Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages The Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legally binding contract that outlines the terms and conditions of credit facilities extended to Unilab Corp by the participating lenders. This agreement serves as a framework for the company's borrowing activities in the state of Texas and ensures clarity and consistency in the lending process. The Texas Credit Agreement is designed to meet the specific financial needs of Unilab Corp, providing it with access to capital for various purposes, such as business expansion, working capital, refinancing existing debt, or funding strategic initiatives. The agreement sets out the maximum amount that can be borrowed, the interest rates applicable, repayment terms, and other key provisions. One of the distinct types of credit facilities that may be outlined in the Texas Credit Agreement is a revolving credit facility. This type of facility enables Unilab Corp to borrow funds up to a predetermined limit on an ongoing basis, repay the borrowed amount, and borrow again within the specified period. Revolving credit provides the company with flexibility and liquidity to manage its short-term financing needs efficiently. Another type of credit facility that may be included in the Texas Credit Agreement is a term loan facility. Unlike a revolving credit facility, a term loan provides Unilab Corp with a lump-sum advance of funds, which is repaid over a set period with scheduled installments. Term loans are often used for long-term investments, such as equipment purchases or capital expenditure projects. The Texas Credit Agreement may also feature other types of credit facilities tailored to the specific requirements of Unilab Corp. These could include bridge loans, asset-based lending, syndicated loans, or any other financing arrangements that the company and the lenders deem appropriate. Within the Texas Credit Agreement, various keywords and phrases are crucial for understanding the terms and conditions. These may include keywords such as "borrower," "lenders," "credit facilities," "interest rates," "repayment terms," "principal amount," "borrowing base," "maturity date," "covenant compliance," "events of default," "security interests," and "guarantors," among others. Understanding these keywords is vital for interpreting the agreement correctly and ensuring compliance with its provisions. Overall, the Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp provides a detailed and comprehensive framework for the financial relationship between the company and its lenders. It enables Unilab Corp to access the necessary capital to support its business operations and growth objectives while ensuring the lenders' protection through clearly defined terms and conditions.

The Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legally binding contract that outlines the terms and conditions of credit facilities extended to Unilab Corp by the participating lenders. This agreement serves as a framework for the company's borrowing activities in the state of Texas and ensures clarity and consistency in the lending process. The Texas Credit Agreement is designed to meet the specific financial needs of Unilab Corp, providing it with access to capital for various purposes, such as business expansion, working capital, refinancing existing debt, or funding strategic initiatives. The agreement sets out the maximum amount that can be borrowed, the interest rates applicable, repayment terms, and other key provisions. One of the distinct types of credit facilities that may be outlined in the Texas Credit Agreement is a revolving credit facility. This type of facility enables Unilab Corp to borrow funds up to a predetermined limit on an ongoing basis, repay the borrowed amount, and borrow again within the specified period. Revolving credit provides the company with flexibility and liquidity to manage its short-term financing needs efficiently. Another type of credit facility that may be included in the Texas Credit Agreement is a term loan facility. Unlike a revolving credit facility, a term loan provides Unilab Corp with a lump-sum advance of funds, which is repaid over a set period with scheduled installments. Term loans are often used for long-term investments, such as equipment purchases or capital expenditure projects. The Texas Credit Agreement may also feature other types of credit facilities tailored to the specific requirements of Unilab Corp. These could include bridge loans, asset-based lending, syndicated loans, or any other financing arrangements that the company and the lenders deem appropriate. Within the Texas Credit Agreement, various keywords and phrases are crucial for understanding the terms and conditions. These may include keywords such as "borrower," "lenders," "credit facilities," "interest rates," "repayment terms," "principal amount," "borrowing base," "maturity date," "covenant compliance," "events of default," "security interests," and "guarantors," among others. Understanding these keywords is vital for interpreting the agreement correctly and ensuring compliance with its provisions. Overall, the Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp provides a detailed and comprehensive framework for the financial relationship between the company and its lenders. It enables Unilab Corp to access the necessary capital to support its business operations and growth objectives while ensuring the lenders' protection through clearly defined terms and conditions.