Payoff Statement between New Ulm Telecom, Inc. and CoBank, ACB dated December 22, 2006

Summary

This document is a payoff statement from CoBank, ACB to New Ulm Telecom, Inc., detailing the total amount required to fully pay off a loan as of December 22, 2006. The statement lists the principal balance, accrued interest, fees, and confirms there is no prepayment penalty if paid by the specified date. The total amount due is $7,520,062.90. The payoff quote is only valid through the stated date, and additional fees may apply if services continue or payment is delayed.

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EX-10.1 2 nutele065031_ex10-1.htm PAYOFF STATEMENT WITH COBANK, ACB Exhibit 10.1 to New Ulm Telecom, Inc. Form 8-K dated December 22, 2006

EXHIBIT 10-1

 

Fax Information

 

December 22, 2006

No. of Pages

 

 

To:

From

 

 

Co.:

Co.

CoBank

 

Fax #:

Phone #

1 ###-###-####

 

 

 

 

 

 

                 
Payoff Statement
Calculation Date:   December 22, 2006     Payoff Date:   December 22, 2006     Relationship Manager
ROGER OPP 		   
 
ULM TELECOM          00013301    

Agreement # Obligation Number Principal Balance Accrued Interest Basis Interest Rate Per Diem Prepayment
Penalties
 
ML0788T2     001282354     $ 7,500,000.00   $ 16,182.32   360      6.9600%   $ 1,450.00        
 
 
Total:        $ 7,500,000.00   $ 16,182.32            $ 1,450.00   $ 0.00  
   

Summary

Principal Due:     $ 7,500,000.00   ACH Customer        
Accrued Int to today:     $ 16,182.32  
Interest to Payoff Date:     $ 0.00   Yes                                        No    
Prepayment Penalty: **     $ 0.00  
Cash Manager Fees
(Current Month) 		   
 
Cash Manager Fees
(Prior Month Due) 		   
Unadvanced
Commitment Fee 		    $ 3,864.58  
Wire Fees     $ 16.00  
 
 
Total Due: December 22, 2006     $ 7,520,062.90   Total Per Diem     $ 1,450.00  
   
 
 

NOTE:   This payoff quote is valid only through the payoff date shown above.
Furthermore, to the extent that you continue to use CoBank Cash Manager services, additional fees may apply.

 

** Prepayment penalties noted on this payoff statement are valid for the calculation date only, and will have to be recalculated if collected funds are not received on the date of calculation.

 

For questions, please contact CoBank Customer Service at ###-###-####. Our regular business hours are 6:30 a.m. to 4:00 p.m. Mountain Time.
Funds must be received by 4:00 p.m. Mountain Time for same day credit.