The Pennsylvania Fourth Amendment to Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus is a legal document that outlines the amendments made to the existing credit agreement between these entities. This agreement governs the terms and conditions associated with a credit facility provided by Bank Boston, N.A., and Banquet Paribus to Ray tel Medical Corp, a company based in Pennsylvania. Keywords: Pennsylvania, Fourth Amendment, Amended Restated Credit Agreement, Ray tel Medical Corp, Bank Boston, N.A., Banquet Paribus. The Pennsylvania Fourth Amendment to Amended Restated Credit Agreement is a crucial document that establishes the modified terms and conditions of the credit facility between these entities. It ensures that all parties involved are aware of their rights, obligations, and responsibilities while providing a comprehensive framework for the financial relationship. The agreement's purpose is to address any changes or updates required to fulfill the evolving business needs or comply with regulatory requirements. By establishing these amendments, the agreement seeks to protect the interests of both Ray tel Medical Corp and the lending institutions, Bank Boston, N.A., and Banquet Paribus. This Fourth Amendment may refer to several types of modifications made to the original credit agreement. Some common types of amendments include: 1. Change in loan amount: This amendment could involve increasing or decreasing the total loan amount, based on the financial needs of Ray tel Medical Corp. It outlines the new borrowing limit, repayment terms, and associated interest rates. 2. Extension of maturity date: If Ray tel Medical Corp requires more time to repay the loan, an amendment may be made to extend the maturity date. This modification would involve adjusting the relevant sections of the original agreement to accommodate the extended repayment period. 3. Revision of interest rates: In case of changing market conditions or as negotiated between the parties, an amendment can be made to revise the interest rates associated with the credit facility. It details the new interest rates, calculation methods, and any other adjustments related to interest payments. 4. Modification of covenants: Amendments may be necessary to modify or add covenants, which are conditions or restrictions imposed on Ray tel Medical Corp as part of the credit agreement. These covenants could relate to financial performance, reporting requirements, or other factors deemed critical by the lenders. 5. Additional collateral requirements: If Ray tel Medical Corp's creditworthiness changes or lenders require additional security, an amendment can be made to include new collateral in the agreement. This collateral ensures that the lenders have a sufficient guarantee against the credit facility. The Pennsylvania Fourth Amendment to Amended Restated Credit Agreement is an essential legal document that facilitates a transparent and mutually beneficial credit relationship between Ray tel Medical Corp and the lending institutions. It ensures that all parties involved are aware of the revised terms and conditions and provides a basis for resolving any potential disputes in the future.
Pennsylvania Fourth Amendment to Amended Restated Credit Agreement between Raytel Medical Corp, Bank Boston, N.A. and Banque Paribas
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