North Carolina Loan Agreement between Laclede Gas Co., Mercantile Bank National Assoc., Bank of America and Credit Suisse First Boston

• Category: Corporations - Public - Loans
• State: Multi-State
• Control #: US-EG-9006
• Format: Word; Rich Text

Description

Loan Agreement between Laclede Gas Co., Mercantile Bank Nat'l Assoc., Bank of America and Credit Suisse First Boston dated Oct. 22, 1999. 35 pages The North Carolina Loan Agreement between Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston is a legally binding contract established to outline the terms and conditions under which a loan is provided to Lacked Gas Co. by the aforementioned financial institutions. This agreement is specifically crafted to facilitate financial transactions involving Lacked Gas Co., a notable gas utility company operating in North Carolina. By entering into this agreement, Lacked Gas Co. can obtain the necessary funds to support its operations, infrastructure development, or any other specific needs outlined in the agreement. Key provisions of the North Carolina Loan Agreement may include: 1. Loan Amount: Specifies the total amount of funds to be borrowed by Lacked Gas Co. from the lending institutions. 2. Interest Rate: Defines the interest rate applicable to the loan amount, which determines the cost of borrowing for Lacked Gas Co. The rate may be fixed or variable, depending on the agreement. 3. Term and Repayment Schedule: Outlines the duration of the loan and establishes a repayment plan. It may include provisions for installment payments, balloon payments, or any other mutually agreed-upon repayment structure. 4. Collateral: Enumerates the assets or collateral provided by Lacked Gas Co. to secure the loan, ensuring that the lenders have recourse in case of default. 5. Covenants and Conditions: Specifies any additional requirements or conditions that Lacked Gas Co. must adhere to during the term of the loan. These conditions may include financial performance benchmarks, reporting obligations, maintenance of insurance coverage, or compliance with applicable laws and regulations. It's important to note that there could be different types of North Carolina Loan Agreements between Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston. The specific types will differ based on various factors, such as the purpose of the loan, the loan amount, the repayment terms, and the financial institutions involved. For instance, there might be agreements tailored for long-term infrastructure financing, short-term working capital loans, or revolving credit facilities, among others. By establishing a comprehensive and mutually beneficial North Carolina Loan Agreement, Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston can effectively manage their financial relationship, mitigate risks, and ensure a transparent and legally binding framework for the loan transaction.

The North Carolina Loan Agreement between Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston is a legally binding contract established to outline the terms and conditions under which a loan is provided to Lacked Gas Co. by the aforementioned financial institutions. This agreement is specifically crafted to facilitate financial transactions involving Lacked Gas Co., a notable gas utility company operating in North Carolina. By entering into this agreement, Lacked Gas Co. can obtain the necessary funds to support its operations, infrastructure development, or any other specific needs outlined in the agreement. Key provisions of the North Carolina Loan Agreement may include: 1. Loan Amount: Specifies the total amount of funds to be borrowed by Lacked Gas Co. from the lending institutions. 2. Interest Rate: Defines the interest rate applicable to the loan amount, which determines the cost of borrowing for Lacked Gas Co. The rate may be fixed or variable, depending on the agreement. 3. Term and Repayment Schedule: Outlines the duration of the loan and establishes a repayment plan. It may include provisions for installment payments, balloon payments, or any other mutually agreed-upon repayment structure. 4. Collateral: Enumerates the assets or collateral provided by Lacked Gas Co. to secure the loan, ensuring that the lenders have recourse in case of default. 5. Covenants and Conditions: Specifies any additional requirements or conditions that Lacked Gas Co. must adhere to during the term of the loan. These conditions may include financial performance benchmarks, reporting obligations, maintenance of insurance coverage, or compliance with applicable laws and regulations. It's important to note that there could be different types of North Carolina Loan Agreements between Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston. The specific types will differ based on various factors, such as the purpose of the loan, the loan amount, the repayment terms, and the financial institutions involved. For instance, there might be agreements tailored for long-term infrastructure financing, short-term working capital loans, or revolving credit facilities, among others. By establishing a comprehensive and mutually beneficial North Carolina Loan Agreement, Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston can effectively manage their financial relationship, mitigate risks, and ensure a transparent and legally binding framework for the loan transaction.