Alaska Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9422
• Format: Word; Rich Text

Description

Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January 11, 2000. 70 pages. The Alaska Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding contract that establishes the terms and conditions under which PCSupport.com, Inc. can access a revolving line of credit from ICE Holdings North America, LLC for its operations in Alaska. This agreement allows PCSupport.com, Inc. to borrow funds on an as-needed basis, up to a predetermined credit limit, and repay the borrowed amount within an agreed-upon timeframe. This credit agreement provides PCSupport.com, Inc. with the flexibility to manage its working capital requirements effectively and meet its financial obligations in Alaska. It serves as a financial tool that enables the company to meet short-term cash flow needs, such as purchasing equipment, inventory, or covering operational expenses in Alaska. The Alaska Revolving Credit Agreement outlines key provisions, including the credit limit, interest rates, repayment terms, and any collateral or guarantees required by ICE Holdings North America, LLC. It defines the rights and responsibilities of both parties involved, ensuring transparency and mutual understanding throughout the borrowing relationship. Different types of Alaska Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC may exist based on their specific requirements, business arrangements, or evolving financial needs. Some possible variations could include: 1. Secured Alaska Revolving Credit Agreement: This type of agreement might require PCSupport.com, Inc. to provide specific collateral, such as accounts receivable, equipment, or real estate, to secure the line of credit. In the event of default, ICE Holdings North America, LLC may have the right to seize and sell the collateral to recover the outstanding debt. 2. Unsecured Alaska Revolving Credit Agreement: In this arrangement, PCSupport.com, Inc. might not be required to provide collateral. However, to compensate for the increased risk, the interest rates on the credit facility may be higher compared to secured agreements. 3. Fixed Rate Alaska Revolving Credit Agreement: While revolving credit facilities typically offer variable interest rates, this specific type of agreement would have a fixed interest rate throughout the borrowing period. This provides PCSupport.com, Inc. with the advantage of knowing the exact interest expense, making it easier to plan and budget its finances accordingly. 4. Revolving Credit Agreement with Restrictive Covenants: This type of agreement may impose certain restrictions and conditions on PCSupport.com, Inc., such as limiting additional borrowing from other sources, requiring specific financial reporting, or setting performance targets. These covenants are designed to protect the interests of ICE Holdings North America, LLC and ensure the financial stability and responsibility of PCSupport.com, Inc. Regardless of the specific type of Alaska Revolving Credit Agreement, it is crucial for PCSupport.com, Inc. and ICE Holdings North America, LLC to thoroughly review and understand all the terms and conditions outlined in the agreement before signing. Seeking legal and financial advice is recommended to ensure full compliance and protection for both parties involved.

The Alaska Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding contract that establishes the terms and conditions under which PCSupport.com, Inc. can access a revolving line of credit from ICE Holdings North America, LLC for its operations in Alaska. This agreement allows PCSupport.com, Inc. to borrow funds on an as-needed basis, up to a predetermined credit limit, and repay the borrowed amount within an agreed-upon timeframe. This credit agreement provides PCSupport.com, Inc. with the flexibility to manage its working capital requirements effectively and meet its financial obligations in Alaska. It serves as a financial tool that enables the company to meet short-term cash flow needs, such as purchasing equipment, inventory, or covering operational expenses in Alaska. The Alaska Revolving Credit Agreement outlines key provisions, including the credit limit, interest rates, repayment terms, and any collateral or guarantees required by ICE Holdings North America, LLC. It defines the rights and responsibilities of both parties involved, ensuring transparency and mutual understanding throughout the borrowing relationship. Different types of Alaska Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC may exist based on their specific requirements, business arrangements, or evolving financial needs. Some possible variations could include: 1. Secured Alaska Revolving Credit Agreement: This type of agreement might require PCSupport.com, Inc. to provide specific collateral, such as accounts receivable, equipment, or real estate, to secure the line of credit. In the event of default, ICE Holdings North America, LLC may have the right to seize and sell the collateral to recover the outstanding debt. 2. Unsecured Alaska Revolving Credit Agreement: In this arrangement, PCSupport.com, Inc. might not be required to provide collateral. However, to compensate for the increased risk, the interest rates on the credit facility may be higher compared to secured agreements. 3. Fixed Rate Alaska Revolving Credit Agreement: While revolving credit facilities typically offer variable interest rates, this specific type of agreement would have a fixed interest rate throughout the borrowing period. This provides PCSupport.com, Inc. with the advantage of knowing the exact interest expense, making it easier to plan and budget its finances accordingly. 4. Revolving Credit Agreement with Restrictive Covenants: This type of agreement may impose certain restrictions and conditions on PCSupport.com, Inc., such as limiting additional borrowing from other sources, requiring specific financial reporting, or setting performance targets. These covenants are designed to protect the interests of ICE Holdings North America, LLC and ensure the financial stability and responsibility of PCSupport.com, Inc. Regardless of the specific type of Alaska Revolving Credit Agreement, it is crucial for PCSupport.com, Inc. and ICE Holdings North America, LLC to thoroughly review and understand all the terms and conditions outlined in the agreement before signing. Seeking legal and financial advice is recommended to ensure full compliance and protection for both parties involved.