F6QE/3-$ M)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T M97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ.#DL,S0X/"]T9#X\ M=&0@;F]W#L@=VED=&@Z(#$E M.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B M;W1T;VT@6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@8FQO8VL[)SXF(S$V,#L\ M+V1I=CX\9&EV('-T>6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1IF4],T0Q('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`T,"4[(&-O;&]R.B!B;&%C M:SLG("\^/"]D:78^/&1I=CX\=&%B;&4@86QI9VX],T1C96YT97(@8F]R9&5R M/3-$,"!C96QL<&%D9&EN9STS1#`@8V5L;'-P86-I;F<],T0P('-T>6QE/3-$ M)W=I9'1H.B`Q,#`E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SX\='(@=F%L:6=N/3-$=&]P/CQT9"!S='EL93TS M1"=W:61T:#H@,3AP=#LG/B8C,38P.SPO=&0^/'1D('-T>6QE/3-$)W=I9'1H M.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N=#H@,'!T.R!F;VYT M+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#'0M=&]P.R!M87)G M:6XM&EM871E M;'D@)#$Y+CD@;6EL;&EO;B!A;F0@)#(T+C@@;6EL;&EO;B!A6QE M/3-$)W=I9'1H.B`Q,#`E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SX\='(@=F%L:6=N/3-$=&]P/CQT9"!S='EL M93TS1"=W:61T:#H@,3AP=#LG/B8C,38P.SPO=&0^/'1D('-T>6QE/3-$)W=I M9'1H.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N=#H@,'!T.R!F M;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@,'!T M.R!F;VYT+7-I>F4Z(#'0M=&]P.R!M M87)G:6XM'0^/&1I=CX\ M9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S M-G!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2 M;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G M:6XM2!O9B!T:&4@1G5N9"=S(&EN=F5S=&UE;G0@:6X@;&5A M3L@=&5X M="UI;F1E;G0Z(#,V<'0[(&1I#L@=VED=&@Z(#4V)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T M:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE'0M:6YD96YT.B`P<'0[(&1I M3H@=&EM97,@;F5W(')O;6%N.R!M M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT M.B!B;VQD.R!M87)G:6XM'0M:6YD M96YT.B`P<'0[(&1I3H@=&EM97,@ M;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F'0M:6YD M96YT.B`P<'0[(&1I3H@=&EM97,@ M;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[ M(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E M3H@8FQO8VL[(&9O;G0M9F%M M:6QY.B!T:6UE#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R<^)B,Q-C`[/"]T9#X\+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T M97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXY-2PV.#(\+W1D/CQT M9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@ M,24[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT M+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ-C(L-30X/"]T9#X\=&0@ M;F]W6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD M96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T M.R!M87)G:6XM6QE/3-$)W!A M9&1I;F6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@;&5F=#L@=VED=&@Z(#$E.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXR,"PY-#,\+W1D/CQT9"!N;W=R87`],T1N;W=R M87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('!A9&1I;F'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O M"!S;VQI9#L@=&5X="UA;&EG;CH@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L@/"]T9#X\=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O M='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@-'!X.R!W:61T:#H@,24[ M(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W!A9&1I;F6QE/3-$)V)O M"!D;W5B;&4[('1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`T<'@@9&]U8FQE.R!T97AT M+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ.#DL,S0X/"]T9#X\=&0@ M;F]W3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F=#H@ M,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA&-E<'0@9F]R(&-E3H@8FQO8VL[ M(&UA#L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q M-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG M+6)O='1O;3H@,G!X.R!W:61T:#H@,3=P>#L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L M9#LG/B8C,38P.SPO=&0^/'1D(&-O;'-P86X],T0V('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@#LG/CQD:78@6QE M/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@ M=VED=&@Z(#5P>#L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^ M/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@ M,G!X.R!W:61T:#H@,S%P>#L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P M.SPO=&0^/'1D(&-O;'-P86X],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@6QE M/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE'0M M:6YD96YT.B`P<'0[(&1I3H@=&EM M97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I M;F#L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=P861D:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@ M,3=P>#L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/'1D(&-O M;'-P86X],T0R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M8F]T M=&]M.B!B;&%C:R`R<'@@#LG/CQD:78@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\ M=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@=VED=&@Z(#$X,7!X.R<^/&1I M=B!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT97([('1E>'0M:6YD96YT.B`P M<'0[(&1I3H@=&EM97,@;F5W(')O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F#L@=VED=&@Z(#,Q<'@[(&9O;G0M9F%M:6QY.B!T:6UE'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G M:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F#L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L M9#LG/B8C,38P.SPO=&0^/'1D(&-O;'-P86X],T0R('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/"]T3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@ M.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA6QE/3-$)W=I9'1H M.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T M:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO M=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R M:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXV+#4Q,#PO=&0^/'1D(&YO=W)A<#TS1&YO M=W)A<"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V M86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.2XQ-B4[(&9O;G0M9F%M:6QY M.B!T:6UE6QE/3-$)W=I9'1H.B`U,B4[)SX\9&EV('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P M;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R M9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N M="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^ M)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I M9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T M:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.2XQ-B4[(&9O M;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CPO='(^/'1R(&)G8V]L;W(],T0C8V-E969F/CQT9"!A;&EG M;CTS1&QE9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`U,B4[ M)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT M.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M M87)G:6XM6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@ M:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXH-2PT,S$\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^*3PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#H@,2XW,B4[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXI/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES M<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T M;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@#L@=VED=&@Z(#4R)3LG M/CQD:78@3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@.7!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA M'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@ M=&5X="UA;&EG;CH@'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@ M'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE M6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$ M)W!A9&1I;F6QE/3-$)V)O"!D;W5B;&4[('1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B M;W)D97(M8F]T=&]M.B!B;&%C:R`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`],T1N;W=R87`@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\ M+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\ M+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE'0M9&5C;W)A=&EO;CH@=6YD97)L:6YE.R<^06QL;W=A;F-E M(&9O6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+W1D/CQT9"!N;W=R M87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q+C3H@:6YL M:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+W1D/CQT9"!V M86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.2XQ-B4[(&9O;G0M9F%M:6QY M.B!T:6UE3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXS M+#4X,"8C,38P.SPO=&0^/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B M;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL M:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W M:61T:#H@.2XQ-B4[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N M="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)V)O"!S;VQI M9#L@=&5X="UA;&EG;CH@'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG M;CH@6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('!A9&1I;F6QE/3-$)W!A9&1I;F6QE/3-$)V)O"!S;VQI9#L@=&5X="UA;&EG;CH@;&5F=#L@=VED=&@Z(#$E.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXW.3$\+W1D/CQT9"!N;W=R87`],T1N;W=R87`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`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O M='1O;2!S='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`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`U,B4[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q+C`U)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE M3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R87`] M,T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q+C3H@:6YL:6YE M.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q M-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q M)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX] M,T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SX\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T M:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SX\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT M3H@ M8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q+C`U)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXQ M.2PY,#(F(S$V,#L\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V M86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF M86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO M=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R M:6=H=#L@=VED=&@Z(#DN,38E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXR-2PQ-SDF(S$V,#L\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE M=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`],T1N;W=R87`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`Q+C`U)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=B;W)D97(M M8F]T=&]M.B!B;&%C:R`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`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N M="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@;6%R9VEN+6QE9G0Z(#!P=#L@ M9F]N="US:7IE.B`Q,'!T.R!M87)G:6XMF4Z(#$P<'0[)SX\ M='(^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@,S8E.R!D M:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!C M;VQS<&%N/3-$,B!V86QI9VX],T1B;W1T;VT@3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R87`] M,T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F M;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[ M)SXF(S$V,#L\+W1D/CQT9"!C;VQS<&%N/3-$,B!V86QI9VX],T1B;W1T;VT@ M3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V M,#L\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@ M9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[ M/"]T9#X\=&0@8V]L6QE/3-$ M)W=I9'1H.B`Q,"4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E M3H@8FQO8VL[(&9O;G0M9F%M M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA M;CL@9F]N="US:7IE.B`Q,'!T.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P M.SPO=&0^/"]TF4Z(#$P<'0[)SXF(S$V,#L@/"]T M9#X\=&0@8V]L6QE/3-$)V)O M"!S;VQI9#L@=VED=&@Z(#0Q)3LG/CQD M:78@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;F#L@=VED=&@Z(#$P)3LG M/CQD:78@3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q."4[(&1I'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM M;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R!M87)G:6XM6QE/3-$)W=I9'1H.B`Q,"4[)SX\9&EV M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+7=E:6=H=#H@8F]L9#LG/B8C,38P.SPO=&0^/'1D('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#H@,24[(&1I'0M:6YD96YT.B`P M<'0[(&1I3H@=&EM97,@;F5W(')O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R!M87)G:6XM#L@=VED M=&@Z(#,V)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=B;W)D97(M8F]T=&]M.B!B;&%C:R`R<'@@6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM3H@:6YL:6YE M.R!F;VYT+7-I>F4Z(#'0M=&]P.R<^ M*#$I("@R*3PO9F]N=#X\+V1I=CX\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A M9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I M9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S M;VQI9#L@=VED=&@Z(#$P)3LG/CQD:78@6QE/3-$ M)W=I9'1H.B`S-B4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XMF%T:6]N/"]D:78^/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.B`Q."4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ M(&-E;G1E3H@8FQO8VL[(&9O M;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXS-"PP M.38\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[ M/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@ M9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!C;VQS<&%N/3-$ M,B!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!A;&EG;CTS M1&QE9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`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`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F M=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXQ,"PU-#4\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXE/"]T9#X\ M=&0@86QI9VX],T1L969T('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#H@,24[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY M.B!T:6UE3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CPO='(^/'1R(&)G8V]L;W(],T0C8V-E969F/CQT9"!A;&EG;CTS1&QE9G0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XMF%T:6]N/"]D:78^/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S M(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`Q M,'!T.R<^)B,Q-C`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`Q-RXY-7!T.R<^/&1I=B!S='EL M93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!4:6UE6QE M/3-$)W=I9'1H.B`Q.'!T.R<^/&1I=B!S='EL93TS1"=T97AT+6EN9&5N=#H@ M,'!T.R!F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM;&5F M=#H@,'!T.R!F;VYT+7-I>F4Z(#'0M M=&]P.R!M87)G:6XMF5D(&)Y('-P96-I9FEC(&QE87-EF%T:6]N6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&9O;G0M9F%M M:6QY.B!4:6UE3H@5&EM97,@3F5W(%)O;6%N M.R!F;VYT+7-I>F4Z(#'0M=&]P.R<^ M5&AE(&]U='-T86YD:6YG(&)A;&%N8V5S(&%R92!PF5D(&]R:6=I;F%L(&ES2X\+V1I M=CX\+W1D/CPO='(^/"]T86)L93X\+V1I=CX\+V1I=CX\'0^/&1I=CX\9&EV M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P M<'0[(&1I3H@5&EM97,@3F5W(%)O M;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&UA'0@9FEV92!A;FYU86P@<&5R:6]D6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)W=I9'1H.B`V."4[)SX\9&EV('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D M:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W=I9'1H.B`V."4[)SX\9&EV('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C M:SL@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z M(#EP=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@ M.24[(&9O;G0M9F%M:6QY.B!T:6UE3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[)SXF(S$V,#L\+W1D/CPO='(^/'1R(&)G8V]L;W(],T0C8V-E969F/CQT M9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`V."4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US:7IE.B`Q M,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`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`V."4[)SX\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I M9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US M:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M M:6QY.B!T:6UE6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`M.7!T.R!D:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI M;'DZ('1I;65S(&YE=R!R;VUA;CL@;6%R9VEN+6QE9G0Z(#EP=#L@9F]N="US M:7IE.B`Q,'!T.R!M87)G:6XM#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@'0M86QI9VXZ(')I9VAT.R!W:61T M:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)V1I#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CPO='(^/'1R(&)G M8V]L;W(],T0C8V-E969F/CQT9"!V86QI9VX],T1B;W1T;VT@#L@=VED=&@Z(#8X)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`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`Q,'!T.R<^ M)B,Q-C`[(#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=P861D M:6YG+6)O='1O;3H@,G!X.R!W:61T:#H@,24[(&9O;G0M9F%M:6QY.B!T:6UE MF4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F6QE/3-$)W!A M9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@ M8V]L6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M M86QI9VXZ(&-E;G1E3H@8FQO M8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E>'0M M86QI9VXZ(&QE9G0[('!A9&1I;F3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W!A9&1I;F'0M:6YD96YT M.B`P<'0[(&1I3H@=&EM97,@;F5W M(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@=VED M=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI9#L@ M=VED=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT M.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE/3-$)V)O"!S;VQI M9#L@=VED=&@Z(#$P)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I M9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@8V]L6QE M/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@ M=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\ M+W1R/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE M/3-$)W=I9'1H.B`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`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)#PO=&0^/'1D('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T M97AT+6%L:6=N.B!R:6=H=#L@=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXM/"]T9#X\=&0@;F]W M6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I M;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@=VED M=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SXX-RPS.#4\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\+W1R/CQT3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q M)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q M,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT M9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@ M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@ M9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T M.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E M>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M:6QY.B!T:6UE M3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!N;W=R87`],T1N M;W=R87`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@ M9F]N="US:7IE.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF M(S$V,#L\+W1D/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D/CQT9"!V86QI M9VX],T1B;W1T;VT@7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/&1I=CX\9&EV('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`S-G!T.R!D M:7-P;&%Y.B!B;&]C:SL@9F]N="UF86UI;'DZ(%1I;65S($YE=R!2;VUA;CL@ M;6%R9VEN+6QE9G0Z(#!P=#L@9F]N="US:7IE.B`Q,'!T.R!M87)G:6XM2!T:&4@1V5N97)A;"!087)T M;F5R(&]R(&ET3H@8FQO8VL[(&UA'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)W=I M9'1H.B`X,"4[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$ M)W!A9&1I;F6QE/3-$)V)O"!S M;VQI9#L@=VED=&@Z(#(R)3LG/CQD:78@#L@=VED=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T M9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F'0M:6YD96YT.B`P<'0[(&1I3H@=&EM97,@;F5W(')O;6%N.R!M87)G:6XM;&5F=#H@,'!T.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R!M87)G:6XM6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('!A9&1I;FF4Z(#$P<'0[)SXF(S$V,#L@/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\=&0@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE#L@=VED M=&@Z(#$E.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^)B,Q-C`[/"]T9#X\+W1R M/CQT3H@8FQO8VL[(&9O;G0M9F%M:6QY.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ M('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE.B`Q,'!T.R<^)#PO=&0^/'1D M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=T97AT+6%L:6=N.B!R:6=H=#L@ M=VED=&@Z(#DE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SXR-S,\+W1D/CQT9"!N;W=R87`],T1N;W=R87`@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('=I9'1H M.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R;VUA;CL@9F]N="US:7IE M.B`Q,'!T.R<^)B,Q-C`[/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.B`Q)3L@9&ES<&QA>3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SXD/"]T9#X\=&0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT.R!W:61T:#H@.24[(&9O;G0M9F%M M:6QY.B!T:6UE3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SXF(S$V,#L\+W1D M/CQT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('=I9'1H.B`Q)3L@9F]N="UF86UI;'DZ('1I;65S(&YE=R!R M;VUA;CL@9F]N="US:7IE.B`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`@("`\=&%B;&4@8VQA'0^.2!Y M96%R'!E8W1E9"!R96EN=F5S=&UE M;G0@<&5R:6]D/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#XU('EE M87)S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'!E8W1E9"!S=6)S97%U96YT(&QI<75I9&%T:6]N('!E'0^,B!Y96%R'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^-R!Y96%R2!P87EM96YT/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$=&5X=#X\'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D M>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S&EM=6T\+W1D M/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S6UE;G1S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XY,2PR M,#,\2!D97!O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'1E;G-I;VYS(&]R(&1I2!R86YG92!F7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S2!E=F%L=6%T960@9F]R(&EM<&%I2!E=F%L=6%T960@9F]R(&EM<&%I'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S&EM871E;'D@)#$Y+CD@;6EL;&EO;B!A;F0@ M)#(T+C@@;6EL;&EO;B!A2!E=F%L=6%T960@9F]R(&EM<&%I'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#0L M,C`P+#`P,#QS<&%N/CPO3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$F5D M(&]R:6=I;F%L(&ES6UE;G1S(&]V97(@ M=&AE(&YE>'0@9FEV92!A;FYU86P@<&5R:6]D'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$2!D871E+"!L;W=E'0^1&5C(#,Q+`T*"0DR,#$X/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$2!D871E+"!U<'!E'0^1&5C(#,Q+`T*"0DR,#(S M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!D871E M+"!L;W=E'0^ M3V-T(#(S+`T*"0DR,#$V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$2!D871E+"!U<'!E'0^4V5P(#(S+`T*"0DR,#$X/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!D871E+"!L M;W=E'0^2G5N M(#(P+`T*"0DR,#$V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!D871E+"!U<'!E'0^1F5B(#(P+`T*"0DR,#(R/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$F5D(&)Y('-P96-I9FEC(&QE87-EF%T:6]N M3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3'0O M:'1M;#L@8VAA2!);F9O6%B;&4\+W1D M/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D M,3'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\T,V,Y,&8V,E]D,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^4'5R'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M6]U="!L96%S97,@*&EN(&AU;F1R961T:',I/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR+C`P)3QS<&%N/CPO'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^-2!Y96%R3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\T,V,Y,&8V,E]D,3&UL#0I#;VYT96YT+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I M;G1A8FQE#0I#;VYT96YT+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U XML 17 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUBORDINATED NOTES PAYABLE (Details) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Entity Information [Line Items]    
Subordinated notes payable $ 9,355,000 $ 9,355,000
Interest rate (in hundredths) 8.25%  
Commercial finance assets 112,254,000 184,938,000
Pledged as collateral on the 2011-1 Term Securitization 34,100,000  
LEAF Commercial Finance Fund, LLC [Member]
   
Entity Information [Line Items]    
Commercial finance assets $ 50,100,000  
XML 18 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEBT (Details) (USD $)
9 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Debt Instrument [Line Items]    
Long-term debt $ 90,405,000 [1],[2] $ 157,911,000
Leases and loan pledged as collateral 94,000,000  
Restricted cash pledged as collateral 10,600,000  
Net unamortized original issue discount 3,900,000 7,000,000
Debt repayments over the next five annual periods [Abstract]    
September 30, 2013 45,342,000  
September 30, 2014 26,254,000  
September 30, 2015 11,073,000  
September 30, 2016 5,762,000  
September 30, 2017 4,097,000  
Thereafter 1,728,000  
Total 94,256,000  
Term Securitization 2011-1 [Member]
   
Debt Instrument [Line Items]    
Long-term debt 34,096,000 [1],[2] 56,205,000
Interest rate, minimum (in hundredths) 1.70%  
Interest rate, maximum (in hundredths) 5.50%  
Net unamortized original issue discount 6,200,000  
Number of classes of asset-backed notes 6  
Maturity date, lower range Dec. 31, 2018  
Maturity date, upper range Dec. 31, 2023  
Asset-backed notes face amount 96,000,000  
Gain on extinguishment of debt 13,700,000  
Term Securitization 2010-1 [Member]
   
Debt Instrument [Line Items]    
Long-term debt 10,545,000 [1],[2] 21,825,000
Interest rate (in hundredths) 5.00%  
Net unamortized original issue discount 6,500,000  
Number of classes of asset-backed notes 3  
Number of classes of asset-backed notes, lower range 1  
Number of classes of asset-backed notes, upper range 2  
Maturity date, lower range Oct. 23, 2016  
Maturity date, upper range Sep. 23, 2018  
Asset-backed notes face amount 92,700,000  
Term Securitization 2010-3 [Member]
   
Debt Instrument [Line Items]    
Long-term debt 45,764,000 [1],[2] 79,881,000
Interest rate, minimum (in hundredths) 3.50%  
Interest rate, maximum (in hundredths) 5.50%  
Net unamortized original issue discount 3,700,000  
Number of classes of asset-backed notes 5  
Number of classes of asset-backed notes, lower range 1  
Number of classes of asset-backed notes, upper range 4  
Maturity date, lower range Jun. 20, 2016  
Maturity date, upper range Feb. 20, 2022  
Asset-backed notes face amount $ 171,400,000  
[1] The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively.
[2] These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund's term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.
XML 19 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
DERIVATIVE INSTRUMENTS (Details) (USD $)
9 Months Ended
Sep. 30, 2011
DERIVATIVE INSTRUMENTS [Abstract]  
Mark to market losses on derivative liabilities $ 126,000
XML 20 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE MEASUREMENT (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Carrying Value [Member]
 
Fair value of financial instruments for which it is practicable to estimate that value [Abstract]  
Debt $ 90,405
Level 1 [Member]
 
Fair value of financial instruments for which it is practicable to estimate that value [Abstract]  
Debt 0
Level 2 [Member]
 
Fair value of financial instruments for which it is practicable to estimate that value [Abstract]  
Debt 87,385
Level 3 [Member]
 
Fair value of financial instruments for which it is practicable to estimate that value [Abstract]  
Debt 0
Fair Value [Member]
 
Fair value of financial instruments for which it is practicable to estimate that value [Abstract]  
Debt $ 87,385
XML 21 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT IN LEASES AND LOANS
9 Months Ended
Sep. 30, 2012
INVESTMENT IN LEASES AND LOANS [Abstract]  
INVESTMENT IN LEASES AND LOANS
NOTE 3 – INVESTMENT IN LEASES AND LOANS
 
The Fund's investment in leases and loans, net, consists of the following (in thousands):
 
   
September 30,
  
December 31,
 
   
2012
  
2011
 
Direct financing leases (1)
 $32,801  $56,654 
Loans (2)
  83,301   130,788 
Operating leases
  523   1,645 
Future payment card receivables
  -   261 
    116,625   189,348 
Allowance for credit losses
  (4,371)  (4,410)
   $112,254  $184,938 
 

(1)
The Fund's direct financing leases are for initial lease terms generally ranging from 24 to 120 months.
(2)
The interest rates on loans generally range from 7% to 16%.

The components of direct financing leases and loans, net, are as follows (in thousands):

   
September 30,
  
December 31,
 
   
2012
  
2011
 
   
Leases
  
Loans
  
Leases
  
Loans
 
Total future minimum lease payments
 $32,221  $91,203  $58,450  $145,038 
Unearned income
  (1,851)  (6,424)  (4,215)  (11,817)
Residuals, net of unearned residual income (1)
  2,739   -   3,256   - 
Security deposits
  (308)  (1,478)  (837)  (2,433)
   $32,801  $83,301  $56,654  $130,788 


(1)
Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment.
 
The Fund's investment in operating leases, net, consists of the following (in thousands):
 
   
September 30,
  
December 31,
 
   
2012
  
2011
 
Equipment
 $3,980  $6,998 
Accumulated depreciation
  (3,457)  (5,353)
   $523  $1,645 
 
XML 22 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Details) (USD $)
3 Months Ended 9 Months Ended 56 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES [Abstract]          
Administrative expenses $ 273,000 $ 609,000 $ 993,000 $ 1,983,000  
Management fees 0 0 0 0  
Management fee description     Pursuant to the Partnership Agreement, the General Partner is entitled to receive a subordinated annual asset management fee equal to 4% of gross rental payments for operating leases or 2% for full payout leases or a competitive fee, whichever is less. During the Fund's five-year investment period, the management fees will be subordinated to the payment to the Fund's limited partners of a cumulative annual distribution of 8.5% of their capital contributions, as adjusted by distributions deemed to be a return of capital.    
Management fee rate based on gross rental payments (in hundredths) 4.00%   4.00%   4.00%
Management fee rate based on full payout leases (in hundredths) 2.00%   2.00%   2.00%
Fund's investment period     5 years    
Percentage of cumulative annual return on the limited partners capital contributions (in hundredths) 8.50%   8.50%   8.50%
Management fees waived     $ 1,400,000   $ 6,100,000
XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 214 $ 405
Restricted cash 12,319 19,202
Investment in leases and loans, net 112,254 184,938
Deferred financing costs, net 1,571 2,629
Other assets 88 217
Total assets 126,446 207,391
Liabilities:    
Debt 90,405 157,911
Accounts payable, accrued expenses and other liabilities 1,050 1,143
Due to affiliates 1,436 190
Subordinated notes payable 9,355 9,355
Total liabilities 102,246 168,599
Commitments and contingencies (note 11)      
Partners' (Deficit) Capital:    
General partner (860) (716)
Limited partners 24,732 39,027
Total partners' capital 23,872 38,311
Noncontrolling interest 328 481
Total capital 24,200 38,792
Total liabilities and capital $ 126,446 $ 207,391
XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
ORGANIZATION AND NATURE OF BUSINESS
9 Months Ended
Sep. 30, 2012
ORGANIZATION AND NATURE OF BUSINESS [Abstract]  
ORGANIZATION AND NATURE OF BUSINESS
NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS
 
LEAF Equipment Finance Fund 4, L.P. ("LEAF 4" or the "Fund"), a Delaware limited partnership, was formed on January 25, 2008 by its general partner, LEAF Asset Management, LLC (the "General Partner"), which manages the Fund. The General Partner is a Delaware limited liability company and a subsidiary of Resource America, Inc. ("RAI"). RAI is a publicly traded company (NASDAQ: REXI) that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its commercial finance, real estate and financial fund management segments. Through its offering termination date of October 30, 2009, the Fund raised $125.7 million by selling 1.2 million of its limited partner units. It commenced operations in September 2008.
 
The Fund is expected to have a minimum of a nine-year life, consisting of an offering period of up to two years, a five-year reinvestment period and a subsequent maturity period of two years, during which the Fund's leases and secured loans will either mature or be sold. In the event the Fund is unable to sell its leases and loans during the maturity period, the Fund expects to continue to return capital to its partners as those leases and loans mature. All of the Fund's leases and loans mature by the end of 2032. The Fund expects to enter its maturity period beginning in October 2014. Contractually, the Fund will terminate on December 31, 2032, unless sooner dissolved or terminated as provided in the Limited Partnership Agreement (the "Partnership Agreement").
 
The Fund acquires diversified portfolios of equipment to finance to end users throughout the United States as well as the District of Columbia and Puerto Rico. The Fund also acquires existing portfolios of equipment subject to existing financings from other equipment finance companies, primarily an affiliate of its General Partner. The primary objective of the Fund is to generate regular cash distributions to its partners from its equipment finance portfolio over the life of the Fund.
 
In addition to its 1% general partnership interest, the General Partner has also invested $1.0 million for a 0.85% limited partnership interest in the Fund.
XML 25 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Tables)
9 Months Ended
Sep. 30, 2012
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES [Abstract]  
Summary of related party fees
The Fund relies on the General Partner and its affiliates to manage the Fund's operations and pays the General Partner or its affiliates fees to manage the Fund in accordance with the Partnership Agreement. The following is a summary of fees and costs of services and materials charged by the General Partner or its affiliates (in thousands):
 
  
Three Months Ended September 30,
  
Nine Months Ended September 30,
 
   
2012
  
2011
  
2012
  
2011
 
Administrative expenses
 $273  $609  $993  $1,983 
Management fees
  -   -   -   - 
XML 26 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Schedule of Consolidated Investments [Line Items]        
Operating lease equipment useful life     7 years  
Period of default on monthly payment     90 days or more  
Delinquency period with full allowance     180 or more days past due  
Other Income [Abstract]        
Late fee income $ 129,000 $ 233,000 $ 655,000 $ 717,000
LEAF Funds JV2 [Member]
       
Schedule of Consolidated Investments [Line Items]        
Ownership interest (in hundredths)     98.00%  
LEAF Funds JV1 [Member]
       
Schedule of Consolidated Investments [Line Items]        
Ownership interest (in hundredths)     96.00%  
XML 27 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 28 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
Sep. 30, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Basis of Presentation
 
The consolidated financial statements include the accounts of the Fund and its wholly owned subsidiary LEAF Receivables Funding 4, LLC. The consolidated financial statements also include LEAF Funds Joint Venture 2, LLC ("LEAF Funds JV2") and its subsidiaries LEAF Commercial Finance Fund, LLC (LCFF) and LEAF Receivables Funding 6, LLC, as well as LEAF Funding, LLC ("LEAF Funds JV1") and its wholly owned subsidiaries LEAF Capital Funding III, LLC and LEAF Receivables Funding II, LLC. The Fund maintains a 98%, and 96% ownership interest in LEAF Funds JV2 and LEAF Funds JV1, respectively. All intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited financial statements reflect all adjustments that are, in the opinion of management, of a normal and recurring nature and necessary for a fair statement of the Fund's financial position as of September 30, 2012, and the results of its operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of results of the Fund's operations for the 2012 fiscal year. The financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") for interim financial reporting.  Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted pursuant to those rules and regulations. These interim financial statements should be read in conjunction with the Fund's financial statements and notes thereto presented in the Fund's Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on March 28, 2012.

The Fund has evaluated subsequent events through the date the financial statements were issued.  As described further in note 6, the Fund amended the indenture and servicing agreement on the 2010-3 Term Securitization on October 15, 2012.  The effective date of these amendments was July 31, 2012.
 
Use of Estimates
 
Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for credit losses and the estimated unguaranteed residual values of leased equipment, among others. The Fund bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Investments in Commercial Finance Assets
 
The Fund's investments in commercial finance assets consist of direct financing leases, operating leases, and loans.
 
Direct Financing Leases. Certain of the Fund's lease transactions are accounted for as direct financing leases (as distinguished from operating leases). Such leases transfer substantially all benefits and risks of equipment ownership to the customer. The Fund's investment in direct financing leases consists of the sum of the total future minimum lease payments receivable and the estimated unguaranteed residual value of leased equipment, less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted payments plus the estimated unguaranteed residual value expected to be realized at the end of the lease term over the cost of the related equipment.
 
Unguaranteed residual value represents the estimated amount to be received at lease termination from lease extensions or ultimate disposition of the leased equipment. The estimates of residual values are based upon the General Partner's history with regard to the realization of residuals, available industry data and the General Partner's experience with respect to comparable equipment. The estimated residual values are recorded as a component of investments in leases. Residual values are reviewed periodically to determine if the current estimate of the equipment's fair market value appears to be below its recorded estimate. If required, residual values are adjusted downward to reflect adjusted estimates of fair market values. Upward adjustments to residual values are not permitted.
 
Operating Leases. Leases not meeting the criteria to be classified as direct financing leases are deemed to be operating leases. Under the accounting for operating leases, the cost of the leased equipment, including acquisition fees associated with lease placements, is recorded as an asset and depreciated on a straight-line basis over the equipment's estimated useful life, generally up to seven years. Rental income consists primarily of monthly periodic rental payments due under the terms of the leases. The Fund recognizes rental income on a straight line basis.
 
A review for impairment of operating leases is performed whenever events or changes in circumstances indicate that the carrying amount of the operating leases may not be recoverable.  The Fund writes down its rental equipment to its estimated net realizable value when it is probable that its carrying amount exceeds its fair value and the excess can be reasonably estimated; gains are only recognized upon actual sale of the rental equipment.
 
Loans. For term loans, the investment in loans consists of the sum of the total future minimum loan payments receivable less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted loan payments over the cost of the loan. For all other loans, interest income is recorded at the stated rate on the accrual basis to the extent that such amounts are expected to be collected.
 
Allowance for Credit Losses. The Fund evaluates the adequacy of the allowance for credit losses (including investments in leases and loans) based upon, among other factors, management's historical experience on the portfolios it manages, an analysis of contractual delinquencies, economic conditions and trends and equipment finance portfolio characteristics, adjusted for expected recoveries.  In evaluating historic performance of the Fund's leases and loans, the Fund performs a migration analysis, which estimates the likelihood that an account progresses through delinquency stages to ultimate charge-off unless individually reviewed for impairment.  In an individual review for impairment the Fund considers the loans performance, probability of repayment, and general and local economic conditions when assessing whether impairment is necessary.
 
Income is not recognized on leases and loans when a default on payment exists for a period of 90 days or more. Generally, income recognition resumes when a lease or loan becomes less than 90 days delinquent. Fees from delinquent payments are recognized when received and are included in other income. After an account becomes 180 or more days past due, any remaining balance is fully-reserved less an estimated recovery amount.
 
Other Income

Other income includes miscellaneous fees charged by the Fund such as late fee income, among others.    The Fund recognizes late fee income as fees are collected. Late fee income was $129,000 and $655,000, respectively, for the three and nine months ended September 30, 2012 and $233,000 and $717,000, respectively, for the three and nine months ended September 30, 2011.
 
Recent Accounting Standards
 
Accounting Standards Recently Adopted

Comprehensive Income - In June 2011, the FASB issued an amendment to eliminate the option to present components of other comprehensive income as part of the statement of changes in equity.  The amendment requires that all non-owner changes in equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In the two-statement approach, the first statement should present total net income and its components followed consecutively by a second statement that should present total other comprehensive income, the components of other comprehensive income, and the total of comprehensive income. The Fund adopted the two-statement approach for the period beginning January 1, 2012.  However, adoption of this standard did not impact the Fund's financial statements for the three and nine months ending September 30, 2012 as the Fund had no items of other comprehensive income.

Fair Value Measurements - In May 2011, the FASB issued an amendment to revise the wording used to describe the requirements for measuring fair value and for disclosing information about fair value measurements. For many of the requirements, the FASB does not intend for the amendments to result in a change in the application of the current requirements. Some of the amendments clarify the FASB's intent about the application of existing fair value measurement requirements, such as specifying that the concepts of highest and best use and valuation premise in a fair value measurement are relevant only when measuring the fair value of nonfinancial assets. Other amendments change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements such as specifying that, in the absence of a Level 1 input, a reporting entity should apply premiums or discounts when market participants would do so when pricing the asset or liability. This guidance was adopted by the Fund for the period beginning January 1, 2012 and did not significantly impact the Fund's consolidated financial statements.
 
XML 29 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Interest on equipment financings $ 2,144 $ 4,212 $ 7,214 $ 14,874
Rental income 275 604 1,081 1,964
Gains on sale of equipment and lease dispositions, net 217 360 958 1,273
Gain on extinguishment of debt 0 0 0 13,677
Other income 144 277 718 831
Revenues 2,780 5,453 9,971 32,619
Expenses:        
Interest expense 3,090 4,725 9,880 16,937
Depreciation on operating leases 123 474 730 1,568
Provision for credit losses 2,308 3,089 8,252 12,293
General and administrative expenses 213 256 891 1,152
Administrative expenses reimbursed to affiliate 273 609 993 1,983
Loss on derivative activities 0 0 0 126
Expenses 6,007 9,153 20,746 34,059
Net loss (3,227) (3,700) (10,775) (1,440)
Less: Net loss (income) attributable to the noncontrolling interest 56 22 153 (27)
Net loss attributable to LEAF 4 partners (3,171) (3,678) (10,622) (1,467)
Net loss allocated to LEAF 4's limited partners $ (3,139) $ (3,641) $ (10,516) $ (1,452)
Weighted average number of limited partner units outstanding during the period (in shares) 1,259,537 1,259,537 1,259,537 1,259,537
Net loss per weighted average limited partner unit (in dollars per share) $ (2.49) $ (2.89) $ (8.35) $ (1.15)
XML 30 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
9 Months Ended
Sep. 30, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basis of Presentation
Basis of Presentation
 
The consolidated financial statements include the accounts of the Fund and its wholly owned subsidiary LEAF Receivables Funding 4, LLC. The consolidated financial statements also include LEAF Funds Joint Venture 2, LLC ("LEAF Funds JV2") and its subsidiaries LEAF Commercial Finance Fund, LLC (LCFF) and LEAF Receivables Funding 6, LLC, as well as LEAF Funding, LLC ("LEAF Funds JV1") and its wholly owned subsidiaries LEAF Capital Funding III, LLC and LEAF Receivables Funding II, LLC. The Fund maintains a 98%, and 96% ownership interest in LEAF Funds JV2 and LEAF Funds JV1, respectively. All intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited financial statements reflect all adjustments that are, in the opinion of management, of a normal and recurring nature and necessary for a fair statement of the Fund's financial position as of September 30, 2012, and the results of its operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of results of the Fund's operations for the 2012 fiscal year. The financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") for interim financial reporting.  Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted pursuant to those rules and regulations. These interim financial statements should be read in conjunction with the Fund's financial statements and notes thereto presented in the Fund's Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on March 28, 2012.

The Fund has evaluated subsequent events through the date the financial statements were issued.  As described further in note 6, the Fund amended the indenture and servicing agreement on the 2010-3 Term Securitization on October 15, 2012.  The effective date of these amendments was July 31, 2012.
Use of Estimates
Use of Estimates
 
Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for credit losses and the estimated unguaranteed residual values of leased equipment, among others. The Fund bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
Investments in Commercial Finance Assets

Investments in Commercial Finance Assets
 
The Fund's investments in commercial finance assets consist of direct financing leases, operating leases, and loans.
 
Direct Financing Leases. Certain of the Fund's lease transactions are accounted for as direct financing leases (as distinguished from operating leases). Such leases transfer substantially all benefits and risks of equipment ownership to the customer. The Fund's investment in direct financing leases consists of the sum of the total future minimum lease payments receivable and the estimated unguaranteed residual value of leased equipment, less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted payments plus the estimated unguaranteed residual value expected to be realized at the end of the lease term over the cost of the related equipment.
 
Unguaranteed residual value represents the estimated amount to be received at lease termination from lease extensions or ultimate disposition of the leased equipment. The estimates of residual values are based upon the General Partner's history with regard to the realization of residuals, available industry data and the General Partner's experience with respect to comparable equipment. The estimated residual values are recorded as a component of investments in leases. Residual values are reviewed periodically to determine if the current estimate of the equipment's fair market value appears to be below its recorded estimate. If required, residual values are adjusted downward to reflect adjusted estimates of fair market values. Upward adjustments to residual values are not permitted.
 
Operating Leases. Leases not meeting the criteria to be classified as direct financing leases are deemed to be operating leases. Under the accounting for operating leases, the cost of the leased equipment, including acquisition fees associated with lease placements, is recorded as an asset and depreciated on a straight-line basis over the equipment's estimated useful life, generally up to seven years. Rental income consists primarily of monthly periodic rental payments due under the terms of the leases. The Fund recognizes rental income on a straight line basis.
 
A review for impairment of operating leases is performed whenever events or changes in circumstances indicate that the carrying amount of the operating leases may not be recoverable.  The Fund writes down its rental equipment to its estimated net realizable value when it is probable that its carrying amount exceeds its fair value and the excess can be reasonably estimated; gains are only recognized upon actual sale of the rental equipment.
 
Loans. For term loans, the investment in loans consists of the sum of the total future minimum loan payments receivable less unearned finance income. Unearned finance income, which is recognized as revenue over the term of the financing by the effective interest method, represents the excess of the total future minimum contracted loan payments over the cost of the loan. For all other loans, interest income is recorded at the stated rate on the accrual basis to the extent that such amounts are expected to be collected.
 
Allowance for Credit Losses. The Fund evaluates the adequacy of the allowance for credit losses (including investments in leases and loans) based upon, among other factors, management's historical experience on the portfolios it manages, an analysis of contractual delinquencies, economic conditions and trends and equipment finance portfolio characteristics, adjusted for expected recoveries.  In evaluating historic performance of the Fund's leases and loans, the Fund performs a migration analysis, which estimates the likelihood that an account progresses through delinquency stages to ultimate charge-off unless individually reviewed for impairment.  In an individual review for impairment the Fund considers the loans performance, probability of repayment, and general and local economic conditions when assessing whether impairment is necessary.
 
Income is not recognized on leases and loans when a default on payment exists for a period of 90 days or more. Generally, income recognition resumes when a lease or loan becomes less than 90 days delinquent. Fees from delinquent payments are recognized when received and are included in other income. After an account becomes 180 or more days past due, any remaining balance is fully-reserved less an estimated recovery amount.
XML 31 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
9 Months Ended
Sep. 30, 2012
Document and Entity Information [Abstract]  
Entity Registrant Name LEAF Equipment Finance Fund 4, L.P.
Entity Central Index Key 0001426850
Current Fiscal Year End Date --12-31
Entity Well-known Seasoned Issuer No
Entity Voluntary Filers No
Entity Current Reporting Status Yes
Entity Filer Category Smaller Reporting Company
Document Fiscal Year Focus 2012
Document Fiscal Period Focus Q3
Document Type 10-Q
Amendment Flag false
Document Period End Date Sep. 30, 2012
XML 32 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT IN LEASES AND LOANS (Tables)
9 Months Ended
Sep. 30, 2012
INVESTMENT IN LEASES AND LOANS [Abstract]  
Net leases and loan investments
The Fund's investment in leases and loans, net, consists of the following (in thousands):
 
   
September 30,
  
December 31,
 
   
2012
  
2011
 
Direct financing leases (1)
 $32,801  $56,654 
Loans (2)
  83,301   130,788 
Operating leases
  523   1,645 
Future payment card receivables
  -   261 
    116,625   189,348 
Allowance for credit losses
  (4,371)  (4,410)
   $112,254  $184,938 
 

(1)
The Fund's direct financing leases are for initial lease terms generally ranging from 24 to 120 months.
(2)
The interest rates on loans generally range from 7% to 16%.
Components of direct financing leases and loans
The components of direct financing leases and loans, net, are as follows (in thousands):

   
September 30,
  
December 31,
 
   
2012
  
2011
 
   
Leases
  
Loans
  
Leases
  
Loans
 
Total future minimum lease payments
 $32,221  $91,203  $58,450  $145,038 
Unearned income
  (1,851)  (6,424)  (4,215)  (11,817)
Residuals, net of unearned residual income (1)
  2,739   -   3,256   - 
Security deposits
  (308)  (1,478)  (837)  (2,433)
   $32,801  $83,301  $56,654  $130,788 


(1)
Unguaranteed residuals for direct financing leases represent the estimated amounts recoverable at lease termination from lease extensions or disposition of the equipment.
Net operating leases
The Fund's investment in operating leases, net, consists of the following (in thousands):
 
   
September 30,
  
December 31,
 
   
2012
  
2011
 
Equipment
 $3,980  $6,998 
Accumulated depreciation
  (3,457)  (5,353)
   $523  $1,645 
XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Changes in Partners' (Deficit) Capital (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
General Partner Amount [Member]
Limited Partners [Member]
Total Partners' (Deficit) Capital [Member]
Non-Controlling Interest [Member]
Total
Balance at Dec. 31, 2011 $ (716) $ 39,027 $ 38,311 $ 481 $ 38,792
Balance (in units) at Dec. 31, 2011   1,259,537      
Increase (Decrease) in Partners' Capital [Roll Forward]          
Cash distributions paid (38) (3,779) (3,817) 0 (3,817)
Net loss (106) (10,516) (10,622) (153) (10,775)
Balance at Sep. 30, 2012 $ (860) $ 24,732 $ 23,872 $ 328 $ 24,200
Balance (in units) at Sep. 30, 2012   1,259,537      
XML 34 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUBORDINATED NOTES PAYABLE
9 Months Ended
Sep. 30, 2012
SUBORDINATED NOTES PAYABLE [Abstract]  
SUBORDINATED NOTES PAYABLE
NOTE 7 – SUBORDINATED NOTES PAYABLE
 
LCFF has $9.4 million of 8.25% secured subordinated promissory notes (the "Notes") outstanding, which are recourse to LCFF only. The Notes were issued to private investors and require interest only payments until their maturity in February 2015. LCFF may call or redeem the Notes, in whole or in part, at any time during the interest only period.
 
Covenants:  The Notes are subject to various covenants as set forth in their indenture, including an interest coverage ratio test, which LCFF was not in compliance with as of September 30, 2012.  LCFF notified the Trustee of this breach in April 2012.  As a result, the noteholders have the right to declare an event of default, which to date has not occurred.  If the noteholders would declare an event of default they have various rights and remedies available to them including (1) the right to declare all amounts currently outstanding under the Notes as immediately due and payable; (2) the right to take immediate possession of the assets of LCFF; and (3) the right to sell or otherwise dispose of the assets of LCFF in their current condition.  If the noteholders choose to repossess and sell LCFF's assets, such a sale of a portfolio could be at prices lower than its carrying value, which could result in losses to the Fund. At September 30, 2012, LCFF had approximately $50.1 million in commercial finance assets, of which $34.1 million had been pledged as collateral on the 2011-1 Term Securitization.
 
Notwithstanding the foregoing, LCFF is not, nor has been, delinquent on any payments of interest owed to the noteholders.
 
XML 35 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEBT
9 Months Ended
Sep. 30, 2012
DEBT [Abstract]  
DEBT
NOTE 6 –DEBT
 
The Fund's debt consists of the following (in thousands):
 
           
December 31,
 
 
September 30, 2012
  
2011
 
     
Outstanding
  
Interest rate per
  
Outstanding
 
 
Type
 
Balance (1) (2)
  
annum
  
Balance
 
2011-1 Term Securitization
Term
 $34,096  
1.7% to 5.5%
  $56,205 
2010-1 Term Securitization
Term
  10,545   5.00%  21,825 
2010-3 Term Securitization
Term
  45,764  
3.5% to 5.5%
   79,881 
     $90,405      $157,911 


(1)
These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund's term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.
(2)
The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively.

Series 2011-1 Term Securitization.  On January 26, 2011, a previous lender was paid-off with the proceeds from the 2011-1 Term Securitization (The "2011-1Term Securitization") in which six classes of asset-backed notes were issued that  have varying maturity dates ranging  from December 2018 to December 2023. The asset-backed notes totaled $96.0 million and bear interest at fixed, stated rates ranging from 1.7% to 5.5% and were issued at an original discount of approximately $6.2 million.  As a result of the retirement of the previous term loan, the Fund recognized a gain on extinguishment of debt of $13.7 million.

Series 2010-1 Term Securitization.  On May 18, 2010 three classes of asset-backed notes were issued (The "2010-1 Term Securitization"), one that matures on October 23, 2016 and two that mature on September 23, 2018, respectively. The asset-backed notes total $92.7 million and bear interest at a fixed, stated rate of 5% and were issued at an original discount of $6.5 million.

Series 2010-3 Term Securitization.  On August 17, 2010 five classes of asset-backed notes were issued (The "2010-3 Term Securitization"), one that matures on June 20, 2016 and 4 that mature on February 20, 2022, respectively. The asset-backed notes total $171.4 million and bear interest at fixed, stated rates ranging from 3.5% to 5.5% and were issued at an original discount of $3.7 million.

The Fund's securitizations are serviced by an affiliate of the Fund's General Partner (the "Servicer").  If the Servicer or the Fund's portfolio does not comply with certain requirements, then the noteholders have the right to replace the Servicer.  The portfolios of the 2010-1 Term Securitization and 2010-3 Term Securitization exceeded the cumulative net loss percentage permitted in April 2012.  The servicing agreements were amended effective July 31, 2012 to increase the cumulative net loss percentages and as a result the portfolios were in compliance with these agreements as of September 30, 2012.  In addition, the servicing agreements and the indentures on these facilities were amended to establish an additional reserve account to be funded by cash flows on leases and loans that will be used by the trustee as additional collateral.

This event does not constitute an event of default on the 2010-1 Term Securitization or the 2010-3 Term Securitization.  Additionally, the Fund is not, nor has been, delinquent on any payments owed to the noteholders.
 
        Debt Repayments:  Excluding $3.9 million of  remaining unamortized discount on the term securitizations, estimated annual principal payments on the Fund's aggregate borrowings over the next five annual periods ended September 30, and thereafter, are as follows (in thousands):
 
September 30, 2013
 $45,342 
September 30, 2014
  26,254 
September 30, 2015
  11,073 
September 30, 2016
  5,762 
September 30, 2017
  4,097 
Thereafter
  1,728 
   $94,256 
 
XML 36 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
ORGANIZATION AND NATURE OF BUSINESS (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
ORGANIZATION AND NATURE OF BUSINESS [Abstract]  
Funds raised during offering termination date $ 125.7
Units sold during offering termination date (in units) 1.2
Total expected life of the fund 9 years
Expected offering period 2 years
Expected reinvestment period 5 years
Expected subsequent liquidation period 2 years
Ownership interest (in hundredths) 1.00%
General Partner's investment in limited partnership interest $ 1
General Partner's limited partnership interest (in hundredths) 0.85%
XML 37 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables)
9 Months Ended
Sep. 30, 2012
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY [Abstract]  
Age analysis
The following table is an age analysis of the Fund's receivables from leases and loans (presented gross of allowance for credit losses of $4.4 million for each period) as of September 30, 2012 and December 31, 2011, respectively (in thousands):
 
   
September 30, 2012
  
December 31, 2011
 
Age of receivable
 
Investment in
leases and loans
  
%
  
Investment in
leases and loans
  
%
 
Current (a)
 $113,043   96.9% $183,187   96.7%
Delinquent:
                
31 to 91 days past due
  2,541   2.2%  4,118   2.2%
Greater than 91 days (b)
  1,041   0.9%  2,043   1.1%
   $116,625   100.0% $189,348   100.0%
 

 
(a)
Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due.
 
(b)
Balances in this age category are collectively evaluated for impairment.
Credit quality indicators
The Fund had $20.9 million and $26.8 million of leases and loans on nonaccrual status as of September 30, 2012 and December 31, 2011, respectively.  The credit quality of the Fund's investment in leases and loans as of September 30, 2012 and December 31, 2011 are as follows (in thousands):
 
   
September 30,
2012
  
December 31,
2011
 
Performing
 $95,682  $162,548 
Nonperforming
  20,943   26,800 
   $116,625  $189,348 
Allowance for credit losses activity
The Company's investments in non-performing leases and loans as of September 30, 2012 and December 31, 2011 were collectively evaluated for impairment, except for certain asset backed loans that were individually evaluated for impairment. The following table summarizes the activity in the allowance for credit losses (in thousands):
 
   
Three Months Ended 
September 30,
  
Nine Months Ended
September 30,
 
   
2012
  
2011
  
2012
  
2011
 
Allowance for credit losses, beginning of period
 $4,630  $6,510  $4,410  $9,854 
Provision for credit losses
  2,308   3,089   8,252   12,293 
Charge-offs
  (2,817)  (5,431)  (9,193)  (18,804)
Recoveries
  250   751   902   1,576 
Allowance for credit losses end of period
 $4,371  $4,919  $4,371  $4,919 
                  
Allowance for credit losses:
        
Ending balance, individually evaluated for impairment
 $3,580   $  $3,580   $ 
Ending balance, collectively evaluated for impairment
  791   4,919   791   4,919 
Balance, end of year
 $4,371  $4,919  $4,371  $4,919 
                  
Recorded investment  in leases and term loans:
        
Ending balance, individually evaluated for impairment
 $19,902   $25,179   $19,902   $25,179  
Ending balance, collectively evaluated for impairment
  96,723   198,640   96,723   198,640 
Balance, end of year
 $116,625  $223,819  $116,625  $223,819 
XML 38 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES
9 Months Ended
Sep. 30, 2012
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES [Abstract]  
CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES
NOTE 10 – CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES
 
The Fund relies on the General Partner and its affiliates to manage the Fund's operations and pays the General Partner or its affiliates fees to manage the Fund in accordance with the Partnership Agreement. The following is a summary of fees and costs of services and materials charged by the General Partner or its affiliates (in thousands):
 
  
Three Months Ended September 30,
  
Nine Months Ended September 30,
 
   
2012
  
2011
  
2012
  
2011
 
Administrative expenses
 $273  $609  $993  $1,983 
Management fees
  -   -   -   - 
 
Administrative Expenses. The General Partner and its affiliates are reimbursed by the Fund for administrative services reasonably necessary to operate the Fund which do not exceed the General Partner's actual cost of those services.
 
Management Fees. Pursuant to the Partnership Agreement, the General Partner is entitled to receive a subordinated annual asset management fee equal to 4% of gross rental payments for operating leases or 2% for full payout leases or a competitive fee, whichever is less. During the Fund's five-year investment period, the management fees will be subordinated to the payment to the Fund's limited partners of a cumulative annual distribution of 8.5% of their capital contributions, as adjusted by distributions deemed to be a return of capital.  The General Partner has waived all future management fees.  Approximately $1.4 million of management fees were waived for the nine month period ended September 30, 2012 and $6.1 million have been waived on a cumulative basis.
 
Due to Affiliates. Due to affiliates includes amounts due to the General Partner and its affiliates related to acquiring and managing portfolios of equipment, management fees and reimbursed expenses.
 
XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
DERIVATIVE INSTRUMENTS
9 Months Ended
Sep. 30, 2012
DERIVATIVE INSTRUMENTS [Abstract]  
DERIVATIVE INSTRUMENTS
NOTE 8 – DERIVATIVE INSTRUMENTS
 
Since the completion of the 2011-1 Term Securitization in January 2011 all of the Fund's debt is on a fixed-rate basis which generally mitigates the Fund's exposure to floating-rate interest rate risk on its borrowings.  Accordingly, the Fund no longer purchases or owns derivative instruments.

Prior to termination of the Fund's interest rate swaps, the Fund recognized changes in fair value of its derivatives in mark to market changes on derivative liabilities on the accompanying statement of operations.  The Fund incurred a loss on mark to market changes on derivative liabilities of $126,000 for the nine month period ended September 30, 2011.
 
XML 40 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE MEASUREMENT
9 Months Ended
Sep. 30, 2012
FAIR VALUE MEASUREMENT [Abstract]  
FAIR VALUE MEASUREMENT
NOTE 9 – FAIR VALUE MEASUREMENT
 
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the measurement date (exit price). U.S. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement in its entirety.
 
Level 1 – Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
 
Level 2 – Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
 
Level 3 – Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
 
There were no assets or liabilities measured at fair value at September 30, 2012 or December 31, 2011.
 
The Fund is also required to disclose the fair value of financial instruments not measured at fair value for which it is practicable to estimate that value.  For cash, restricted cash, receivables, and payables, the carrying amounts approximate fair value because of the short term maturity of these instruments. At December 31, 2011, the carrying value of debt approximated fair value as interest rates were comparable to current market rates.
 
Subsequent to the adoption of Accounting Standards Update 2011-04 ("ASU 2011-04"), the Fund is also required to disclose the methods used to estimate fair value on financial instruments not measured at fair value and the level within the fair value hierarchy that those fair value measurements are categorized. The carrying value and fair value of the Fund's debt at September 30, 2012 is as follows:
 
      
Fair Value Measuring Using
  
Liabilities
 
   
Carrying Value
  
Level 1
  
Level 2
  
Level 3
  
At Fair Value
 
Debt, at September 30, 2012
 $90,405  $-  $87,385  $-  $87,385 
                      
 
The fair value of the debt at September 30, 2012 was determined using quoted prices obtained from a broker-dealer as of the measurement date.
 
XML 41 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2012
COMMITMENTS AND CONTINGENCIES [Abstract]  
COMMITMENTS AND CONTINGENCIES
NOTE 11 – COMMITMENTS AND CONTINGENCIES
 
The Fund is party to various routine legal proceedings arising out of the ordinary course of its business. Management believes that none of these actions, individually or in the aggregate, will have a material adverse effect on the Fund's financial condition or results of operations.
XML 42 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2012
FAIR VALUE MEASUREMENT [Abstract]  
Carrying value and fair value of funds
Subsequent to the adoption of Accounting Standards Update 2011-04 ("ASU 2011-04"), the Fund is also required to disclose the methods used to estimate fair value on financial instruments not measured at fair value and the level within the fair value hierarchy that those fair value measurements are categorized. The carrying value and fair value of the Fund's debt at September 30, 2012 is as follows:
 
      
Fair Value Measuring Using
  
Liabilities
 
   
Carrying Value
  
Level 1
  
Level 2
  
Level 3
  
At Fair Value
 
Debt, at September 30, 2012
 $90,405  $-  $87,385  $-  $87,385 
                      
XML 43 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY [Abstract]          
Allowance for credit losses $ 4,371,000   $ 4,371,000   $ 4,410,000
Aging of investment in leases and loans [Abstract]          
Current 113,043,000 [1]   113,043,000 [1]   183,187,000 [1]
Current, percentage of all aged receivables (in hundredths) 96.90% [1]   96.90% [1]   96.70% [1]
Delinquent [Abstract]          
31 to 91 days past due 2,541,000   2,541,000   4,118,000
31 to 91 days past due, percentage of all aged receivables (in hundredths) 2.20%   2.20%   2.20%
Greater than 91 Days Past due 1,041,000 [2]   1,041,000 [2]   2,043,000 [2]
Greater than 91 days, percentage of all aged receivables (in hundredths) 0.90% [2]   0.90% [2]   1.10% [2]
Total aged investment in leases and loans 116,625,000   116,625,000   189,348,000
Percentage of all aged receivables (in hundredths) 100.00%   100.00%   100.00%
Contractually current but is recorded using cost recovery method 19,900,000   19,900,000   24,800,000
Allowance for credit losses activity [Abstract]          
Allowance for credit losses, beginning of period 4,630,000 6,510,000 4,410,000 9,854,000  
Provisions for credit losses 2,308,000 3,089,000 8,252,000 12,293,000  
Charge-offs (2,817,000) (5,431,000) (9,193,000) (18,804,000)  
Recoveries 250,000 751,000 902,000 1,576,000  
Allowance for credit losses end of period 4,371,000 4,919,000 4,371,000 4,919,000  
Allowance for credit loss [Abstract]          
Ending balance, individually evaluated for impairment 3,580,000 0 3,580,000 0  
Ending balance, collectively evaluated for impairment 791,000 4,919,000 791,000 4,919,000  
Balance, end of period 4,371,000 4,919,000 4,371,000 4,919,000  
Recorded investment in leases and term loans [Abstract]          
Ending balance individually evaluated for impairment 19,902,000 25,179,000 19,902,000 25,179,000  
Ending balance collectively evaluated for impairment 96,723,000 198,640,000 96,723,000 198,640,000  
Performing [Member]
         
Investment in leases and loans [Line Items]          
Investment in leases and loans 95,682,000   95,682,000   162,548,000
Nonperforming [Member]
         
Investment in leases and loans [Line Items]          
Investment in leases and loans $ 20,943,000   $ 20,943,000   $ 26,800,000
[1] Included in this category are approximately $19.9 million and $24.8 million as of September 30, 2012 and December 31, 2011, respectively, of certain loans which are contractually current but are on the cost recovery method due to continued uncertainty as to collectability of future payments due.
[2] Balances in this age category are collectively evaluated for impairment.
XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (10,775) $ (1,440)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on extinguishment of debt 0 (13,677)
Gains on sale of equipment and lease dispositions, net (958) (1,273)
Amortization of deferred charges and discount on debt 5,470 9,532
Depreciation on operating leases 730 1,568
Provision for credit losses 8,252 12,293
Loss on derivative hedging activities 0 166
Changes in operating assets and liabilities:    
Other assets 129 (33)
Accounts payable, accrued expenses, and other liabilities (93) 267
Due to affiliates 1,246 45
Net cash provided by operating activities 4,001 7,448
Cash flows from investing activities:    
Purchases of leases and loans (384) (411)
Proceeds from leases and loans 65,277 102,935
Security deposits returned, net of collections (1,511) (1,602)
Net cash provided by investing activities 63,382 100,922
Cash flows from financing activities:    
Borrowings of debt 0 90,041
Repayment of debt (70,628) (193,920)
Decrease in restricted cash 6,883 4,309
Increase in deferred financing costs (12) (1,756)
Termination of financial derivatives 0 (2,875)
Cash distributions to partners (3,817) (3,817)
Net cash used in financing activities (67,574) (108,018)
(Decrease) increase in cash (191) 352
Cash, beginning of period 405 394
Cash, end of period 214 746
Supplemental Cash Flow Disclosure:    
Cash paid for interest $ 4,471 $ 7,325
XML 45 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEFERRED FINANCING COSTS
9 Months Ended
Sep. 30, 2012
DEFERRED FINANCING COSTS [Abstract]  
DEFERRED FINANCING COSTS
NOTE 5 – DEFERRED FINANCING COSTS
 
As of September 30, 2012 and December 31, 2011, deferred financing costs include $1.6 million and $2.6 million, respectively, of unamortized deferred financing costs which are being amortized over the terms of the estimated life of the related debt. Accumulated amortization as of September 30, 2012 and December 31, 2011 was $4.2 million, and $3.1 million, respectively.
 
XML 46 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEFERRED FINANCING COSTS (Details) (USD $)
Sep. 30, 2012
Dec. 31, 2011
DEFERRED FINANCING COSTS [Abstract]    
Deferred financing costs $ 1,571,000 $ 2,629,000
Accumulated amortization $ 4,200,000 $ 3,100,000
XML 47 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 54 174 1 true 21 0 false 4 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://leaffinancial.com/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 010000 - Statement - Consolidated Balance Sheets (Unaudited) Sheet http://leaffinancial.com/role/ConsolidatedBalanceSheetsUnaudited Consolidated Balance Sheets (Unaudited) false false R3.htm 020000 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://leaffinancial.com/role/ConsolidatedStatementsOfOperationsUnaudited Consolidated Statements of Operations (Unaudited) false false R4.htm 030000 - Statement - Consolidated Statements of Changes in Partners' (Deficit) Capital (Unaudited) Sheet http://leaffinancial.com/role/ConsolidatedStatementsOfChangesInPartnersDeficitCapitalUnaudited Consolidated Statements of Changes in Partners' (Deficit) Capital (Unaudited) false false R5.htm 040000 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://leaffinancial.com/role/ConsolidatedStatementsOfCashFlowsUnaudited Consolidated Statements of Cash Flows (Unaudited) false false R6.htm 060100 - Disclosure - ORGANIZATION AND NATURE OF BUSINESS Sheet http://leaffinancial.com/role/OrganizationAndNatureOfBusiness ORGANIZATION AND NATURE OF BUSINESS false false R7.htm 060200 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://leaffinancial.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES false false R8.htm 060300 - Disclosure - INVESTMENT IN LEASES AND LOANS Sheet http://leaffinancial.com/role/InvestmentInLeasesAndLoans INVESTMENT IN LEASES AND LOANS false false R9.htm 060400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY Sheet http://leaffinancial.com/role/AllowanceForCreditLossesAndCreditQuality ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY false false R10.htm 060500 - Disclosure - DEFERRED FINANCING COSTS Sheet http://leaffinancial.com/role/DeferredFinancingCosts DEFERRED FINANCING COSTS false false R11.htm 060600 - Disclosure - DEBT Sheet http://leaffinancial.com/role/Debt DEBT false false R12.htm 060700 - Disclosure - SUBORDINATED NOTES PAYABLE Notes http://leaffinancial.com/role/SubordinatedNotesPayable SUBORDINATED NOTES PAYABLE false false R13.htm 060800 - Disclosure - DERIVATIVE INSTRUMENTS Sheet http://leaffinancial.com/role/DerivativeInstruments DERIVATIVE INSTRUMENTS false false R14.htm 060900 - Disclosure - FAIR VALUE MEASUREMENT Sheet http://leaffinancial.com/role/FairValueMeasurement FAIR VALUE MEASUREMENT false false R15.htm 061000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES Sheet http://leaffinancial.com/role/CertainRelationshipsAndTransactionsWithAffiliates CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES false false R16.htm 061100 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://leaffinancial.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES false false R17.htm 070200 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://leaffinancial.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) false false R18.htm 080300 - Disclosure - INVESTMENT IN LEASES AND LOANS (Tables) Sheet http://leaffinancial.com/role/InvestmentInLeasesAndLoansTables INVESTMENT IN LEASES AND LOANS (Tables) false false R19.htm 080400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables) Sheet http://leaffinancial.com/role/AllowanceForCreditLossesAndCreditQualityTables ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables) false false R20.htm 080600 - Disclosure - DEBT (Tables) Sheet http://leaffinancial.com/role/DebtTables DEBT (Tables) false false R21.htm 080900 - Disclosure - FAIR VALUE MEASUREMENT (Tables) Sheet http://leaffinancial.com/role/FairValueMeasurementTables FAIR VALUE MEASUREMENT (Tables) false false R22.htm 081000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Tables) Sheet http://leaffinancial.com/role/CertainRelationshipsAndTransactionsWithAffiliatesTables CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Tables) false false R23.htm 090100 - Disclosure - ORGANIZATION AND NATURE OF BUSINESS (Details) Sheet http://leaffinancial.com/role/OrganizationAndNatureOfBusinessDetails ORGANIZATION AND NATURE OF BUSINESS (Details) false false R24.htm 090200 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://leaffinancial.com/role/SummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) false false R25.htm 090300 - Disclosure - INVESTMENT IN LEASES AND LOANS (Details) Sheet http://leaffinancial.com/role/InvestmentInLeasesAndLoansDetails INVESTMENT IN LEASES AND LOANS (Details) false false R26.htm 090400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Details) Sheet http://leaffinancial.com/role/AllowanceForCreditLossesAndCreditQualityDetails ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Details) false false R27.htm 090500 - Disclosure - DEFERRED FINANCING COSTS (Details) Sheet http://leaffinancial.com/role/DeferredFinancingCostsDetails DEFERRED FINANCING COSTS (Details) false false R28.htm 090600 - Disclosure - DEBT (Details) Sheet http://leaffinancial.com/role/DebtDetails DEBT (Details) false false R29.htm 090700 - Disclosure - SUBORDINATED NOTES PAYABLE (Details) Notes http://leaffinancial.com/role/SubordinatedNotesPayableDetails SUBORDINATED NOTES PAYABLE (Details) false false R30.htm 090800 - Disclosure - DERIVATIVE INSTRUMENTS (Details) Sheet http://leaffinancial.com/role/DerivativeInstrumentsDetails DERIVATIVE INSTRUMENTS (Details) false false R31.htm 090900 - Disclosure - FAIR VALUE MEASUREMENT (Details) Sheet http://leaffinancial.com/role/FairValueMeasurementDetails FAIR VALUE MEASUREMENT (Details) false false R32.htm 091000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Details) Sheet http://leaffinancial.com/role/CertainRelationshipsAndTransactionsWithAffiliatesDetails CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Details) false false All Reports Book All Reports Element us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases had a mix of decimals attribute values: -5 -3. Element us-gaap_DebtInstrumentUnamortizedDiscount had a mix of decimals attribute values: -6 -5. 'Monetary' elements on report '090400 - Disclosure - ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Details)' had a mix of different decimal attribute values. 'Monetary' elements on report '090500 - Disclosure - DEFERRED FINANCING COSTS (Details)' had a mix of different decimal attribute values. 'Monetary' elements on report '090600 - Disclosure - DEBT (Details)' had a mix of different decimal attribute values. 'Monetary' elements on report '090700 - Disclosure - SUBORDINATED NOTES PAYABLE (Details)' had a mix of different decimal attribute values. 'Monetary' elements on report '091000 - Disclosure - CERTAIN RELATIONSHIPS AND TRANSACTIONS WITH AFFILIATES (Details)' had a mix of different decimal attribute values. Process Flow-Through: 010000 - Statement - Consolidated Balance Sheets (Unaudited) Process Flow-Through: Removing column 'Sep. 30, 2011' Process Flow-Through: Removing column 'Dec. 31, 2010' Process Flow-Through: 020000 - Statement - Consolidated Statements of Operations (Unaudited) Process Flow-Through: 040000 - Statement - Consolidated Statements of Cash Flows (Unaudited) lfor-20120930.xml lfor-20120930.xsd lfor-20120930_cal.xml lfor-20120930_def.xml lfor-20120930_lab.xml lfor-20120930_pre.xml true true XML 48 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEBT (Tables)
9 Months Ended
Sep. 30, 2012
DEBT [Abstract]  
Schedule of debt
The Fund's debt consists of the following (in thousands):
 
           
December 31,
 
 
September 30, 2012
  
2011
 
     
Outstanding
  
Interest rate per
  
Outstanding
 
 
Type
 
Balance (1) (2)
  
annum
  
Balance
 
2011-1 Term Securitization
Term
 $34,096  
1.7% to 5.5%
  $56,205 
2010-1 Term Securitization
Term
  10,545   5.00%  21,825 
2010-3 Term Securitization
Term
  45,764  
3.5% to 5.5%
   79,881 
     $90,405      $157,911 


(1)
These borrowings are collateralized by specific leases and loans and restricted cash. As of September 30, 2012, $94.0 million of leases and loans and $10.6 million of restricted cash were pledged as collateral under the Fund's term securitizations. Recourse under these securitizations is limited to the amount of collateral pledged.
(2)
The outstanding balances are presented net of unamortized original issue discount of $3.9 million and $7.0 million as of September 30, 2012 and December 31, 2011, respectively.
Debt repayments
        Debt Repayments:  Excluding $3.9 million of  remaining unamortized discount on the term securitizations, estimated annual principal payments on the Fund's aggregate borrowings over the next five annual periods ended September 30, and thereafter, are as follows (in thousands):
 
September 30, 2013
 $45,342 
September 30, 2014
  26,254 
September 30, 2015
  11,073 
September 30, 2016
  5,762 
September 30, 2017
  4,097 
Thereafter
  1,728 
   $94,256