Alaska Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9009
• Format: Word; Rich Text

Description

3rd Mod. of Am./Rest. Revolving Credit Loan & Sec. Agr., Am. to Loan Docs./ Assign. btwn Dixon Ticonderga Co. & Dixon Ticonderga, Inc. dated Sep. 30, 1999. 17 pages The Alaska Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding contract that outlines the terms and conditions of a revolving credit loan and the collateral provided for this loan. The agreement serves to establish a financial relationship between Dixon Ticonderoga Co. (the lender) and Dixon Ticonderoga, Inc. (the borrower), enabling the borrower to access a line of credit for various purposes. In this agreement, Dixon Ticonderoga, Inc. is granted the ability to borrow funds up to a specified credit limit, which can be repeatedly used and repaid over the agreed-upon loan term. The borrower has the flexibility to draw funds as needed, making it an ideal financial solution for managing ongoing business expenses, such as working capital needs, inventory purchases, or unforeseen operational costs. The Alaska Revolving Credit Loan and Security Agreement include provisions related to interest rates, repayment terms, and the calculation of interest and associated fees. The agreement specifies the responsible parties' obligations, including timely repayment, maintaining the necessary collateral, and compliance with all applicable laws and regulations. Regarding collateral, this agreement typically requires Dixon Ticonderoga, Inc. to provide security to Dixon Ticonderoga Co. to minimize the lender's risk. The collateral can be in the form of the borrower's assets, such as accounts receivable, inventory, equipment, or any other valuable company assets determined mutually by both parties. By pledging collateral, Dixon Ticonderoga, Inc. provides the lender with a fallback option if the borrower defaults on the loan. There might be various types of Alaska Revolving Credit Loan and Security Agreements available between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., depending on the specific needs and circumstances of the parties involved. These agreements could include differing interest rates, credit limits, loan durations, and requirements regarding collateral. Each agreement would be custom-tailored to suit Dixon Ticonderoga, Inc.'s unique requirements while safeguarding Dixon Ticonderoga Co.'s interests. Overall, the Alaska Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. offers a flexible financial solution for Dixon Ticonderoga, Inc. to manage its ongoing business needs by accessing a revolving line of credit, supported by collateral. This agreement provides a framework for the lending and borrowing relationship, ensuring both parties' rights and responsibilities are clearly defined and equitable.

The Alaska Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding contract that outlines the terms and conditions of a revolving credit loan and the collateral provided for this loan. The agreement serves to establish a financial relationship between Dixon Ticonderoga Co. (the lender) and Dixon Ticonderoga, Inc. (the borrower), enabling the borrower to access a line of credit for various purposes. In this agreement, Dixon Ticonderoga, Inc. is granted the ability to borrow funds up to a specified credit limit, which can be repeatedly used and repaid over the agreed-upon loan term. The borrower has the flexibility to draw funds as needed, making it an ideal financial solution for managing ongoing business expenses, such as working capital needs, inventory purchases, or unforeseen operational costs. The Alaska Revolving Credit Loan and Security Agreement include provisions related to interest rates, repayment terms, and the calculation of interest and associated fees. The agreement specifies the responsible parties' obligations, including timely repayment, maintaining the necessary collateral, and compliance with all applicable laws and regulations. Regarding collateral, this agreement typically requires Dixon Ticonderoga, Inc. to provide security to Dixon Ticonderoga Co. to minimize the lender's risk. The collateral can be in the form of the borrower's assets, such as accounts receivable, inventory, equipment, or any other valuable company assets determined mutually by both parties. By pledging collateral, Dixon Ticonderoga, Inc. provides the lender with a fallback option if the borrower defaults on the loan. There might be various types of Alaska Revolving Credit Loan and Security Agreements available between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., depending on the specific needs and circumstances of the parties involved. These agreements could include differing interest rates, credit limits, loan durations, and requirements regarding collateral. Each agreement would be custom-tailored to suit Dixon Ticonderoga, Inc.'s unique requirements while safeguarding Dixon Ticonderoga Co.'s interests. Overall, the Alaska Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. offers a flexible financial solution for Dixon Ticonderoga, Inc. to manage its ongoing business needs by accessing a revolving line of credit, supported by collateral. This agreement provides a framework for the lending and borrowing relationship, ensuring both parties' rights and responsibilities are clearly defined and equitable.