Franklin Ohio Credit Agreement between Southwest Royalties, Inc. and Bank One Texas

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Franklin
• Control #: US-EG-9032
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. The Franklin Ohio Credit Agreement is a contractual agreement between Southwest Royalties, Inc. and Bank One Texas that outlines the terms and conditions for extending credit to Southwest Royalties. This agreement provides crucial financial support to the company and assists in managing its cash flow, funding operations, and pursuing business growth opportunities. Under the Franklin Ohio Credit Agreement, Southwest Royalties, Inc. can access a line of credit provided by Bank One Texas. The line of credit allows Southwest Royalties to borrow a predetermined amount of money, up to the agreed-upon credit limit, whenever they require additional funds. This flexible borrowing structure enables the company to address short-term financial needs, cover unexpected expenses, or take advantage of market opportunities. Key components of the Franklin Ohio Credit Agreement include the loan amount or credit limit, interest rate, repayment terms, and any associated fees or charges. The credit agreement also outlines the duration of the agreement, establishing the borrowing period during which Southwest Royalties can access funds. Additionally, it may specify collateral or security required by the bank to secure the credit. Different types of Franklin Ohio Credit Agreements may include long-term credit facilities, revolving credit lines, or bridge loans. A long-term credit facility empowers Southwest Royalties with a predetermined credit limit over an extended period — typically several years. This option provides stability and predictability for the company's financial planning. On the other hand, a revolving credit line offers more flexibility. It allows Southwest Royalties to borrow, repay, and re-borrow funds within the specified credit limit, making it suitable for companies experiencing fluctuating cash flow needs. This type of credit facility ensures immediate access to funds as required, granting Southwest Royalties greater liquidity. Lastly, a bridge loan is a short-term credit agreement that helps Southwest Royalties bridge any immediate funding gaps. This option is often utilized to cover expenses until long-term financing, such as a pending investment or asset sale, becomes available. In summary, the Franklin Ohio Credit Agreement between Southwest Royalties, Inc. and Bank One Texas is a crucial financial arrangement that provides Southwest Royalties with access to credit, ensuring stability, growth, and the ability to seize opportunities. Different types of this credit agreement include long-term credit facilities, revolving credit lines, and bridge loans, each tailored to the varying needs of Southwest Royalties.

The Franklin Ohio Credit Agreement is a contractual agreement between Southwest Royalties, Inc. and Bank One Texas that outlines the terms and conditions for extending credit to Southwest Royalties. This agreement provides crucial financial support to the company and assists in managing its cash flow, funding operations, and pursuing business growth opportunities. Under the Franklin Ohio Credit Agreement, Southwest Royalties, Inc. can access a line of credit provided by Bank One Texas. The line of credit allows Southwest Royalties to borrow a predetermined amount of money, up to the agreed-upon credit limit, whenever they require additional funds. This flexible borrowing structure enables the company to address short-term financial needs, cover unexpected expenses, or take advantage of market opportunities. Key components of the Franklin Ohio Credit Agreement include the loan amount or credit limit, interest rate, repayment terms, and any associated fees or charges. The credit agreement also outlines the duration of the agreement, establishing the borrowing period during which Southwest Royalties can access funds. Additionally, it may specify collateral or security required by the bank to secure the credit. Different types of Franklin Ohio Credit Agreements may include long-term credit facilities, revolving credit lines, or bridge loans. A long-term credit facility empowers Southwest Royalties with a predetermined credit limit over an extended period — typically several years. This option provides stability and predictability for the company's financial planning. On the other hand, a revolving credit line offers more flexibility. It allows Southwest Royalties to borrow, repay, and re-borrow funds within the specified credit limit, making it suitable for companies experiencing fluctuating cash flow needs. This type of credit facility ensures immediate access to funds as required, granting Southwest Royalties greater liquidity. Lastly, a bridge loan is a short-term credit agreement that helps Southwest Royalties bridge any immediate funding gaps. This option is often utilized to cover expenses until long-term financing, such as a pending investment or asset sale, becomes available. In summary, the Franklin Ohio Credit Agreement between Southwest Royalties, Inc. and Bank One Texas is a crucial financial arrangement that provides Southwest Royalties with access to credit, ensuring stability, growth, and the ability to seize opportunities. Different types of this credit agreement include long-term credit facilities, revolving credit lines, and bridge loans, each tailored to the varying needs of Southwest Royalties.