New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9422
• Format: Word; Rich Text

Description

Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January 11, 2000. 70 pages. The New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding contract that outlines the terms and conditions governing the extension of credit from ICE Holdings North America, LLC to PCSupport.com, Inc. This agreement serves as a financial tool enabling PCSupport.com, Inc. to access funds for its operational and business needs on an as-needed basis, up to a predetermined credit limit. The New Mexico Revolving Credit Agreement is a flexible financing option that provides PCSupport.com, Inc. with the ability to borrow and repay funds repeatedly, based on its changing financial requirements. It allows the company to manage its cash flow efficiently, ensuring smooth operations and enabling it to capitalize on growth opportunities promptly. Key provisions of the New Mexico Revolving Credit Agreement include: 1. Credit Limit: The agreement specifies the maximum amount of credit that ICE Holdings North America, LLC is willing to extend to PCSupport.com, Inc. This credit limit may vary depending on the financial situation and creditworthiness of the borrower. 2. Interest Rates: The agreement outlines the interest rates that will be applied to the outstanding balance on the credit facility. These rates may be fixed or variable, with the latter fluctuating in line with a specified benchmark rate. 3. Repayment Terms: The agreement establishes the terms and conditions for the repayment of borrowed funds. It typically includes details regarding the repayment schedule, minimum monthly payments, and any penalties or fees associated with late payments. 4. Security and Collateral: In some cases, the New Mexico Revolving Credit Agreement may require PCSupport.com, Inc. to provide collateral or security to ICE Holdings North America, LLC. This ensures that in case of default, the lender has the right to seize the pledged assets as compensation. It is important to note that while the New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a generic term, there might be variations or specific types of agreements tailored to meet the unique needs of the parties involved. These could include amendments or additional clauses addressing specific conditions, such as early repayment fees, financial covenants, or provisions for credit limit adjustments. In conclusion, the New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a vital financial vehicle that provides PCSupport.com, Inc. with the flexibility and liquidity required to support its day-to-day operations and future growth strategies.

The New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding contract that outlines the terms and conditions governing the extension of credit from ICE Holdings North America, LLC to PCSupport.com, Inc. This agreement serves as a financial tool enabling PCSupport.com, Inc. to access funds for its operational and business needs on an as-needed basis, up to a predetermined credit limit. The New Mexico Revolving Credit Agreement is a flexible financing option that provides PCSupport.com, Inc. with the ability to borrow and repay funds repeatedly, based on its changing financial requirements. It allows the company to manage its cash flow efficiently, ensuring smooth operations and enabling it to capitalize on growth opportunities promptly. Key provisions of the New Mexico Revolving Credit Agreement include: 1. Credit Limit: The agreement specifies the maximum amount of credit that ICE Holdings North America, LLC is willing to extend to PCSupport.com, Inc. This credit limit may vary depending on the financial situation and creditworthiness of the borrower. 2. Interest Rates: The agreement outlines the interest rates that will be applied to the outstanding balance on the credit facility. These rates may be fixed or variable, with the latter fluctuating in line with a specified benchmark rate. 3. Repayment Terms: The agreement establishes the terms and conditions for the repayment of borrowed funds. It typically includes details regarding the repayment schedule, minimum monthly payments, and any penalties or fees associated with late payments. 4. Security and Collateral: In some cases, the New Mexico Revolving Credit Agreement may require PCSupport.com, Inc. to provide collateral or security to ICE Holdings North America, LLC. This ensures that in case of default, the lender has the right to seize the pledged assets as compensation. It is important to note that while the New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a generic term, there might be variations or specific types of agreements tailored to meet the unique needs of the parties involved. These could include amendments or additional clauses addressing specific conditions, such as early repayment fees, financial covenants, or provisions for credit limit adjustments. In conclusion, the New Mexico Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a vital financial vehicle that provides PCSupport.com, Inc. with the flexibility and liquidity required to support its day-to-day operations and future growth strategies.