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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Cook
• 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 Cook Illinois Revolving Credit Loan and Security Agreement is a legally binding agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. This agreement outlines the terms and conditions under which Dixon Ticonderoga Co. provides a revolving credit loan to Dixon Ticonderoga, Inc., along with the necessary security measures to protect the lender's interests. The Cook Illinois Revolving Credit Loan and Security Agreement serve as a financial arrangement that allows Dixon Ticonderoga, Inc. to borrow funds on an as-needed basis up to a specified credit limit. The loan is structured in a revolving manner, meaning that Dixon Ticonderoga, Inc. can repay and reborrow money within the agreed limit without having to go through the application process again. One of the primary aspects of this agreement is the provision of security for the loan. Dixon Ticonderoga Co. typically requires collateral in the form of assets owned by Dixon Ticonderoga, Inc., such as real estate, inventory, or equipment. These assets provide a safeguard or guarantee for the lender, ensuring that in case of default, they have recourse to claim the specified collateral. Different types of Cook Illinois Revolving Credit Loan and Security Agreements may exist between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., depending on factors such as the credit limit, interest rates, repayment terms, and specific conditions unique to each agreement. Variations may also arise in terms of the type of collateral used to secure the loan. The purpose of the Cook Illinois Revolving Credit Loan and Security Agreement is to provide Dixon Ticonderoga, Inc. with flexible access to capital while providing Dixon Ticonderoga Co. with assurance and protection against potential default. It helps Dixon Ticonderoga, Inc. manage its working capital needs, invest in growth opportunities, and navigate through fluctuations in its cash flow. Overall, the Cook Illinois Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a vital financial tool that supports the company's operations, growth, and financial stability.

The Cook Illinois Revolving Credit Loan and Security Agreement is a legally binding agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. This agreement outlines the terms and conditions under which Dixon Ticonderoga Co. provides a revolving credit loan to Dixon Ticonderoga, Inc., along with the necessary security measures to protect the lender's interests. The Cook Illinois Revolving Credit Loan and Security Agreement serve as a financial arrangement that allows Dixon Ticonderoga, Inc. to borrow funds on an as-needed basis up to a specified credit limit. The loan is structured in a revolving manner, meaning that Dixon Ticonderoga, Inc. can repay and reborrow money within the agreed limit without having to go through the application process again. One of the primary aspects of this agreement is the provision of security for the loan. Dixon Ticonderoga Co. typically requires collateral in the form of assets owned by Dixon Ticonderoga, Inc., such as real estate, inventory, or equipment. These assets provide a safeguard or guarantee for the lender, ensuring that in case of default, they have recourse to claim the specified collateral. Different types of Cook Illinois Revolving Credit Loan and Security Agreements may exist between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., depending on factors such as the credit limit, interest rates, repayment terms, and specific conditions unique to each agreement. Variations may also arise in terms of the type of collateral used to secure the loan. The purpose of the Cook Illinois Revolving Credit Loan and Security Agreement is to provide Dixon Ticonderoga, Inc. with flexible access to capital while providing Dixon Ticonderoga Co. with assurance and protection against potential default. It helps Dixon Ticonderoga, Inc. manage its working capital needs, invest in growth opportunities, and navigate through fluctuations in its cash flow. Overall, the Cook Illinois Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a vital financial tool that supports the company's operations, growth, and financial stability.