|
15 02/13/2021
<br />$
<br />51,625.47
<br />$
<br />6,697.84
<br />$
<br />44,927.63
<br />$
<br />843,889.29
<br />16 05/13/2021
<br />$
<br />51,625.47
<br />$
<br />6,349.65
<br />$
<br />45,275.82
<br />$
<br />797,255.20
<br />17 08/13/2021
<br />$
<br />51,625.47
<br />$
<br />5,998.76
<br />$
<br />45,626.71
<br />$
<br />750,259.68
<br />18 11/13/2021
<br />$
<br />51,625.47
<br />$
<br />5,645.16
<br />$
<br />45,980.31
<br />$
<br />702,899.96
<br />19 02/13/2022
<br />$
<br />51,625.47
<br />$
<br />5,288.81
<br />$
<br />46,336.66
<br />$
<br />655,173.20
<br />20 05/13/2022
<br />$
<br />51,625.47
<br />$
<br />4,929.70
<br />$
<br />46,695.77
<br />$
<br />607,076.56
<br />21 08/13/2022
<br />$
<br />51,625.47
<br />$
<br />4,567.81
<br />$
<br />47,057.66
<br />$
<br />558,607.17
<br />22 11/13/2022
<br />$
<br />51,625.47
<br />$
<br />4,203.11
<br />$
<br />47,422.36
<br />$
<br />509,762.14
<br />23 02/13/2023
<br />$
<br />51,625.47
<br />$
<br />3,835.59
<br />$
<br />47,789.88
<br />$
<br />460,538.56
<br />24 05/13/2023
<br />$
<br />51,625.47
<br />$
<br />3,465.22
<br />$
<br />48,160.25
<br />$
<br />410,933.51
<br />25 08/13/2023
<br />$
<br />51,625.47
<br />$
<br />3,091.98
<br />$
<br />48,533.49
<br />$
<br />360,944.01
<br />26 11/13/2023
<br />$
<br />51,625.47
<br />$
<br />2,715.84
<br />$
<br />48,909.63
<br />$
<br />310,567.09
<br />27 02/13/2024
<br />$
<br />51,625.47
<br />$
<br />2,336.79
<br />$
<br />49,288.68
<br />$
<br />259,799.75
<br />28 05/13/2024
<br />$
<br />51,625.47
<br />$
<br />1,954.80
<br />$
<br />49,670.67
<br />$
<br />208,638.96
<br />29 08/13/2024
<br />$
<br />51,625.47
<br />$
<br />1,569.86
<br />$
<br />50,055.61
<br />$
<br />157,081.68
<br />30 11/13/2024
<br />$
<br />51,625.47
<br />$
<br />1,181.93
<br />$
<br />50,443.54
<br />$
<br />105,124.84
<br />31 02/13/2025
<br />$
<br />51,625.47
<br />$
<br />790.99
<br />$
<br />50,834.48
<br />$
<br />52,765.32
<br />32 05/13/2025
<br />$
<br />51.625.47
<br />$
<br />397.00
<br />.R
<br />51.92R.47
<br />S
<br />'Assumes that all rental payments and additional rentals due on and prior to that date have been paid.
<br />INTEREST RATE: 3.1000 % multiplied by the Margin Rate Factor.
<br />"Margin Rate Factor" means the greater of (i) 1.0 and (ii) product of (a) one minus the Maximum
<br />Federal Corporate Tax Rate newly in effect multiplied by (b) one divided by the sum of one minus the
<br />Maximum Federal Corporate Tax Rate as of the Commencement Date (which for the avoidance of doubt
<br />equals 1.53846). The effective date of any change in the Margin Rate Factor shall be the effective date of
<br />the decrease or increase (as applicable) in the Maximum Federal Corporate Tax Rate resulting in such
<br />change.
<br />"Maximum Federal Corporate Tax Rate" means the maximum rate of income taxation imposed
<br />on corporations pursuant to Section I I(b) of the Code, as in effect from time to time (or, if as a result of a
<br />change in the Code, the rate of income taxation imposed on corporations generally shall not be applicable
<br />to the Bank, the maximum statutory rate of federal income taxation which could apply to the Bank).
<br />5. COMMENCEMENT DATE: June 15, 2017
<br />6. SCHEDULED LEASE TERM: 8 years
<br />7. Lessee's Current Fiscal Year extends from July 1, 2016 to June 30, 2017.
<br />8. The terms and provisions of the Equipment Lease -Purchase Agreement described above (other than
<br />to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) are hereby
<br />incorporated into this Schedule by reference and made a part hereof.
<br />9. Lessee hereby represents, warrants, and covenants that (i) its representations, warranties, and
<br />covenants set forth in the Equipment Lease -Purchase Agreement (particularly Paragraph 20 thereof) are
<br />true and correct as though made on the date of execution of this Schedule, and (ii) sufficient funds have
<br />been appropriated by Lessee for the payment of all rental payments (if any) due tinder this Schedule during
<br />Lessee's Current Fiscal Year, which ends on June 30, 2016.
<br />10. Interest, if any, accruing from the Commencement Date to the actual date of funding shall be
<br />retained by Lessor as additional consideration for entering into this Schedule No. 01.
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