ICANN Resolutions » 2001-01-30 - Repayment of Loan
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Board authorizes President to disburse funds in full repayment of loan.
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.