District of Columbia 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 District of Columbia Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding document that outlines the terms and conditions of a revolving credit loan and the security measures in place to protect both parties involved. This agreement is specific to the District of Columbia jurisdiction and is designed to provide financial assistance to Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. The primary purpose of this agreement is to establish a revolving credit line that allows Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. to borrow funds up to a certain limit. The borrowed funds can be used for various business purposes such as inventory financing, working capital, or any other legitimate business needs. The agreement's terms specify the maximum credit limit, repayment schedule, interest rates, and any fees associated with borrowing. To secure the loan, Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. agree to provide collateral or security measures. These may include assets such as accounts receivable, inventory, equipment, or property owned by either or both companies. The collateral serves as a safeguard for the lender in case of default, allowing them to recoup some or all of the outstanding debt through the liquidation of the pledged assets. It is important to note that there may be different types of District of Columbia Revolving Credit Loan and Security Agreements available, depending on the specific requirements and circumstances of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. For instance, there may be agreements tailored for short-term financing needs or others designed for long-term arrangements. Each agreement will have its unique features, but the core elements remain consistent — a revolving credit line, credit limits, collateral requirements, interest rates, and repayment terms. The District of Columbia Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a crucial legal document that protects the rights and obligations of both parties involved in the lending and borrowing process. It ensures transparency, accountability, and a clear understanding of the terms associated with the credit facility. Additionally, this agreement serves as a means to foster a healthy business relationship between the two entities, providing financial flexibility and stability as Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. pursue their business objectives.

The District of Columbia Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding document that outlines the terms and conditions of a revolving credit loan and the security measures in place to protect both parties involved. This agreement is specific to the District of Columbia jurisdiction and is designed to provide financial assistance to Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. The primary purpose of this agreement is to establish a revolving credit line that allows Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. to borrow funds up to a certain limit. The borrowed funds can be used for various business purposes such as inventory financing, working capital, or any other legitimate business needs. The agreement's terms specify the maximum credit limit, repayment schedule, interest rates, and any fees associated with borrowing. To secure the loan, Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. agree to provide collateral or security measures. These may include assets such as accounts receivable, inventory, equipment, or property owned by either or both companies. The collateral serves as a safeguard for the lender in case of default, allowing them to recoup some or all of the outstanding debt through the liquidation of the pledged assets. It is important to note that there may be different types of District of Columbia Revolving Credit Loan and Security Agreements available, depending on the specific requirements and circumstances of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. For instance, there may be agreements tailored for short-term financing needs or others designed for long-term arrangements. Each agreement will have its unique features, but the core elements remain consistent — a revolving credit line, credit limits, collateral requirements, interest rates, and repayment terms. The District of Columbia Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a crucial legal document that protects the rights and obligations of both parties involved in the lending and borrowing process. It ensures transparency, accountability, and a clear understanding of the terms associated with the credit facility. Additionally, this agreement serves as a means to foster a healthy business relationship between the two entities, providing financial flexibility and stability as Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. pursue their business objectives.