ICANN Resolutions » 2001-01-30 - Repayment of Loan

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2001-01-30 - Repayment of Loan

Resolution of the ICANN Board
Loan Repayment

Board authorizes President to disburse funds in full repayment of loan.

Administration and Budget
Meeting Date: 
Tue, 30 Jan 2001
Resolution Number: 
Implementation Actions: 
  • Disburse funds to repay loan.
    • Responsible entity: President
    • Due date: 2 February 2001
    • Completion date: 2 February 2001
Resolution Text: 

Whereas, Cisco Systems, Inc. has loaned the Corporation a principal amount of US$150,000, which will be due for repayment on 2 February 2001;

Whereas, the principal due for repayment is US$150,000 and the unpaid interest that will be accrued through 2 February 2001 is US$4,875;

IT IS THEREFORE RESOLVED [EC01.4], that the President is authorized to disburse US$154,875 to Cisco Systems, Inc. in full repayment of the loan.

Additional Information: 
  • The resolution does not address funding for the items identified therein.