Legal Proceedings

EX-10.225 20 p67539exv10w225.txt EX-10.225 EXHIBIT 10.225 CIT Equipment Financing 1540 West Fountainhead Parkway Tempe, AZ 85282 [CIT] Logo NOTICE OF ASSIGNMENT Ken Nelson Ready Mix, Inc. 3430 East Flamingo Road Suite 100 Las Vegas, NV 89121-5018 ###-###-#### RE: Equipment Schedule 2, dated June 20, 2000 to Master Lease Agreement dated June 20, 2000 between Ready Mix, Inc.(Lessee)and The CIT Group/Equipment Financing, Inc.,(Lessor) attached hereto and made a part hereof (collectively the "Agreement") Dear Mr. Nelson: This will serve as notice to you that The CIT Group/Equipment Financing, Inc.("CIT") has sold and assigned its interest in the above Agreement to General Electric Capital Corporation(GE Capital) Effective immediately, GE. Capital is entitled to all of the rights of CIT under the Agreement and all future payments are to be made to GE Capital, with respect to the Agreement without offset, deduction, defense, abatement, deferment or diminution. From this date forward, any and all notices or instructions relating to the Agreement, shall not be valid unless signed by GE Capital, and all payments relating to the Agreement shall be made directly to GE Capital at the following address(or such address as GE Capital may specify to you in writing): GENERAL ELECTRIC CAPITAL CORPORATION COMMERCIAL EQUIPMENT FINANCING 44 OLD RIDGEBURY ROAD DANBURY, CT 06810 ###-###-#### This Notice may not be revoked or amended except by in writing signed by GE Capital Sincerely, The CIT Group/Equipment Financing, Inc. By: /s/ Richard Johnson ----------------------------------- Title: Richard Johnson Vice President -------------------------------- CIT ACCOUNT #: 00108640