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The documents give us a choice between paying the Remaining Purchase Amount Refund Amount ($5.099 million) to the LLC or paying the GE Accelerated Payment ($?) to GE. As you know cash is extremely tight at the moment - have we done all we can to negotiate a lower payoff amount with GE? The Remaining Purchase Amount Refund Amount allows us to deduct interest, a benefit of ~2.24%. Can GE give us any discount in excess of 2.24%? If so, we should opt for the GE Accelerated Payment. We can discuss this further tomorrow.
-Catherine x3-9943 -----Original Message----- From: Jacoby, Ben Sent: Wednesday, November 14, 2001 5:58 PM To: Mann, Kay; Booth, Chris; Clark, Catherine Subject: Northwestern Mike Young from NW called to advise me that they received GE's consent. NW plans to send us notice of this tomorrow. I believe this will trigger our obligation to pay NW the balance of payments we hold, discounted at 7.5 % p.a. I believe this means that we will need to pay NW $5.1 million of the $5.2 million we have been prepaid. Let's talk about this in the AM.
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