Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank, N.V. regarding the addition of a new person as a lender and to increase the amount available for borrowing dated March 29, 1999. 63 pages.
Rhode Island Amended and Restated Credit Agreement is a legally binding document that outlines the terms, conditions, and obligations between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. This agreement serves as a contractual framework for credit facilities extended by ABN AFRO Bank to ADAC Laboratories, with the involvement of other financial institutions. Key terms and provisions covered in the Rhode Island Amended and Restated Credit Agreement include: 1. Parties: The agreement identifies the parties involved, namely ADAC Laboratories, ABN AFRO Bank, and any participating financial institutions. 2. Loan facilities: This agreement outlines the available loan facilities provided by ABN AFRO Bank to ADAC Laboratories, including term loans, revolving credit facilities, or other types of credit arrangements. 3. Credit terms: The agreement sets forth the principal amount of the loan, interest rates, maturity dates, repayment terms, and any associated fees or charges. 4. Security and guarantees: The agreement specifies the collateral or assets offered by ADAC Laboratories to secure the loans, along with any guarantees or sureties provided by related entities or third parties. 5. Amendments and restatements: In case of any modifications, revisions, or amendments to the original credit agreement, this document governs the process and conditions for such changes. 6. Representations and warranties: ADAC Laboratories, ABN AFRO Bank, and the participating financial institutions may provide certain representations and warranties concerning their authority, financial status, and compliance with applicable laws and regulations. 7. Covenants: The agreement may contain various affirmative and negative covenants that ADAC Laboratories must adhere to during the loan term. These may include financial reporting requirements, restrictions on additional indebtedness, limitations on asset disposals, and compliance with certain financial ratios. 8. Events of default: The agreement clarifies the events or circumstances that may trigger default, such as non-payment of principal or interest, breaches of covenants, bankruptcy, or material adverse changes in ADAC Laboratories’ financial condition. 9. Remedies and enforcement: The agreement outlines the remedies available to ABN AFRO Bank or the participating financial institutions in the event of default, such as acceleration of the loan, enforcement of security interests, and the right to pursue legal action to recover outstanding amounts. It is important to note that the specific Rhode Island Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may have additional or modified provisions based on the specific needs and circumstances of the parties involved.
Rhode Island Amended and Restated Credit Agreement is a legally binding document that outlines the terms, conditions, and obligations between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. This agreement serves as a contractual framework for credit facilities extended by ABN AFRO Bank to ADAC Laboratories, with the involvement of other financial institutions. Key terms and provisions covered in the Rhode Island Amended and Restated Credit Agreement include: 1. Parties: The agreement identifies the parties involved, namely ADAC Laboratories, ABN AFRO Bank, and any participating financial institutions. 2. Loan facilities: This agreement outlines the available loan facilities provided by ABN AFRO Bank to ADAC Laboratories, including term loans, revolving credit facilities, or other types of credit arrangements. 3. Credit terms: The agreement sets forth the principal amount of the loan, interest rates, maturity dates, repayment terms, and any associated fees or charges. 4. Security and guarantees: The agreement specifies the collateral or assets offered by ADAC Laboratories to secure the loans, along with any guarantees or sureties provided by related entities or third parties. 5. Amendments and restatements: In case of any modifications, revisions, or amendments to the original credit agreement, this document governs the process and conditions for such changes. 6. Representations and warranties: ADAC Laboratories, ABN AFRO Bank, and the participating financial institutions may provide certain representations and warranties concerning their authority, financial status, and compliance with applicable laws and regulations. 7. Covenants: The agreement may contain various affirmative and negative covenants that ADAC Laboratories must adhere to during the loan term. These may include financial reporting requirements, restrictions on additional indebtedness, limitations on asset disposals, and compliance with certain financial ratios. 8. Events of default: The agreement clarifies the events or circumstances that may trigger default, such as non-payment of principal or interest, breaches of covenants, bankruptcy, or material adverse changes in ADAC Laboratories’ financial condition. 9. Remedies and enforcement: The agreement outlines the remedies available to ABN AFRO Bank or the participating financial institutions in the event of default, such as acceleration of the loan, enforcement of security interests, and the right to pursue legal action to recover outstanding amounts. It is important to note that the specific Rhode Island Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may have additional or modified provisions based on the specific needs and circumstances of the parties involved.