Nassau New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Nassau
• 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 Nassau New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding contract that outlines the terms and conditions of a revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc. based in Nassau, New York. This agreement is designed to effectively support the financial needs of Dixon Ticonderoga, Inc., enabling them to access funds on a revolving basis when necessary. The agreement provides a predetermined credit limit within which Dixon Ticonderoga, Inc. can borrow, repay, and re-borrow as needed. This type of loan is commonly used to manage working capital needs, allowing businesses to maintain cash flow stability. The Nassau New York Revolving Credit Loan and Security Agreement ensures that Dixon Ticonderoga, Inc. pledges specified collateral as security for the borrowed funds. This collateral can include assets such as accounts receivable, inventory, or real estate. By securing the loan, Dixon Ticonderoga Co. mitigates the risk of non-payment or default. Different types of Nassau New York Revolving Credit Loan and Security Agreements between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. might include variations in the credit limit, interest rate, and repayment terms. These agreements can also differ in terms of collateral pledged, depending on the specific financial needs and assets of Dixon Ticonderoga, Inc. Overall, the Nassau New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. serves as a vital financial tool for Dixon Ticonderoga, Inc., providing them with flexibility and stability in managing their cash flow needs.

The Nassau New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding contract that outlines the terms and conditions of a revolving credit facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc. based in Nassau, New York. This agreement is designed to effectively support the financial needs of Dixon Ticonderoga, Inc., enabling them to access funds on a revolving basis when necessary. The agreement provides a predetermined credit limit within which Dixon Ticonderoga, Inc. can borrow, repay, and re-borrow as needed. This type of loan is commonly used to manage working capital needs, allowing businesses to maintain cash flow stability. The Nassau New York Revolving Credit Loan and Security Agreement ensures that Dixon Ticonderoga, Inc. pledges specified collateral as security for the borrowed funds. This collateral can include assets such as accounts receivable, inventory, or real estate. By securing the loan, Dixon Ticonderoga Co. mitigates the risk of non-payment or default. Different types of Nassau New York Revolving Credit Loan and Security Agreements between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. might include variations in the credit limit, interest rate, and repayment terms. These agreements can also differ in terms of collateral pledged, depending on the specific financial needs and assets of Dixon Ticonderoga, Inc. Overall, the Nassau New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. serves as a vital financial tool for Dixon Ticonderoga, Inc., providing them with flexibility and stability in managing their cash flow needs.