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
South Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding contract that outlines the terms and conditions of a revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc., both entities located in South Carolina. This agreement typically includes various clauses and provisions to secure the loan. Revolving credit refers to a type of loan where the borrower can repeatedly borrow up to a pre-approved credit limit. It provides flexibility as the borrower can repay and borrow again within the agreed-upon term, usually one year. This type of credit is commonly utilized by companies to finance ongoing operations, manage cash flow, and fund various business needs. The South Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. establishes the terms and conditions for accessing the revolving credit facility. It includes provisions related to interest rates, repayment terms, fees, and potential penalties for late payments or defaults. As for the security agreement, it is an integral part of this type of loan. It outlines the collateral provided by Dixon Ticonderoga, Inc. as security for the loan. Collateral can be any valuable asset or property that the lender can legally claim in case of default. Typical examples of collateral include inventory, equipment, accounts receivable, or even real estate. Keywords: South Carolina, revolving credit loan, security agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc., contract, terms and conditions, credit facility, loan, legal, pre-approved credit limit, flexibility, ongoing operations, cash flow, business needs, interest rates, repayment terms, fees, penalties, late payments, defaults, security, collateral, inventory, equipment, accounts receivable, real estate. Different types of South Carolina Revolving Credit Loan and Security Agreements between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may include variations in the loan amount, credit limit, repayment terms, interest rates, and specific collateral requirements. These distinctions depend on the specific needs and circumstances of both parties involved in the agreement.
South Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding contract that outlines the terms and conditions of a revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc., both entities located in South Carolina. This agreement typically includes various clauses and provisions to secure the loan. Revolving credit refers to a type of loan where the borrower can repeatedly borrow up to a pre-approved credit limit. It provides flexibility as the borrower can repay and borrow again within the agreed-upon term, usually one year. This type of credit is commonly utilized by companies to finance ongoing operations, manage cash flow, and fund various business needs. The South Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. establishes the terms and conditions for accessing the revolving credit facility. It includes provisions related to interest rates, repayment terms, fees, and potential penalties for late payments or defaults. As for the security agreement, it is an integral part of this type of loan. It outlines the collateral provided by Dixon Ticonderoga, Inc. as security for the loan. Collateral can be any valuable asset or property that the lender can legally claim in case of default. Typical examples of collateral include inventory, equipment, accounts receivable, or even real estate. Keywords: South Carolina, revolving credit loan, security agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc., contract, terms and conditions, credit facility, loan, legal, pre-approved credit limit, flexibility, ongoing operations, cash flow, business needs, interest rates, repayment terms, fees, penalties, late payments, defaults, security, collateral, inventory, equipment, accounts receivable, real estate. Different types of South Carolina Revolving Credit Loan and Security Agreements between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may include variations in the loan amount, credit limit, repayment terms, interest rates, and specific collateral requirements. These distinctions depend on the specific needs and circumstances of both parties involved in the agreement.