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of $35,690 that were due from January 1, 1983, through December
1, 1989) matched F.S. Venture’s monthly payment obligations owed
to F/S Computer under F.S. Venture's promissory note to F/S
Computer.
In connection with Petunia’s purchase of the computer
equipment from F.S. Venture, F.S. Venture assigned its rights
against F/S Computer under the Commitment Agreement to Petunia.
Further, on June 30, 1980, MHLC, F/S Computer, F.S. Venture,
and Petunia entered into a separate side agreement (Side
Agreement) that expressly provided that Petunia and the partners
of Petunia had no liability whatsoever with regard to MHLC’s
$1,868,657 recourse loan that was made to Alanthus and that was
assumed by F/S Computer. The Side Agreement expressly provided
as follows:
* * * [MHLC] agrees that * * * [Petunia] has no
personal liability whatsoever for payment of the
amounts due under * * * [the loan from MHLC to
Alanthus] or [for] satisfaction of * * * [Alanthus']
obligations thereunder. * * *
Leaseback Transaction to F/S Computer
Simultaneous with the above three sale transactions and with
the other agreements that were entered into on June 30, 1980,
Petunia leased the computer equipment back to F/S Computer for a
term of 9� years beginning on June 30, 1980, and ending on
December 31, 1989. Under the leaseback transaction, F/S
Computer’s monthly rent payments of $9,938 that were payable to
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