Florida Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages Florida Credit Agreement is a legally binding contract between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms and conditions for providing credit facilities to Unilab Corp. It serves as a crucial financial document that ensures all parties involved understand their respective roles and responsibilities. — Florida Revolving Credit Agreement: It is a type of credit agreement that allows Unilab Corp to borrow funds on an as-needed basis. The borrowing limit is predefined, and the interest rate may vary based on market conditions. — Florida Term Loan Agreement: This type of credit agreement provides Unilab Corp with a specific amount of funds for a fixed term. Repayment must be made in regular installments over the agreed-upon period. The interest rate is determined at the time of signing the agreement and remains fixed throughout the term. — Florida Secured Credit Agreement: In this type of credit agreement, Unilab Corp provides collateral to secure the borrowed funds. This collateral could include company assets, such as real estate, inventory, or accounts receivable. By providing security, Unilab Corp can negotiate more favorable terms, such as lower interest rates or longer repayment periods. — Florida Revolver Term Loan Agreement: This credit agreement combines the features of both revolving credit and term loan agreements. It allows Unilab Corp to borrow funds up to a predefined limit, repay them, and borrow again within the agreed-upon timeframe. This arrangement provides flexibility while also providing a structured repayment schedule. — Florida Syndicated Credit Agreement: Sometimes, Unilab Corp may require a substantial amount of credit that cannot be provided by a single lending institution. In such cases, a syndicated credit agreement is established involving multiple lenders. This agreement outlines the terms, conditions, and responsibilities of each lender, ensuring a coordinated approach to lending to Unilab Corp. The Florida Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp plays a vital role in managing the financial needs of Unilab Corp and promoting its growth. By defining the terms, conditions, and obligations of the involved parties, this agreement ensures transparency, reliability, and accountability in credit provision and repayment. It allows Unilab Corp to access the necessary funds to support its operations, expansion, and strategic initiatives while providing the lending institutions with potential financial returns through interest and fees. Overall, this credit agreement serves as a crucial financial tool enabling Unilab Corp to thrive in the competitive business environment of Florida.

Florida Credit Agreement is a legally binding contract between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms and conditions for providing credit facilities to Unilab Corp. It serves as a crucial financial document that ensures all parties involved understand their respective roles and responsibilities. — Florida Revolving Credit Agreement: It is a type of credit agreement that allows Unilab Corp to borrow funds on an as-needed basis. The borrowing limit is predefined, and the interest rate may vary based on market conditions. — Florida Term Loan Agreement: This type of credit agreement provides Unilab Corp with a specific amount of funds for a fixed term. Repayment must be made in regular installments over the agreed-upon period. The interest rate is determined at the time of signing the agreement and remains fixed throughout the term. — Florida Secured Credit Agreement: In this type of credit agreement, Unilab Corp provides collateral to secure the borrowed funds. This collateral could include company assets, such as real estate, inventory, or accounts receivable. By providing security, Unilab Corp can negotiate more favorable terms, such as lower interest rates or longer repayment periods. — Florida Revolver Term Loan Agreement: This credit agreement combines the features of both revolving credit and term loan agreements. It allows Unilab Corp to borrow funds up to a predefined limit, repay them, and borrow again within the agreed-upon timeframe. This arrangement provides flexibility while also providing a structured repayment schedule. — Florida Syndicated Credit Agreement: Sometimes, Unilab Corp may require a substantial amount of credit that cannot be provided by a single lending institution. In such cases, a syndicated credit agreement is established involving multiple lenders. This agreement outlines the terms, conditions, and responsibilities of each lender, ensuring a coordinated approach to lending to Unilab Corp. The Florida Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp plays a vital role in managing the financial needs of Unilab Corp and promoting its growth. By defining the terms, conditions, and obligations of the involved parties, this agreement ensures transparency, reliability, and accountability in credit provision and repayment. It allows Unilab Corp to access the necessary funds to support its operations, expansion, and strategic initiatives while providing the lending institutions with potential financial returns through interest and fees. Overall, this credit agreement serves as a crucial financial tool enabling Unilab Corp to thrive in the competitive business environment of Florida.