Georgia 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 Georgia Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legally binding document that outlines the terms and conditions for the extension of credit to Unilab Corp, a corporation based in Georgia. This credit agreement serves as a financial arrangement between Unilab Corp and the lending institutions, namely Bankers Trust Co and Merrill Lynch Capital Corp, as well as other participating lenders. The purpose of this agreement is to provide Unilab Corp with access to funds to support its business operations and expansion plans. The Georgia Credit Agreement includes various provisions and clauses that govern the terms of the credit facility. These provisions typically encompass the following key aspects: 1. Loan Amount and Purpose: The agreement specifies the maximum loan amount that Unilab Corp can borrow under the credit facility. It may also define the purpose for which the funds can be utilized, such as working capital, capital expenditures, or debt refinancing. 2. Interest Rates and Fees: The agreement outlines the interest rates that Unilab Corp is required to pay on the borrowed funds, along with any associated fees or charges, such as commitment fees or upfront fees. 3. Repayment Terms: The credit agreement defines the repayment schedule, including the frequency and amount of principal and interest payments. It may also specify any prepayment options or penalties. 4. Security and Collateral: To secure the credit facility, Unilab Corp may be required to provide collateral, such as assets or guarantees, which may be subject to further detailed requirements. 5. Covenants and Conditions: The agreement typically includes various representations, warranties, and covenants that Unilab Corp must adhere to during the term of the credit facility. These may include financial reporting obligations, maintenance of certain financial ratios, limitations on additional borrowings, and restrictions on asset disposals or mergers. 6. Events of Default: The credit agreement outlines the circumstances under which a default may occur, such as non-payment, breach of covenants, or material adverse changes in Unilab Corp's financial condition. It also specifies the remedies available to the lenders in case of default. Different types of Georgia Credit Agreements may exist depending on the specific details and characteristics of the arrangement. For example, there could be a revolving credit agreement, where Unilab Corp can borrow and repay funds multiple times within a predetermined limit. Alternatively, there may be a term loan agreement, where Unilab Corp receives a lump sum of funds upfront and repays it over a fixed period. In conclusion, the Georgia Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive document that establishes the terms and conditions for extending credit to Unilab Corp. The agreement covers various aspects, including loan amount, interest rates, repayment terms, covenants, and security provisions. Different types of credit agreements, such as revolving credit and term loan agreements, may be utilized depending on the specific nature of the financing arrangement.

Georgia Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legally binding document that outlines the terms and conditions for the extension of credit to Unilab Corp, a corporation based in Georgia. This credit agreement serves as a financial arrangement between Unilab Corp and the lending institutions, namely Bankers Trust Co and Merrill Lynch Capital Corp, as well as other participating lenders. The purpose of this agreement is to provide Unilab Corp with access to funds to support its business operations and expansion plans. The Georgia Credit Agreement includes various provisions and clauses that govern the terms of the credit facility. These provisions typically encompass the following key aspects: 1. Loan Amount and Purpose: The agreement specifies the maximum loan amount that Unilab Corp can borrow under the credit facility. It may also define the purpose for which the funds can be utilized, such as working capital, capital expenditures, or debt refinancing. 2. Interest Rates and Fees: The agreement outlines the interest rates that Unilab Corp is required to pay on the borrowed funds, along with any associated fees or charges, such as commitment fees or upfront fees. 3. Repayment Terms: The credit agreement defines the repayment schedule, including the frequency and amount of principal and interest payments. It may also specify any prepayment options or penalties. 4. Security and Collateral: To secure the credit facility, Unilab Corp may be required to provide collateral, such as assets or guarantees, which may be subject to further detailed requirements. 5. Covenants and Conditions: The agreement typically includes various representations, warranties, and covenants that Unilab Corp must adhere to during the term of the credit facility. These may include financial reporting obligations, maintenance of certain financial ratios, limitations on additional borrowings, and restrictions on asset disposals or mergers. 6. Events of Default: The credit agreement outlines the circumstances under which a default may occur, such as non-payment, breach of covenants, or material adverse changes in Unilab Corp's financial condition. It also specifies the remedies available to the lenders in case of default. Different types of Georgia Credit Agreements may exist depending on the specific details and characteristics of the arrangement. For example, there could be a revolving credit agreement, where Unilab Corp can borrow and repay funds multiple times within a predetermined limit. Alternatively, there may be a term loan agreement, where Unilab Corp receives a lump sum of funds upfront and repays it over a fixed period. In conclusion, the Georgia Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive document that establishes the terms and conditions for extending credit to Unilab Corp. The agreement covers various aspects, including loan amount, interest rates, repayment terms, covenants, and security provisions. Different types of credit agreements, such as revolving credit and term loan agreements, may be utilized depending on the specific nature of the financing arrangement.