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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Wake
• 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 Wake North Carolina 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 facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc., with the purpose of meeting the latter's ongoing financing requirements. The agreement establishes a revolving line of credit, allowing Dixon Ticonderoga, Inc. to borrow funds up to a predetermined limit, repay the borrowed amount, and borrow again within the specified term of the agreement. This type of financing arrangement provides flexibility and quick access to capital, allowing the borrower to manage its working capital needs efficiently. Keywords: Wake North Carolina, Revolving Credit Loan, Security Agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc., financing requirements, revolving line of credit, borrowed amount, working capital needs. There might be variations or subtypes of Wake North Carolina Revolving Credit Loan and Security Agreement depending on the specific terms and conditions agreed upon between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. Some potential types could include: 1. Wake North Carolina Revolving Credit Loan Agreement with Collateral: This agreement involves Dixon Ticonderoga, Inc. providing certain assets as collateral to secure the revolving credit line. The collateral could be tangible assets, such as inventory or equipment, or intangible assets, such as accounts receivable or intellectual property. 2. Wake North Carolina Revolving Credit Loan Agreement with Guarantor: In this type of agreement, a third party (guarantor) agrees to repay the loan on behalf of Dixon Ticonderoga, Inc. in the event of default. The guarantor provides an additional layer of security for the lender, reducing the risk associated with extending the credit line. 3. Wake North Carolina Revolving Credit Loan Agreement with Floating Interest Rate: This agreement structure incorporates a variable interest rate tied to an external benchmark, such as the prime rate or LIBOR. As the benchmark rate fluctuates, so does the interest rate charged on the borrowed amount, potentially impacting the total cost of borrowing for Dixon Ticonderoga, Inc. 4. Wake North Carolina Revolving Credit Loan Agreement with Scheduled Repayment: Unlike a traditional revolving credit arrangement, this type of agreement specifies a repayment schedule for the borrowed amount. Dixon Ticonderoga, Inc. is obligated to make regular installment payments over a set period, ensuring that the loan is fully repaid within the specified timeframe. These variations may provide different features and benefits tailored to the specific financing needs and risk appetite of Dixon Ticonderoga, Inc.

The Wake North Carolina 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 facility provided by Dixon Ticonderoga Co. to Dixon Ticonderoga, Inc., with the purpose of meeting the latter's ongoing financing requirements. The agreement establishes a revolving line of credit, allowing Dixon Ticonderoga, Inc. to borrow funds up to a predetermined limit, repay the borrowed amount, and borrow again within the specified term of the agreement. This type of financing arrangement provides flexibility and quick access to capital, allowing the borrower to manage its working capital needs efficiently. Keywords: Wake North Carolina, Revolving Credit Loan, Security Agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc., financing requirements, revolving line of credit, borrowed amount, working capital needs. There might be variations or subtypes of Wake North Carolina Revolving Credit Loan and Security Agreement depending on the specific terms and conditions agreed upon between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. Some potential types could include: 1. Wake North Carolina Revolving Credit Loan Agreement with Collateral: This agreement involves Dixon Ticonderoga, Inc. providing certain assets as collateral to secure the revolving credit line. The collateral could be tangible assets, such as inventory or equipment, or intangible assets, such as accounts receivable or intellectual property. 2. Wake North Carolina Revolving Credit Loan Agreement with Guarantor: In this type of agreement, a third party (guarantor) agrees to repay the loan on behalf of Dixon Ticonderoga, Inc. in the event of default. The guarantor provides an additional layer of security for the lender, reducing the risk associated with extending the credit line. 3. Wake North Carolina Revolving Credit Loan Agreement with Floating Interest Rate: This agreement structure incorporates a variable interest rate tied to an external benchmark, such as the prime rate or LIBOR. As the benchmark rate fluctuates, so does the interest rate charged on the borrowed amount, potentially impacting the total cost of borrowing for Dixon Ticonderoga, Inc. 4. Wake North Carolina Revolving Credit Loan Agreement with Scheduled Repayment: Unlike a traditional revolving credit arrangement, this type of agreement specifies a repayment schedule for the borrowed amount. Dixon Ticonderoga, Inc. is obligated to make regular installment payments over a set period, ensuring that the loan is fully repaid within the specified timeframe. These variations may provide different features and benefits tailored to the specific financing needs and risk appetite of Dixon Ticonderoga, Inc.