Louisiana Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages The Louisiana Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive financial agreement that outlines the terms and conditions of credit facilities extended to Unilab Corp by various lending institutions in Louisiana. This agreement aims to facilitate Unilab Corp's access to credit and meet its funding requirements for various business activities. Keywords: Louisiana Credit Agreement, Unilab Corp, Various Lending Institutions, Bankers Trust Co, Merrill Lynch Capital Corp. 1. Overview: The Louisiana Credit Agreement serves as the governing document for the credit relationship between Unilab Corp and the participating lending institutions, namely Bankers Trust Co and Merrill Lynch Capital Corp. This agreement specifies the terms, conditions, and obligations of all parties involved. 2. Types of Louisiana Credit Agreements: a. Revolving Credit Facility: This type of credit agreement provides Unilab Corp with a renewable line of credit, allowing them to borrow up to a predetermined limit as per their financial needs. The unused portions of the credit facility can be reutilized during the agreed-upon term. b. Term Loan: Under this specific type of credit agreement, Unilab Corp receives a lump sum loan from the lending institutions which is to be repaid over a fixed period, typically with regular interest payments until the principal is fully repaid. 3. Purpose and Usage: The Louisiana Credit Agreement is designed to support Unilab Corp in financing their operational requirements, capital expenditure, working capital needs, or any other legitimate business purpose deemed necessary by Unilab Corp. 4. Collateral and Security: The agreement outlines the collateral or security provided by Unilab Corp to the participating lending institutions to secure the credit facilities provided. This could include real estate, equipment, inventory, accounts receivable, securities, or any other assets acceptable to the lenders. 5. Interest Rates and Fees: The specific interest rates and fees applicable to the credit facilities are detailed in the agreement. These may vary depending on the type of credit facility utilized, prevailing market conditions, creditworthiness of Unilab Corp, and the agreed-upon terms negotiated by the parties. 6. Repayment Terms: The agreement stipulates the repayment terms, including the repayment period, installment schedules, and any principal amortization requirements. This ensures clarity regarding the timeline and structure of loan repayments. 7. Covenants and Conditions: The Louisiana Credit Agreement includes various covenants and conditions that Unilab Corp must adhere to for the duration of the credit facilities. These requirements may involve financial reporting obligations, maintenance of certain financial ratios, restrictions on additional debt, or limitations on capital expenditures, among others. 8. Default and Remedies: The agreement outlines the scenarios that could lead to default, such as failure to make timely payments, breach of covenants, or insolvency. It also highlights the remedies available to the lending institutions in case of default, which may include acceleration of the loan, imposition of penalties, or even legal action. In conclusion, the Louisiana Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp establishes a framework for providing credit facilities to Unilab Corp in order to meet its financial requirements. By clearly defining the terms, conditions, and obligations of all parties involved, this agreement ensures transparency, reliability, and legal protection for all stakeholders.

The Louisiana Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive financial agreement that outlines the terms and conditions of credit facilities extended to Unilab Corp by various lending institutions in Louisiana. This agreement aims to facilitate Unilab Corp's access to credit and meet its funding requirements for various business activities. Keywords: Louisiana Credit Agreement, Unilab Corp, Various Lending Institutions, Bankers Trust Co, Merrill Lynch Capital Corp. 1. Overview: The Louisiana Credit Agreement serves as the governing document for the credit relationship between Unilab Corp and the participating lending institutions, namely Bankers Trust Co and Merrill Lynch Capital Corp. This agreement specifies the terms, conditions, and obligations of all parties involved. 2. Types of Louisiana Credit Agreements: a. Revolving Credit Facility: This type of credit agreement provides Unilab Corp with a renewable line of credit, allowing them to borrow up to a predetermined limit as per their financial needs. The unused portions of the credit facility can be reutilized during the agreed-upon term. b. Term Loan: Under this specific type of credit agreement, Unilab Corp receives a lump sum loan from the lending institutions which is to be repaid over a fixed period, typically with regular interest payments until the principal is fully repaid. 3. Purpose and Usage: The Louisiana Credit Agreement is designed to support Unilab Corp in financing their operational requirements, capital expenditure, working capital needs, or any other legitimate business purpose deemed necessary by Unilab Corp. 4. Collateral and Security: The agreement outlines the collateral or security provided by Unilab Corp to the participating lending institutions to secure the credit facilities provided. This could include real estate, equipment, inventory, accounts receivable, securities, or any other assets acceptable to the lenders. 5. Interest Rates and Fees: The specific interest rates and fees applicable to the credit facilities are detailed in the agreement. These may vary depending on the type of credit facility utilized, prevailing market conditions, creditworthiness of Unilab Corp, and the agreed-upon terms negotiated by the parties. 6. Repayment Terms: The agreement stipulates the repayment terms, including the repayment period, installment schedules, and any principal amortization requirements. This ensures clarity regarding the timeline and structure of loan repayments. 7. Covenants and Conditions: The Louisiana Credit Agreement includes various covenants and conditions that Unilab Corp must adhere to for the duration of the credit facilities. These requirements may involve financial reporting obligations, maintenance of certain financial ratios, restrictions on additional debt, or limitations on capital expenditures, among others. 8. Default and Remedies: The agreement outlines the scenarios that could lead to default, such as failure to make timely payments, breach of covenants, or insolvency. It also highlights the remedies available to the lending institutions in case of default, which may include acceleration of the loan, imposition of penalties, or even legal action. In conclusion, the Louisiana Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp establishes a framework for providing credit facilities to Unilab Corp in order to meet its financial requirements. By clearly defining the terms, conditions, and obligations of all parties involved, this agreement ensures transparency, reliability, and legal protection for all stakeholders.