The Travis Texas Fourth Amendment to Amended Restated Credit Agreement is a legal document that outlines the specific terms and conditions agreed upon by Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. This amendment serves to modify and update the original credit agreement to reflect new terms and adjustments. Keywords: Travis Texas Fourth Amendment, Amended Restated Credit Agreement, Ray tel Medical Corp, Bank Boston, N.A., Banquet Paribus. 1. Purpose of the Fourth Amendment: The primary purpose of the Travis Texas Fourth Amendment to Amended Restated Credit Agreement is to ensure that all parties involved are on the same page regarding adjustments, changes, or amendments to the original credit agreement. 2. Scope and Application: This amendment applies specifically to the existing credit agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus, which governs the borrowing and lending procedures, interest rates, payment schedules, and other related financial obligations. 3. Key Changes and Modifications: The Travis Texas Fourth Amendment introduces certain changes to the original credit agreement, which may include revisions to the interest rates, adjustment of repayment terms, amendments to collateral requirements, and alterations to any other financial provisions previously outlined. 4. Expansion or Reduction of Credit Limit: One possible type of Travis Texas Fourth Amendment can involve an expansion or reduction of the credit limit initially agreed upon. This amendment can be requested by either party involved, based on factors such as the borrower's creditworthiness, changing market conditions, or strategic business decisions. 5. Revision of Interest Rates: Another potential type of Travis Texas Fourth Amendment pertains to the revision of interest rates. Depending on the economic climate, market conditions, or creditworthiness of the borrower, this amendment can adjust the interest rates applied to the borrowed amount, ensuring fairness and alignment with current standards. 6. Modification of Repayment Terms: The Travis Texas Fourth Amendment could also cover revisions to the repayment terms of the credit agreement. This might include changes to the repayment schedule, extension of the loan tenure, rescheduling of installment amounts, or amendments to the frequency at which payments are made. 7. Alterations to Collateral Requirements: In some cases, the Fourth Amendment might address alterations to the collateral requirements set forth in the original agreement. This could involve substituting or releasing certain collateral assets, updating their valuation, or modifying the terms for utilizing the collateral to secure the credit facility. 8. Process of Implementation: The document will detail the specific process through which the Travis Texas Fourth Amendment is to be implemented. This typically includes required documentation, consent from all involved parties, the finalizing timeline, and other formalities necessary to execute the amendment. In conclusion, the Travis Texas Fourth Amendment to Amended Restated Credit Agreement is an essential legal document that outlines modifications to the existing credit agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus. It serves to update terms and conditions, ensuring all parties are aligned and in agreement with the revised financial arrangements.
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