Florida 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 A Florida Revolving Credit Loan and Security Agreement is a legal document that outlines the terms and conditions of a revolving credit facility between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., both located in Florida. This agreement establishes a credit line that can be borrowed, repaid, and borrowed again, offering flexibility to the borrower. One type of Florida Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is the Traditional Revolving Credit Agreement. This agreement allows Dixon Ticonderoga, Inc. to borrow funds up to a specified credit limit and repay the borrowed amount with interest. The borrower can access the funds as needed, which makes it a suitable option for managing working capital needs or short-term financing requirements. Another type of Florida Revolving Credit Loan and Security Agreement is the Asset-Based Revolving Credit Agreement. Under this agreement, Dixon Ticonderoga, Inc. utilizes its assets, such as accounts receivable, inventory, or equipment, as collateral for the revolving credit facility. The credit limit is typically determined based on a percentage of the company's eligible assets. This type of agreement is especially useful for businesses with valuable assets that can serve as security. The Florida Revolving Credit Loan and Security Agreement may include various key terms and provisions, such as the interest rate, repayment schedule, fees, and penalties for default. It also outlines the specific assets offered as security and the procedures for the lender to exercise its rights in case of default. The purpose of a Florida Revolving Credit Loan and Security Agreement is to provide Dixon Ticonderoga, Inc. with a convenient and flexible financing option while ensuring Dixon Ticonderoga Co. has adequate collateral to protect against potential default. It offers both parties a structured framework to govern their financial relationship and outlines the obligations, rights, and responsibilities of each party. In summary, a Florida Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a contractual arrangement that grants Dixon Ticonderoga, Inc. access to a revolving credit facility, either through a traditional or asset-based agreement. The agreement sets out the terms and conditions of borrowing, repayment, and the use of assets as collateral, offering financial flexibility and security to both parties involved.

A Florida Revolving Credit Loan and Security Agreement is a legal document that outlines the terms and conditions of a revolving credit facility between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., both located in Florida. This agreement establishes a credit line that can be borrowed, repaid, and borrowed again, offering flexibility to the borrower. One type of Florida Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is the Traditional Revolving Credit Agreement. This agreement allows Dixon Ticonderoga, Inc. to borrow funds up to a specified credit limit and repay the borrowed amount with interest. The borrower can access the funds as needed, which makes it a suitable option for managing working capital needs or short-term financing requirements. Another type of Florida Revolving Credit Loan and Security Agreement is the Asset-Based Revolving Credit Agreement. Under this agreement, Dixon Ticonderoga, Inc. utilizes its assets, such as accounts receivable, inventory, or equipment, as collateral for the revolving credit facility. The credit limit is typically determined based on a percentage of the company's eligible assets. This type of agreement is especially useful for businesses with valuable assets that can serve as security. The Florida Revolving Credit Loan and Security Agreement may include various key terms and provisions, such as the interest rate, repayment schedule, fees, and penalties for default. It also outlines the specific assets offered as security and the procedures for the lender to exercise its rights in case of default. The purpose of a Florida Revolving Credit Loan and Security Agreement is to provide Dixon Ticonderoga, Inc. with a convenient and flexible financing option while ensuring Dixon Ticonderoga Co. has adequate collateral to protect against potential default. It offers both parties a structured framework to govern their financial relationship and outlines the obligations, rights, and responsibilities of each party. In summary, a Florida Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a contractual arrangement that grants Dixon Ticonderoga, Inc. access to a revolving credit facility, either through a traditional or asset-based agreement. The agreement sets out the terms and conditions of borrowing, repayment, and the use of assets as collateral, offering financial flexibility and security to both parties involved.