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following demand. Interest accrued at a 7-percent annual rate
and was due on September 22, 1995, and on the same day of each
year thereafter. The proceeds of the loan were distributed in
the form of a check (#2402) from HL to Dart drawn on HL’s account
with Havre.
On September 15, 1995, Dart lent $4.4 million to Mr. Oren.
Mr. Oren executed a note which provided that principal was due
375 days following demand. Interest accrued at a 7-percent
annual rate and was due on September 15, 1996, and on the same
day of each year thereafter. The proceeds of the loan were
distributed in the form of a check (#164603) from Dart to Mr.
Oren drawn on Dart’s account with Havre.
On September 27, 1995, Mr. Oren lent $4.5 million to HL. HL
executed a note which provided that principal was due 375 days
following demand. Interest accrued at a 7-percent annual rate
and was due on September 27, 1996, and on the same day of each
year thereafter. The proceeds of the loan were distributed in
the form of a check (#3066) from Mr. Oren to HL drawn on Mr.
Oren’s Fidelity account.
On September 27, 1995, HL lent $4.5 million to Dart. Dart
executed a note which provided that principal was due 375 days
following demand. Interest accrued at a 7-percent annual rate
and was due on September 27, 1996, and on the same day of each
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