§  27.1422   Accelerated relocation payment.

   (a) Eligible space station operators that meet the applicable
   early-clearing benchmark(s), as confirmed in their Certification of
   Accelerated Relocation set-forth in § 27.1412(g), will be eligible for
   their respective accelerated relocation payment.

   (b) The Relocation Payment Clearinghouse will distribute the
   accelerated relocation payments accordingly:

   Table 1 to Paragraph (b)—Acclerated Relocation Payment by Operator
       Payment Phase I
   payment Phase II
   payment
   Intelsat $4,865,366,000 $1,197,842,000 $3,667,524,000
   SES 3,968,133,000 976,945,000 2,991,188,000
   Eutelsat 506,978,000 124,817,000 382,161,000
   Telesat 344,400,000 84,790,000 259,610,000
   Star One 15,124,000 3,723,000 11,401,000
   Totals 9,700,001,000 2,388,117,000 7,311,884,000

   (c) The Relocation Payment Clearinghouse shall promptly notify 3.7 GHz
   Service licensees following validation of the certification of
   accelerated relocations as set-forth in Section 27.1412(g). 3.7 GHz
   Service licensees shall pay the accelerated relocation payments to the
   Clearinghouse within 60 days of the notice that eligible space station
   operators have met their respective accelerated clearing benchmark. The
   Clearinghouse shall disburse accelerated relocation payments to
   relevant space station operators within seven days of receiving the
   payment from overlay licensees.

   (d) For eligible space station operators that fail to meet either the
   Phase I or Phase II benchmarks as of the relevant accelerated
   relocation deadline, the accelerated relocation payment will be reduced
   according to the following schedule of declining accelerated relocation
   payments for the six months following the relevant deadline:

   Table 2 to Paragraph (d)
   Date of completion Incremental
   reduction
   (percent) Accelerated
   relocation
   payment
   (percent)
   By Deadline 100
   1-30 Days Late 5 95
   31-60 Days Late 5 90
   61-90 Days Late 10 80
   91-120 Days Late 10 70
   121-150 Days Late 20 50
   151-180 Days Late 20 30
   181+ Days Late 30 0