Indiana 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 Indiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: The Indiana Revolving Credit Agreement is a legal contract that outlines the terms and conditions of a revolving credit facility between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement serves as a financial arrangement to provide flexibility for PCSupport.com, Inc. to access funds as needed, while ICE Holdings North America, LLC acts as the lender. Keywords: Indiana Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, legal contract, terms and conditions, revolving credit facility, financial arrangement, flexibility, lender. Overview of the Indiana Revolving Credit Agreement: The Indiana Revolving Credit Agreement is a comprehensive contract that establishes the parameters and guidelines for a revolving credit facility between PCSupport.com, Inc. and ICE Holdings North America, LLC. It governs the lending and borrowing relationship between both entities, enabling PCSupport.com, Inc. to draw funds from the credit line or repay outstanding amounts based on their operational requirements. Types of Indiana Revolving Credit Agreements: While the terms of the credit facility may vary, multiple types of Indiana Revolving Credit Agreements can be established between PCSupport.com, Inc. and ICE Holdings North America, LLC, based on specific needs and durations. Some common types include: 1. Basic Revolving Credit Agreement: This type of agreement offers a standard credit facility with predefined limits, interest rates, repayment terms, and any additional provisions agreed upon by both parties. 2. Seasonal Revolving Credit Agreement: Designed to help businesses with seasonal fluctuations, this type of agreement provides increased borrowing flexibility during peak seasons, while allowing for reduced borrowing or repayment during off-peak periods. 3. Overdraft Protection Revolving Credit Agreement: This agreement acts as a safeguard against potential overdrafts in the operational bank account of PCSupport.com, Inc. and allows for funds to be automatically transferred to cover any shortfalls while charging interest on the amount utilized. 4. Asset-Based Revolving Credit Agreement: This variant is secured against specific assets held by PCSupport.com, Inc., such as accounts receivable or inventory. The credit line is determined based on the value of these assets, enabling enhanced borrowing capabilities. Important Considerations within the Agreement: The Indiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC may cover various essential points, including: 1. Borrowing Limit: This states the maximum amount PCSupport.com, Inc. can access from the revolving credit facility at any given time. 2. Interest Rates and Fees: Defines the interest rate applied to the borrowed funds and outlines any associated fees or costs, such as an origination fee or commitment fee. 3. Repayment Terms: Specifies the repayment schedule, including any installment amounts or minimum monthly payments, alongside the procedure for making payments. 4. Default Provisions: Outlines the consequences of non-compliance with the terms and conditions of the agreement, including potential penalties or changes in interest rates. Conclusion: The Indiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC serves as an essential financial tool, providing PCSupport.com, Inc. with flexible access to funds while ensuring responsibilities and obligations are clearly defined. By establishing this agreement, both parties work collaboratively to foster a sustainable and beneficial lending relationship suited to the specific needs of PCSupport.com, Inc. Keywords: Indiana Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, financial tool, flexible access to funds, responsibilities, obligations, lending relationship.

Title: Understanding the Indiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: The Indiana Revolving Credit Agreement is a legal contract that outlines the terms and conditions of a revolving credit facility between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement serves as a financial arrangement to provide flexibility for PCSupport.com, Inc. to access funds as needed, while ICE Holdings North America, LLC acts as the lender. Keywords: Indiana Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, legal contract, terms and conditions, revolving credit facility, financial arrangement, flexibility, lender. Overview of the Indiana Revolving Credit Agreement: The Indiana Revolving Credit Agreement is a comprehensive contract that establishes the parameters and guidelines for a revolving credit facility between PCSupport.com, Inc. and ICE Holdings North America, LLC. It governs the lending and borrowing relationship between both entities, enabling PCSupport.com, Inc. to draw funds from the credit line or repay outstanding amounts based on their operational requirements. Types of Indiana Revolving Credit Agreements: While the terms of the credit facility may vary, multiple types of Indiana Revolving Credit Agreements can be established between PCSupport.com, Inc. and ICE Holdings North America, LLC, based on specific needs and durations. Some common types include: 1. Basic Revolving Credit Agreement: This type of agreement offers a standard credit facility with predefined limits, interest rates, repayment terms, and any additional provisions agreed upon by both parties. 2. Seasonal Revolving Credit Agreement: Designed to help businesses with seasonal fluctuations, this type of agreement provides increased borrowing flexibility during peak seasons, while allowing for reduced borrowing or repayment during off-peak periods. 3. Overdraft Protection Revolving Credit Agreement: This agreement acts as a safeguard against potential overdrafts in the operational bank account of PCSupport.com, Inc. and allows for funds to be automatically transferred to cover any shortfalls while charging interest on the amount utilized. 4. Asset-Based Revolving Credit Agreement: This variant is secured against specific assets held by PCSupport.com, Inc., such as accounts receivable or inventory. The credit line is determined based on the value of these assets, enabling enhanced borrowing capabilities. Important Considerations within the Agreement: The Indiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC may cover various essential points, including: 1. Borrowing Limit: This states the maximum amount PCSupport.com, Inc. can access from the revolving credit facility at any given time. 2. Interest Rates and Fees: Defines the interest rate applied to the borrowed funds and outlines any associated fees or costs, such as an origination fee or commitment fee. 3. Repayment Terms: Specifies the repayment schedule, including any installment amounts or minimum monthly payments, alongside the procedure for making payments. 4. Default Provisions: Outlines the consequences of non-compliance with the terms and conditions of the agreement, including potential penalties or changes in interest rates. Conclusion: The Indiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC serves as an essential financial tool, providing PCSupport.com, Inc. with flexible access to funds while ensuring responsibilities and obligations are clearly defined. By establishing this agreement, both parties work collaboratively to foster a sustainable and beneficial lending relationship suited to the specific needs of PCSupport.com, Inc. Keywords: Indiana Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, financial tool, flexible access to funds, responsibilities, obligations, lending relationship.