Pima Arizona Credit Agreement between Southwest Royalties, Inc. and Bank One Texas

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

Description

This is a multi-state form covering the subject matter of the title. Lima Arizona Credit Agreement between Southwest Royalties, Inc. and Bank One Texas serves as a legally binding document that outlines the terms and conditions for a credit arrangement between these two entities. This agreement allows Southwest Royalties, Inc. to obtain credit from Bank One Texas for various business purposes, such as operational expenses, investments, or growth opportunities. Key elements of the Lima Arizona Credit Agreement typically include the following terms: 1. Parties involved: The agreement specifies Southwest Royalties, Inc. as the borrower and Bank One Texas as the lender. These parties are legally bound by the terms and conditions outlined in the agreement. 2. Loan amount: The credit agreement clearly outlines the maximum amount of credit extended to Southwest Royalties, Inc. by Bank One Texas. This amount may vary depending on the specific agreement terms, financial needs, and creditworthiness of the borrower. 3. Interest rate: The agreement defines the interest rate charged on the credit amount borrowed by Southwest Royalties, Inc. This rate may be fixed or variable, and it reflects the cost of borrowing the funds. 4. Repayment terms: The credit agreement specifies the repayment terms, including the schedule of installment payments or repayment milestones. This ensures that Southwest Royalties, Inc. understands the expectations for timely repayment. 5. Security or collateral: In certain cases, the Lima Arizona Credit Agreement may require Southwest Royalties, Inc. to provide collateral or security to protect the lender's interests in case of default. This collateral may include assets, property, or specific financial guarantees. 6. Default and remedies: The agreement outlines the consequences in case of default, including potential remedies that Bank One Texas may seek to recover the outstanding credit. Such remedies could include the acceleration of debt, penalties, or legal measures. 7. Fees and charges: The credit agreement may detail any fees and charges associated with the credit facility, such as origination fees, processing fees, or late payment penalties. These fees contribute to the overall cost of borrowing for Southwest Royalties, Inc. Types of Lima Arizona Credit Agreement between Southwest Royalties, Inc. and Bank One Texas: 1. Lima Arizona Working Capital Credit Agreement: This type of credit agreement focuses on providing working capital to Southwest Royalties, Inc., which assists in fulfilling day-to-day operational requirements such as payroll, inventory, or utilities. 2. Lima Arizona Acquisition Credit Agreement: This agreement specifically caters to financing merger and acquisition activities of Southwest Royalties, Inc. It enables the company to secure funds for strategic growth through the acquisition of other businesses. 3. Lima Arizona Project Financing Credit Agreement: This type of agreement supports Southwest Royalties, Inc. in securing credit for specific projects, such as exploration, development, or expansion initiatives requiring substantial capital investments. 4. Lima Arizona Revolving Credit Agreement: This agreement offers a flexible credit arrangement where Southwest Royalties, Inc. can borrow, repay, and reborrow up to a predetermined credit limit. It provides greater financial flexibility for the company's ongoing needs. By utilizing the relevant keywords such as Lima Arizona, Credit Agreement, Southwest Royalties, Inc., and Bank One Texas, this comprehensive description provides an in-depth understanding of the Lima Arizona Credit Agreement types and key elements involved.

Lima Arizona Credit Agreement between Southwest Royalties, Inc. and Bank One Texas serves as a legally binding document that outlines the terms and conditions for a credit arrangement between these two entities. This agreement allows Southwest Royalties, Inc. to obtain credit from Bank One Texas for various business purposes, such as operational expenses, investments, or growth opportunities. Key elements of the Lima Arizona Credit Agreement typically include the following terms: 1. Parties involved: The agreement specifies Southwest Royalties, Inc. as the borrower and Bank One Texas as the lender. These parties are legally bound by the terms and conditions outlined in the agreement. 2. Loan amount: The credit agreement clearly outlines the maximum amount of credit extended to Southwest Royalties, Inc. by Bank One Texas. This amount may vary depending on the specific agreement terms, financial needs, and creditworthiness of the borrower. 3. Interest rate: The agreement defines the interest rate charged on the credit amount borrowed by Southwest Royalties, Inc. This rate may be fixed or variable, and it reflects the cost of borrowing the funds. 4. Repayment terms: The credit agreement specifies the repayment terms, including the schedule of installment payments or repayment milestones. This ensures that Southwest Royalties, Inc. understands the expectations for timely repayment. 5. Security or collateral: In certain cases, the Lima Arizona Credit Agreement may require Southwest Royalties, Inc. to provide collateral or security to protect the lender's interests in case of default. This collateral may include assets, property, or specific financial guarantees. 6. Default and remedies: The agreement outlines the consequences in case of default, including potential remedies that Bank One Texas may seek to recover the outstanding credit. Such remedies could include the acceleration of debt, penalties, or legal measures. 7. Fees and charges: The credit agreement may detail any fees and charges associated with the credit facility, such as origination fees, processing fees, or late payment penalties. These fees contribute to the overall cost of borrowing for Southwest Royalties, Inc. Types of Lima Arizona Credit Agreement between Southwest Royalties, Inc. and Bank One Texas: 1. Lima Arizona Working Capital Credit Agreement: This type of credit agreement focuses on providing working capital to Southwest Royalties, Inc., which assists in fulfilling day-to-day operational requirements such as payroll, inventory, or utilities. 2. Lima Arizona Acquisition Credit Agreement: This agreement specifically caters to financing merger and acquisition activities of Southwest Royalties, Inc. It enables the company to secure funds for strategic growth through the acquisition of other businesses. 3. Lima Arizona Project Financing Credit Agreement: This type of agreement supports Southwest Royalties, Inc. in securing credit for specific projects, such as exploration, development, or expansion initiatives requiring substantial capital investments. 4. Lima Arizona Revolving Credit Agreement: This agreement offers a flexible credit arrangement where Southwest Royalties, Inc. can borrow, repay, and reborrow up to a predetermined credit limit. It provides greater financial flexibility for the company's ongoing needs. By utilizing the relevant keywords such as Lima Arizona, Credit Agreement, Southwest Royalties, Inc., and Bank One Texas, this comprehensive description provides an in-depth understanding of the Lima Arizona Credit Agreement types and key elements involved.