Exhibit 10.167
Schedule No. 3
Schedule of Indebtedness and Collateral
To Master Security Agreement dated 4/5/00, between the undersigned Secured Party
and Debtor.
This Schedule of Indebtedness and Collateral incorporates the terms and
conditions of the above-referenced Master Security Agreement.
This is Originally Executed Copy No. 1 of 1 originally executed copies. Only
transfer of possession by Secured Party of Originally Executed Copy No. 1 shall
be effective for purposes of perfecting an interest in this Schedule by
possession.
The equipment listed on this Schedule will be located at:
0000 Xxxx Xxxxxxxx Xxxx, Xxx. 000 Xxx Xxxxx XX 00000
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Address City State Zip Code
Debtor grants to Secured Party a security interest in the property described
below, along with all present and future attachments and accessories thereto and
replacements and proceeds thereof, including amounts payable under any insurance
policy, all hereinafter referred to collectively as "Collateral".
Collateral Description (Describe Collateral fully including make, kind of unit,
model and serial numbers and any other pertinent information.)
See Schedule "A" consisting of 2 pages attached hereto and made a part hereof.
2095A (8/00) Schedule of Indebtedness and Collateral -
Precomputed Interest: Fixed Rate
Attach to Master Security Agreement 2094. Page 1 of 2
Debtor promises to pay Secured Party the total sum of $918,524.16 which
represents principal and interest precomputed over the term hereof, payable in
36 (total number) combined principal and interest payments of $25,514.56 each
commencing on 2/18/02 and a like sum on a like date each month thereafter until
fully paid, provided however, that the final payment shall be in the amount of
the unpaid balance and interest. Payment shall be made at the address of Secured
Party shown on the Master Security Agreement or such other place as Secured
Party may designate from time to time.
Special Provisions
If this Schedule is prepaid prior to the date provided for repayment, the Debtor
agrees to pay the following fees: During the first loan year - NO PREPAYMENT
ALLOWED; during the second loan year - 5% of the then unpaid balance; during the
third loan year - 4% of the then unpaid balance.
Accepted 1/16/02
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Secured Party:
THE CIT GROUP/EQUIPMENT FINANCING, INC.
By /s/ ILLEGIBLE Title ILLEGIBLE
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Executed on
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Debtor: 1/16/02
Ready Mix, Inc.
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Name of individual, corporation or partnership
By /s/ XXXXXXX X. XXXXXX Title Vice President
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2095A (8/00) Schedule of Indebtedness and Collateral -
Precomputed Interest: Fixed Rate
Attach to Master Security Agreement 2094. Page 2 of 2
SCHEDULE "A"
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Attached to and made a part of Schedule of Indebtedness and Collateral No. 3
dated 1-16-02, to Master Security Agreement dated 4-5-00, between Ready Mix,
Inc. as Debtor and The CIT Group/Equipment Financing, Inc. as Secured Party.
One (1) 0000 XXX Xxxxx, X0000 XXX, XXX: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43133-09079
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43132-09078
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43147-09086
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43145-09084
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43168-09098
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXXXXX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43178-09101
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43165-09095
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42938-08979
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42873-08955
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42940-08981
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43101-09063
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42877-08956
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42868-08952
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42854-08946
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43042-09033
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42928-08975
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42919-08971
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43026-09024
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42920-08972
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43087-09049
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 43077-09048
One (1) 1997 IHC Truck, F5070 SFA, VIN: 0XXXXXXX0XX000000, with 11.0 Yard
Bridgemaster III Mixer, S/N: 42872-08954
And tires, wheels, additions, substitutions, attachments, replacements and
accessions thereof, plus the proceeds of all the foregoing.
Debtor: Secured Party:
READY MIX, INC. THE CIT GROUP/EQUIPMENT
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FINANCING, INC.
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By: /s/ XXXXXXX X. XXXXXX By:
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Title: Vice President Title:
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Date
THE CITY GROUP/EQUIPMENT FINANCING, INC.
X.X. Xxx 00000
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Address
Tempe AZ 85285-7248
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City State Zip Code
Gentlemen:
You are irrevocably instructed to disburse the proceeds of your loan to us,
evidenced by the Schedule of Indebtedness No. _____ dated 1-16-02, To Master
Security Agreement dated 4-5-00 as follows:
Payee Names and Addresses Amount
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1st Capital Group $ 452,672.89
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US Bankcorp. $ 374,451.69
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The CIT Group/Equipment Financing, Inc (Non Refundable Processing Fee) $ 3,500.00
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$
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$
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$
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$
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Total Proceeds $ 830,624.58
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Very truly yours,
Ready Mix, Inc.
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By /s/ XXXXXXX X. XXXXXX Title Vice President
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1770 (11/98) Pay Proceeds Letter Page 1 of 1
