|
200910044
<br />WHEREAS, in connection with the issuance of the 2009C Bonds, it is necessary and
<br />advisable for the College and the Corporation to set certain terms of the Lease Purchase
<br />Agreement;
<br />WHEREAS, the Lease Purchase Agreement provides for certain easement rights in favor
<br />of the Corporation with respect to the real estate described in Exhibit "A" hereto attached and
<br />this Addendum provides far the confirmation of such rights;
<br />NOW THEREFORE, in consideration of the mutual covenants contained herein and of
<br />the purchase of the 2009C Bonds by the original and subsequent purchasers of the 2009C Bonds,
<br />the parties do hereby agree and contract as follows:
<br />Section I. Amendment of Definitions of Terms. The definitions of terms set forth in
<br />the recitals to the Lease Purchase Agreement are hereby amended and supplemented as follows:
<br />"Lease-Purchase Agreement" shall mean the Lease Purchase Agreement as
<br />supplemented and amended by the First Addendum, the Second Addendum and this
<br />Addendum.
<br />Section II. Approval of Terms of Indenture. The College and the Corporation hereby
<br />approve the terms of the Indenture and of the 2009C Bonds and the sale thereof as set forth in the
<br />Indenture.
<br />Section III. Agreement to Make Payments. The College hereby agrees to make
<br />installment purchase payments as the purchase price and basic rent due under the Lease Purchase
<br />Agreement in the following amounts, which amounts represent an increase required for the
<br />payment of the 2009C Bonds:
<br />~. .................................
<br />Paynnent Date ..........................................................................................
<br />~~ 2009A Payments ...L.........................................................................................,....
<br />2009B Payments ...................................................................,
<br />2009C Payments
<br />Total Due _ ~~
<br />
<br />March 1, 2010
<br />.......
<br />$127,612.51
<br />$ 66,171.35
<br />$19,330.22
<br />$213,114.08
<br />
<br />
<br />e tember 1 2 1
<br />S 0 0
<br />>
<br />..............P.,,......................... ................................
<br />
<br />108 863.75
<br />
<br />
<br />2 143.75
<br />120.00
<br />56
<br />
<br />
<br />
<br />..
<br />................
<br />......
<br />... _
<br />
<br />4 12 .
<br />2 7 7 50
<br />,
<br />March 1 2011
<br />
<br />> 108 863.75
<br />82 143.75 5 6
<br />12 0.0 0 24 127.50
<br />7
<br />,
<br />September 1, 2011
<br />.... 108,863.75 82,143.75 56,120.00 247,127.50
<br />March 1, 2012 158,863.75 117,143.75 91,120.00 367,127.50
<br />Se tember 1, 2012
<br />...................p.................................................................................. 108,326.25
<br />.......................................................................................... 82,820.00
<br />................................................................................................... 55,840.00 '
<br />........................................................................................................ 246,986.25
<br />..................................................................................
<br />
<br />March 1, 2013
<br />;.
<br />158,326.25
<br />116,820.00
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . ~ . . . . . .
<br />90,840.00
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _
<br /> . . . . . . . . . . . . . .
<br />365,984.25
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br />' September 1, 2013 107,663.75 t
<br />I 81,417.50 ~ 55,490.00 244,571.25
<br />March 1, 2014 157,663.75 126,417.50 85,490.00 369,571.25
<br />September 1, 2014
<br />........................................................................................................... 106,888.75
<br />.......................................................................................... 80,798.75
<br />.:............................................................................................i..... 55,130.00 ~
<br />.......................................................................................................... 242,$17.50
<br />..................................................................................
<br />March 1, 2015 156,888.75 125,798.75 85,130.00 367,817.50
<br />I Se tember 1, 2015 106,051.25 1 80,123.75 54,717.50 1 240,892.50
<br />March 1, 2016
<br />............................................................................................................ 156,051.25
<br />.......................................................................................... 130,123.75
<br />................................................................................................... 89,717.50
<br />......................................................................................................... 375,892.50
<br />..................................................................................
<br />Se tember 1, 2016
<br />P ................................................. 105,138.75 f 79,311.25
<br />:....... 54,192.50
<br />................. 238,642.50
<br />2
<br />
|