Louisiana 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. The Louisiana Revolving Credit Agreement is a legally binding contract between PCSupport.com, Inc. and ICE Holdings North America, LLC, outlining the terms and conditions of a revolving line of credit in the state of Louisiana. This agreement provides detailed provisions and guidelines pertaining to the borrowing and lending of funds between the two parties. The agreement establishes the nature, duration, and limits of the revolving credit facility. It sets out the principal amount available for borrowing, the interest rate, and the repayment terms. The terms of this agreement are designed to provide flexibility to PCSupport.com, Inc. while ensuring the financial interest of ICE Holdings North America, LLC is protected. One type of Louisiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC may be based on a secured revolving line of credit. This type of agreement requires PCSupport.com, Inc. to pledge assets such as accounts receivable, inventory, or equipment as collateral for the credit facility. By doing so, PCSupport.com, Inc. provides security to ICE Holdings North America, LLC and reduces the risk associated with the credit arrangement. Another type of Louisiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC could be an unsecured revolving line of credit. In this scenario, PCSupport.com, Inc. is not required to provide collateral but may be subject to higher interest rates and stricter repayment terms to compensate for the increased risk undertaken by ICE Holdings North America, LLC. The Louisiana Revolving Credit Agreement also outlines the events of default and the remedies available to ICE Holdings North America, LLC should PCSupport.com, Inc. fail to meet its obligations. These events may include non-payment, breach of covenants, or any other terms specified in the agreement. Furthermore, the agreement governs the rights and obligations of both parties, including issues related to termination, amendments, and disputes. It establishes a framework for communication and resolution of conflicts and ensures that both PCSupport.com, Inc. and ICE Holdings North America, LLC are aware of their responsibilities and rights under the Louisiana Revolving Credit Agreement. Overall, the Louisiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC serves as a comprehensive document that safeguards the interests of both parties involved in the credit arrangement. It provides a clear understanding of the terms and conditions governing the revolving line of credit and helps maintain a mutually beneficial business relationship.

The Louisiana Revolving Credit Agreement is a legally binding contract between PCSupport.com, Inc. and ICE Holdings North America, LLC, outlining the terms and conditions of a revolving line of credit in the state of Louisiana. This agreement provides detailed provisions and guidelines pertaining to the borrowing and lending of funds between the two parties. The agreement establishes the nature, duration, and limits of the revolving credit facility. It sets out the principal amount available for borrowing, the interest rate, and the repayment terms. The terms of this agreement are designed to provide flexibility to PCSupport.com, Inc. while ensuring the financial interest of ICE Holdings North America, LLC is protected. One type of Louisiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC may be based on a secured revolving line of credit. This type of agreement requires PCSupport.com, Inc. to pledge assets such as accounts receivable, inventory, or equipment as collateral for the credit facility. By doing so, PCSupport.com, Inc. provides security to ICE Holdings North America, LLC and reduces the risk associated with the credit arrangement. Another type of Louisiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC could be an unsecured revolving line of credit. In this scenario, PCSupport.com, Inc. is not required to provide collateral but may be subject to higher interest rates and stricter repayment terms to compensate for the increased risk undertaken by ICE Holdings North America, LLC. The Louisiana Revolving Credit Agreement also outlines the events of default and the remedies available to ICE Holdings North America, LLC should PCSupport.com, Inc. fail to meet its obligations. These events may include non-payment, breach of covenants, or any other terms specified in the agreement. Furthermore, the agreement governs the rights and obligations of both parties, including issues related to termination, amendments, and disputes. It establishes a framework for communication and resolution of conflicts and ensures that both PCSupport.com, Inc. and ICE Holdings North America, LLC are aware of their responsibilities and rights under the Louisiana Revolving Credit Agreement. Overall, the Louisiana Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC serves as a comprehensive document that safeguards the interests of both parties involved in the credit arrangement. It provides a clear understanding of the terms and conditions governing the revolving line of credit and helps maintain a mutually beneficial business relationship.