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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Harris
• 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 Harris Texas Revolving Credit Loan and Security Agreement is a contractual agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., pertaining to a revolving credit facility extended by Harris Texas. This agreement serves as a crucial financial instrument for Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., enabling them to access a line of credit provided by Harris Texas. The Harris Texas Revolving Credit Loan and Security Agreement offers Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. the flexibility and convenience of obtaining funds as per their business requirements. Rather than a fixed loan amount, this agreement allows the borrowers to access a specific credit limit, which can be utilized as and when needed. The revolving credit aspect of this agreement provides the borrowers with the ability to draw, repay, and redraw funds, up to the predetermined credit limit. To secure this revolving credit facility, Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. are required to pledge various assets as collateral. These assets may include but are not limited to accounts receivable, inventory, equipment, and real estate. By providing collateral, the borrowers offer security to Harris Texas, ensuring repayment of the borrowed funds. Additionally, in the Harris Texas Revolving Credit Loan and Security Agreement, specific terms and conditions are defined, governing the utilization of the credit facility. These terms generally include interest rates, repayment schedules, late payment penalties, default provisions, and any fees associated with maintaining the revolving credit facility. Moreover, the agreement outlines the rights and responsibilities of both Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. as the borrowers, and Harris Texas as the lender. The Harris Texas Revolving Credit Loan and Security Agreement plays a vital role in sustaining the financial operations of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. By having access to this revolving credit facility, the borrowers can effectively manage their cash flow, meet working capital requirements, fulfill short-term financial obligations, and seize growth opportunities. This agreement acts as a financial safety net, providing Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. with the necessary liquidity to navigate through various business cycles. Although specific types of Harris Texas Revolving Credit Loan and Security Agreements may not be explicitly mentioned, variations of this agreement may exist, tailored to the unique needs and circumstances of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. These variations could include adjustments to credit limits, collateral requirements, and specific terms unique to the industry or business objectives. In conclusion, the Harris Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. provides a flexible and secured revolving credit facility that facilitates their financial operations, ensuring sustained business growth and stability.

The Harris Texas Revolving Credit Loan and Security Agreement is a contractual agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., pertaining to a revolving credit facility extended by Harris Texas. This agreement serves as a crucial financial instrument for Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc., enabling them to access a line of credit provided by Harris Texas. The Harris Texas Revolving Credit Loan and Security Agreement offers Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. the flexibility and convenience of obtaining funds as per their business requirements. Rather than a fixed loan amount, this agreement allows the borrowers to access a specific credit limit, which can be utilized as and when needed. The revolving credit aspect of this agreement provides the borrowers with the ability to draw, repay, and redraw funds, up to the predetermined credit limit. To secure this revolving credit facility, Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. are required to pledge various assets as collateral. These assets may include but are not limited to accounts receivable, inventory, equipment, and real estate. By providing collateral, the borrowers offer security to Harris Texas, ensuring repayment of the borrowed funds. Additionally, in the Harris Texas Revolving Credit Loan and Security Agreement, specific terms and conditions are defined, governing the utilization of the credit facility. These terms generally include interest rates, repayment schedules, late payment penalties, default provisions, and any fees associated with maintaining the revolving credit facility. Moreover, the agreement outlines the rights and responsibilities of both Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. as the borrowers, and Harris Texas as the lender. The Harris Texas Revolving Credit Loan and Security Agreement plays a vital role in sustaining the financial operations of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. By having access to this revolving credit facility, the borrowers can effectively manage their cash flow, meet working capital requirements, fulfill short-term financial obligations, and seize growth opportunities. This agreement acts as a financial safety net, providing Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. with the necessary liquidity to navigate through various business cycles. Although specific types of Harris Texas Revolving Credit Loan and Security Agreements may not be explicitly mentioned, variations of this agreement may exist, tailored to the unique needs and circumstances of Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. These variations could include adjustments to credit limits, collateral requirements, and specific terms unique to the industry or business objectives. In conclusion, the Harris Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. provides a flexible and secured revolving credit facility that facilitates their financial operations, ensuring sustained business growth and stability.