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2020-09-01_GENERAL DOCUMENTS - C1980004 (4)
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2020-09-01_GENERAL DOCUMENTS - C1980004 (4)
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Last modified
9/16/2020 8:00:04 AM
Creation date
9/1/2020 10:07:25 AM
Metadata
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Template:
DRMS Permit Index
Permit No
C1980004
IBM Index Class Name
General Documents
Doc Date
9/1/2020
Doc Name Note
Case No. 20-12043 (GRH) Hopedale Mining LLC
Doc Name
Bankruptcy Notice
From
Law offices of Shelton , Branham & Halbert, PLLC
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
JRS
JDM
GRM
CMM
CCW
Media Type
D
Archive
No
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Attachment D <br />Should Rhino wish to pay FGX off early for the FGX-18A, the following is an <br />example of how the transaction would be treated. The remaining payments owed <br />would not contain Interest and be $49,219.00 each. <br />Per sales agreement, Rhino is responsible for 4 payments of $56,602.00 each <br />(includes interest) constituting the down payment with 2 payments upon placing <br />the order and another 2 payments when the unit is ready to ship from the factory <br />in Tangshan City, China. This leaves 20 remaining monthly payments of <br />$56,602.00 beginning on the commissioning date of the plant. <br />Example: if Rhino wanted to pay off after making 10 monthly installment <br />payments of $56,602 (Regular Payment), the remaining 10 Payments would be at <br />a discounted rate of $49,219.00 each, multiplied by the 10 remaining months for <br />a total amount due of $492,190.00. <br />
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