Hawaii 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. Title: Understanding the Hawaii Revolving Credit Agreement Between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: In this article, we will delve into the details of the Hawaii Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement is an essential financial instrument that allows PCSupport.com, Inc. to access a revolving line of credit from ICE Holdings North America, LLC in Hawaii. Let us explore the various types of Hawaii Revolving Credit Agreements that may exist between these two entities. 1. Essential Components of the Hawaii Revolving Credit Agreement: The Hawaii Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC follows a structured framework to meet the financial needs of PCSupport.com, Inc. Key components typically include: a. Loan Amount and Availability: Specifies the maximum revolving credit limit made available to PCSupport.com, Inc. throughout the agreement's term. b. Interest Rate: Outlines the interest rate applied to the outstanding balance of the credit line. c. Purpose and Use of Funds: Details the authorized usage of the revolving credit for PCSupport.com, Inc.'s operational, expansion, or other business-related needs. d. Repayment Terms: Defines the repayment terms, payment schedule, and any associated fees or penalties. e. Reporting Requirements: Specifies the periodic financial reporting that PCSupport.com, Inc. must provide to ICE Holdings North America, LLC. f. Default and Remedies: Outlines the consequences in case of payment default or breach of any contractual obligations, and the proposed remedies. 2. Distinct Types of Hawaii Revolving Credit Agreements: Depending on the specific requirements and circumstances, different types of Hawaii Revolving Credit Agreements may exist between PCSupport.com, Inc. and ICE Holdings North America, LLC. These variations might include: a. Short-Term Revolving Credit Agreement: This type of agreement provides PCSupport.com, Inc. with access to a revolving line of credit for a short duration, typically less than one year. It is suitable for immediate working capital needs or bridging temporary cash flow gaps. b. Long-Term Revolving Credit Agreement: Unlike short-term agreements, long-term agreements extend the revolving credit availability for an extended period, often spanning several years. Such agreements are useful for larger, ongoing investment needs, such as business expansions, research and development projects, or capital equipment purchases. c. Secured Revolving Credit Agreement: In certain cases, PCSupport.com, Inc. may provide collateral (such as assets or accounts receivable) to secure the revolving credit facility, offering additional security for ICE Holdings North America, LLC. This type of agreement assures lenders of asset availability should repayment issues arise. d. Unsecured Revolving Credit Agreement: As an alternative, PCSupport.com, Inc. may enter into an unsecured revolving credit agreement, wherein no specific collateral is required. However, these agreements often come with higher interest rates to compensate for the increased risk borne by the lender. Conclusion: The Hawaii Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC plays a pivotal role in providing PCSupport.com, Inc. with essential financial flexibility. By understanding the different types of agreements and their unique attributes, PCSupport.com, Inc. can make informed decisions based on their financial needs and risk appetite while using this revolving credit facility to drive business growth effectively.

Title: Understanding the Hawaii Revolving Credit Agreement Between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: In this article, we will delve into the details of the Hawaii Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement is an essential financial instrument that allows PCSupport.com, Inc. to access a revolving line of credit from ICE Holdings North America, LLC in Hawaii. Let us explore the various types of Hawaii Revolving Credit Agreements that may exist between these two entities. 1. Essential Components of the Hawaii Revolving Credit Agreement: The Hawaii Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC follows a structured framework to meet the financial needs of PCSupport.com, Inc. Key components typically include: a. Loan Amount and Availability: Specifies the maximum revolving credit limit made available to PCSupport.com, Inc. throughout the agreement's term. b. Interest Rate: Outlines the interest rate applied to the outstanding balance of the credit line. c. Purpose and Use of Funds: Details the authorized usage of the revolving credit for PCSupport.com, Inc.'s operational, expansion, or other business-related needs. d. Repayment Terms: Defines the repayment terms, payment schedule, and any associated fees or penalties. e. Reporting Requirements: Specifies the periodic financial reporting that PCSupport.com, Inc. must provide to ICE Holdings North America, LLC. f. Default and Remedies: Outlines the consequences in case of payment default or breach of any contractual obligations, and the proposed remedies. 2. Distinct Types of Hawaii Revolving Credit Agreements: Depending on the specific requirements and circumstances, different types of Hawaii Revolving Credit Agreements may exist between PCSupport.com, Inc. and ICE Holdings North America, LLC. These variations might include: a. Short-Term Revolving Credit Agreement: This type of agreement provides PCSupport.com, Inc. with access to a revolving line of credit for a short duration, typically less than one year. It is suitable for immediate working capital needs or bridging temporary cash flow gaps. b. Long-Term Revolving Credit Agreement: Unlike short-term agreements, long-term agreements extend the revolving credit availability for an extended period, often spanning several years. Such agreements are useful for larger, ongoing investment needs, such as business expansions, research and development projects, or capital equipment purchases. c. Secured Revolving Credit Agreement: In certain cases, PCSupport.com, Inc. may provide collateral (such as assets or accounts receivable) to secure the revolving credit facility, offering additional security for ICE Holdings North America, LLC. This type of agreement assures lenders of asset availability should repayment issues arise. d. Unsecured Revolving Credit Agreement: As an alternative, PCSupport.com, Inc. may enter into an unsecured revolving credit agreement, wherein no specific collateral is required. However, these agreements often come with higher interest rates to compensate for the increased risk borne by the lender. Conclusion: The Hawaii Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC plays a pivotal role in providing PCSupport.com, Inc. with essential financial flexibility. By understanding the different types of agreements and their unique attributes, PCSupport.com, Inc. can make informed decisions based on their financial needs and risk appetite while using this revolving credit facility to drive business growth effectively.