Pennsylvania Credit Agreement between Southwest Royalties, Inc. and Bank One Texas

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9032
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. The Pennsylvania Credit Agreement between Southwest Royalties, Inc. and Bank One Texas encompasses a comprehensive financial arrangement aimed at providing credit and financing options to benefit both parties involved. With relevant keywords like agreement, credit, Southwest Royalties, Inc., Bank One Texas, and Pennsylvania, this tailored description offers valuable insights into the specifics of this agreement. 1. Pennsylvania Credit Agreement Overview: The Pennsylvania Credit Agreement is a legally binding contract between Southwest Royalties, Inc., an esteemed entity in the energy sector, and Bank One Texas, a well-established financial institution. This agreement serves as a financial arrangement to facilitate credit and financing solutions for Southwest Royalties, Inc.'s operations in Pennsylvania. 2. Purpose and Scope: Specifically tailored to suit the credit requirements of Southwest Royalties, Inc., this agreement outlines the terms and conditions governing the credit facility extended by Bank One Texas. This credit facility is designed to support Southwest Royalties, Inc.'s ongoing operations, expansion endeavors, acquisitions, or other agreed-upon financial needs in the state of Pennsylvania. 3. Credit Facility Options: The Pennsylvania Credit Agreement offers various credit facility options tailored to Southwest Royalties, Inc.'s specific needs. These options may include revolving credit lines, term loans, or a combination thereof, allowing flexibility based on the nature and timing of the company's financial requirements. 4. Loan Amount and Repayment Terms: The agreement specifies the maximum credit limit or loan amount available to Southwest Royalties, Inc., along with the repayment terms agreed upon by both entities. These terms typically outline the interest rates, repayment schedules, and any potential penalties or charges associated with missed or delayed payments. 5. Collateral and Security: To secure the credit facility, the Pennsylvania Credit Agreement outlines the collateral or security requirements agreed upon by Southwest Royalties, Inc. and Bank One Texas. This may include assets, accounts receivable, real estate, or other valuable holdings that Southwest Royalties, Inc. possesses. 6. Termination and Amendments: The agreement provides details on the conditions that would lead to the termination of the credit facility. Additionally, it outlines the process for amendments or modifications to be made to the agreement, ensuring flexibility as circumstances change over time. It is important to note that while this description covers the general aspects of a Pennsylvania Credit Agreement between Southwest Royalties, Inc. and Bank One Texas, there may be specific types or iterations of this agreement unique to certain circumstances or business requirements.

The Pennsylvania Credit Agreement between Southwest Royalties, Inc. and Bank One Texas encompasses a comprehensive financial arrangement aimed at providing credit and financing options to benefit both parties involved. With relevant keywords like agreement, credit, Southwest Royalties, Inc., Bank One Texas, and Pennsylvania, this tailored description offers valuable insights into the specifics of this agreement. 1. Pennsylvania Credit Agreement Overview: The Pennsylvania Credit Agreement is a legally binding contract between Southwest Royalties, Inc., an esteemed entity in the energy sector, and Bank One Texas, a well-established financial institution. This agreement serves as a financial arrangement to facilitate credit and financing solutions for Southwest Royalties, Inc.'s operations in Pennsylvania. 2. Purpose and Scope: Specifically tailored to suit the credit requirements of Southwest Royalties, Inc., this agreement outlines the terms and conditions governing the credit facility extended by Bank One Texas. This credit facility is designed to support Southwest Royalties, Inc.'s ongoing operations, expansion endeavors, acquisitions, or other agreed-upon financial needs in the state of Pennsylvania. 3. Credit Facility Options: The Pennsylvania Credit Agreement offers various credit facility options tailored to Southwest Royalties, Inc.'s specific needs. These options may include revolving credit lines, term loans, or a combination thereof, allowing flexibility based on the nature and timing of the company's financial requirements. 4. Loan Amount and Repayment Terms: The agreement specifies the maximum credit limit or loan amount available to Southwest Royalties, Inc., along with the repayment terms agreed upon by both entities. These terms typically outline the interest rates, repayment schedules, and any potential penalties or charges associated with missed or delayed payments. 5. Collateral and Security: To secure the credit facility, the Pennsylvania Credit Agreement outlines the collateral or security requirements agreed upon by Southwest Royalties, Inc. and Bank One Texas. This may include assets, accounts receivable, real estate, or other valuable holdings that Southwest Royalties, Inc. possesses. 6. Termination and Amendments: The agreement provides details on the conditions that would lead to the termination of the credit facility. Additionally, it outlines the process for amendments or modifications to be made to the agreement, ensuring flexibility as circumstances change over time. It is important to note that while this description covers the general aspects of a Pennsylvania Credit Agreement between Southwest Royalties, Inc. and Bank One Texas, there may be specific types or iterations of this agreement unique to certain circumstances or business requirements.