California Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC: The California Revolving Credit Agreement is a legally binding agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC, outlining the terms and conditions of a revolving line of credit extended by ICE Holdings North America, LLC to PCSupport.com, Inc. This agreement governs the borrowing and repayment activities of PCSupport.com, Inc. and sets forth the specific terms for utilizing the revolving credit facility. Keywords: California Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, revolving line of credit, borrowing, repayment activities, terms, revolving credit facility. There are no specific types mentioned in the prompt; however, the content can be expanded to include different types or variations of California Revolving Credit Agreements: 1. Secured Revolving Credit Agreement: This type of agreement involves PCSupport.com, Inc. providing collateral, such as real estate or inventory, to secure the revolving line of credit extended by ICE Holdings North America, LLC. This collateral acts as security for the lender in the event of default by PCSupport.com, Inc. 2. Unsecured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. does not provide any collateral to secure the revolving line of credit. Instead, the creditworthiness and financial standing of PCSupport.com, Inc. serve as the primary basis for the credit extended by ICE Holdings North America, LLC. 3. Revolving Credit Facility with Variable Interest Rate: This type of agreement establishes a revolving line of credit with an interest rate that fluctuates based on market conditions or a set formula. The interest rate charged on the revolving credit may change periodically, allowing PCSupport.com, Inc. to benefit from favorable interest rate adjustments but also exposing them to potential rate increases. 4. Revolving Credit Agreement with Fixed Interest Rate: In contrast to the variable interest rate agreement, this type of agreement establishes a revolving line of credit with a fixed interest rate. PCSupport.com, Inc. and ICE Holdings North America, LLC agree upon a specific interest rate that remains constant throughout the term of the agreement, providing stability and predictability in interest payments for PCSupport.com, Inc. Overall, the California Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC serves as a vital financial tool for PCSupport.com, Inc., enabling them to access a flexible source of funding to meet their short-term financing needs. This agreement outlines the terms and conditions, including repayment schedule, interest rates, and any additional fees or charges associated with the revolving credit facility.
California Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC
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