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<br />EXHIBIT C <br />SCHEDULE OF PAYMENTS <br /> <br />Date: July 29. 1998 <br /> <br />Agreement No. 980729 <br /> <br />THIS SCHEDULE is issued pursuant to the Equipment Lease/Purchase Agreement dated as of Julv 29. 1998, (the <br />"Agreement") between the parties to the Agreement to authorize installation of the Equipment listed herein. All terms <br />used herein have the meanings ascribed to them in the Agreement. <br /> <br />A. Payments. The payments required under the Agreement for the Equipment designated on this Schedule are <br />$1.971.23 beginning August 1. 1998, and continuing the 15t day of each month thereafter for the duration of the lease <br />term (the "Agreement Payment Period"). The payments required under this Schedule are,.made up of the total <br />purchase price to the City of Paris of .$103.310.30 and deferred interest charges to maturity of $14.963.50 for a total <br />Agreement price of $118.273.80. <br /> <br />,I <br /> <br />B. Deferred interest to maturity. Deferred interest charges to maturity as set forth herein consist of services and other <br />charges, plus interest at the annual rate of 5.65% on the sum of the aforementioned service charges and other charges <br />and the Equipment purchase price. <br /> <br />C. Late payments. There will be a charge of 1.00% per month based on the amount of any late payments from the due <br />date thereof until paid. <br /> <br />jI' <br /> <br />D. Fiscal year. The fiscal year of the undersigned Lessee is from October 151 to September 301h. <br /> <br />E. Prepayment and purchase schedule. The purchase price as provided in the Agreement is as follows (to be prorated <br />for dates not specified). <br /> <br />Period <br /> <br />The Purchase Price Amount as <br />of End of that Period is: <br /> <br />Original Term: 08/01/98 through 09/30/98 <br />Renewal term 1 1 % 1/98 through 09/30/99 <br />Renewal term 2 1 % 1/99 through 09/30/00 <br />Renewal term 3 10/01/00 through 09/30/01 <br />Renewal term 4 1 % 1/0 1 through 09/30/02 <br />Renewal term 5 1 % 1/02 through 09/30/03 <br /> <br />$ 99,844.98 <br />81,357.57 <br />61,798.17 <br />41,104.60 <br />!! 19,211.07 <br />0.00 <br /> <br />F. Insurance. The Lessee hereby confirms that it has obtained the insurance coverage required by Section 7 of the <br />Agreement and it covenants and agrees that such coverage shall be maintained in accordance with the terms and <br />conditions of the Agreement. <br /> <br />II <br /> <br />,I' <br /> <br />" <br /> <br />" <br />~~ <br /> <br />)1 <br /> <br />" <br />JI <br /> <br />1 <br />