Arkansas 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 Arkansas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding document that outlines the terms and conditions of a revolving credit facility between the two entities. This agreement allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC up to a pre-approved credit limit, which can be drawn, repaid, and re-borrowed as needed. Keywords: Arkansas, Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, credit facility, terms and conditions, borrow funds, credit limit, drawn, repaid, re-borrowed. There are no different types of Arkansas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC specifically mentioned. However, it is worth mentioning that there can be variations in the terms and conditions of revolving credit agreements depending on the negotiated terms between the parties involved. These agreements may differ in interest rates, payment terms, collateral requirements, or other relevant factors agreed upon by both parties. It is essential for both PCSupport.com, Inc. and ICE Holdings North America, LLC to thoroughly read and understand the agreement and comply with its terms. Failure to meet the obligations outlined in the agreement may result in penalties, additional fees, or legal consequences. This Arkansas Revolving Credit Agreement serves as a crucial financial tool for PCSupport.com, Inc., enabling the company to have access to immediate funds whenever necessary. The agreement provides flexibility in managing the company's working capital requirements, allowing PCSupport.com, Inc. to respond swiftly to business opportunities or financial challenges that may arise. Throughout the term of the agreement, PCSupport.com, Inc. can draw money from the credit facility, up to the agreed credit limit, to finance various operational needs such as purchasing inventory, paying suppliers, or covering short-term cash flow gaps. The borrowed amount can be repaid in full or in part, and if needed, PCSupport.com, Inc. can re-borrow the repaid funds, subject to the terms and conditions outlined in the agreement. The Arkansas Revolving Credit Agreement also establishes the interest rate that PCSupport.com, Inc. will be charged on the outstanding balances. This interest may be variable or fixed, depending on the agreement. Additionally, the agreement may stipulate other charges, such as commitment fees or late payment penalties. To secure the credit facility, PCSupport.com, Inc. may be required to provide collateral, such as accounts receivable, inventory, or other assets. This collateral serves as security for ICE Holdings North America, LLC in case PCSupport.com, Inc. fails to repay the borrowed funds. The agreement usually defines the valuation of collateral and the events that would trigger a default and possible enforcement actions. Overall, the Arkansas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC provides a mutually beneficial arrangement by offering PCSupport.com, Inc. flexibility in managing its cash flow and working capital needs while providing ICE Holdings North America, LLC with an opportunity to earn interest income and mitigate risks through lateralization.

The Arkansas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding document that outlines the terms and conditions of a revolving credit facility between the two entities. This agreement allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC up to a pre-approved credit limit, which can be drawn, repaid, and re-borrowed as needed. Keywords: Arkansas, Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, credit facility, terms and conditions, borrow funds, credit limit, drawn, repaid, re-borrowed. There are no different types of Arkansas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC specifically mentioned. However, it is worth mentioning that there can be variations in the terms and conditions of revolving credit agreements depending on the negotiated terms between the parties involved. These agreements may differ in interest rates, payment terms, collateral requirements, or other relevant factors agreed upon by both parties. It is essential for both PCSupport.com, Inc. and ICE Holdings North America, LLC to thoroughly read and understand the agreement and comply with its terms. Failure to meet the obligations outlined in the agreement may result in penalties, additional fees, or legal consequences. This Arkansas Revolving Credit Agreement serves as a crucial financial tool for PCSupport.com, Inc., enabling the company to have access to immediate funds whenever necessary. The agreement provides flexibility in managing the company's working capital requirements, allowing PCSupport.com, Inc. to respond swiftly to business opportunities or financial challenges that may arise. Throughout the term of the agreement, PCSupport.com, Inc. can draw money from the credit facility, up to the agreed credit limit, to finance various operational needs such as purchasing inventory, paying suppliers, or covering short-term cash flow gaps. The borrowed amount can be repaid in full or in part, and if needed, PCSupport.com, Inc. can re-borrow the repaid funds, subject to the terms and conditions outlined in the agreement. The Arkansas Revolving Credit Agreement also establishes the interest rate that PCSupport.com, Inc. will be charged on the outstanding balances. This interest may be variable or fixed, depending on the agreement. Additionally, the agreement may stipulate other charges, such as commitment fees or late payment penalties. To secure the credit facility, PCSupport.com, Inc. may be required to provide collateral, such as accounts receivable, inventory, or other assets. This collateral serves as security for ICE Holdings North America, LLC in case PCSupport.com, Inc. fails to repay the borrowed funds. The agreement usually defines the valuation of collateral and the events that would trigger a default and possible enforcement actions. Overall, the Arkansas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC provides a mutually beneficial arrangement by offering PCSupport.com, Inc. flexibility in managing its cash flow and working capital needs while providing ICE Holdings North America, LLC with an opportunity to earn interest income and mitigate risks through lateralization.