Lowell L. and Marilyn A. Robertson - Page 7




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             to Systems in the principal amount of $4,253,000 (Trust                  
             Note) that bore interest at the rate of 16� percent per                  
             annum compounded quarterly and was secured by a security                 
             interest in favor of seller in the rents from the master                 
             leases and the equipment.  The Trust Note required payment               
             of interest only for each of the first 4 quarters, in                    
             arrears in the amount of $168,942.50 per quarter, and pay-               
             ment in the amount of $260,781.95 for each of the remaining              
             28 quarters.                                                             
                  As mentioned above, each payment due from the Trust                 
             under the Trust Note was exactly offset by the aggregate                 
             quarterly payments of fixed rent that the Trust was                      
             entitled to receive from Equilease under the master leases.              
             The Investment Memorandum states as follows:                             

                       The term of each [Master] Lease coincides                      
                  with the term of the Trust Note.  Payment of                        
                  fixed rent under each Lease will be due quarterly                   
                  in arrears commencing with the end of the first                     
                  quarter following the Closing and thereafter on                     
                  the last day of the calendar quarter to which                       
                  each such payment relates, and, if paid, all such                   
                  payments will be sufficient to pay the quarterly                    
                  installments under the Trust Note as and when                       
                  due.  Any distributable cash flow to the Trust                      
                  will be dependent on the re-leasing of the                          
                  Equipment after the expiration of the initial                       
                  term of the User Leases, although the fixed rent                    
                  payments during that time, if paid, will be                         
                  sufficient to pay all installments on the Trust                     
                  Note as and when due.                                               








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