District of Columbia 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 District of Columbia Revolving Credit Agreement is a legally binding agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC regarding a revolving credit facility. This agreement outlines the terms and conditions under which ICE Holdings North America, LLC provides funds to PCSupport.com, Inc. for working capital, financing acquisitions, or other corporate purposes. The District of Columbia Revolving Credit Agreement serves as a financial tool for PCSupport.com, Inc. to access funds flexibly within preset limits. It allows PCSupport.com, Inc. to borrow, repay, and borrow again up to the predetermined credit limit without requiring renegotiation for each transaction, resulting in increased financial liquidity. The agreement highlights the key terms and provisions such as the interest rate, duration, fees, collateral, and repayment terms. These terms may vary depending on the specific type of agreement reached between PCSupport.com, Inc. and ICE Holdings North America, LLC. Some potential variations or types of District of Columbia Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC may include: 1. Short-term Revolving Credit Agreement: This type of agreement provides a temporary line of credit for PCSupport.com, Inc. with flexible repayment terms typically ranging from a few months to a year. 2. Long-term Revolving Credit Agreement: In contrast to short-term agreements, this type of agreement provides a longer borrowing period, often extending beyond one year, enabling PCSupport.com, Inc. to access funds for a more extended duration. 3. Secured Revolving Credit Agreement: This agreement requires PCSupport.com, Inc. to provide collateral, such as corporate assets or property, to secure the revolving credit facility. This mitigates the lender's risk and provides leverage for PCSupport.com, Inc. to negotiate favorable terms, including lower interest rates. 4. Unsecured Revolving Credit Agreement: Unlike a secured agreement, this type does not require PCSupport.com, Inc. to provide specific collateral to access the revolving credit facility. However, it may come with higher interest rates or stricter creditworthiness requirements. 5. Variable Rate Revolving Credit Agreement: Under this agreement, the interest rate charged on the outstanding balance is subject to change based on market fluctuations, economic conditions, or a predetermined index. This flexibility allows PCSupport.com, Inc. to potentially benefit from lower interest rates but also exposes them to the risk of increased rates. Overall, the District of Columbia Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC provides a crucial framework for financial support, unlocking opportunities for growth, and empowering PCSupport.com, Inc. to manage its cash flow effectively.

The District of Columbia Revolving Credit Agreement is a legally binding agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC regarding a revolving credit facility. This agreement outlines the terms and conditions under which ICE Holdings North America, LLC provides funds to PCSupport.com, Inc. for working capital, financing acquisitions, or other corporate purposes. The District of Columbia Revolving Credit Agreement serves as a financial tool for PCSupport.com, Inc. to access funds flexibly within preset limits. It allows PCSupport.com, Inc. to borrow, repay, and borrow again up to the predetermined credit limit without requiring renegotiation for each transaction, resulting in increased financial liquidity. The agreement highlights the key terms and provisions such as the interest rate, duration, fees, collateral, and repayment terms. These terms may vary depending on the specific type of agreement reached between PCSupport.com, Inc. and ICE Holdings North America, LLC. Some potential variations or types of District of Columbia Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC may include: 1. Short-term Revolving Credit Agreement: This type of agreement provides a temporary line of credit for PCSupport.com, Inc. with flexible repayment terms typically ranging from a few months to a year. 2. Long-term Revolving Credit Agreement: In contrast to short-term agreements, this type of agreement provides a longer borrowing period, often extending beyond one year, enabling PCSupport.com, Inc. to access funds for a more extended duration. 3. Secured Revolving Credit Agreement: This agreement requires PCSupport.com, Inc. to provide collateral, such as corporate assets or property, to secure the revolving credit facility. This mitigates the lender's risk and provides leverage for PCSupport.com, Inc. to negotiate favorable terms, including lower interest rates. 4. Unsecured Revolving Credit Agreement: Unlike a secured agreement, this type does not require PCSupport.com, Inc. to provide specific collateral to access the revolving credit facility. However, it may come with higher interest rates or stricter creditworthiness requirements. 5. Variable Rate Revolving Credit Agreement: Under this agreement, the interest rate charged on the outstanding balance is subject to change based on market fluctuations, economic conditions, or a predetermined index. This flexibility allows PCSupport.com, Inc. to potentially benefit from lower interest rates but also exposes them to the risk of increased rates. Overall, the District of Columbia Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC provides a crucial framework for financial support, unlocking opportunities for growth, and empowering PCSupport.com, Inc. to manage its cash flow effectively.