Missouri 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 Missouri Credit Agreement between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legally binding contract that outlines the terms and conditions of credit provided to Unilab Corp by these financial entities. This agreement is specifically designed for use in the state of Missouri and outlines the responsibilities, obligations, and rights of each party involved. It is crucial for businesses like Unilab Corp to secure credit agreements to meet their financial needs efficiently. The Missouri Credit Agreement typically includes key elements such as loan conditions, repayment terms, interest rates, collateral requirements, and any other relevant provisions agreed upon by the parties involved. Moreover, this agreement defines the lending institutions involved, including Bankers Trust Co and Merrill Lynch Capital Corp. These institutions may provide various types of credit agreements tailored to meet different business requirements. Some of these credit agreement types include: 1. Term Loan Agreement: Under this type of credit agreement, Unilab Corp may secure a fixed amount of funds from the lending institutions for a specified period. The loan must be repaid in regular installments over a predetermined term, typically with interest. 2. Revolving Credit Agreement: This type of credit agreement offers a line of credit to Unilab Corp, allowing them to borrow funds up to a predetermined limit. The borrower can withdraw and repay funds as needed. Interest is charged only on the amount borrowed, providing flexibility for short-term financing needs. 3. Asset-based Loan Agreement: This credit agreement type involves securing credit based on Unilab Corp's assets, such as inventory, accounts receivable, or equipment. Lending institutions may assess the value of these assets and provide credit accordingly. In case of default, the lender may liquidate the pledged assets to recover the outstanding balance. 4. Debenture Agreement: Under this credit agreement, Unilab Corp may issue debentures, which are essentially unsecured corporate bonds. These bonds serve as a form of long-term debt that provides funds to the issuer (Unilab Corp) while offering a fixed interest rate to bondholders. It is worth noting that the specific terms and conditions of credit agreements may vary depending on the financial position, creditworthiness, and negotiation between Unilab Corp and the lending institutions. Proper legal counsel and thorough due diligence are essential during the drafting and execution of these agreements to ensure compliance with Missouri state laws and regulations.

The Missouri Credit Agreement between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legally binding contract that outlines the terms and conditions of credit provided to Unilab Corp by these financial entities. This agreement is specifically designed for use in the state of Missouri and outlines the responsibilities, obligations, and rights of each party involved. It is crucial for businesses like Unilab Corp to secure credit agreements to meet their financial needs efficiently. The Missouri Credit Agreement typically includes key elements such as loan conditions, repayment terms, interest rates, collateral requirements, and any other relevant provisions agreed upon by the parties involved. Moreover, this agreement defines the lending institutions involved, including Bankers Trust Co and Merrill Lynch Capital Corp. These institutions may provide various types of credit agreements tailored to meet different business requirements. Some of these credit agreement types include: 1. Term Loan Agreement: Under this type of credit agreement, Unilab Corp may secure a fixed amount of funds from the lending institutions for a specified period. The loan must be repaid in regular installments over a predetermined term, typically with interest. 2. Revolving Credit Agreement: This type of credit agreement offers a line of credit to Unilab Corp, allowing them to borrow funds up to a predetermined limit. The borrower can withdraw and repay funds as needed. Interest is charged only on the amount borrowed, providing flexibility for short-term financing needs. 3. Asset-based Loan Agreement: This credit agreement type involves securing credit based on Unilab Corp's assets, such as inventory, accounts receivable, or equipment. Lending institutions may assess the value of these assets and provide credit accordingly. In case of default, the lender may liquidate the pledged assets to recover the outstanding balance. 4. Debenture Agreement: Under this credit agreement, Unilab Corp may issue debentures, which are essentially unsecured corporate bonds. These bonds serve as a form of long-term debt that provides funds to the issuer (Unilab Corp) while offering a fixed interest rate to bondholders. It is worth noting that the specific terms and conditions of credit agreements may vary depending on the financial position, creditworthiness, and negotiation between Unilab Corp and the lending institutions. Proper legal counsel and thorough due diligence are essential during the drafting and execution of these agreements to ensure compliance with Missouri state laws and regulations.