Oklahoma 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 Oklahoma Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a significant financial agreement that facilitates a revolving line of credit between the two parties involved. This agreement outlines the terms and conditions under which PCSupport.com, Inc., as the borrower, can borrow funds from ICE Holdings North America, LLC, as the lender, up to a predetermined credit limit. The Oklahoma Revolving Credit Agreement provides PCSupport.com, Inc. with the flexibility to borrow and repay funds as needed, allowing them to meet short-term financial obligations, manage cash flow, and seize business opportunities promptly. The agreement typically includes various essential elements, such as the credit limit, interest rate, repayment terms, and conditions under which borrowing can occur. Different types of Oklahoma Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC may include: 1. Standard Revolving Credit Agreement: This is the most common type, where PCSupport.com, Inc. has the ongoing ability to borrow funds up to the agreed credit limit at any time. They can also repay any borrowed amount and borrow again within the specified terms. 2. Secured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. provides collateral, such as assets or property, to secure the credit line. If the borrower defaults on repayment, ICE Holdings North America, LLC has the right to seize these assets to recover their outstanding debt. 3. Revolving Credit Agreement with Guarantor: In certain cases, a third-party guarantor may be involved to provide an additional layer of security to the lender. The guarantor agrees to assume responsibility for the debt in case PCSupport.com, Inc. fails to repay, ensuring ICE Holdings North America, LLC receives their funds. 4. Overdraft Facility Revolving Credit Agreement: This type of agreement provides PCSupport.com, Inc. with an overdraft facility within their existing bank account. They are able to withdraw funds beyond the available balance, up to a pre-approved credit limit, subject to the repayment terms and interest rates outlined in the agreement. Each type of Oklahoma Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC caters to specific financial needs and objectives. The terms and conditions of these agreements should be thoroughly reviewed and negotiated by both parties to ensure mutual understanding and protection of their respective interests.

The Oklahoma Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a significant financial agreement that facilitates a revolving line of credit between the two parties involved. This agreement outlines the terms and conditions under which PCSupport.com, Inc., as the borrower, can borrow funds from ICE Holdings North America, LLC, as the lender, up to a predetermined credit limit. The Oklahoma Revolving Credit Agreement provides PCSupport.com, Inc. with the flexibility to borrow and repay funds as needed, allowing them to meet short-term financial obligations, manage cash flow, and seize business opportunities promptly. The agreement typically includes various essential elements, such as the credit limit, interest rate, repayment terms, and conditions under which borrowing can occur. Different types of Oklahoma Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC may include: 1. Standard Revolving Credit Agreement: This is the most common type, where PCSupport.com, Inc. has the ongoing ability to borrow funds up to the agreed credit limit at any time. They can also repay any borrowed amount and borrow again within the specified terms. 2. Secured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. provides collateral, such as assets or property, to secure the credit line. If the borrower defaults on repayment, ICE Holdings North America, LLC has the right to seize these assets to recover their outstanding debt. 3. Revolving Credit Agreement with Guarantor: In certain cases, a third-party guarantor may be involved to provide an additional layer of security to the lender. The guarantor agrees to assume responsibility for the debt in case PCSupport.com, Inc. fails to repay, ensuring ICE Holdings North America, LLC receives their funds. 4. Overdraft Facility Revolving Credit Agreement: This type of agreement provides PCSupport.com, Inc. with an overdraft facility within their existing bank account. They are able to withdraw funds beyond the available balance, up to a pre-approved credit limit, subject to the repayment terms and interest rates outlined in the agreement. Each type of Oklahoma Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC caters to specific financial needs and objectives. The terms and conditions of these agreements should be thoroughly reviewed and negotiated by both parties to ensure mutual understanding and protection of their respective interests.