Missouri Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9009
• Format: Word; Rich Text

Description

3rd Mod. of Am./Rest. Revolving Credit Loan & Sec. Agr., Am. to Loan Docs./ Assign. btwn Dixon Ticonderga Co. & Dixon Ticonderga, Inc. dated Sep. 30, 1999. 17 pages A Missouri Revolving Credit Loan and Security Agreement is a legally binding contract between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., outlining the terms and conditions of a revolving credit loan facility. This agreement allows Dixon Ticonderoga, Inc. to borrow funds from Dixon Ticonderoga Co. up to a predetermined credit limit, with the ability to repay and reborrow funds as necessary during the agreed-upon term. The key purpose of this agreement is to provide Dixon Ticonderoga, Inc. with the financial flexibility to meet its working capital needs, fund expansion or acquisitions, manage seasonal fluctuations in cash flow, and address other business requirements quickly and efficiently. The agreement serves as a mechanism to support the ongoing operations of Dixon Ticonderoga, Inc. while ensuring the lender, Dixon Ticonderoga Co., maintains a certain level of security. Important elements typically included in a Missouri Revolving Credit Loan and Security Agreement may involve: 1. Loan Amount and Credit Limit: The agreement precisely specifies the initial loan amount agreed upon and the credit limit, i.e., the maximum amount Dixon Ticonderoga, Inc. can borrow under the facility. 2. Interest Rate and Fee Structure: It details the interest rate charged on outstanding balances and any applicable fees associated with the revolving credit facility, such as origination fees or annual maintenance fees. 3. Term and Renewal: The agreement outlines the agreed-upon term during which Dixon Ticonderoga, Inc. can access funds and repay without triggering any default. It may also explain the process for renewing or extending the agreement if necessary. 4. Collateral and Security: As the name suggests, this agreement includes provisions regarding the collateral and security offered by Dixon Ticonderoga, Inc. to secure the loan. This could involve accounts receivable, inventory, equipment, or other valuable assets. 5. Financial Covenants: The agreement may impose certain financial ratios or requirements that Dixon Ticonderoga, Inc. must maintain to ensure its continued eligibility for the revolving credit facility. 6. Repayment Terms: It specifies how and when Dixon Ticonderoga, Inc. must repay the borrowed funds, including the minimum payment requirements and any prepayment penalties. Other types of Missouri Revolving Credit Loan and Security Agreements between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may vary based on specific terms and conditions agreed upon by the parties involved. These agreements typically cater to different borrowing needs, such as seasonal credit facilities, asset-based lending, or lines of credit specifically for equipment purchases. In conclusion, a Missouri Revolving Credit Loan and Security Agreement is a contractual document allowing Dixon Ticonderoga, Inc. access to borrowed funds from Dixon Ticonderoga Co., with predetermined terms and security measures in place. The agreement is designed to facilitate Dixon Ticonderoga, Inc.'s financial flexibility and support its ongoing operations.

A Missouri Revolving Credit Loan and Security Agreement is a legally binding contract between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., outlining the terms and conditions of a revolving credit loan facility. This agreement allows Dixon Ticonderoga, Inc. to borrow funds from Dixon Ticonderoga Co. up to a predetermined credit limit, with the ability to repay and reborrow funds as necessary during the agreed-upon term. The key purpose of this agreement is to provide Dixon Ticonderoga, Inc. with the financial flexibility to meet its working capital needs, fund expansion or acquisitions, manage seasonal fluctuations in cash flow, and address other business requirements quickly and efficiently. The agreement serves as a mechanism to support the ongoing operations of Dixon Ticonderoga, Inc. while ensuring the lender, Dixon Ticonderoga Co., maintains a certain level of security. Important elements typically included in a Missouri Revolving Credit Loan and Security Agreement may involve: 1. Loan Amount and Credit Limit: The agreement precisely specifies the initial loan amount agreed upon and the credit limit, i.e., the maximum amount Dixon Ticonderoga, Inc. can borrow under the facility. 2. Interest Rate and Fee Structure: It details the interest rate charged on outstanding balances and any applicable fees associated with the revolving credit facility, such as origination fees or annual maintenance fees. 3. Term and Renewal: The agreement outlines the agreed-upon term during which Dixon Ticonderoga, Inc. can access funds and repay without triggering any default. It may also explain the process for renewing or extending the agreement if necessary. 4. Collateral and Security: As the name suggests, this agreement includes provisions regarding the collateral and security offered by Dixon Ticonderoga, Inc. to secure the loan. This could involve accounts receivable, inventory, equipment, or other valuable assets. 5. Financial Covenants: The agreement may impose certain financial ratios or requirements that Dixon Ticonderoga, Inc. must maintain to ensure its continued eligibility for the revolving credit facility. 6. Repayment Terms: It specifies how and when Dixon Ticonderoga, Inc. must repay the borrowed funds, including the minimum payment requirements and any prepayment penalties. Other types of Missouri Revolving Credit Loan and Security Agreements between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may vary based on specific terms and conditions agreed upon by the parties involved. These agreements typically cater to different borrowing needs, such as seasonal credit facilities, asset-based lending, or lines of credit specifically for equipment purchases. In conclusion, a Missouri Revolving Credit Loan and Security Agreement is a contractual document allowing Dixon Ticonderoga, Inc. access to borrowed funds from Dixon Ticonderoga Co., with predetermined terms and security measures in place. The agreement is designed to facilitate Dixon Ticonderoga, Inc.'s financial flexibility and support its ongoing operations.