Arkansas 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 Arkansas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legal document that outlines the terms and conditions of a revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc., based in Arkansas. This agreement allows Dixon Ticonderoga, Inc. to borrow funds up to a specified limit, repay them, and borrow again within the agreed-upon timeframe. The purpose of this agreement is to provide Dixon Ticonderoga, Inc. with the flexibility to meet its short-term financing needs, such as inventory purchases, operating expenses, or capital investments. By having a revolving credit facility in place, Dixon Ticonderoga, Inc. can quickly access additional funds whenever required, without the need for repeated loan applications or negotiations. Key terms and provisions within the Arkansas Revolving Credit Loan and Security Agreement may include, but are not limited to: 1. Loan Amount: The maximum amount of funds that Dixon Ticonderoga, Inc. can borrow, subject to adjustment based on certain factors, as determined by the agreement. 2. Interest Rate: The applicable interest rate Dixon Ticonderoga, Inc. must pay on the outstanding balance of the revolving credit facility. This rate may vary over time, and different interest rates may apply to different loan amounts or periods. 3. Repayment Terms: The scheduled repayment terms, including the frequency and amount of repayments, and the designated account for repayment. 4. Security Collateral: The assets or collateral that Dixon Ticonderoga, Inc. pledges to secure the revolving credit facility, ensuring its repayment. This may include inventory, accounts receivable, machinery, or other valuable assets. 5. Default and Remedies: Specifies the consequences of defaulting on the loan, such as increased interest rates, penalties, or the lender's right to seize the collateral. 6. Fees and Costs: Details any fees or costs associated with the agreement, such as loan origination fees, ongoing maintenance fees, or legal expenses. It's important to note that the Arkansas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may have different variations or subtypes, depending on specific terms agreed upon between the parties. These variations could include tailored provisions, modifications to collateral requirements, or additional covenants. In summary, the Arkansas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. enables Dixon Ticonderoga, Inc. to access a flexible line of credit for its operational and financial needs, with clear terms and conditions defined by the agreement.

The Arkansas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legal document that outlines the terms and conditions of a revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc., based in Arkansas. This agreement allows Dixon Ticonderoga, Inc. to borrow funds up to a specified limit, repay them, and borrow again within the agreed-upon timeframe. The purpose of this agreement is to provide Dixon Ticonderoga, Inc. with the flexibility to meet its short-term financing needs, such as inventory purchases, operating expenses, or capital investments. By having a revolving credit facility in place, Dixon Ticonderoga, Inc. can quickly access additional funds whenever required, without the need for repeated loan applications or negotiations. Key terms and provisions within the Arkansas Revolving Credit Loan and Security Agreement may include, but are not limited to: 1. Loan Amount: The maximum amount of funds that Dixon Ticonderoga, Inc. can borrow, subject to adjustment based on certain factors, as determined by the agreement. 2. Interest Rate: The applicable interest rate Dixon Ticonderoga, Inc. must pay on the outstanding balance of the revolving credit facility. This rate may vary over time, and different interest rates may apply to different loan amounts or periods. 3. Repayment Terms: The scheduled repayment terms, including the frequency and amount of repayments, and the designated account for repayment. 4. Security Collateral: The assets or collateral that Dixon Ticonderoga, Inc. pledges to secure the revolving credit facility, ensuring its repayment. This may include inventory, accounts receivable, machinery, or other valuable assets. 5. Default and Remedies: Specifies the consequences of defaulting on the loan, such as increased interest rates, penalties, or the lender's right to seize the collateral. 6. Fees and Costs: Details any fees or costs associated with the agreement, such as loan origination fees, ongoing maintenance fees, or legal expenses. It's important to note that the Arkansas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may have different variations or subtypes, depending on specific terms agreed upon between the parties. These variations could include tailored provisions, modifications to collateral requirements, or additional covenants. In summary, the Arkansas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. enables Dixon Ticonderoga, Inc. to access a flexible line of credit for its operational and financial needs, with clear terms and conditions defined by the agreement.