Rhode Island Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages The Rhode Island Credit Agreement is a legally binding contract entered into by Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. It sets out the terms and conditions under which Unilab Corp can obtain credit facilities and financial support from the lending institutions. This credit agreement serves as a foundation for financial transactions and outlines the rights, obligations, and responsibilities of all parties involved. It is important to note that there may be different types of credit agreements within the Rhode Island jurisdiction, depending on the specific terms agreed upon by the parties. Some potential types of Rhode Island Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp could include: 1. Revolving Credit Agreement: This type of credit agreement provides Unilab Corp with a pre-approved and flexible credit line, allowing them to borrow up to a certain limit as and when needed. Interest is charged on the outstanding balance, and repayments can be made and borrowed again within the specified terms. 2. Term Loan Agreement: In this credit agreement, Unilab Corp borrows a fixed amount from the lending institutions, and repayment is scheduled over a predetermined period. The interest payments are calculated based on the principal borrowed, and usually, fixed installments are made on a monthly or quarterly basis until the loan is fully repaid. 3. Syndicated Credit Agreement: In this scenario, Unilab Corp seeks credit from multiple lending institutions, forming a syndicate. Each institution contributes a portion of the credit facility, and all parties agree to the terms and conditions outlined in the agreement. This type of arrangement allows for larger credit amounts and can often involve increased complexity due to the need to align the interests of multiple lenders. The Rhode Island Credit Agreement typically covers aspects such as interest rates, repayment terms, collateral requirements, default conditions, covenants, and any other provisions deemed necessary for the financial transaction. It ensures that all parties have a clear understanding of their rights, obligations, and potential consequences in the event of non-compliance or default. It is crucial for Unilab Corp and the lending institutions to carefully review and negotiate the terms in the Rhode Island Credit Agreement to protect their respective interests. Legal counsel should be sought to ensure the agreement is compliant with Rhode Island state laws and regulations.

The Rhode Island Credit Agreement is a legally binding contract entered into by Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. It sets out the terms and conditions under which Unilab Corp can obtain credit facilities and financial support from the lending institutions. This credit agreement serves as a foundation for financial transactions and outlines the rights, obligations, and responsibilities of all parties involved. It is important to note that there may be different types of credit agreements within the Rhode Island jurisdiction, depending on the specific terms agreed upon by the parties. Some potential types of Rhode Island Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp could include: 1. Revolving Credit Agreement: This type of credit agreement provides Unilab Corp with a pre-approved and flexible credit line, allowing them to borrow up to a certain limit as and when needed. Interest is charged on the outstanding balance, and repayments can be made and borrowed again within the specified terms. 2. Term Loan Agreement: In this credit agreement, Unilab Corp borrows a fixed amount from the lending institutions, and repayment is scheduled over a predetermined period. The interest payments are calculated based on the principal borrowed, and usually, fixed installments are made on a monthly or quarterly basis until the loan is fully repaid. 3. Syndicated Credit Agreement: In this scenario, Unilab Corp seeks credit from multiple lending institutions, forming a syndicate. Each institution contributes a portion of the credit facility, and all parties agree to the terms and conditions outlined in the agreement. This type of arrangement allows for larger credit amounts and can often involve increased complexity due to the need to align the interests of multiple lenders. The Rhode Island Credit Agreement typically covers aspects such as interest rates, repayment terms, collateral requirements, default conditions, covenants, and any other provisions deemed necessary for the financial transaction. It ensures that all parties have a clear understanding of their rights, obligations, and potential consequences in the event of non-compliance or default. It is crucial for Unilab Corp and the lending institutions to carefully review and negotiate the terms in the Rhode Island Credit Agreement to protect their respective interests. Legal counsel should be sought to ensure the agreement is compliant with Rhode Island state laws and regulations.