South Carolina Fourth Amendment to Amended Restated Credit Agreement between Raytel Medical Corp, Bank Boston, N.A. and Banque Paribas

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9130
• Format: Word; Rich Text

Description

Fourth Amendment to Amended and Restated Credit Agreement between Raytel Medical Corporation, Bank Boston, N.A. and Banque Paribas dated July 30, 1999. 7 pages The South Carolina Fourth Amendment to Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus is a legally binding document that outlines the terms and conditions of the credit agreement between the mentioned parties. This agreement serves as a significant tool in managing the financial relationship between the borrower, Ray tel Medical Corp, and the lenders, Bank Boston, N.A., and Banquet Paribus. The Fourth Amendment refers to the specific modification made to the original agreement, indicating that there have been prior amendments. The purpose of the Fourth Amendment is to make necessary changes in the terms of the credit agreement to meet the evolving needs and circumstances of the borrower and lenders. The South Carolina Fourth Amendment to Amended Restated Credit Agreement is an essential document that provides detailed information about the following key aspects: 1. Parties involved: The agreement clearly identifies the parties to this credit agreement, namely Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This section includes their legal names, addresses, and contact information. 2. Definitions and interpretations: This section elaborates on the terminology used in the agreement, ensuring that all parties have a common understanding of the terms and their meanings. 3. Amendment details: The Fourth Amendment outlines the specific changes made to the original credit agreement. These changes may include modifications to interest rates, repayment terms, collateral requirements, default provisions, or any other relevant terms. 4. Loan terms and conditions: This section provides an in-depth description of the overall terms and conditions of the loan, including the principal amount, interest rates, payment schedules, maturity dates, and any special provisions. 5. Fees and expenses: This clause outlines any fees or expenses associated with the credit agreement. It may include origination fees, legal fees, annual maintenance fees, or other charges. 6. Security and collateral: If applicable, this section defines the collateral pledged by the borrower to secure the loan. It explains the rights and obligations of the borrower and the lenders regarding the collateral. 7. Representations and warranties: The agreement may include representations and warranties made by the borrower. These are statements of fact concerning the borrower's financial condition, assets, liabilities, and other relevant information. 8. Covenants and undertakings: This section states the obligations and commitments of the borrower and the lenders, such as maintaining certain financial ratios, providing financial statements, or obtaining consent for extraordinary transactions. 9. Events of default and remedies: The agreement defines the circumstances under which a default occurs and outlines the remedies available to the lenders. It may include provisions for acceleration of the loan, termination of the agreement, or appointment of a receiver. Different variations of the South Carolina Fourth Amendment to Amended Restated Credit Agreement may exist depending on specific circumstances, such as variations in terms, eligible borrowers, or lenders involved. However, the core elements mentioned above generally remain consistent. It is crucial to consult legal counsel to fully understand the specific terms and implications outlined in the South Carolina Fourth Amendment to Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This document plays a significant role in regulating the financial relationship between the borrower and lenders and provides the necessary protection and clarity for all parties involved.

The South Carolina Fourth Amendment to Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus is a legally binding document that outlines the terms and conditions of the credit agreement between the mentioned parties. This agreement serves as a significant tool in managing the financial relationship between the borrower, Ray tel Medical Corp, and the lenders, Bank Boston, N.A., and Banquet Paribus. The Fourth Amendment refers to the specific modification made to the original agreement, indicating that there have been prior amendments. The purpose of the Fourth Amendment is to make necessary changes in the terms of the credit agreement to meet the evolving needs and circumstances of the borrower and lenders. The South Carolina Fourth Amendment to Amended Restated Credit Agreement is an essential document that provides detailed information about the following key aspects: 1. Parties involved: The agreement clearly identifies the parties to this credit agreement, namely Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This section includes their legal names, addresses, and contact information. 2. Definitions and interpretations: This section elaborates on the terminology used in the agreement, ensuring that all parties have a common understanding of the terms and their meanings. 3. Amendment details: The Fourth Amendment outlines the specific changes made to the original credit agreement. These changes may include modifications to interest rates, repayment terms, collateral requirements, default provisions, or any other relevant terms. 4. Loan terms and conditions: This section provides an in-depth description of the overall terms and conditions of the loan, including the principal amount, interest rates, payment schedules, maturity dates, and any special provisions. 5. Fees and expenses: This clause outlines any fees or expenses associated with the credit agreement. It may include origination fees, legal fees, annual maintenance fees, or other charges. 6. Security and collateral: If applicable, this section defines the collateral pledged by the borrower to secure the loan. It explains the rights and obligations of the borrower and the lenders regarding the collateral. 7. Representations and warranties: The agreement may include representations and warranties made by the borrower. These are statements of fact concerning the borrower's financial condition, assets, liabilities, and other relevant information. 8. Covenants and undertakings: This section states the obligations and commitments of the borrower and the lenders, such as maintaining certain financial ratios, providing financial statements, or obtaining consent for extraordinary transactions. 9. Events of default and remedies: The agreement defines the circumstances under which a default occurs and outlines the remedies available to the lenders. It may include provisions for acceleration of the loan, termination of the agreement, or appointment of a receiver. Different variations of the South Carolina Fourth Amendment to Amended Restated Credit Agreement may exist depending on specific circumstances, such as variations in terms, eligible borrowers, or lenders involved. However, the core elements mentioned above generally remain consistent. It is crucial to consult legal counsel to fully understand the specific terms and implications outlined in the South Carolina Fourth Amendment to Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This document plays a significant role in regulating the financial relationship between the borrower and lenders and provides the necessary protection and clarity for all parties involved.