Mississippi Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding agreement that outlines the terms and conditions for a revolving credit facility between the two parties. This agreement enables PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC up to a predetermined limit and allows for repayment and subsequent re-borrowing as needed, within specified parameters. Keywords: Mississippi, revolving credit agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, terms and conditions, funds, borrowing, repayment, re-borrowing, parameters. There are different types of Mississippi Revolving Credit Agreements that can be established between PCSupport.com, Inc. and ICE Holdings North America, LLC, depending on the specific needs and requirements of the parties involved. Some of these agreements may include: 1. Secured Revolving Credit Agreement: This type of agreement involves providing collateral or security against the borrowed funds. PCSupport.com, Inc. may offer certain assets or guarantees as collateral to secure the credit facility provided by ICE Holdings North America, LLC. In the event of default, ICE Holdings North America, LLC can enforce the security to recover their funds. 2. Unsecured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. does not provide any collateral or security to back the credit facility. This implies that the credit is extended solely based on the creditworthiness and financial stability of PCSupport.com, Inc. If the borrower defaults, ICE Holdings North America, LLC may not have any specific assets to claim against, which may result in higher interest rates or stricter terms. 3. Floating Interest Rate Revolving Credit Agreement: This type of agreement incorporates a variable interest rate that changes over time based on prevailing market rates. The interest rate on the credit facility will be determined periodically, usually linked to a benchmark rate such as LIBOR (London Interbank Offered Rate). The interest payable by PCSupport.com, Inc. will fluctuate in accordance with the changes in the benchmark rate. 4. Fixed Interest Rate Revolving Credit Agreement: In contrast to the floating interest rate agreement, this type of credit agreement maintains a fixed interest rate throughout the term of the agreement. PCSupport.com, Inc. and ICE Holdings North America, LLC agree on a predetermined interest rate that remains unchanged, offering stability in interest payments for PCSupport.com, Inc. These various types of Mississippi Revolving Credit Agreements allow PCSupport.com, Inc. and ICE Holdings North America, LLC to tailor their credit arrangement to suit their specific financial needs and risk tolerances.
Mississippi Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC
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