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

Important note: The Board Resolutions are as reported in the Board Meeting Transcripts, Minutes & Resolutions portion of ICANN's website. Only the words contained in the Resolutions themselves represent the official acts of the Board. The explanatory text provided through this database (including the summary, implementation actions, identification of related resolutions, and additional information) is an interpretation or an explanation that has no official authority and does not represent the purpose behind the Board actions, nor does any explanations or interpretations modify or override the Resolutions themselves. Resolutions can only be modified through further act of the ICANN Board.

2001-01-30 - Repayment of Loan


Resolution of the ICANN Board
Topic: 
Loan Repayment
Summary: 

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

Category: 
Administration and Budget
Meeting Date: 
周二, 30 一月 2001
Resolution Number: 
EC01.4
Status: 
Complete
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.