New Hampshire Credit Agreement regarding extension of credit

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9453
• Format: Word; Rich Text

Description

Credit Agreement among Citadel Broadcasting Company, Citadel Communications Corporation, Certain Lenders, Credit Suisse First Boston, Finova Capital Corporation, first Union National Bank and Fleet National Bank regarding extension of credit in various New Hampshire Credit Agreement: A New Hampshire Credit Agreement regarding the extension of credit is a legally binding contract entered into between a lender and a borrower in the state of New Hampshire. It outlines the terms and conditions under which the lender agrees to provide credit or a loan to the borrower. This agreement is designed to protect both parties' interests and ensure that all aspects of the credit extension are clear and transparent. Some key elements covered in a New Hampshire Credit Agreement may include: 1. Parties involved: The agreement will identify the lender and borrower, including their legal names and addresses. 2. Credit Amount: The agreement will specify the maximum credit amount that the lender is willing to extend to the borrower. 3. Interest Rate: The interest rate at which the borrowed amount will accrue interest will be clearly stated. It may be a fixed rate or variable rate, depending on the terms agreed upon. 4. Repayment Terms: The agreement will outline the repayment schedule, including the frequency of payments (monthly, quarterly, etc.) and the duration of the credit facility. 5. Late Payment Penalties: The consequences of late or missed payments will be detailed, including any fees or interest rate increase that may be applicable. 6. Security/Collateral: If applicable, the agreement may include provisions regarding any assets or collateral that the borrower will provide as security for the credit. 7. Default and Remedies: The agreement will specify the conditions under which default can occur, and the available remedies for both parties in case of default. Different types of New Hampshire Credit Agreements regarding the extension of credit can include: 1. Personal Loan Agreement: A credit agreement provided to individuals for personal use, such as financing education, medical expenses, or home improvements. 2. Business Loan Agreement: A credit agreement extended to businesses, which may include different terms and conditions based on the borrower's industry and creditworthiness. 3. Mortgage Loan Agreement: A credit agreement specifically related to financing the purchase or refinancing of real estate property. 4. Line of Credit Agreement: A credit agreement that establishes a revolving credit facility for the borrower, allowing them to access funds as needed up to a predetermined credit limit. It is important for both lenders and borrowers to carefully review and understand the terms and conditions of a New Hampshire Credit Agreement before signing it. Seeking legal advice is recommended to ensure compliance with state laws and regulations, protecting the interests of all parties involved.

New Hampshire Credit Agreement: A New Hampshire Credit Agreement regarding the extension of credit is a legally binding contract entered into between a lender and a borrower in the state of New Hampshire. It outlines the terms and conditions under which the lender agrees to provide credit or a loan to the borrower. This agreement is designed to protect both parties' interests and ensure that all aspects of the credit extension are clear and transparent. Some key elements covered in a New Hampshire Credit Agreement may include: 1. Parties involved: The agreement will identify the lender and borrower, including their legal names and addresses. 2. Credit Amount: The agreement will specify the maximum credit amount that the lender is willing to extend to the borrower. 3. Interest Rate: The interest rate at which the borrowed amount will accrue interest will be clearly stated. It may be a fixed rate or variable rate, depending on the terms agreed upon. 4. Repayment Terms: The agreement will outline the repayment schedule, including the frequency of payments (monthly, quarterly, etc.) and the duration of the credit facility. 5. Late Payment Penalties: The consequences of late or missed payments will be detailed, including any fees or interest rate increase that may be applicable. 6. Security/Collateral: If applicable, the agreement may include provisions regarding any assets or collateral that the borrower will provide as security for the credit. 7. Default and Remedies: The agreement will specify the conditions under which default can occur, and the available remedies for both parties in case of default. Different types of New Hampshire Credit Agreements regarding the extension of credit can include: 1. Personal Loan Agreement: A credit agreement provided to individuals for personal use, such as financing education, medical expenses, or home improvements. 2. Business Loan Agreement: A credit agreement extended to businesses, which may include different terms and conditions based on the borrower's industry and creditworthiness. 3. Mortgage Loan Agreement: A credit agreement specifically related to financing the purchase or refinancing of real estate property. 4. Line of Credit Agreement: A credit agreement that establishes a revolving credit facility for the borrower, allowing them to access funds as needed up to a predetermined credit limit. It is important for both lenders and borrowers to carefully review and understand the terms and conditions of a New Hampshire Credit Agreement before signing it. Seeking legal advice is recommended to ensure compliance with state laws and regulations, protecting the interests of all parties involved.