The San Bernardino California Fourth Amendment to Amended Restated Credit Agreement is a legal agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This agreement outlines the terms and conditions of a credit facility provided by the banks to Ray tel Medical Corp. The Fourth Amendment to the Amended Restated Credit Agreement modifies and updates the previous agreement between the parties. It includes changes to the terms of the credit facility such as the interest rate, repayment schedule, and any additional provisions or requirements. Keywords: San Bernardino California, Fourth Amendment, Amended Restated Credit Agreement, Ray tel Medical Corp, Bank Boston, Banquet Paribus. Types of San Bernardino California Fourth Amendment to Amended Restated Credit Agreement: 1. Term Extension Amendment: This type of amendment extends the original term of the credit facility. It may be done to provide the borrower with additional time to repay the loan or to accommodate any changes in their financial situation. 2. Interest Rate Adjustment Amendment: This amendment modifies the interest rate specified in the original agreement. It may be necessary to reflect changes in the market rates or to provide more favorable terms for the borrower. 3. Repayment Restructuring Amendment: This type of amendment revises the repayment schedule outlined in the original agreement. It could involve extending the loan term, changing the installment amounts, or adjusting the frequency of payments to better align with the borrower's financial capacity. 4. Collateral Addition/Removal Amendment: In some cases, amendments may be made to add or remove collateral to secure the credit facility. This helps protect the lenders' interests and may be necessary due to changes in the borrower's asset composition. 5. Covenant Waiver Amendment: If the borrower is struggling to meet certain financial covenants outlined in the original agreement, an amendment may be made to waive or modify these requirements temporarily or permanently. This provides the borrower with some flexibility while still maintaining the overall agreement. It's important to note that the specific types and variations of amendments may vary depending on the circumstances and the needs of the involved parties.
San Bernardino California Fourth Amendment to Amended Restated Credit Agreement between Raytel Medical Corp, Bank Boston, N.A. and Banque Paribas
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