Browse
Search
2005 NS Finance - Refinancing BB&T Installment Purchase Agreements
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
2000's
>
2005
>
2005 NS Finance - Refinancing BB&T Installment Purchase Agreements
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/7/2011 11:01:44 AM
Creation date
9/29/2010 3:07:42 PM
Metadata
Fields
Template:
BOCC
Date
1/24/2005
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
5i
Document Relationships
Agenda - 01-24-2005-5i
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 01-24-2005
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
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
<br />EXHIBIT A-1 <br />Revised Payment Schedule to Financing Agreement and Deed of Trust dated as of <br />December 1, 1996, and subsequent Modification Agreements dated as of March 1, 1997, <br />and June 1, 1998, respectively (together, the "Original Agreement"), granted by Orange <br />County, North Carolina for the benefit of BB&T. <br />[Replaces Exhibit X-IJ <br />Dated as of: February 1, 2005 Account Number: 003-1523500-005 <br />This Payment Schedule is issued pursuant to a Modification Agreement dated as of <br />February 1, 2005 (the "Modification Agreement"). The Modification Agreement, among other <br />things, modifies and amends the Original Agreement. All terms used in this Payment Schedule <br />have the meanings ascribed to them in the Original Agreement. <br />The payments required to repay the outstanding principal balance of the advance made <br />pursuant to the Original Agreement (which amount is $2,921,776.18) call for remaining <br />amortization period of approximately seven (7) years. Payments are semi-annual in arrears in the <br />amount of $236,116.05. A portion of each payment is paid as and represents payment of interest <br />at an annual interest rate of 3.69%. <br />Payments are due beginning on August 1, 2005, and semi-annually thereafter, with a final <br />payment of all outstanding principal and accrued and unpaid interest due on December 20, 2011, <br />all as set forth in the attached amortization schedule. <br />5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.