Allegheny Pennsylvania Fourth Amendment to Amended Restated Credit Agreement between Raytel Medical Corp, Bank Boston, N.A. and Banque Paribas

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Allegheny
• Control #: US-EG-9130
• Format: Word; Rich Text

Description

Fourth Amendment to Amended and Restated Credit Agreement between Raytel Medical Corporation, Bank Boston, N.A. and Banque Paribas dated July 30, 1999. 7 pages Allegheny Pennsylvania Fourth Amendment to Amended Restated Credit Agreement is a legal document that outlines the modifications made to the original credit agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This amendment serves to update and enhance the terms and conditions of the previous agreement. Key elements of the Allegheny Pennsylvania Fourth Amendment include: 1. Parties Involved: The credit agreement involves three primary parties: Ray tel Medical Corp, a medical device manufacturing company based in Allegheny, Pennsylvania; Bank Boston, N.A., a financial institution providing credit facilities; and Banquet Paribus, an international banking entity. 2. Amendment Purpose: The Fourth Amendment aims to modify and restate certain clauses, terms, and conditions of the original credit agreement between the parties. These changes could be related to interest rates, payment schedules, collateral requirements, or other relevant provisions. 3. Enhancements to the Agreement: The Fourth Amendment seeks to improve the financial obligations and rights of all parties involved. Through this amendment, the agreement may address issues such as extending the credit term, revising interest rates to better reflect market conditions, providing leeway for the borrower in case of unforeseen circumstances, or amending any other essential terms. 4. Compliance with Fourth Amendment: It is crucial for all parties to adhere to the modifications specified in the Fourth Amendment. This ensures legal clarity and enables smooth collaboration between the borrower and the lending institutions. Both Ray tel Medical Corp and the banks involved must comply with the revised terms to maintain a productive relationship. Types of Allegheny Pennsylvania Fourth Amendment could include: 1. Interest Rate Modification Amendment: If the original credit agreement had an interest rate that no longer aligns with current financial market trends, the Fourth Amendment may focus on adjusting the interest rate to a more equitable and competitive value. 2. Term Extension Amendment: This type of amendment is employed when the borrower requires an extended period to repay the credit facility due to unexpected financial circumstances or business challenges. It allows for a revision of the agreement's duration, thereby accommodating the borrower's needs. 3. Collateral Reevaluation Amendment: In certain cases, a reassessment of the collateral requirements might be necessary. Such an amendment ensures that the collateral pledged by Ray tel Medical Corp aligns with the current valuation and market norms, providing adequate security to the banks. In conclusion, the Allegheny Pennsylvania Fourth Amendment to Amended Restated Credit Agreement describes the modifications made to the initial credit agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. The amendment aims to enhance the agreement's terms and conditions, potentially encompassing interest rate adjustments, term extensions, or collateral reevaluation. Adhering to the modified terms is crucial for all parties involved to maintain a harmonious financial relationship.

Allegheny Pennsylvania Fourth Amendment to Amended Restated Credit Agreement is a legal document that outlines the modifications made to the original credit agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This amendment serves to update and enhance the terms and conditions of the previous agreement. Key elements of the Allegheny Pennsylvania Fourth Amendment include: 1. Parties Involved: The credit agreement involves three primary parties: Ray tel Medical Corp, a medical device manufacturing company based in Allegheny, Pennsylvania; Bank Boston, N.A., a financial institution providing credit facilities; and Banquet Paribus, an international banking entity. 2. Amendment Purpose: The Fourth Amendment aims to modify and restate certain clauses, terms, and conditions of the original credit agreement between the parties. These changes could be related to interest rates, payment schedules, collateral requirements, or other relevant provisions. 3. Enhancements to the Agreement: The Fourth Amendment seeks to improve the financial obligations and rights of all parties involved. Through this amendment, the agreement may address issues such as extending the credit term, revising interest rates to better reflect market conditions, providing leeway for the borrower in case of unforeseen circumstances, or amending any other essential terms. 4. Compliance with Fourth Amendment: It is crucial for all parties to adhere to the modifications specified in the Fourth Amendment. This ensures legal clarity and enables smooth collaboration between the borrower and the lending institutions. Both Ray tel Medical Corp and the banks involved must comply with the revised terms to maintain a productive relationship. Types of Allegheny Pennsylvania Fourth Amendment could include: 1. Interest Rate Modification Amendment: If the original credit agreement had an interest rate that no longer aligns with current financial market trends, the Fourth Amendment may focus on adjusting the interest rate to a more equitable and competitive value. 2. Term Extension Amendment: This type of amendment is employed when the borrower requires an extended period to repay the credit facility due to unexpected financial circumstances or business challenges. It allows for a revision of the agreement's duration, thereby accommodating the borrower's needs. 3. Collateral Reevaluation Amendment: In certain cases, a reassessment of the collateral requirements might be necessary. Such an amendment ensures that the collateral pledged by Ray tel Medical Corp aligns with the current valuation and market norms, providing adequate security to the banks. In conclusion, the Allegheny Pennsylvania Fourth Amendment to Amended Restated Credit Agreement describes the modifications made to the initial credit agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. The amendment aims to enhance the agreement's terms and conditions, potentially encompassing interest rate adjustments, term extensions, or collateral reevaluation. Adhering to the modified terms is crucial for all parties involved to maintain a harmonious financial relationship.