North Carolina 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 Title: Comprehensive Overview of the North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp Introduction: In this detailed description, we will delve into the North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. We will explore the purpose of this agreement, its parties involved, and the potential types of credit agreements established. Additionally, we will highlight some relevant keywords. 1. Overview of the North Carolina Credit Agreement: The North Carolina Credit Agreement is a legally binding contract established between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement governs the terms and conditions of credit extended to Unilab Corp, a corporation based in North Carolina. It outlines the relationship, obligations, and rights of all parties involved. 2. Purpose and Objectives: The primary objective of the credit agreement is to provide Unilab Corp with necessary financial resources while ensuring a mutually beneficial partnership between the company and the lending institutions. The agreement establishes the terms, limitations, and conditions under which Unilab Corp can access credit facilities from the lending institutions. 3. Parties Involved: The key parties involved in the North Carolina Credit Agreement include: a) Unilab Corp: A North Carolina-based corporation seeking financial support for its operations, expansions, or projects. b) Various Lending Institutions: Refers to the collection of banks, financial organizations, and lending entities that collaborate to provide credit facilities to Unilab Corp. c) Bankers Trust Co: A specific lending institution engaged in the credit agreement as one of Unilab Corp's potential creditors. d) Merrill Lynch Capital Corp: Another lending institution involved in the credit agreement, acting as a potential creditor to Unilab Corp, based in North Carolina. 4. Types of North Carolina Credit Agreements: a) Revolving Credit Agreement: This type of credit agreement establishes a predetermined credit limit, allowing Unilab Corp to borrow funds as needed within those limits. Repayments and interest are typically calculated based on actual borrowings. b) Term Loan Credit Agreement: This agreement sets specific terms for a loan that Unilab Corp obtains upfront. The loan amount, interest rate, repayment schedule, and other relevant terms are outlined in this agreement. c) Line of Credit Agreement: Similar to a revolving credit agreement, this type allows Unilab Corp to access funds up to a predetermined limit, but interest is only charged on the borrowed amount. d) Secured Credit Agreement: This involves the use of collateral, such as assets or property, to secure the credit extended to Unilab Corp. In case of default, the lender may have the right to seize the collateral. e) Unsecured Credit Agreement: Contrary to a secured credit agreement, this type does not involve collateral. The lender extends credit based on the borrower's creditworthiness and financial standing. Conclusion: The North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a strategic contract that aims to facilitate financial assistance while establishing clear terms and conditions for all parties involved. By understanding the purpose, parties, and potential types of credit agreements, both Unilab Corp and the lending institutions can maintain a transparent and mutually beneficial relationship.

Title: Comprehensive Overview of the North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp Introduction: In this detailed description, we will delve into the North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. We will explore the purpose of this agreement, its parties involved, and the potential types of credit agreements established. Additionally, we will highlight some relevant keywords. 1. Overview of the North Carolina Credit Agreement: The North Carolina Credit Agreement is a legally binding contract established between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement governs the terms and conditions of credit extended to Unilab Corp, a corporation based in North Carolina. It outlines the relationship, obligations, and rights of all parties involved. 2. Purpose and Objectives: The primary objective of the credit agreement is to provide Unilab Corp with necessary financial resources while ensuring a mutually beneficial partnership between the company and the lending institutions. The agreement establishes the terms, limitations, and conditions under which Unilab Corp can access credit facilities from the lending institutions. 3. Parties Involved: The key parties involved in the North Carolina Credit Agreement include: a) Unilab Corp: A North Carolina-based corporation seeking financial support for its operations, expansions, or projects. b) Various Lending Institutions: Refers to the collection of banks, financial organizations, and lending entities that collaborate to provide credit facilities to Unilab Corp. c) Bankers Trust Co: A specific lending institution engaged in the credit agreement as one of Unilab Corp's potential creditors. d) Merrill Lynch Capital Corp: Another lending institution involved in the credit agreement, acting as a potential creditor to Unilab Corp, based in North Carolina. 4. Types of North Carolina Credit Agreements: a) Revolving Credit Agreement: This type of credit agreement establishes a predetermined credit limit, allowing Unilab Corp to borrow funds as needed within those limits. Repayments and interest are typically calculated based on actual borrowings. b) Term Loan Credit Agreement: This agreement sets specific terms for a loan that Unilab Corp obtains upfront. The loan amount, interest rate, repayment schedule, and other relevant terms are outlined in this agreement. c) Line of Credit Agreement: Similar to a revolving credit agreement, this type allows Unilab Corp to access funds up to a predetermined limit, but interest is only charged on the borrowed amount. d) Secured Credit Agreement: This involves the use of collateral, such as assets or property, to secure the credit extended to Unilab Corp. In case of default, the lender may have the right to seize the collateral. e) Unsecured Credit Agreement: Contrary to a secured credit agreement, this type does not involve collateral. The lender extends credit based on the borrower's creditworthiness and financial standing. Conclusion: The North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a strategic contract that aims to facilitate financial assistance while establishing clear terms and conditions for all parties involved. By understanding the purpose, parties, and potential types of credit agreements, both Unilab Corp and the lending institutions can maintain a transparent and mutually beneficial relationship.