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HomeMy WebLinkAboutProfessional Audio Designs - $510.00 • Regions Bank hereby is instructed to make a disbursement of Loan Proceeds from the Borrower Loan Account to (or for the account of) Borrower in: (a) the amount of the "Total Authorized Disbursement" line in the "Amount of Authorized Disbursement" column below; and (b) accordance with the terms and conditions of the Agreement, the other Loan Documents, and the Disbursement Instructions. Purpose of Authorized Disbursement Amount of Authorized Disbursement Amount to be paid by Carmel Theater Development Company as per the Tarkington Equipment installment purchase contract • Invoice 6948(Professional Audio Designs) June 2012 $ 510.00 Total Authorized Disbursement $ 510.00 All terms used in these Disbursement Instructions without definition shall have the meanings ascribed thereto in that certain Loan Agreement (Equipment and Improvements), dated July 22, 2010, by and between Regions B nk and Carmel Theater Development Company, LLC. Dated: 7 /o (2 CITY OF CARMEL REDEVELOPMENT COMMISSION By: Les S. Olds Printed: Executive Director Title: It is acknowledged and agreed by the parties that CRC has reserved the right to require, as a condition of authorizing disbursement of Loan Proceeds from the Borrower Loan Account to (or for the account of) Borrower: (a) completion of a satisfactory inspection by CRC of the portions of the Equipment and/or the Improvements to which the disbursement relates; and (b) receipt of customary submittals. Professional Audio Designs Inc Invoice 11707B W. Dearbourn Ave Date Invoice# Wauwatosa, WI 53226 414.476.1011 6/24/2012 6948 Bill To Carmel Theater Developement Corp.,LLC 11711 N.Pennsylvania St. Suite 200 Carmel,IN P.O. No. Terms Project Mike Anderson Net 30 Quantity Description Rate Amount 4 ProCo EC2-25 85.00 340.00 I ProCo EC2-75 170.00 170.00 Replacements for EC 10 cables ordered in error Credit to be issued upon return of EC10 cables Total $510.00