The Louisiana Fourth Amendment to the Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus is a legally binding document that outlines the modifications made to the existing credit agreement between these parties. This amendment specifically pertains to financial and credit arrangements in the state of Louisiana. Keywords: Louisiana Fourth Amendment, Amended Restated Credit Agreement, Ray tel Medical Corp, Bank Boston, N.A., Banquet Paribus, modifications, financial, credit arrangements. This amendment serves to reflect alterations to the terms, conditions, and provisions of the initial credit agreement. It addresses various aspects such as the extension of credit, interest rates, payment terms, collateral, and default provisions specific to the state of Louisiana. The Louisiana Fourth Amendment acknowledges the changing financial circumstances or business needs of Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus, and outlines the terms under which modifications to the original credit agreement are permitted. This amendment ensures that all involved parties are legally protected and have a clear understanding of their rights and obligations. Different types or sections of the Louisiana Fourth Amendment to the Amended Restated Credit Agreement may include: 1. Credit Limit Adjustments: This section outlines any changes made to the maximum credit amount that Ray tel Medical Corp can borrow from Bank Boston, N.A. and Banquet Paribus, specifically in the context of Louisiana. 2. Interest Rate Modifications: This part specifies any adjustments made to the interest rates applicable to the credit facility, taking into consideration Louisiana's regulatory framework and financial conditions. 3. Payment Terms Revision: Here, any changes to the payment terms, including due dates, grace periods, or methods of payment, are detailed. These modifications may be influenced by Louisiana-specific regulations or the financial standing of the involved parties. 4. Collateral Requirements: This section explains any alterations relating to the collateral offered by Ray tel Medical Corp to secure the credit facility. Changes in the value, nature, or quantity of collateral required may be included. 5. Default Provisions: The Louisiana Fourth Amendment highlights any amendments made to the default provisions, grace periods, or remedies available to Bank Boston, N.A., and Banquet Paribus in the event that Ray tel Medical Corp fails to comply with its obligations under the agreement. It is essential for all parties involved to carefully review and understand the Louisiana Fourth Amendment to safeguard their rights and responsibilities in the credit agreement. Consulting legal and financial professionals familiar with Louisiana's commercial laws is advised to ensure compliance and mitigate any potential risks.
Louisiana Fourth Amendment to Amended Restated Credit Agreement between Raytel Medical Corp, Bank Boston, N.A. and Banque Paribas
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