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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Collin
• 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 The Collin Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive financial arrangement that outlines the terms and conditions under which Unilab Corp can borrow funds from these lending institutions. This agreement serves as a legally binding contract that sets forth the rights, responsibilities, and obligations of all parties involved. The primary purpose of this credit agreement is to provide Unilab Corp with a flexible line of credit that can be utilized for various business purposes, such as working capital needs, expansion projects, or strategic investments. By partnering with multiple lending institutions, Unilab Corp can tap into a diverse range of funding sources, ensuring convenient access to the necessary capital. This Collin Texas Credit Agreement typically consists of different types, each serving a specific purpose: 1. Revolving Line of Credit: This type of credit allows Unilab Corp to borrow funds up to an agreed-upon limit over a specified period. The company can borrow, repay, and re-borrow funds as needed, providing flexibility to manage day-to-day operational expenses and unforeseen expenditures. 2. Term Loan Facility: This facility provides Unilab Corp with a lump-sum loan that is disbursed at the beginning of the agreement and repaid over a predetermined term. This type of loan is commonly used for large-scale initiatives, such as acquiring new facilities, purchasing capital equipment, or undertaking significant business expansions. 3. Swing Line Facility: The swing line facility acts as a short-term source of funding, allowing Unilab Corp to quickly access funds for immediate needs. This type of credit is often used to bridge temporary cash flow gaps or cover unexpected expenses until more permanent financing is secured. 4. Guarantees and Collateral: In some instances, the credit agreement may require Unilab Corp to provide guarantees or collateral to secure the borrowed funds. These safeguards help protect the lending institutions' interests by providing additional assurance that the credit will be repaid. The Collin Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a vital financial tool that enables Unilab Corp to access the necessary capital to support its business operations and growth objectives. It represents a mutually beneficial arrangement that allows Unilab Corp to meet its financial needs while providing lending institutions with an opportunity to earn interest on their investments.

The Collin Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a comprehensive financial arrangement that outlines the terms and conditions under which Unilab Corp can borrow funds from these lending institutions. This agreement serves as a legally binding contract that sets forth the rights, responsibilities, and obligations of all parties involved. The primary purpose of this credit agreement is to provide Unilab Corp with a flexible line of credit that can be utilized for various business purposes, such as working capital needs, expansion projects, or strategic investments. By partnering with multiple lending institutions, Unilab Corp can tap into a diverse range of funding sources, ensuring convenient access to the necessary capital. This Collin Texas Credit Agreement typically consists of different types, each serving a specific purpose: 1. Revolving Line of Credit: This type of credit allows Unilab Corp to borrow funds up to an agreed-upon limit over a specified period. The company can borrow, repay, and re-borrow funds as needed, providing flexibility to manage day-to-day operational expenses and unforeseen expenditures. 2. Term Loan Facility: This facility provides Unilab Corp with a lump-sum loan that is disbursed at the beginning of the agreement and repaid over a predetermined term. This type of loan is commonly used for large-scale initiatives, such as acquiring new facilities, purchasing capital equipment, or undertaking significant business expansions. 3. Swing Line Facility: The swing line facility acts as a short-term source of funding, allowing Unilab Corp to quickly access funds for immediate needs. This type of credit is often used to bridge temporary cash flow gaps or cover unexpected expenses until more permanent financing is secured. 4. Guarantees and Collateral: In some instances, the credit agreement may require Unilab Corp to provide guarantees or collateral to secure the borrowed funds. These safeguards help protect the lending institutions' interests by providing additional assurance that the credit will be repaid. The Collin Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a vital financial tool that enables Unilab Corp to access the necessary capital to support its business operations and growth objectives. It represents a mutually beneficial arrangement that allows Unilab Corp to meet its financial needs while providing lending institutions with an opportunity to earn interest on their investments.