Kentucky 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. One type of Kentucky Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a secured revolving credit agreement. This agreement allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC on an as-needed basis, up to a predetermined credit limit. The credit limit is secured against the assets of PCSupport.com, Inc., offering a level of protection for ICE Holdings North America, LLC. The main purpose of this Kentucky Revolving Credit Agreement is to provide PCSupport.com, Inc. with the flexibility to access funds when necessary, enabling them to manage their working capital requirements effectively. This type of credit facility is especially crucial for companies that experience fluctuating cash flows or have ongoing operational needs. Under this agreement, PCSupport.com, Inc. can repay the borrowed funds and then borrow again, repeatedly, within the credit limit, depending on their business needs. The interest rate charged on the borrowed funds may vary, typically being tied to a benchmark rate such as the LIBOR or prime rate, plus an agreed-upon margin. This ensures that the cost of borrowing reflects prevailing market conditions. Furthermore, this Kentucky Revolving Credit Agreement may provide provisions for repayment schedules, maturity dates, and any associated fees or charges. It may outline conditions for prepayment, default, and remedies available to both parties in case of non-compliance or breach of the agreement terms. PCSUpport.com, Inc. and ICE Holdings North America, LLC may also consider other types of Kentucky Revolving Credit Agreements tailored to their specific needs. Some possible variations could include unsecured revolving credit agreements, which wouldn't require collateral but might result in higher interest rates due to increased risk for the lender. Additionally, there could be various agreements with distinct maturity dates, credit limits, and interest rate structures to accommodate different financial situations or funding requirements. In summary, the Kentucky Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a flexible credit facility that allows PCSupport.com, Inc. to access funds as needed, up to a predetermined credit limit. It provides essential working capital support and can be customized to meet the specific requirements and risk tolerance of both parties.

One type of Kentucky Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a secured revolving credit agreement. This agreement allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC on an as-needed basis, up to a predetermined credit limit. The credit limit is secured against the assets of PCSupport.com, Inc., offering a level of protection for ICE Holdings North America, LLC. The main purpose of this Kentucky Revolving Credit Agreement is to provide PCSupport.com, Inc. with the flexibility to access funds when necessary, enabling them to manage their working capital requirements effectively. This type of credit facility is especially crucial for companies that experience fluctuating cash flows or have ongoing operational needs. Under this agreement, PCSupport.com, Inc. can repay the borrowed funds and then borrow again, repeatedly, within the credit limit, depending on their business needs. The interest rate charged on the borrowed funds may vary, typically being tied to a benchmark rate such as the LIBOR or prime rate, plus an agreed-upon margin. This ensures that the cost of borrowing reflects prevailing market conditions. Furthermore, this Kentucky Revolving Credit Agreement may provide provisions for repayment schedules, maturity dates, and any associated fees or charges. It may outline conditions for prepayment, default, and remedies available to both parties in case of non-compliance or breach of the agreement terms. PCSUpport.com, Inc. and ICE Holdings North America, LLC may also consider other types of Kentucky Revolving Credit Agreements tailored to their specific needs. Some possible variations could include unsecured revolving credit agreements, which wouldn't require collateral but might result in higher interest rates due to increased risk for the lender. Additionally, there could be various agreements with distinct maturity dates, credit limits, and interest rate structures to accommodate different financial situations or funding requirements. In summary, the Kentucky Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a flexible credit facility that allows PCSupport.com, Inc. to access funds as needed, up to a predetermined credit limit. It provides essential working capital support and can be customized to meet the specific requirements and risk tolerance of both parties.