Amount and Purpose. For the purpose of furnishing telephone service in rural areas, the Government shall lend and the Borrower shall borrow an amount not in excess of $5,376,000, which, together with the sum of $80,465 (hereinafter called the "equity funds"), to be deposited by the Borrower in the "Special Construction Account" hereinafter defined and provided for in section 2.4, shall be used to finance, pursuant to the provisions of the Act, the acquisition, construction and operation of telephone lines and facilities (hereinafter called the "Project"), to serve a total of approximately 4,722 subscribers, and to be located in the Counties of Clay, Hutchinson, Lincoln, Minnehaha, McCook, Turner, Union and Yankton, and in counties contiguous thereto, all in the State of South Dakota.
Appears in 1 contract
Samples: Telephone Loan Contract (Dakota Cooperative Telecommunications Inc)
Amount and Purpose. For the purpose of furnishing telephone service in rural areas, the Government shall lend and the Borrower shall borrow an amount not in excess of $5,376,0002,639,000, which, together with the sum of $80,465 (hereinafter called the "equity funds"), to be deposited by the Borrower in the "Special Construction Account" hereinafter defined and provided for in section 2.4, shall be used to finance, pursuant to the provisions of the Act, the acquisition, construction and operation of telephone lines and facilities (hereinafter called the "Project"), to serve a total of approximately 4,722 4,270 subscribers, and to be located in the Counties of Clay, Hutchinson, Lincoln, Minnehaha, McCook, Turner, Union and Yankton, and in counties contiguous thereto, all in the State of South Dakota.
Appears in 1 contract
Samples: Telephone Loan Contract (Dakota Cooperative Telecommunications Inc)
Amount and Purpose. For the purpose of furnishing telephone service in rural areas, the Government shall lend and the Borrower shall borrow an amount not in excess of $5,376,0005,915,000, which, together with the sum of $80,465 (hereinafter called the "equity funds"), to be deposited by the Borrower in the "Special Construction Account" hereinafter defined and provided for in section 2.4, shall be used to finance, pursuant to the provisions of the Act, the acquisition, construction and operation of telephone lines and facilities (hereinafter called the "Project"), to serve a total of approximately 4,722 5,065 subscribers, and to be located in the Counties of Clay, Hutchinson, Lincoln, Minnehaha, McCook, Turner, Union and Yankton, and in counties contiguous thereto, all in the State of South Dakota.
Appears in 1 contract
Samples: Telephone Loan Contract (Dakota Cooperative Telecommunications Inc)
Amount and Purpose. For the purpose of furnishing telephone service in rural areas, the Government shall lend and the Borrower shall borrow an amount not in excess of $5,376,0003,726,000, which, together with the sum of $80,465 (hereinafter called the "equity funds"), to be deposited by the Borrower in the "Special Construction Account" hereinafter defined and provided for in section 2.4, shall be used to finance, pursuant to the provisions of the Act, the acquisition, construction and operation of telephone lines and facilities (hereinafter called the "Project"), to serve a total of approximately 4,722 4,285 subscribers, and to be located in the Counties of Clay, Hutchinson, Lincoln, Minnehaha, McCook, Turner, Union and Yankton, and in counties contiguous thereto, all in the State of South Dakota.
Appears in 1 contract
Samples: Telephone Loan Contract (Dakota Cooperative Telecommunications Inc)