Mecklenburg North Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg County, located in North Carolina, is home to various businesses and industries, including Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. These two entities have entered into a Revolving Credit Loan and Security Agreement to facilitate financial transactions and secure collateral. This agreement outlines the terms and conditions of the loan and provides protection for both parties involved. The Mecklenburg North Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. serves as a legal contract for financial arrangements. The agreement specifies the purpose of the loan, the borrowing limit, interest rates, repayment terms, and other essential financial details. This particular agreement may have various types, each designed to cater to specific financial needs or circumstances. Here are a few possible types of Mecklenburg North Carolina Revolving Credit Loan and Security Agreements that could exist between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.: 1. General Revolving Credit Agreement: This type of agreement provides a line of credit that can be accessed and repaid multiple times, allowing the borrower to address ongoing financial needs. 2. Specific-Purpose Revolving Credit Agreement: This agreement is designed for a particular purpose, such as financing a specific project or investment. It may have limitations on how the funds can be utilized. 3. Overdraft Revolving Credit Agreement: This type of agreement allows a borrower to withdraw funds exceeding their account balance, resulting in an overdraft. Interest is charged on the amount overdrawn until the borrower repays it. 4. Asset-Based Revolving Credit Agreement: In this agreement, the loan is secured by specific assets, such as inventory, equipment, or accounts receivable. The lender may have rights to collect or liquidate these assets in case of default. 5. Unsecured Revolving Credit Agreement: Unlike an asset-based agreement, this type of agreement doesn't require specific collateral. Repayment is solely based on the borrower's creditworthiness. The Mecklenburg North Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. provides a framework for financial transactions and ensures that both parties understand their rights and responsibilities. It is essential for businesses like Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. to have such agreements in place to manage their cash flow, fund operational needs, and facilitate growth while protecting their interests.

Mecklenburg County, located in North Carolina, is home to various businesses and industries, including Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. These two entities have entered into a Revolving Credit Loan and Security Agreement to facilitate financial transactions and secure collateral. This agreement outlines the terms and conditions of the loan and provides protection for both parties involved. The Mecklenburg North Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. serves as a legal contract for financial arrangements. The agreement specifies the purpose of the loan, the borrowing limit, interest rates, repayment terms, and other essential financial details. This particular agreement may have various types, each designed to cater to specific financial needs or circumstances. Here are a few possible types of Mecklenburg North Carolina Revolving Credit Loan and Security Agreements that could exist between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.: 1. General Revolving Credit Agreement: This type of agreement provides a line of credit that can be accessed and repaid multiple times, allowing the borrower to address ongoing financial needs. 2. Specific-Purpose Revolving Credit Agreement: This agreement is designed for a particular purpose, such as financing a specific project or investment. It may have limitations on how the funds can be utilized. 3. Overdraft Revolving Credit Agreement: This type of agreement allows a borrower to withdraw funds exceeding their account balance, resulting in an overdraft. Interest is charged on the amount overdrawn until the borrower repays it. 4. Asset-Based Revolving Credit Agreement: In this agreement, the loan is secured by specific assets, such as inventory, equipment, or accounts receivable. The lender may have rights to collect or liquidate these assets in case of default. 5. Unsecured Revolving Credit Agreement: Unlike an asset-based agreement, this type of agreement doesn't require specific collateral. Repayment is solely based on the borrower's creditworthiness. The Mecklenburg North Carolina Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. provides a framework for financial transactions and ensures that both parties understand their rights and responsibilities. It is essential for businesses like Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. to have such agreements in place to manage their cash flow, fund operational needs, and facilitate growth while protecting their interests.