Connecticut 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. Connecticut Revolving Credit Agreement is a legal document that outlines the terms and conditions for a revolving credit facility between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement specifies the parameters of borrowing, repayment, interest rates, and other provisions relevant to the credit facility. The Connecticut Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a crucial financial arrangement that allows PCSupport.com, Inc. to access funds from ICE Holdings North America, LLC on an as-needed basis. The credit facility operates on a revolving basis, meaning that the borrower can continually borrow and repay within predetermined limits. This agreement is a testament to the strong business relationship and mutual trust between PCSupport.com, Inc. and ICE Holdings North America, LLC. Having such an arrangement in place ensures that PCSupport.com, Inc. has the financial flexibility to meet its operational and growth needs, while ICE Holdings North America, LLC benefits from the interest earned on the borrowed funds. Regarding different types of Connecticut Revolving Credit Agreements, there can be a variety of variations based on the specific needs and circumstances of the parties involved. Some possible variations may include: 1. Revolving Credit Agreement with a variable interest rate: In this type of agreement, the interest rate applied to the outstanding balance can fluctuate based on market conditions or other predetermined factors. This allows for flexibility in interest payments and enables both parties to benefit from potentially changing interest rates. 2. Revolving Credit Agreement with a fixed interest rate: Unlike the previous type, in this case, the interest rate remains constant throughout the duration of the credit facility. This provides stability and allows both parties to plan their finances accordingly, regardless of market fluctuations. 3. Secured Revolving Credit Agreement: This variation involves PCSupport.com, Inc. providing collateral, such as assets or inventory, to serve as security for the credit facility. The collateral offers assurance to ICE Holdings North America, LLC that they have recourse in case of a default, thereby potentially reducing the risk associated with lending. 4. Unsecured Revolving Credit Agreement: In contrast to a secured arrangement, an unsecured revolving credit agreement does not require any collateral. The agreement is solely based on the creditworthiness and financial standing of PCSupport.com, Inc., and therefore, implies a higher level of trust on the part of ICE Holdings North America, LLC. These are just a few potential variations of Connecticut Revolving Credit Agreements that can exist between PCSupport.com, Inc. and ICE Holdings North America, LLC. The nature of the agreement will largely depend on the specific requirements, financial positions, and risk appetite of the parties involved.

Connecticut Revolving Credit Agreement is a legal document that outlines the terms and conditions for a revolving credit facility between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement specifies the parameters of borrowing, repayment, interest rates, and other provisions relevant to the credit facility. The Connecticut Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a crucial financial arrangement that allows PCSupport.com, Inc. to access funds from ICE Holdings North America, LLC on an as-needed basis. The credit facility operates on a revolving basis, meaning that the borrower can continually borrow and repay within predetermined limits. This agreement is a testament to the strong business relationship and mutual trust between PCSupport.com, Inc. and ICE Holdings North America, LLC. Having such an arrangement in place ensures that PCSupport.com, Inc. has the financial flexibility to meet its operational and growth needs, while ICE Holdings North America, LLC benefits from the interest earned on the borrowed funds. Regarding different types of Connecticut Revolving Credit Agreements, there can be a variety of variations based on the specific needs and circumstances of the parties involved. Some possible variations may include: 1. Revolving Credit Agreement with a variable interest rate: In this type of agreement, the interest rate applied to the outstanding balance can fluctuate based on market conditions or other predetermined factors. This allows for flexibility in interest payments and enables both parties to benefit from potentially changing interest rates. 2. Revolving Credit Agreement with a fixed interest rate: Unlike the previous type, in this case, the interest rate remains constant throughout the duration of the credit facility. This provides stability and allows both parties to plan their finances accordingly, regardless of market fluctuations. 3. Secured Revolving Credit Agreement: This variation involves PCSupport.com, Inc. providing collateral, such as assets or inventory, to serve as security for the credit facility. The collateral offers assurance to ICE Holdings North America, LLC that they have recourse in case of a default, thereby potentially reducing the risk associated with lending. 4. Unsecured Revolving Credit Agreement: In contrast to a secured arrangement, an unsecured revolving credit agreement does not require any collateral. The agreement is solely based on the creditworthiness and financial standing of PCSupport.com, Inc., and therefore, implies a higher level of trust on the part of ICE Holdings North America, LLC. These are just a few potential variations of Connecticut Revolving Credit Agreements that can exist between PCSupport.com, Inc. and ICE Holdings North America, LLC. The nature of the agreement will largely depend on the specific requirements, financial positions, and risk appetite of the parties involved.