Indiana 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 The Indiana Revolving Credit Loan and Security Agreement is a legal contract between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., outlining the terms and conditions of a revolving credit loan and the security measures put in place to protect the lender's interests. This agreement serves as a binding document that governs the revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc. It establishes the rights and obligations of both parties involved, ensuring clarity and transparency in their financial relationship. Keywords: Indiana, Revolving Credit Loan, Security Agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc., legal contract, terms and conditions, revolving credit facility, security measures, lender's interests, rights and obligations, financial relationship. Different types of Indiana Revolving Credit Loan and Security Agreements that may exist between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. could include: 1. Basic Revolving Credit Agreement: This type of agreement outlines the primary terms and conditions for the revolving credit facility. It establishes the borrowing limit, interest rates, repayment terms, and any collateral requirements. 2. Secured Revolving Credit Agreement: In this agreement, additional security measures are implemented to safeguard the lender's investment. It may involve putting up specific assets or collateral, such as property or equipment, as a guarantee in case of default. 3. Unsecured Revolving Credit Agreement: This agreement might imply that the borrower does not need to provide any collateral to access the revolving credit line. However, it often results in higher interest rates to compensate for the increased risk for the lender. 4. Amended and Restated Revolving Credit Agreement: This type of agreement is used when the existing revolving credit loan terms need to be modified or updated. It allows both parties to make changes to the initial agreement while keeping the continuity of the loan intact. 5. Working Capital Revolving Credit Agreement: This specific agreement focuses on providing short-term funds for working capital needs. It allows Dixon Ticonderoga, Inc. to access funds as needed to manage its day-to-day operations, such as purchasing inventory or covering operating expenses. 6. Line of Credit Revolving Credit Agreement: This agreement establishes a predefined credit limit from which Dixon Ticonderoga, Inc. can borrow funds. It allows the borrower to withdraw funds as necessary and repay them within a specified period, ensuring flexibility and easy access to capital. By carefully defining the terms and conditions through these various types of agreements, both Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. can ensure a clear understanding of their financial obligations and maintain a beneficial working relationship.

The Indiana Revolving Credit Loan and Security Agreement is a legal contract between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., outlining the terms and conditions of a revolving credit loan and the security measures put in place to protect the lender's interests. This agreement serves as a binding document that governs the revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc. It establishes the rights and obligations of both parties involved, ensuring clarity and transparency in their financial relationship. Keywords: Indiana, Revolving Credit Loan, Security Agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc., legal contract, terms and conditions, revolving credit facility, security measures, lender's interests, rights and obligations, financial relationship. Different types of Indiana Revolving Credit Loan and Security Agreements that may exist between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. could include: 1. Basic Revolving Credit Agreement: This type of agreement outlines the primary terms and conditions for the revolving credit facility. It establishes the borrowing limit, interest rates, repayment terms, and any collateral requirements. 2. Secured Revolving Credit Agreement: In this agreement, additional security measures are implemented to safeguard the lender's investment. It may involve putting up specific assets or collateral, such as property or equipment, as a guarantee in case of default. 3. Unsecured Revolving Credit Agreement: This agreement might imply that the borrower does not need to provide any collateral to access the revolving credit line. However, it often results in higher interest rates to compensate for the increased risk for the lender. 4. Amended and Restated Revolving Credit Agreement: This type of agreement is used when the existing revolving credit loan terms need to be modified or updated. It allows both parties to make changes to the initial agreement while keeping the continuity of the loan intact. 5. Working Capital Revolving Credit Agreement: This specific agreement focuses on providing short-term funds for working capital needs. It allows Dixon Ticonderoga, Inc. to access funds as needed to manage its day-to-day operations, such as purchasing inventory or covering operating expenses. 6. Line of Credit Revolving Credit Agreement: This agreement establishes a predefined credit limit from which Dixon Ticonderoga, Inc. can borrow funds. It allows the borrower to withdraw funds as necessary and repay them within a specified period, ensuring flexibility and easy access to capital. By carefully defining the terms and conditions through these various types of agreements, both Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. can ensure a clear understanding of their financial obligations and maintain a beneficial working relationship.