Michigan 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. The Michigan Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a legal document that outlines the terms and conditions for a credit facility provided to ADAC Laboratories by the financial institutions, with ABN AFRO Bank serving as the administrative agent. This agreement provides ADAC Laboratories with access to a line of credit for funding its operational and capital needs. By amending and restating the existing credit agreement, the parties involved aim to modify certain terms and provisions to better suit the current financial requirements and enhance the overall lending arrangement. Keywords: Michigan Amended and Restated Credit Agreement, ADAC Laboratories, financial institutions, ABN AFRO Bank, credit facility, terms and conditions, line of credit, operational needs, capital needs, amending, restating, provisions, lending arrangement. Different types of Michigan Amended and Restated Credit Agreements between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may include: 1. Revolving Credit Agreement: This type of credit agreement allows ADAC Laboratories to borrow funds up to a predetermined limit, repay the borrowed amount, and reborrow within the set time period. 2. Term Loan Agreement: In this type of credit agreement, ADAC Laboratories borrows a specified amount of funds for a set period and repays it in regular installments over time. 3. Syndicated Credit Agreement: It involves multiple financial institutions (syndicate) coming together to provide credit to ADAC Laboratories. ABN AFRO Bank, being the administrative agent, manages the syndicate and coordinates the lending activities. 4. Secured Credit Agreement: A credit agreement where ADAC Laboratories pledges collateral, such as assets or property, as security against the loan. This provides an added layer of protection for the financial institutions extending credit. 5. Unsecured Credit Agreement: This type of credit agreement does not require ADAC Laboratories to provide any collateral for the loan, relying solely on the company's creditworthiness and financial strength for approval. By tailoring the Michigan Amended and Restated Credit Agreement to these different types, ADAC Laboratories and the financial institutions can structure the lending arrangement to best suit their specific needs and risk preferences while ensuring efficient access to funding.

The Michigan Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a legal document that outlines the terms and conditions for a credit facility provided to ADAC Laboratories by the financial institutions, with ABN AFRO Bank serving as the administrative agent. This agreement provides ADAC Laboratories with access to a line of credit for funding its operational and capital needs. By amending and restating the existing credit agreement, the parties involved aim to modify certain terms and provisions to better suit the current financial requirements and enhance the overall lending arrangement. Keywords: Michigan Amended and Restated Credit Agreement, ADAC Laboratories, financial institutions, ABN AFRO Bank, credit facility, terms and conditions, line of credit, operational needs, capital needs, amending, restating, provisions, lending arrangement. Different types of Michigan Amended and Restated Credit Agreements between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may include: 1. Revolving Credit Agreement: This type of credit agreement allows ADAC Laboratories to borrow funds up to a predetermined limit, repay the borrowed amount, and reborrow within the set time period. 2. Term Loan Agreement: In this type of credit agreement, ADAC Laboratories borrows a specified amount of funds for a set period and repays it in regular installments over time. 3. Syndicated Credit Agreement: It involves multiple financial institutions (syndicate) coming together to provide credit to ADAC Laboratories. ABN AFRO Bank, being the administrative agent, manages the syndicate and coordinates the lending activities. 4. Secured Credit Agreement: A credit agreement where ADAC Laboratories pledges collateral, such as assets or property, as security against the loan. This provides an added layer of protection for the financial institutions extending credit. 5. Unsecured Credit Agreement: This type of credit agreement does not require ADAC Laboratories to provide any collateral for the loan, relying solely on the company's creditworthiness and financial strength for approval. By tailoring the Michigan Amended and Restated Credit Agreement to these different types, ADAC Laboratories and the financial institutions can structure the lending arrangement to best suit their specific needs and risk preferences while ensuring efficient access to funding.