The quarterly financial statement included a report that Kilroy will receive a payment in the third quarter of 2003 of approximately $18 million and four additional payments of approximately $750,000 from Peregrine Systems Inc., to be paid annually over the next four years. The payments are part of the reimbursement for Peregrine's termination of all but one of five leases at Kilroy buildings. Peregrine terminated the leases as part of its Chapter 11 bankruptcy.
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