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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Revolving Credit Loan and Security Agreement The Suffolk New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding document that outlines the financial arrangement between the two entities. This agreement serves as a framework for providing revolving credit to Dixon Ticonderoga, Inc. by Dixon Ticonderoga Co., based in Suffolk, New York. Revolving credit is a type of loan where the borrower has access to a specified amount of funds that can be borrowed and repaid repeatedly. This credit facility allows Dixon Ticonderoga, Inc. the flexibility to borrow funds as needed, up to a predetermined credit limit. The agreement sets out the terms and conditions under which the revolving credit will be extended. The agreement includes detailed provisions regarding interest rates, repayment terms, repayment schedules, fees, and penalties. It also outlines the conditions under which the credit facility can be terminated or modified. The security agreement portion of the document ensures that Dixon Ticonderoga Co. has a security interest in certain assets of Dixon Ticonderoga, Inc. as collateral for the loan. Different types of Suffolk New York Revolving Credit Loan and Security Agreement may be tailored to meet specific needs or incorporate additional provisions. These may include: 1. Revolving Line of Credit Agreement: This type of agreement specifies a specific credit limit that Dixon Ticonderoga, Inc. can borrow against. The borrower can borrow, repay, and borrow again up to the set limit. 2. Inventory Financing Agreement: In this agreement, the revolving credit is specifically provided to assist Dixon Ticonderoga, Inc. in financing its inventory needs. The inventory serves as collateral for the loan. 3. Working Capital Revolving Loan Agreement: This type of agreement provides revolving credit to support Dixon Ticonderoga, Inc.'s day-to-day operations, covering expenses such as payroll, rent, and utilities. The loan amount may fluctuate based on the company's working capital needs. 4. Equipment Financing Revolving Credit Agreement: This agreement focuses on providing revolving credit to finance the purchase or lease of equipment and machinery required by Dixon Ticonderoga, Inc. The equipment itself may be used as collateral. In conclusion, the Suffolk New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. establishes the terms for a revolving credit loan facility, outlining borrowing limits, interest rates, and repayment terms. Different variations of this agreement exist, depending on the specific purpose of the credit facility, such as inventory financing, working capital, or equipment financing.

Suffolk New York Revolving Credit Loan and Security Agreement The Suffolk New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a legally binding document that outlines the financial arrangement between the two entities. This agreement serves as a framework for providing revolving credit to Dixon Ticonderoga, Inc. by Dixon Ticonderoga Co., based in Suffolk, New York. Revolving credit is a type of loan where the borrower has access to a specified amount of funds that can be borrowed and repaid repeatedly. This credit facility allows Dixon Ticonderoga, Inc. the flexibility to borrow funds as needed, up to a predetermined credit limit. The agreement sets out the terms and conditions under which the revolving credit will be extended. The agreement includes detailed provisions regarding interest rates, repayment terms, repayment schedules, fees, and penalties. It also outlines the conditions under which the credit facility can be terminated or modified. The security agreement portion of the document ensures that Dixon Ticonderoga Co. has a security interest in certain assets of Dixon Ticonderoga, Inc. as collateral for the loan. Different types of Suffolk New York Revolving Credit Loan and Security Agreement may be tailored to meet specific needs or incorporate additional provisions. These may include: 1. Revolving Line of Credit Agreement: This type of agreement specifies a specific credit limit that Dixon Ticonderoga, Inc. can borrow against. The borrower can borrow, repay, and borrow again up to the set limit. 2. Inventory Financing Agreement: In this agreement, the revolving credit is specifically provided to assist Dixon Ticonderoga, Inc. in financing its inventory needs. The inventory serves as collateral for the loan. 3. Working Capital Revolving Loan Agreement: This type of agreement provides revolving credit to support Dixon Ticonderoga, Inc.'s day-to-day operations, covering expenses such as payroll, rent, and utilities. The loan amount may fluctuate based on the company's working capital needs. 4. Equipment Financing Revolving Credit Agreement: This agreement focuses on providing revolving credit to finance the purchase or lease of equipment and machinery required by Dixon Ticonderoga, Inc. The equipment itself may be used as collateral. In conclusion, the Suffolk New York Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. establishes the terms for a revolving credit loan facility, outlining borrowing limits, interest rates, and repayment terms. Different variations of this agreement exist, depending on the specific purpose of the credit facility, such as inventory financing, working capital, or equipment financing.