RELINQUISHMENT AGREEMENT:

In February 1998, the Authority and TCA entered into a relinquishment agreement (the “Relinquishment Agreement”). Effective January 1, 2000, the Relinquishment Agreement superseded a then-existing management agreement with TCA requiring, among other things, that the Authority make certain payments to TCA out of, and determined as a percentage of, Revenues, as defined under the Relinquishment Agreement, generated by Mohegan Sun over a 15-year period. The Authority, in accordance with authoritative guidance issued by the FASB pertaining to the accounting for contingencies, recorded a $549.1 million relinquishment liability at September 30, 1998 based on the estimated present value of its obligations under the Relinquishment Agreement. The Relinquishment Agreement expired on December 31, 2014. As of September 30, 2016 and 2015, no amount was outstanding under the Relinquishment Agreement.

Relinquishment payments consisted of the following (in millions):



	For the Fiscal Years Ended
	September 30, 2016		September 30, 2015		September 30, 2014
Principal	$	—	$	24.4	$	46.6
Accretion of discount (1)	—		0.8		2.9
Total	$	—	$	25.2	$	49.5

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(1)	Reflects accretion of the discount to the present value of the relinquishment liability for the impact of the time value of money.

The relinquishment liability reassessment credits of $243,000 and $1.9 million for the fiscal years ended September 30, 2015 and 2014, respectively, resulted from reductions in Mohegan Sun revenues and revenue projections as of the end of each respective fiscal year compared to projections as of the end of the related prior fiscal year.