- Category: Administration and Budget
- Topic: Loan Repayment
- Board meeting date: 30 January 2001
- Resolution number: EC01.4
- URL for Board minutes/resolution: http://www.icann.org/en/minutes/prelim-report-30jan01.htm
- Status: Completed
Summary
Board authorizes President to disburse funds in full repayment of loan.
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.
Implementation Actions
- Disburse funds to repay loan.
- Responsible entity: President
- Due date: 2 February 2001
- Completion date: 2 February 2001
Other Related Resolutions
- TBD
Additional Information
- The resolution does not address funding for the items identified therein.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.
