Browse
Search
1998 S Finance -BB&T - Modification Agreement for Southern Village Elementary Financing 04-21-1998-8d
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
1990's
>
1998
>
1998 S Finance -BB&T - Modification Agreement for Southern Village Elementary Financing 04-21-1998-8d
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/11/2012 11:21:57 AM
Creation date
7/15/2010 3:54:25 PM
Metadata
Fields
Template:
BOCC
Date
4/21/1998
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
8d
Document Relationships
Agenda - 04-21-1998 - 8d
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\1990's\1998\Agenda - 04-21-1998
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A <br />Revised Exhibit D (Payment Schedule) To Financing Agreement and Deed of Trust dated <br />as of December 1, 1996 (the "Original Agreement"), granted by Orange County, North <br />Carolina, to F. Louis Loyd, III, Deed of Trust Trustee, for the benefit of BB&T Leasing <br />Corporation, and assigns (as previously modified). <br />Dated as of : June 1, 1998 Account Numbers: 003-152300-001 & 002 <br />This Payment Schedule is issued pursuant to a Modification Agreement dated as of June <br />1, 1998 (the "Agreement"). The Modification Agreement, among other things, modifies and <br />amends the Original Agreement and a previous modification agreement. All terms used in this <br />Payment Schedule have the meanings ascribed to them in the Original Agreement. <br />RATE PAYMENT AND TE MS <br />Phase IFinancing -- The payments required to repay the advance made pursuant to the <br />Original Agreement call for an amortization period of approximately fifteen years. The <br />remaining payments are due semi-annually in arreazs in the amount of $249,147.60. A portion of <br />each payment is paid as and represents payment of interest at an annual interest rate of 4.92%. <br />The remaining payments are due beginning on August 1, 1998, and semi-annually on <br />each February 1 and August 1 thereafter, with a final payment of all outstanding principal and <br />accrued and unpaid interest due on December 20, 2011, all as set forth in Schedule X-1 hereto. <br />Phase II Financing -- The payments required to repay the advance made pursuant to the <br />Prior Modification call for an amortization period of approximately fifteen years. The remaining <br />payments are due semi-annually in arrears in the amount of $448,524.86. A portion of each <br />payment is paid as and represents payment of interest at an annual interest rate of 4.92%. <br />The remaining payments aze due beginning on August 1, 1998, and semi-annually on <br />each February 1 and August 1 thereafter, with a final payment of all outstanding principal and <br />accrued and unpaid interest due on February 1, 2012, all as set forth in Schedule X-2 hereto. <br />6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.