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

• Category: Corporations - Public - Credit
• State: Multi-State
• City: Houston
• 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 Houston Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding agreement that outlines the terms and conditions of a revolving credit loan and the collateral provided to secure the loan. This agreement is significant for businesses seeking financial assistance in Houston, Texas, specifically between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. Under this agreement, the borrower (Dixon Ticonderoga Co.) can access a revolving credit loan from the lender (Dixon Ticonderoga, Inc.) up to a predetermined maximum limit. This allows the borrower to borrow funds as needed, repay them, and borrow again without undergoing the approval process repeatedly. The revolving credit loan ensures a continuous and flexible source of financing for the borrower's operational needs. To secure the loan, the borrower pledges a collateral, which could be assets or property owned by the borrower. The collateral serves as a safeguard for the lender in case the borrower defaults on the loan. In Houston, Texas, where Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. are operating, both parties should ensure compliance with applicable state laws and regulations regarding collateral and loan agreements. Different types of Houston Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may include variations based on loan amount, repayment terms, interest rates, and the nature of collateral provided. These details may differ based on the specific financial situation and needs of the borrower, as well as the assessment made by the lender. Therefore, it is crucial for both parties to negotiate and establish the terms that suit their respective interests. In conclusion, a Houston Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is an essential financial instrument that provides Dixon Ticonderoga Co. with a flexible source of funds while securing the lender's interests with collateral. The agreement sets forth the terms and conditions of the loan, including the borrowing limit, repayment provisions, and the nature of collateral. It is crucial for both parties to understand and abide by the terms outlined in the agreement, as well as to comply with relevant laws and regulations in Houston, Texas.

Houston Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding agreement that outlines the terms and conditions of a revolving credit loan and the collateral provided to secure the loan. This agreement is significant for businesses seeking financial assistance in Houston, Texas, specifically between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. Under this agreement, the borrower (Dixon Ticonderoga Co.) can access a revolving credit loan from the lender (Dixon Ticonderoga, Inc.) up to a predetermined maximum limit. This allows the borrower to borrow funds as needed, repay them, and borrow again without undergoing the approval process repeatedly. The revolving credit loan ensures a continuous and flexible source of financing for the borrower's operational needs. To secure the loan, the borrower pledges a collateral, which could be assets or property owned by the borrower. The collateral serves as a safeguard for the lender in case the borrower defaults on the loan. In Houston, Texas, where Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. are operating, both parties should ensure compliance with applicable state laws and regulations regarding collateral and loan agreements. Different types of Houston Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. may include variations based on loan amount, repayment terms, interest rates, and the nature of collateral provided. These details may differ based on the specific financial situation and needs of the borrower, as well as the assessment made by the lender. Therefore, it is crucial for both parties to negotiate and establish the terms that suit their respective interests. In conclusion, a Houston Texas Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is an essential financial instrument that provides Dixon Ticonderoga Co. with a flexible source of funds while securing the lender's interests with collateral. The agreement sets forth the terms and conditions of the loan, including the borrowing limit, repayment provisions, and the nature of collateral. It is crucial for both parties to understand and abide by the terms outlined in the agreement, as well as to comply with relevant laws and regulations in Houston, Texas.