Wayne Michigan Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc.

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan 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 and the associated security arrangement between the two entities. This agreement serves as a means for Dixon Ticonderoga Co. to provide financial assistance to Dixon Ticonderoga, Inc. for various business purposes. Keywords: Wayne Michigan, revolving credit loan, security agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc. A revolving credit loan is a type of loan that provides a borrower with a maximum loan limit, allowing them to borrow funds up to that limit multiple times throughout the agreed term. The loan can be repaid and borrowed again, creating a revolving line of credit. The Wayne Michigan Revolving Credit Loan and Security Agreement specify the terms regarding the amount of credit that Dixon Ticonderoga Co. is willing to extend to Dixon Ticonderoga, Inc. and the conditions under which the credit may be accessed. It outlines the interest rates charged, repayment schedule, and any fees or charges associated with the revolving credit facility. Moreover, this agreement also includes provisions for security or collateral to be provided by Dixon Ticonderoga, Inc. to Dixon Ticonderoga Co. as a means of mitigating the lender's risk. The agreement will define the specific assets that can be used as security, such as property, inventory, accounts receivable, or equipment. Different types of revolving credit loan and security agreements under this arrangement may exist based on various factors. For instance, Dixon Ticonderoga, Inc. could seek a specific revolving credit facility for inventory financing to manage fluctuations in stock levels. Another type might involve a revolving credit line tailored to working capital needs, ranging from short-term operational expenses to payroll or accounts payable management. In conclusion, the Wayne Michigan Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a comprehensive agreement that governs the terms and conditions of a revolving credit facility. It ensures that both parties are aware of their rights, responsibilities, and the financial obligations associated with this financing arrangement.

The Wayne Michigan 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 and the associated security arrangement between the two entities. This agreement serves as a means for Dixon Ticonderoga Co. to provide financial assistance to Dixon Ticonderoga, Inc. for various business purposes. Keywords: Wayne Michigan, revolving credit loan, security agreement, Dixon Ticonderoga Co., Dixon Ticonderoga, Inc. A revolving credit loan is a type of loan that provides a borrower with a maximum loan limit, allowing them to borrow funds up to that limit multiple times throughout the agreed term. The loan can be repaid and borrowed again, creating a revolving line of credit. The Wayne Michigan Revolving Credit Loan and Security Agreement specify the terms regarding the amount of credit that Dixon Ticonderoga Co. is willing to extend to Dixon Ticonderoga, Inc. and the conditions under which the credit may be accessed. It outlines the interest rates charged, repayment schedule, and any fees or charges associated with the revolving credit facility. Moreover, this agreement also includes provisions for security or collateral to be provided by Dixon Ticonderoga, Inc. to Dixon Ticonderoga Co. as a means of mitigating the lender's risk. The agreement will define the specific assets that can be used as security, such as property, inventory, accounts receivable, or equipment. Different types of revolving credit loan and security agreements under this arrangement may exist based on various factors. For instance, Dixon Ticonderoga, Inc. could seek a specific revolving credit facility for inventory financing to manage fluctuations in stock levels. Another type might involve a revolving credit line tailored to working capital needs, ranging from short-term operational expenses to payroll or accounts payable management. In conclusion, the Wayne Michigan Revolving Credit Loan and Security Agreement between Dixon Ticonderoga Co. and Dixon Ticonderoga, Inc. is a comprehensive agreement that governs the terms and conditions of a revolving credit facility. It ensures that both parties are aware of their rights, responsibilities, and the financial obligations associated with this financing arrangement.