Ohio Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legal document that outlines the terms and conditions of a revolving credit facility provided by ICE Holdings North America, LLC to PCSupport.com, Inc. This agreement enables PCSupport.com, Inc. to access funds on an as-needed basis, up to a predetermined credit limit, for various business purposes. The Ohio Revolving Credit Agreement establishes the relationship between the two parties and specifies the terms of the credit facility. It includes important details such as the amount of credit available, interest rates, repayment terms, fees, and any additional conditions that both parties agree upon. The agreement also outlines the rights and responsibilities of both PCSupport.com, Inc. and ICE Holdings North America, LLC throughout the duration of the credit facility. There may be different types of Ohio Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC, depending on the specific requirements or circumstances. Some common variations of these agreements include: 1. Unsecured Revolving Credit Agreement: This type of agreement does not require PCSupport.com, Inc. to provide collateral or security to obtain the credit facility. It is based solely on the creditworthiness and financial position of PCSupport.com, Inc. 2. Secured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. pledges specific assets as collateral to secure the credit facility. These assets can be seized by ICE Holdings North America, LLC in the event of default or non-payment. 3. Variable Interest Rate Revolving Credit Agreement: This agreement entails an interest rate that fluctuates over time, based on market conditions or a predetermined benchmark rate. The interest paid by PCSupport.com, Inc. will vary accordingly. 4. Fixed Interest Rate Revolving Credit Agreement: This type of agreement involves a fixed interest rate that remains consistent throughout the term of the credit facility. PCSupport.com, Inc. can accurately predict its interest expenses, providing stability and ease of budgeting. Whether it is an unsecured or secured arrangement, and whether the interest rate is fixed or variable, the Ohio Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC serves as a legally binding document that governs the credit relationship and ensures both parties are aware of their rights and obligations.
Ohio Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC
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