Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9009
• Format: Word; Rich Text

Description

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 The Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding financial contract that outlines the terms and conditions of a revolving credit facility provided to Dixon Ticonderoga, Inc. by Dixon Ticonderoga Co. in the state of Tennessee. This agreement allows Dixon Ticonderoga, Inc. to access funds up to a specified limit, repay them, and borrow again in a revolving manner. Under this agreement, Dixon Ticonderoga, Inc. pledges certain assets as security to Dixon Ticonderoga Co. to guarantee the repayment of the loan. These assets may include inventory, accounts receivable, equipment, or any other valuable assets owned by Dixon Ticonderoga, Inc. The agreement sets forth various important provisions such as the terms of the loan, interest rates, repayment terms, fees, and default consequences. It establishes the rights and responsibilities of both parties involved and governs their relationship throughout the term of the loan. Different types of Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may include: 1. Working Capital Revolving Credit Agreement: This type of agreement focuses on providing funding for the day-to-day operations of Dixon Ticonderoga, Inc. It allows the company to manage its cash flow, meet short-term obligations, purchase inventory, and cover operating expenses. 2. Asset-Based Revolving Credit Agreement: This agreement is based on the pledging of specific assets as collateral for the loan. It enables Dixon Ticonderoga, Inc. to access funds based on the value of its assets, such as accounts receivable or inventory. The availability of credit is closely tied to the value of these assets, providing flexibility for the company's ongoing financial needs. 3. Term Loan Revolving Credit Agreement: In this type of agreement, a specific portion of the revolving credit facility is designated as a term loan with a fixed repayment schedule. It allows Dixon Ticonderoga, Inc. to borrow a certain amount for a specific period, ensuring a structured repayment approach. Overall, the Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a vital financial tool that helps Dixon Ticonderoga, Inc. manage its working capital, support its operations, and maintain financial stability by leveraging its valuable assets while providing Dixon Ticonderoga Co. with the necessary security for repayment.

The Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding financial contract that outlines the terms and conditions of a revolving credit facility provided to Dixon Ticonderoga, Inc. by Dixon Ticonderoga Co. in the state of Tennessee. This agreement allows Dixon Ticonderoga, Inc. to access funds up to a specified limit, repay them, and borrow again in a revolving manner. Under this agreement, Dixon Ticonderoga, Inc. pledges certain assets as security to Dixon Ticonderoga Co. to guarantee the repayment of the loan. These assets may include inventory, accounts receivable, equipment, or any other valuable assets owned by Dixon Ticonderoga, Inc. The agreement sets forth various important provisions such as the terms of the loan, interest rates, repayment terms, fees, and default consequences. It establishes the rights and responsibilities of both parties involved and governs their relationship throughout the term of the loan. Different types of Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may include: 1. Working Capital Revolving Credit Agreement: This type of agreement focuses on providing funding for the day-to-day operations of Dixon Ticonderoga, Inc. It allows the company to manage its cash flow, meet short-term obligations, purchase inventory, and cover operating expenses. 2. Asset-Based Revolving Credit Agreement: This agreement is based on the pledging of specific assets as collateral for the loan. It enables Dixon Ticonderoga, Inc. to access funds based on the value of its assets, such as accounts receivable or inventory. The availability of credit is closely tied to the value of these assets, providing flexibility for the company's ongoing financial needs. 3. Term Loan Revolving Credit Agreement: In this type of agreement, a specific portion of the revolving credit facility is designated as a term loan with a fixed repayment schedule. It allows Dixon Ticonderoga, Inc. to borrow a certain amount for a specific period, ensuring a structured repayment approach. Overall, the Tennessee Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a vital financial tool that helps Dixon Ticonderoga, Inc. manage its working capital, support its operations, and maintain financial stability by leveraging its valuable assets while providing Dixon Ticonderoga Co. with the necessary security for repayment.