Alabama 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 Alabama Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a contractual agreement that outlines the terms and conditions of credit extended to Unilab Corp from these financial entities. This agreement is essential for managing the financial borrowing needs of Unilab Corp and establishing a framework for the credit facility. The Alabama Credit Agreement serves as a tool to facilitate borrowing and manage credit transactions between Unilab Corp and the lending institutions involved. It includes detailed provisions that cover important aspects such as loan amount, interest rates, repayment terms, collateral requirements, and default clauses. By entering into this agreement, Unilab Corp gains access to financial resources, enabling them to fund their operations, expand their business, or meet other financial needs. Key terms and features of the Alabama Credit Agreement may include: 1. Loan Amount: Specifies the maximum credit limit that Unilab Corp can borrow from the lending institutions involved. 2. Interest Rates: Outlines the agreed-upon interest rates to be applied to the credit borrowed, which may be fixed or variable based on market conditions. 3. Repayment Terms: Determines the duration of the credit facility and the repayment schedule, including installment amounts and frequency. 4. Collateral Requirements: Describes any assets or securities that Unilab Corp needs to pledge as collateral to secure the credit facility. This ensures that the lenders have recourse in case of default. 5. Conditions Precedent: Outlines the conditions that need to be met before the credit agreement becomes effective, such as the submission of required legal documents or the fulfillment of certain financial ratios. 6. Fees and Expenses: Details any fees or expenses associated with the credit facility, such as an origination fee or legal expenses, which Unilab Corp may need to pay to the lenders. 7. Events of Default: Lists the circumstances under which the lenders can declare a default, enabling them to take appropriate actions, including accelerating the repayment schedule, demanding immediate payment, or seizing collateral. Different types of Alabama Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp may be categorized based on the specific purpose of the credit facility. For example: 1. Revolving Credit Agreement: This type of credit agreement provides Unilab Corp with access to a predetermined credit limit that can be utilized as needed. It allows for flexibility in borrowing and repayment, similar to a credit card. 2. Term Loan Agreement: In a term loan agreement, Unilab Corp receives a lump sum amount from the lenders, which is to be repaid over a predetermined period with specified installments. 3. Acquisition Financing Agreement: If Unilab Corp intends to acquire another company or make a substantial investment, this type of credit agreement can provide the necessary funds for the transaction. 4. Working Capital Credit Agreement: This credit agreement focuses on financing Unilab Corp's short-term operational needs, such as funding inventory purchases, managing accounts receivable, or addressing seasonal fluctuations. 5. Project Financing Agreement: For large-scale projects, such as constructing a new facility or infrastructure development, this type of credit agreement enables Unilab Corp to secure the required funding specifically for the project. In summary, the Alabama Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive document that governs the terms of the credit facility extended to Unilab Corp. Its purpose is to outline the conditions and obligations of both parties involved and to provide a framework for efficient credit management.

The Alabama Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a contractual agreement that outlines the terms and conditions of credit extended to Unilab Corp from these financial entities. This agreement is essential for managing the financial borrowing needs of Unilab Corp and establishing a framework for the credit facility. The Alabama Credit Agreement serves as a tool to facilitate borrowing and manage credit transactions between Unilab Corp and the lending institutions involved. It includes detailed provisions that cover important aspects such as loan amount, interest rates, repayment terms, collateral requirements, and default clauses. By entering into this agreement, Unilab Corp gains access to financial resources, enabling them to fund their operations, expand their business, or meet other financial needs. Key terms and features of the Alabama Credit Agreement may include: 1. Loan Amount: Specifies the maximum credit limit that Unilab Corp can borrow from the lending institutions involved. 2. Interest Rates: Outlines the agreed-upon interest rates to be applied to the credit borrowed, which may be fixed or variable based on market conditions. 3. Repayment Terms: Determines the duration of the credit facility and the repayment schedule, including installment amounts and frequency. 4. Collateral Requirements: Describes any assets or securities that Unilab Corp needs to pledge as collateral to secure the credit facility. This ensures that the lenders have recourse in case of default. 5. Conditions Precedent: Outlines the conditions that need to be met before the credit agreement becomes effective, such as the submission of required legal documents or the fulfillment of certain financial ratios. 6. Fees and Expenses: Details any fees or expenses associated with the credit facility, such as an origination fee or legal expenses, which Unilab Corp may need to pay to the lenders. 7. Events of Default: Lists the circumstances under which the lenders can declare a default, enabling them to take appropriate actions, including accelerating the repayment schedule, demanding immediate payment, or seizing collateral. Different types of Alabama Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp may be categorized based on the specific purpose of the credit facility. For example: 1. Revolving Credit Agreement: This type of credit agreement provides Unilab Corp with access to a predetermined credit limit that can be utilized as needed. It allows for flexibility in borrowing and repayment, similar to a credit card. 2. Term Loan Agreement: In a term loan agreement, Unilab Corp receives a lump sum amount from the lenders, which is to be repaid over a predetermined period with specified installments. 3. Acquisition Financing Agreement: If Unilab Corp intends to acquire another company or make a substantial investment, this type of credit agreement can provide the necessary funds for the transaction. 4. Working Capital Credit Agreement: This credit agreement focuses on financing Unilab Corp's short-term operational needs, such as funding inventory purchases, managing accounts receivable, or addressing seasonal fluctuations. 5. Project Financing Agreement: For large-scale projects, such as constructing a new facility or infrastructure development, this type of credit agreement enables Unilab Corp to secure the required funding specifically for the project. In summary, the Alabama Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive document that governs the terms of the credit facility extended to Unilab Corp. Its purpose is to outline the conditions and obligations of both parties involved and to provide a framework for efficient credit management.