Tennessee Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9422
• Format: Word; Rich Text

Description

Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January 11, 2000. 70 pages. Title: Understanding the Tennessee Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: In this article, we will delve into the intricacies of the Tennessee Revolving Credit Agreement established between PCSupport.com, Inc. and ICE Holdings North America, LLC. We will explore the key aspects of this agreement while highlighting any potential variations or types that may exist. Keywords: Tennessee Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, credit terms, revolving line of credit, borrowing capacity, interest rates, repayment conditions, financial arrangements. 1. Definition of the Tennessee Revolving Credit Agreement: The Tennessee Revolving Credit Agreement is a legally binding contract established between PCSupport.com, Inc., a technology company, and ICE Holdings North America, LLC, a financial institution, based in Tennessee. This agreement facilitates a revolving line of credit, allowing the borrower (PCSupport.com, Inc.) to access funds up to a pre-determined limit as needed for various purposes. 2. Credit Terms and Borrowing Capacity: The agreement outlines the maximum amount of credit that PCSupport.com, Inc. can draw upon, commonly referred to as the borrowing capacity or credit limit. This provision ensures financial flexibility for the company, enabling them to meet working capital needs, invest in growth opportunities, and manage operational expenses. 3. Interest Rates and Fees: The Tennessee Revolving Credit Agreement specifies the applicable interest rates on the outstanding borrowed amount. These rates can be fixed or variable, depending on the terms negotiated between the parties. Additionally, the agreement may include information about any fees or charges associated with the credit facility, such as management fees or commitment fees. 4. Repayment Conditions: The agreement establishes terms for repaying the borrowed funds, typically in the form of monthly installments or interest-only payments during a specific period. The repayment conditions are crucial for PCSupport.com, Inc. to ensure efficient cash flow management and fulfill their financial obligations within the agreed-upon timeframe. 5. Financial Arrangements: The Tennessee Revolving Credit Agreement might outline specific financial covenants, requirements, or conditions that PCSupport.com, Inc. must adhere to during the term of the agreement. These arrangements are designed to protect the interests of both parties and may include provisions related to maintaining a certain debt-to-equity ratio, providing periodic financial statements, or limiting additional borrowings. Types of Tennessee Revolving Credit Agreements: Depending on the specific needs and circumstances of PCSupport.com, Inc. and ICE Holdings North America, LLC, there can be various types or subtypes of Tennessee Revolving Credit Agreements. These could include, but are not limited to: 1. Unsecured Revolving Credit Agreement: This type of agreement does not require collateral from PCSupport.com, Inc., providing them with greater flexibility in accessing funds as needed. 2. Secured Revolving Credit Agreement: In this agreement, PCSupport.com, Inc. offers collateral, such as company assets or accounts receivable, to secure the revolving line of credit. This potentially allows for more attractive interest rates and higher borrowing limits. 3. Adjustable-Rate Revolving Credit Agreement: An adjustable-rate agreement entails interest rates that fluctuate periodically, usually based on a benchmark index such as the prime rate. This type of agreement may best suit PCSupport.com, Inc.'s financial strategy if they anticipate fluctuations in interest rates during the agreement's term. Conclusion: The Tennessee Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a vital financial tool that facilitates flexible borrowing arrangements for the technology company. With well-defined credit terms, interest rates, repayment conditions, and financial arrangements, this agreement enables PCSupport.com, Inc. to manage their financial needs effectively and support their growth objectives.

Title: Understanding the Tennessee Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: In this article, we will delve into the intricacies of the Tennessee Revolving Credit Agreement established between PCSupport.com, Inc. and ICE Holdings North America, LLC. We will explore the key aspects of this agreement while highlighting any potential variations or types that may exist. Keywords: Tennessee Revolving Credit Agreement, PCSupport.com, Inc., ICE Holdings North America, LLC, credit terms, revolving line of credit, borrowing capacity, interest rates, repayment conditions, financial arrangements. 1. Definition of the Tennessee Revolving Credit Agreement: The Tennessee Revolving Credit Agreement is a legally binding contract established between PCSupport.com, Inc., a technology company, and ICE Holdings North America, LLC, a financial institution, based in Tennessee. This agreement facilitates a revolving line of credit, allowing the borrower (PCSupport.com, Inc.) to access funds up to a pre-determined limit as needed for various purposes. 2. Credit Terms and Borrowing Capacity: The agreement outlines the maximum amount of credit that PCSupport.com, Inc. can draw upon, commonly referred to as the borrowing capacity or credit limit. This provision ensures financial flexibility for the company, enabling them to meet working capital needs, invest in growth opportunities, and manage operational expenses. 3. Interest Rates and Fees: The Tennessee Revolving Credit Agreement specifies the applicable interest rates on the outstanding borrowed amount. These rates can be fixed or variable, depending on the terms negotiated between the parties. Additionally, the agreement may include information about any fees or charges associated with the credit facility, such as management fees or commitment fees. 4. Repayment Conditions: The agreement establishes terms for repaying the borrowed funds, typically in the form of monthly installments or interest-only payments during a specific period. The repayment conditions are crucial for PCSupport.com, Inc. to ensure efficient cash flow management and fulfill their financial obligations within the agreed-upon timeframe. 5. Financial Arrangements: The Tennessee Revolving Credit Agreement might outline specific financial covenants, requirements, or conditions that PCSupport.com, Inc. must adhere to during the term of the agreement. These arrangements are designed to protect the interests of both parties and may include provisions related to maintaining a certain debt-to-equity ratio, providing periodic financial statements, or limiting additional borrowings. Types of Tennessee Revolving Credit Agreements: Depending on the specific needs and circumstances of PCSupport.com, Inc. and ICE Holdings North America, LLC, there can be various types or subtypes of Tennessee Revolving Credit Agreements. These could include, but are not limited to: 1. Unsecured Revolving Credit Agreement: This type of agreement does not require collateral from PCSupport.com, Inc., providing them with greater flexibility in accessing funds as needed. 2. Secured Revolving Credit Agreement: In this agreement, PCSupport.com, Inc. offers collateral, such as company assets or accounts receivable, to secure the revolving line of credit. This potentially allows for more attractive interest rates and higher borrowing limits. 3. Adjustable-Rate Revolving Credit Agreement: An adjustable-rate agreement entails interest rates that fluctuate periodically, usually based on a benchmark index such as the prime rate. This type of agreement may best suit PCSupport.com, Inc.'s financial strategy if they anticipate fluctuations in interest rates during the agreement's term. Conclusion: The Tennessee Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a vital financial tool that facilitates flexible borrowing arrangements for the technology company. With well-defined credit terms, interest rates, repayment conditions, and financial arrangements, this agreement enables PCSupport.com, Inc. to manage their financial needs effectively and support their growth objectives.