EXHIBIT 10.2
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RURAL TELEPHONE Woodland Park
FINANCE 0000 Xxxxxxxxxxx Xxx
XXXXXXXXXXX Xxxxxxx, Xxxxxxxx 00000-0000
RTFC 000-000-0000
June 9, 1994
Xx. Xxxxxxxxx B. Prior, Jr.
President
Atlantic Tele-Network Company
Xxxx Xxxxxx Xxx 0000
Xx. Xxxxxx, X.X. Xxxxxx Xxxxxxx, 00000
Dear Xxxx:
Re: Fifth Amendment dated May 18, 1994 to Loan Agreement (VI502-A-9001)
As we discussed the enclosed documents are to be used instead of the Fifth
Amendment dated April 11, 1994. The enclosed amendment has a revised maturity
date of December 30, 2002 which is one quarter longer than the maturity date
contained in the Fifth Amendment dated April 11, 1994.
As was pointed out by Xxxxx Xxxxx, the amortization schedule attached as Exhibit
A to the Fifth Amendment dated April 11, 1994 contained an error with an
outstanding balance remaining on the stated maturity date. The amortization
schedule now includes a corrected payment amount for September 30, 2006 and a
final payment date of December 31, 2006. All other payments remain unchanged
from the original Exhibit A.
The documents have been signed for administrative convenience and are subject to
clearance by RTFC. Please return the executed documents and opinion of counsel
to my attention. If you have any question you may reach me at 1-800-(000-0000).
Sincerely,
/s/ Xxxxx X. Xxxxxx
-------------------
Xxxxx X. Xxxxxx
Senior Loan Analyst
cc: Xxxxx X. Xxxxx, P.C.
Providing Financing for Independent Rural Telephone Companies
and Cooperatives Nationwide
ATLANTIC TEL-NETWORK COMPANY
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PRINCIPAL OUTSTANDING
PAYMENT PRINCIPAL INTEREST PMTS ESTIMATED ESTIMATED PRINCIPAL
DUE AFTER DUE AFTER BASED ON 8.00% 6% VIR TOTAL PAYMENT DUE AFTER
QUARTER ADJUSTMENT 5/94 ADJUST. INTEREST RATE INTEREST RATE DUE PAYMENT
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Mar-94 861,032.34 485,608.51 $ 1,346,640.85 25,505,878.17
Jun-94 870,083.21 435,014.60 479,813.21 22,728.27 937,583.08 25,070,836.57
Sep-94 879,311.25 439,655.62 471,112.38 22,728.27 933,496.27 24,631,108.94
Dec-94 888,719.93 444,359.96 462,319.26 22,728.27 929,407.49 24,186,820.98
Mar-95 898,312.78 449,156.39 453,432.06 22,728.27 925,316.72 23,737,664.59
Jun-95 908,093.41 454,046.71 444,448.94 22,728.27 921,223.91 23,283,617.88
Sep-95 918,065.50 459,032.75 435,368.00 22,728.27 917,129.02 22,824,585.13
Dec-95 928,232.80 464,116.40 426,187.35 22,728.27 913,032.01 22,360,468.73
Mar-96 938,599.12 469,299.56 416,905.02 22,728.27 908,932.84 21,891,169.17
Jun-96 949,168.36 474,584.18 407,519.03 22,728.27 904,831.47 21,416,585.00
Sep-96 959,944.49 479,972.24 398,027.34 22,728.27 900,727.85 20,936,612.75
Dec-96 970,931.56 485,465.78 388,427.90 22,728.27 896,621.95 20,451,146.97
Mar-97 982,133.71 491,066.85 378,718.58 22,728.27 892,513.70 19,960,080.12
Jun-97 993,555.14 496,777.57 368,897.25 22,728.27 888,403.08 19,463,302.55
Sep-97 1,005,200.14 502,600.07 358,961.70 22,728.27 884,290.03 18,960,702.48
Dec-97 1,017,073.09 508,536.55 348,909.69 22,728.27 880,174.51 18,452,165.93
Mar-98 1,029,178.46 514,589.23 338,738.96 22,728.27 876,056.46 17,937,576.70
Jun-98 1,041,520.79 520,760.40 328,447.18 22,728.27 871,935.84 17,416,816.31
Sep-98 1,054,104.72 527,052.36 318,031.97 22,728.27 867,812.60 16,889,763.94
Dec-98 1,066,934.96 533,467.49 307,490.92 22,728.27 863,686.68 16,356,296.45
Mar-99 1,060,016.40 540,008.20 296,821.57 22,728.27 859,558.04 15,816,288.25
Jun-99 1,093,353.88 546,676.94 286,021.41 22,728.27 855,426.62 15,269,611.31
Sep-99 1,106,952.44 553,476.22 275,087.87 22,728.27 851,292.36 14,716,135.09
Dec-99 1,120,817.20 560,406.60 264,018.35 22,728.27 847,155.21 14,155,726.49
Mar-2000 1,134,953.36 567,476.66 252,810.17 22,728.27 843,015.12 13,588,249.81
Jun-2000 1,149,366.23 574,683.12 241,460.64 22,728.27 838,872.02 13,013,566.70
Sep-2000 1,164,061.24 582,030.62 229,966.96 22,728.27 834,725.86 12,431,536.06
Dec-2000 435,041.60 218,326.37 22,728.27 676,096.24 11,996,494.48
Mar-2001 439,655.62 209,625.53 22,728.27 672,009.42 11,556,838.85
Jun-2001 444,359.96 200,832.42 22,728.27 667,920.65 11,112,478.89
Sep-2001 449,156.39 191,945.22 22,728.27 663,829.88 10,663,322.50
Dec-2001 454,046.71 182,962.09 22,728.27 659,737.07 10,209,275.79
Mar-2002 459,032.75 173,881.16 22,728.27 655,642.18 9,750,243.04
Jun-2002 464,116.40 164,700.51 22,728.27 651,545.17 9,286,126.64
Sep-2002 469,299.56 155,418.18 22,728.27 647,446.00 8,816,827.09
Dec-2002 474,584.18 146,032.19 22,728.27 643,344.63 8,342,242.91
Mar-2003 479,972.24 136,540.50 22,728.27 639,241.01 7,862,270.66
Jun-2003 485,465.78 126,941.06 22,728.27 635,135.11 7,376,804.88
Sep-2003 491,066.85 117,231.74 22,728.27 631,026.86 6,885,738.03
Dec-2003 496,777.57 107,410.40 22,728.27 626,916.24 6,388,960.46
Mar-2004 502,600.07 97,474.85 22,728.27 622,803.19 5,886,360.39
Jun-2004 506,536.55 87,422.85 22,728.27 618,687.67 5,377,823.84
Sep-2004 514,589.23 77,252.12 22,728.27 614,589.62 4,863,234.61
Dec-2004 520,760.40 66,960.34 22,728.27 610,449.00 4,342,474.22
Mar-2005 527,052.36 56,545.13 22,728.27 606,325.76 3,815,421.86
Jun-2005 533,467.49 46,004.06 22,728.27 602,199.84 3,261,954.36
Sep-2005 540,006.20 35,334.73 22,728.27 596,071.20 2,741,946.16
Dec-2005 546,676.94 24,534.57 22,728.27 593,939.77 2,195,269.22
Mar-2006 553,476.22 13,601.03 22,728.27 589,805.52 1,641,793.00
Jun-2006 560,406.60 2,531.50 22,728.27 585,668.37 1,081,384.40
Sep-2006 567,476.68 0.00 22,728.27 590,204.95 513,907.73
Dec-2006 513,907.73 0.00 22,728.27 536,636.00 (0.00)
Mar-2007 0.00 0.00 0.00 0.00 0.00
Jun-2007 0.00 0.00 0.00 0.00 0.00
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TOTAL $25,505,878.17 $13,540,040.12 $1,159,141.60 $41,909,540.80 $1,389,529,302.24
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