Vermont 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 Vermont Revolving Credit Loan and Security Agreement is a legal document that establishes a financial arrangement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., two entities operating in the state of Vermont. This agreement outlines the terms and conditions under which Dixon Ticonderoga Co. extends a revolving line of credit to Dixon Ticonderoga, Inc., while also detailing the security measures put in place to protect the lender's interests. The primary purpose of such an agreement is to provide Dixon Ticonderoga, Inc. with a flexible source of funding for its ongoing operational and working capital needs. By establishing a revolving line of credit, Dixon Ticonderoga Co. allows Dixon Ticonderoga, Inc. to borrow funds up to a predetermined limit and repay them as per the agreed terms. Keywords: Vermont, revolving credit loan, security agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc. There may be variations or subtypes of Vermont Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. depending on factors such as the loan amount, repayment terms, interest rates, and collateral requirements. Some potential types include: 1. Fixed Interest Rate Revolving Credit Agreement: This type of agreement establishes a fixed interest rate for the revolving credit loan, which remains unchanged throughout the loan period. 2. Variable Interest Rate Revolving Credit Agreement: In this type, the interest rate on the revolving credit loan fluctuates based on specific market conditions or a predetermined index, providing potential advantages such as lower rates during favorable market periods. 3. Secured Revolving Credit Agreement: This subtype requires Dixon Ticonderoga, Inc. to provide collateral, such as inventory, accounts receivable, or real estate, to secure the revolving credit loan. This collateral reduces the lender's risk and can help secure better borrowing terms. 4. Unsecured Revolving Credit Agreement: This type does not require Dixon Ticonderoga, Inc. to pledge collateral but may result in higher interest rates given the increased risk for the lender. 5. Revolving Credit Agreement with Personal Guarantees: In some cases, individuals affiliated with Dixon Ticonderoga, Inc., such as executives or major shareholders, may provide personal guarantees to secure the revolving credit loan. This ensures additional security for the lender and can positively impact the loan terms. Remember, the terms and naming conventions of these agreements may vary depending on the specific agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. It is crucial to refer to the official agreement to obtain the most accurate and up-to-date information.

Vermont Revolving Credit Loan and Security Agreement is a legal document that establishes a financial arrangement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., two entities operating in the state of Vermont. This agreement outlines the terms and conditions under which Dixon Ticonderoga Co. extends a revolving line of credit to Dixon Ticonderoga, Inc., while also detailing the security measures put in place to protect the lender's interests. The primary purpose of such an agreement is to provide Dixon Ticonderoga, Inc. with a flexible source of funding for its ongoing operational and working capital needs. By establishing a revolving line of credit, Dixon Ticonderoga Co. allows Dixon Ticonderoga, Inc. to borrow funds up to a predetermined limit and repay them as per the agreed terms. Keywords: Vermont, revolving credit loan, security agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc. There may be variations or subtypes of Vermont Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. depending on factors such as the loan amount, repayment terms, interest rates, and collateral requirements. Some potential types include: 1. Fixed Interest Rate Revolving Credit Agreement: This type of agreement establishes a fixed interest rate for the revolving credit loan, which remains unchanged throughout the loan period. 2. Variable Interest Rate Revolving Credit Agreement: In this type, the interest rate on the revolving credit loan fluctuates based on specific market conditions or a predetermined index, providing potential advantages such as lower rates during favorable market periods. 3. Secured Revolving Credit Agreement: This subtype requires Dixon Ticonderoga, Inc. to provide collateral, such as inventory, accounts receivable, or real estate, to secure the revolving credit loan. This collateral reduces the lender's risk and can help secure better borrowing terms. 4. Unsecured Revolving Credit Agreement: This type does not require Dixon Ticonderoga, Inc. to pledge collateral but may result in higher interest rates given the increased risk for the lender. 5. Revolving Credit Agreement with Personal Guarantees: In some cases, individuals affiliated with Dixon Ticonderoga, Inc., such as executives or major shareholders, may provide personal guarantees to secure the revolving credit loan. This ensures additional security for the lender and can positively impact the loan terms. Remember, the terms and naming conventions of these agreements may vary depending on the specific agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. It is crucial to refer to the official agreement to obtain the most accurate and up-to-date information.