Chicago Illinois Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• City: Chicago
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages Chicago Illinois Credit Agreement is a legal document that outlines the terms and conditions agreed upon between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement serves to facilitate credit extension and financing arrangements for Unilab Corp in the Chicago, Illinois region. The Chicago Illinois Credit Agreement is typically categorized into various types, such as revolving credit facilities, term loan facilities, and working capital facilities. Each type offers specific provisions and structures to meet Unilab Corp's financing needs and requirements. Revolving Credit Facilities: This type of credit agreement provides Unilab Corp with a line of credit that can be borrowed, repaid, and borrowed again within a specified period. It offers flexibility in managing working capital requirements and allows Unilab Corp to access funds as needed to support day-to-day operations, investments, or other financing needs. Term Loan Facilities: Under this credit agreement, Unilab Corp can acquire a specific amount of funds for a fixed period, commonly repaid in installments over time. Term loans are typically used for capital expenditures, expansions, or long-term projects requiring a defined repayment schedule. Working Capital Facilities: This type of credit agreement caters to the short-term financing needs of Unilab Corp, specifically for managing current assets and liabilities. It ensures smooth operational continuity by providing access to funds that cover inventory, accounts payable, and short-term liabilities. Within the Chicago Illinois Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp, certain key elements are elaborated upon. These include the loan amount, interest rates, collateral requirements, repayment terms, conditions for disbursement, events of default, financial covenants, and provisions for amendments or modifications of the agreement. The loan amount specifies the total credit available to Unilab Corp, which may be subject to certain limitations or adjustments. Interest rates, both fixed or variable, are established to determine the cost of borrowing throughout the agreement. Collateral requirements outline the assets pledged by Unilab Corp to secure the credit facility and protect the lending institutions' interests. Repayment terms define the schedule and method of loan repayment, including interest payments, principal installments, and any prepayment penalties. Disbursement conditions stipulate the processes and criteria for accessing the borrowed funds. Events of default highlight the situations in which the lending institutions have the right to accelerate the loan and demand immediate repayment. Financial covenants are also an integral part of the credit agreement, providing specific performance metrics that Unilab Corp must meet, such as maintaining certain financial ratios or achieving predetermined financial targets. Additionally, the agreement may contain provisions for amendments or modifications, allowing the parties involved to adjust the terms and conditions if necessary. Overall, the Chicago Illinois Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive legal document that governs the credit relationship, ensuring smooth financial operations and secured financing for Unilab Corp in the Chicago, Illinois region.

Chicago Illinois Credit Agreement is a legal document that outlines the terms and conditions agreed upon between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement serves to facilitate credit extension and financing arrangements for Unilab Corp in the Chicago, Illinois region. The Chicago Illinois Credit Agreement is typically categorized into various types, such as revolving credit facilities, term loan facilities, and working capital facilities. Each type offers specific provisions and structures to meet Unilab Corp's financing needs and requirements. Revolving Credit Facilities: This type of credit agreement provides Unilab Corp with a line of credit that can be borrowed, repaid, and borrowed again within a specified period. It offers flexibility in managing working capital requirements and allows Unilab Corp to access funds as needed to support day-to-day operations, investments, or other financing needs. Term Loan Facilities: Under this credit agreement, Unilab Corp can acquire a specific amount of funds for a fixed period, commonly repaid in installments over time. Term loans are typically used for capital expenditures, expansions, or long-term projects requiring a defined repayment schedule. Working Capital Facilities: This type of credit agreement caters to the short-term financing needs of Unilab Corp, specifically for managing current assets and liabilities. It ensures smooth operational continuity by providing access to funds that cover inventory, accounts payable, and short-term liabilities. Within the Chicago Illinois Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp, certain key elements are elaborated upon. These include the loan amount, interest rates, collateral requirements, repayment terms, conditions for disbursement, events of default, financial covenants, and provisions for amendments or modifications of the agreement. The loan amount specifies the total credit available to Unilab Corp, which may be subject to certain limitations or adjustments. Interest rates, both fixed or variable, are established to determine the cost of borrowing throughout the agreement. Collateral requirements outline the assets pledged by Unilab Corp to secure the credit facility and protect the lending institutions' interests. Repayment terms define the schedule and method of loan repayment, including interest payments, principal installments, and any prepayment penalties. Disbursement conditions stipulate the processes and criteria for accessing the borrowed funds. Events of default highlight the situations in which the lending institutions have the right to accelerate the loan and demand immediate repayment. Financial covenants are also an integral part of the credit agreement, providing specific performance metrics that Unilab Corp must meet, such as maintaining certain financial ratios or achieving predetermined financial targets. Additionally, the agreement may contain provisions for amendments or modifications, allowing the parties involved to adjust the terms and conditions if necessary. Overall, the Chicago Illinois Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive legal document that governs the credit relationship, ensuring smooth financial operations and secured financing for Unilab Corp in the Chicago, Illinois region.