Nebraska 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 Nebraska 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 under which credit will be extended to Unilab Corp by the lending institutions. This credit agreement serves as a vital financial tool for Unilab Corp, providing them with the necessary funds to support their business operations, capital investments, and other financial needs. It is a comprehensive document that encompasses the key provisions of the agreement, ensuring clear communication and understanding between all parties involved. Some important components covered in the Nebraska Credit Agreement may include: 1. Loan Amount and Purpose: The agreement specifies the amount of credit that will be provided to Unilab Corp. Additionally, it defines the purpose for which the funds will be used, such as expansion, research and development, working capital, or other specific business needs. 2. Interest Rate and Repayment Terms: The credit agreement outlines the interest rate at which Unilab Corp will be charged for the credit extended. It also defines the repayment terms, such as the repayment period, frequency of payments, and any other conditions related to the repayment schedule. 3. Collateral and Security: This section clarifies whether any collateral or security is required by the lending institutions to mitigate their risk. It may include assets pledged by Unilab Corp, guarantees provided by the company or its owners, or other security arrangements. 4. Representations and Warranties: Both Unilab Corp and the lending institutions make certain representations and warranties in the agreement. This ensures that the parties involved have provided accurate and truthful information about their financial standing, legal capacity, and other relevant aspects. 5. Covenants and Restrictions: The credit agreement may contain covenants and restrictions imposed on Unilab Corp to provide certain assurances to the lending institutions. These can include debt-to-equity ratios, maintenance of financial ratios, limitations on additional borrowing, restrictions on asset sales, or the requirement to provide periodic financial statements. 6. Events of Default and Remedies: This section outlines the events or conditions that would be considered a default by Unilab Corp. It further explains the remedies available to the lending institutions in case of default, including the right to accelerate the repayment, additional fees, or the imposition of penalties. Different types of Nebraska Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp can be categorized based on their purpose or specific provisions. Some potential types include: 1. Working Capital Credit Agreement: This agreement focuses on providing credit to Unilab Corp primarily for financing its day-to-day operations, including inventory purchase, payroll, and operational expenses. 2. Acquisition Credit Agreement: This type of credit agreement allows Unilab Corp to secure credit for mergers, acquisitions, or strategic partnerships, enabling them to finance the purchase of another company or its assets. 3. Project Financing Credit Agreement: In this scenario, the credit is specifically targeted to fund a particular project undertaken by Unilab Corp, such as the construction of a new manufacturing facility or the development of a new product line. 4. Revolving Credit Agreement: This type of agreement establishes a predetermined line of credit that Unilab Corp can draw upon when needed. The borrowed funds can be repaid, and the credit line can be reused multiple times within an agreed-upon period. In conclusion, the Nebraska Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a detailed and comprehensive document that governs the extension of credit to Unilab Corp. It ensures transparency, sets out the terms and conditions, and establishes a legal framework for the financial relationship between the borrower and the lenders.

Nebraska 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 under which credit will be extended to Unilab Corp by the lending institutions. This credit agreement serves as a vital financial tool for Unilab Corp, providing them with the necessary funds to support their business operations, capital investments, and other financial needs. It is a comprehensive document that encompasses the key provisions of the agreement, ensuring clear communication and understanding between all parties involved. Some important components covered in the Nebraska Credit Agreement may include: 1. Loan Amount and Purpose: The agreement specifies the amount of credit that will be provided to Unilab Corp. Additionally, it defines the purpose for which the funds will be used, such as expansion, research and development, working capital, or other specific business needs. 2. Interest Rate and Repayment Terms: The credit agreement outlines the interest rate at which Unilab Corp will be charged for the credit extended. It also defines the repayment terms, such as the repayment period, frequency of payments, and any other conditions related to the repayment schedule. 3. Collateral and Security: This section clarifies whether any collateral or security is required by the lending institutions to mitigate their risk. It may include assets pledged by Unilab Corp, guarantees provided by the company or its owners, or other security arrangements. 4. Representations and Warranties: Both Unilab Corp and the lending institutions make certain representations and warranties in the agreement. This ensures that the parties involved have provided accurate and truthful information about their financial standing, legal capacity, and other relevant aspects. 5. Covenants and Restrictions: The credit agreement may contain covenants and restrictions imposed on Unilab Corp to provide certain assurances to the lending institutions. These can include debt-to-equity ratios, maintenance of financial ratios, limitations on additional borrowing, restrictions on asset sales, or the requirement to provide periodic financial statements. 6. Events of Default and Remedies: This section outlines the events or conditions that would be considered a default by Unilab Corp. It further explains the remedies available to the lending institutions in case of default, including the right to accelerate the repayment, additional fees, or the imposition of penalties. Different types of Nebraska Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp can be categorized based on their purpose or specific provisions. Some potential types include: 1. Working Capital Credit Agreement: This agreement focuses on providing credit to Unilab Corp primarily for financing its day-to-day operations, including inventory purchase, payroll, and operational expenses. 2. Acquisition Credit Agreement: This type of credit agreement allows Unilab Corp to secure credit for mergers, acquisitions, or strategic partnerships, enabling them to finance the purchase of another company or its assets. 3. Project Financing Credit Agreement: In this scenario, the credit is specifically targeted to fund a particular project undertaken by Unilab Corp, such as the construction of a new manufacturing facility or the development of a new product line. 4. Revolving Credit Agreement: This type of agreement establishes a predetermined line of credit that Unilab Corp can draw upon when needed. The borrowed funds can be repaid, and the credit line can be reused multiple times within an agreed-upon period. In conclusion, the Nebraska Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a detailed and comprehensive document that governs the extension of credit to Unilab Corp. It ensures transparency, sets out the terms and conditions, and establishes a legal framework for the financial relationship between the borrower and the lenders.