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Entity Present Amount Pro Rata Share
<br />Delta Count $132,144 2.90%
<br />Lamar Count 1,426,813 31.29
<br />City of Paris 1,426,813 31.29
<br />Paris EDC 1,426,813 31.29
<br />Cit of Coo er 147,600 3.23
<br />Total 4,560,183 100.00%
<br />�1� De(ta County's cash contribution does not reflect the $745,125 federal participation earmark for the Participants'
<br />total share of Project costs of $5,305,308.
<br />(b) The Participants agree that if the rights-of-way acquisition and utility relocation
<br />costs relating to the Project are more than the cash contribution, investment earnings, or proceeds
<br />of the SIB Loans, the Participants shall comply with the provisions of Section 2 hereof
<br />concerning their additional pecuniary obligation to the Authority based on the following table.
<br />(See Table below for Percentages of Pro Rata Share of Costs):
<br />Entity Present Amount Pro Rata Share
<br />Delta County $132,144 2.90%
<br />Lamar Count 1,426,813 3 L29
<br />City of Paris 1,426,813 31.29
<br />Paris EDC 1,426,813 31.29
<br />Cit of Coo er 147,600 3.23
<br />Total 4,560,183 100.00%
<br />��� Delta County's cash contribution does not reflect the $745,125 federal participation earmark for the Participants'
<br />total share of Project costs of $5,305,308.
<br />2.8 Each of the Participants expressly recognizes that the only source of funds that the
<br />Authority has to repay the SIB Loan Agreements (recognizing the initial cash contribution from
<br />Delta and Paris EDC) are the required annual payments that Lamar, Paris, and Cooper, are
<br />required to make pursuant to the provisions of this Agreement. As such, Lamar, Paris, and
<br />Cooper obligate themselves to transfer their required debt service payments to the appropriate
<br />depository account of the Authority not later than the March 29th before the scheduled debt
<br />service payments outlined in the SIB Loan Agreements on June 29th, as appropriate. Each of the
<br />SIB Loan Participants represents that federal funds will not be used to make payments due to the
<br />Authority hereunder.
<br />SECTION 3: No Cross Defaults. The Department, the Authority, and the Participants
<br />each expressly recognize that the Department cannot force, either legally, equitably, or
<br />administratively, a cross default upon any Participant should any Participant fail to honor its
<br />pecuniary obligation as set forth in this Agreement andlor the SIB Loan Agreements. Each
<br />Participant's initial cash contribution or amortized portion of the SIB Loan Agreements is set
<br />forth in Section 2 of this Agreement and the Participants have been advised by the Authority's
<br />engineers that this pecuniary obligation should not exceed $5,305,308.00 being the anticipated
<br />total federal participation, cash contribution, and local participation with respect to the Project
<br />and other Authority's costs; provided, however, each Participant hereby acknowledges that
<br />should the costs of rights-of-way acquisition and utility relocation for the Project exceed the
<br />95422970.15 ' 6 '
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