HomeMy WebLinkAboutDisbursement Instr-Piana Equip/Meridian Music $64,890 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 Piano
Equipment installment purchase contract
Invoice 51167(Meridian Music) March 2011 $ 64,890.00
Total Authorized Disbursement Ø$ 64'890 OO r `r+�rYy E � '43
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 Bank and Carmel Theater Development Company, LLC.
Dated: 3/4/1 CITY OF CARMEL REDEVELOPMENT
COMMISSION
By: 3/5 -._
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.
�i= � Number: 51167
® V
,� ti�,, '`,; ; ¢ ;. Date: Mar 1, 2011 ift1 Payment Terms Salesperson
7
- MrC•a._.°'. Net Due House
12725 OLD MERIDIAN STREET Customer ID Customer PO
CARMEL, IN 46032
(317)575-9588 Fax(317)575-9727 CARTHE
Bill To: Ship To:
Carmel Theater Development Co. LLC The Palladium
c/o Jeff Sporleder 777 3rd Ave SW
11711 N. Pennsylvania, Ste 200 Carmel , IN 46032
Carmel, IN 46032
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1 Steinway Grand Piano 64, 890 . 00 64, 890 . 00
Model A
Finish: SE
Serial Number: 586658
Delivery Date : delivered 1/26/2011
Subtotal 64, 890 . 00
Sales Tax
Deposit
TOTAL 64, 890 . 00