Maine Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9230
• Format: Word; Rich Text

Description

Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank, N.V. regarding the addition of a new person as a lender and to increase the amount available for borrowing dated March 29, 1999. 63 pages. Maine Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a legal document that outlines the revised terms and conditions for a credit facility provided by ABN AFRO Bank to ADAC Laboratories, with the participation of multiple financial institutions in the state of Maine. This agreement offers enhanced flexibility for ADAC Laboratories to manage its financial needs and secure additional funds from the mentioned financial institutions. The main purpose of this agreement is to amend and restate the existing credit agreement between ADAC Laboratories and ABN AFRO Bank, taking into account the changing financial requirements and market conditions. By amending the agreement, both parties aim to ensure a more beneficial and sustainable financial structure for ADAC Laboratories, optimizing its operations and pursuing further growth opportunities. The Maine Amended and Restated Credit Agreement consists of several key components: 1. Loan facility: This agreement establishes a certain amount of credit facility that ADAC Laboratories can obtain from ABN AFRO Bank and the participating financial institutions. The specific types of loan facilities within this agreement can vary based on ADAC Laboratories' financial needs, but commonly include revolving credit facilities, term loans, and overdraft facilities. 2. Revised terms and conditions: The agreement will define the new terms and conditions applicable to the credit facility. This may include changes in the interest rates, repayment schedules, maturity dates, borrowing limits, and other clauses that govern the borrower-lender relationship. 3. Collateral and security: The agreement will specify the collateral ADAC Laboratories must provide to secure the credit facility. This can include assets owned by the company, such as property, equipment, inventory, or accounts receivable. The collateral offers a measure of security for the lenders in case the borrower fails to fulfill its obligations. 4. Covenants and representations: Various covenants and representations will be outlined in the agreement to ensure ADAC Laboratories' compliance with certain financial and operational conditions. These may include maintaining a certain level of financial ratios, providing financial statements periodically, restricting the occurrence of additional debt, and notifying the lenders of material events or changes in the company's business. 5. Participating financial institutions: The agreement may name the specific financial institutions participating in the credit facility alongside ABN AFRO Bank. These institutions collaborate to distribute the lending risk and share exposure, creating a syndicated loan structure. It is worth noting that there can be different types of Maine Amended and Restated Credit Agreements between ADAC Laboratories, various financial institutions, and ABN AFRO Bank, as the specific terms and conditions can vary based on the company's requirements. The agreement may also be subject to different amendments or restatements over time to accommodate changing circumstances.

Maine Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a legal document that outlines the revised terms and conditions for a credit facility provided by ABN AFRO Bank to ADAC Laboratories, with the participation of multiple financial institutions in the state of Maine. This agreement offers enhanced flexibility for ADAC Laboratories to manage its financial needs and secure additional funds from the mentioned financial institutions. The main purpose of this agreement is to amend and restate the existing credit agreement between ADAC Laboratories and ABN AFRO Bank, taking into account the changing financial requirements and market conditions. By amending the agreement, both parties aim to ensure a more beneficial and sustainable financial structure for ADAC Laboratories, optimizing its operations and pursuing further growth opportunities. The Maine Amended and Restated Credit Agreement consists of several key components: 1. Loan facility: This agreement establishes a certain amount of credit facility that ADAC Laboratories can obtain from ABN AFRO Bank and the participating financial institutions. The specific types of loan facilities within this agreement can vary based on ADAC Laboratories' financial needs, but commonly include revolving credit facilities, term loans, and overdraft facilities. 2. Revised terms and conditions: The agreement will define the new terms and conditions applicable to the credit facility. This may include changes in the interest rates, repayment schedules, maturity dates, borrowing limits, and other clauses that govern the borrower-lender relationship. 3. Collateral and security: The agreement will specify the collateral ADAC Laboratories must provide to secure the credit facility. This can include assets owned by the company, such as property, equipment, inventory, or accounts receivable. The collateral offers a measure of security for the lenders in case the borrower fails to fulfill its obligations. 4. Covenants and representations: Various covenants and representations will be outlined in the agreement to ensure ADAC Laboratories' compliance with certain financial and operational conditions. These may include maintaining a certain level of financial ratios, providing financial statements periodically, restricting the occurrence of additional debt, and notifying the lenders of material events or changes in the company's business. 5. Participating financial institutions: The agreement may name the specific financial institutions participating in the credit facility alongside ABN AFRO Bank. These institutions collaborate to distribute the lending risk and share exposure, creating a syndicated loan structure. It is worth noting that there can be different types of Maine Amended and Restated Credit Agreements between ADAC Laboratories, various financial institutions, and ABN AFRO Bank, as the specific terms and conditions can vary based on the company's requirements. The agreement may also be subject to different amendments or restatements over time to accommodate changing circumstances.