Oregon Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9009
• Format: Word; Rich Text

Description

3rd Mod. of Am./Rest. Revolving Credit Loan & Sec. Agr., Am. to Loan Docs./ Assign. btwn Dixon Ticonderga Co. & Dixon Ticonderga, Inc. dated Sep. 30, 1999. 17 pages Oregon Revolving Credit Loan and Security Agreement is a legal document that establishes a financial arrangement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. revolving around a credit loan with security. This agreement outlines the terms and conditions for obtaining credit, repayment, and securing assets as collateral. The Oregon Revolving Credit Loan is a flexible borrowing arrangement where Dixon Ticonderoga Co., the lender, provides funds to Dixon Ticonderoga, Inc., the borrower, up to a predetermined credit limit. This loan can be repaid and reused repeatedly, giving Dixon Ticonderoga, Inc. the ability to access necessary funds whenever required without having to reapply for a new loan each time. Under the Oregon Revolving Credit Loan and Security Agreement, Dixon Ticonderoga, Inc. pledges certain assets as security to secure the loan. These assets can include inventory, accounts receivable, equipment, or any other valuable items that prove ownership and have a market value. By providing collateral, Dixon Ticonderoga Co. mitigates the risk associated with lending money and ensures repayment in case of default. There may be different types of Oregon Revolving Credit Loan and Security Agreements, depending on the specific terms and conditions agreed upon by Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. Some variations of these agreements might include: 1. Fixed-term Revolving Credit Loan: This type of agreement establishes a specific predetermined period during which the credit can be used and repaid. Once the term expires, the agreement may have to be renegotiated or extended. 2. Adjusted Credit Limit Agreement: In certain cases, the initial credit limit agreed upon in the original Oregon Revolving Credit Loan and Security Agreement may need to be adjusted due to changes in the business's financial situation or creditworthiness. This type of agreement allows for modifications to the credit limit while maintaining the security arrangements. 3. Amended Repayment Terms: If both parties agree to modify the repayment terms of the revolving credit loan, an amended agreement may be drafted to reflect the changes. This could include extending the loan term, adjusting interest rates, or modifying the payment schedule. 4. Multiple Collateral Agreement: Sometimes, the initial security pledged may not be sufficient to cover the loan amount. In such cases, a multiple collateral agreement can be negotiated to include additional assets as security for the revolving credit loan. These are just a few examples of potential variations in Oregon Revolving Credit Loan and Security Agreements. The specific terms and conditions of each agreement will be determined based on the needs and negotiations of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

Oregon Revolving Credit Loan and Security Agreement is a legal document that establishes a financial arrangement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. revolving around a credit loan with security. This agreement outlines the terms and conditions for obtaining credit, repayment, and securing assets as collateral. The Oregon Revolving Credit Loan is a flexible borrowing arrangement where Dixon Ticonderoga Co., the lender, provides funds to Dixon Ticonderoga, Inc., the borrower, up to a predetermined credit limit. This loan can be repaid and reused repeatedly, giving Dixon Ticonderoga, Inc. the ability to access necessary funds whenever required without having to reapply for a new loan each time. Under the Oregon Revolving Credit Loan and Security Agreement, Dixon Ticonderoga, Inc. pledges certain assets as security to secure the loan. These assets can include inventory, accounts receivable, equipment, or any other valuable items that prove ownership and have a market value. By providing collateral, Dixon Ticonderoga Co. mitigates the risk associated with lending money and ensures repayment in case of default. There may be different types of Oregon Revolving Credit Loan and Security Agreements, depending on the specific terms and conditions agreed upon by Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. Some variations of these agreements might include: 1. Fixed-term Revolving Credit Loan: This type of agreement establishes a specific predetermined period during which the credit can be used and repaid. Once the term expires, the agreement may have to be renegotiated or extended. 2. Adjusted Credit Limit Agreement: In certain cases, the initial credit limit agreed upon in the original Oregon Revolving Credit Loan and Security Agreement may need to be adjusted due to changes in the business's financial situation or creditworthiness. This type of agreement allows for modifications to the credit limit while maintaining the security arrangements. 3. Amended Repayment Terms: If both parties agree to modify the repayment terms of the revolving credit loan, an amended agreement may be drafted to reflect the changes. This could include extending the loan term, adjusting interest rates, or modifying the payment schedule. 4. Multiple Collateral Agreement: Sometimes, the initial security pledged may not be sufficient to cover the loan amount. In such cases, a multiple collateral agreement can be negotiated to include additional assets as security for the revolving credit loan. These are just a few examples of potential variations in Oregon Revolving Credit Loan and Security Agreements. The specific terms and conditions of each agreement will be determined based on the needs and negotiations of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.