Nebraska Credit Agreement between Southwest Royalties, Inc. and Bank One Texas

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9032
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Nebraska Credit Agreement between Southwest Royalties, Inc. and Bank One Texas is a legally binding contract that outlines the terms and conditions for obtaining credit facilities. This agreement is crucial for facilitating financial transactions between Southwest Royalties, Inc. — a company involved in the oil and gas industry — and Bank One Texas, a financial institution providing banking services in Nebraska. The agreement is aimed at establishing a credit line, specifying the rights and responsibilities of both parties involved. Keywords: Nebraska Credit Agreement, Southwest Royalties, Inc., Bank One Texas, legally binding contract, terms and conditions, credit facilities, financial transactions, oil and gas industry, banking services, credit line, rights and responsibilities. Types of Nebraska Credit Agreements between Southwest Royalties, Inc., and Bank One Texas: 1. Revolving Credit Agreement: A revolving credit agreement is a type of credit facility that allows Southwest Royalties, Inc. to borrow funds from Bank One Texas up to a specified credit limit. This agreement permits borrowing, repaying, and reborrowing within the credit limit, providing flexibility for the borrower's capital requirements. 2. Term Loan Agreement: A term loan agreement, on the other hand, establishes a specific amount of credit granted by Bank One Texas to Southwest Royalties, Inc. for a predetermined period. The borrower must repay the loan amount along with interest within the agreed-upon timeframe. 3. Working Capital Credit Agreement: A working capital credit agreement focuses on financing the day-to-day operational expenses of Southwest Royalties, Inc. It provides a credit line specifically designated for funding short-term obligations such as inventory purchase, payroll, and other operational costs. 4. Equipment Financing Agreement: In an equipment financing agreement, Bank One Texas extends credit to Southwest Royalties, Inc. specifically for the acquisition of equipment necessary for their oil and gas operations. The agreement outlines the terms of repayment, collateral, and any associated interest rates or fees. 5. Revolving Credit Facility with a Collateral Agreement: This type of Nebraska Credit Agreement involves establishing a revolving credit facility backed by collateral. It provides Southwest Royalties, Inc. with a credit line secured by specific assets, like real estate or equipment. By pledging collateral, the borrower reduces credit risk and may benefit from favorable interest rates. Note: It is important to consult legal experts or professionals experienced in Nebraska credit agreements when drafting or entering into any credit agreement to ensure compliance with regional laws and regulations.

Nebraska Credit Agreement between Southwest Royalties, Inc. and Bank One Texas is a legally binding contract that outlines the terms and conditions for obtaining credit facilities. This agreement is crucial for facilitating financial transactions between Southwest Royalties, Inc. — a company involved in the oil and gas industry — and Bank One Texas, a financial institution providing banking services in Nebraska. The agreement is aimed at establishing a credit line, specifying the rights and responsibilities of both parties involved. Keywords: Nebraska Credit Agreement, Southwest Royalties, Inc., Bank One Texas, legally binding contract, terms and conditions, credit facilities, financial transactions, oil and gas industry, banking services, credit line, rights and responsibilities. Types of Nebraska Credit Agreements between Southwest Royalties, Inc., and Bank One Texas: 1. Revolving Credit Agreement: A revolving credit agreement is a type of credit facility that allows Southwest Royalties, Inc. to borrow funds from Bank One Texas up to a specified credit limit. This agreement permits borrowing, repaying, and reborrowing within the credit limit, providing flexibility for the borrower's capital requirements. 2. Term Loan Agreement: A term loan agreement, on the other hand, establishes a specific amount of credit granted by Bank One Texas to Southwest Royalties, Inc. for a predetermined period. The borrower must repay the loan amount along with interest within the agreed-upon timeframe. 3. Working Capital Credit Agreement: A working capital credit agreement focuses on financing the day-to-day operational expenses of Southwest Royalties, Inc. It provides a credit line specifically designated for funding short-term obligations such as inventory purchase, payroll, and other operational costs. 4. Equipment Financing Agreement: In an equipment financing agreement, Bank One Texas extends credit to Southwest Royalties, Inc. specifically for the acquisition of equipment necessary for their oil and gas operations. The agreement outlines the terms of repayment, collateral, and any associated interest rates or fees. 5. Revolving Credit Facility with a Collateral Agreement: This type of Nebraska Credit Agreement involves establishing a revolving credit facility backed by collateral. It provides Southwest Royalties, Inc. with a credit line secured by specific assets, like real estate or equipment. By pledging collateral, the borrower reduces credit risk and may benefit from favorable interest rates. Note: It is important to consult legal experts or professionals experienced in Nebraska credit agreements when drafting or entering into any credit agreement to ensure compliance with regional laws and regulations.