Common Contracts
2 similar Project Designation contracts by DTC Communications Corp
MORTGAGE NOTEProject Designation • October 26th, 1999 • DTC Communications Corp
DEKALB TELEPHONE COOPERATIVE (hereinafter called the "Corporation"), a corporation organized and existing under the laws of the State of Tennessee, for value received, promises to pay to the order of UNITED STATES OF AMERICA (hereinafter called the "Government"), acting through the Administrator of the Rural Electriciation Administration, at the United States Treasury, Washington, D. C., at the times and in the manner hereinafter provided, the sum of fifteen million five hundred fifty-nine thousand dollars ($15,559,000), with interest on the amount thereof advanced by the Government, pursuant to a certain telephone loan contract, dated as of October 15, 1951, between the Government and the Corporation, as the same may have been amended from time to time (said loan contract, as it may have been amended, being hereinafter called the "Loan Contract"), and remaining unpaid from time to time, at the rate of five (5.0) per centum per annum.
PROJECT DESIGNATION: TENNESSEE 521-T8 DEKALB ------------------------ MORTGAGE NOTEProject Designation • October 26th, 1999 • DTC Communications Corp
Interest on principal advanced pursuant to the Loan Contract and remaining unpaid shall be payable quarterly, on the last day of January, April, July, and October, of each year for a period ending on a date three (3) years after the date hereof. Thereafter, to and including a date thirty- five (35) years after the date hereof, the Corporation shall make a payment on each of said quarterly dates in each year at the rate of $15.70 per $1,000 of the principal amount hereof advanced pursuant to the Loan Contract and unpaid three (3) years after the date hereof.
