Franklin Ohio Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Franklin
• Control #: US-EG-9230
• Format: Word; Rich Text

Description

Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank, N.V. regarding the addition of a new person as a lender and to increase the amount available for borrowing dated March 29, 1999. 63 pages. The Franklin Ohio Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions agreed upon between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. This agreement serves as a framework for borrowing and lending activities and consolidates any amendments that have been made to previous credit agreements. Under this agreement, ADAC Laboratories, a prominent company based in Franklin, Ohio, can access credit facilities provided by a consortium of financial institutions. ABN AFRO Bank acts as the administrative agent, coordinating and overseeing the execution of the agreement. The primary purpose of the Franklin Ohio Amended and Restated Credit Agreement is to establish the terms, covenants, and conditions under which ADAC Laboratories can borrow funds from the financial institutions involved. These funds can be utilized for various purposes, such as working capital needs, capital expenditures, acquisitions, debt refinancing, or any other lawful corporate purposes. Key provisions of the agreement typically include the principal amount available for borrowing, interest rates, repayment terms, collateral requirements, events of default, and financial covenants. The financial covenants are designed to ensure the borrowing party maintains certain financial ratios and indicators, such as debt-to-equity ratio, minimum liquidity levels, or maximum leverage thresholds, to ensure the borrower's creditworthiness and ability to meet its financial obligations. The Franklin Ohio Amended and Restated Credit Agreement may also contain specific provisions addressing potential subtypes or tranches of credit facilities that can be accessed by ADAC Laboratories. These subtypes could include term loans, revolving credit facilities, letter of credit facilities, or any other credit instruments that suit the financial needs of the borrowing company. Additionally, the agreement may stipulate certain conditions precedent that ADAC Laboratories must satisfy before borrowing any funds, such as the submission of audited financial statements, compliance with legal and regulatory requirements, or the absence of any material adverse changes in the borrower's business operations. Overall, the Franklin Ohio Amended and Restated Credit Agreement serves as a comprehensive framework for the lending relationship between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. It ensures that the borrowing company has access to the necessary funds while establishing clear guidelines, responsibilities, and obligations for all parties involved.

The Franklin Ohio Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions agreed upon between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. This agreement serves as a framework for borrowing and lending activities and consolidates any amendments that have been made to previous credit agreements. Under this agreement, ADAC Laboratories, a prominent company based in Franklin, Ohio, can access credit facilities provided by a consortium of financial institutions. ABN AFRO Bank acts as the administrative agent, coordinating and overseeing the execution of the agreement. The primary purpose of the Franklin Ohio Amended and Restated Credit Agreement is to establish the terms, covenants, and conditions under which ADAC Laboratories can borrow funds from the financial institutions involved. These funds can be utilized for various purposes, such as working capital needs, capital expenditures, acquisitions, debt refinancing, or any other lawful corporate purposes. Key provisions of the agreement typically include the principal amount available for borrowing, interest rates, repayment terms, collateral requirements, events of default, and financial covenants. The financial covenants are designed to ensure the borrowing party maintains certain financial ratios and indicators, such as debt-to-equity ratio, minimum liquidity levels, or maximum leverage thresholds, to ensure the borrower's creditworthiness and ability to meet its financial obligations. The Franklin Ohio Amended and Restated Credit Agreement may also contain specific provisions addressing potential subtypes or tranches of credit facilities that can be accessed by ADAC Laboratories. These subtypes could include term loans, revolving credit facilities, letter of credit facilities, or any other credit instruments that suit the financial needs of the borrowing company. Additionally, the agreement may stipulate certain conditions precedent that ADAC Laboratories must satisfy before borrowing any funds, such as the submission of audited financial statements, compliance with legal and regulatory requirements, or the absence of any material adverse changes in the borrower's business operations. Overall, the Franklin Ohio Amended and Restated Credit Agreement serves as a comprehensive framework for the lending relationship between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. It ensures that the borrowing company has access to the necessary funds while establishing clear guidelines, responsibilities, and obligations for all parties involved.