Hillsborough Florida Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Amended and Restated Credit Agreement is a legally binding contract between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. This agreement outlines the terms and conditions regarding a credit line that ADAC Laboratories can access from the participating financial institutions, with ABN AFRO Bank acting as the administrative agent. This credit agreement serves as a tool for ADAC Laboratories to secure necessary funds to support its business operations, including investments, working capital, and other financial needs. By establishing this agreement, ADAC Laboratories gains a reliable and flexible source of credit, which can be crucial for its growth and stability. Key components of the Hillsborough Florida Amended and Restated Credit Agreement include the loan amount available to ADAC Laboratories, the interest rate charged on the borrowed funds, repayment terms, and collateral requirements. These details are negotiated and agreed upon by ADAC Laboratories, the participating financial institutions, and ABN AFRO Bank to ensure fair and mutually beneficial terms. This credit agreement may have various types or tranches categorized based on different borrowing purposes or repayment terms. For example: 1. Term Loan: This type of credit facility provides ADAC Laboratories with a lump sum amount that needs to be repaid over a predetermined period, typically with regular installment payments. 2. Revolving Credit Facility: This type of credit facility allows ADAC Laboratories to borrow funds up to a predetermined credit limit, repay the borrowed amount, and borrow again. It offers flexibility in accessing funds as needed and is commonly used for working capital purposes. 3. Overdraft Facility: This type of credit facility enables ADAC Laboratories to withdraw more funds from its bank account than what is available, up to a specified limit. This facility helps ADAC Laboratories manage short-term cash flow needs. Each type of credit facility under the Hillsborough Florida Amended and Restated Credit Agreement has specific terms and conditions, such as interest rates, repayment schedules, and commitment fees. The agreement also outlines the rights and responsibilities of all parties involved, including ADAC Laboratories, the participating financial institutions, and ABN AFRO Bank. It is important to note that the specific details and categorization of the Hillsborough Florida Amended and Restated Credit Agreement may vary depending on the unique needs and circumstances of ADAC Laboratories and the parties involved.

The Hillsborough Florida Amended and Restated Credit Agreement is a legally binding contract between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. This agreement outlines the terms and conditions regarding a credit line that ADAC Laboratories can access from the participating financial institutions, with ABN AFRO Bank acting as the administrative agent. This credit agreement serves as a tool for ADAC Laboratories to secure necessary funds to support its business operations, including investments, working capital, and other financial needs. By establishing this agreement, ADAC Laboratories gains a reliable and flexible source of credit, which can be crucial for its growth and stability. Key components of the Hillsborough Florida Amended and Restated Credit Agreement include the loan amount available to ADAC Laboratories, the interest rate charged on the borrowed funds, repayment terms, and collateral requirements. These details are negotiated and agreed upon by ADAC Laboratories, the participating financial institutions, and ABN AFRO Bank to ensure fair and mutually beneficial terms. This credit agreement may have various types or tranches categorized based on different borrowing purposes or repayment terms. For example: 1. Term Loan: This type of credit facility provides ADAC Laboratories with a lump sum amount that needs to be repaid over a predetermined period, typically with regular installment payments. 2. Revolving Credit Facility: This type of credit facility allows ADAC Laboratories to borrow funds up to a predetermined credit limit, repay the borrowed amount, and borrow again. It offers flexibility in accessing funds as needed and is commonly used for working capital purposes. 3. Overdraft Facility: This type of credit facility enables ADAC Laboratories to withdraw more funds from its bank account than what is available, up to a specified limit. This facility helps ADAC Laboratories manage short-term cash flow needs. Each type of credit facility under the Hillsborough Florida Amended and Restated Credit Agreement has specific terms and conditions, such as interest rates, repayment schedules, and commitment fees. The agreement also outlines the rights and responsibilities of all parties involved, including ADAC Laboratories, the participating financial institutions, and ABN AFRO Bank. It is important to note that the specific details and categorization of the Hillsborough Florida Amended and Restated Credit Agreement may vary depending on the unique needs and circumstances of ADAC Laboratories and the parties involved.