Contra Costa California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legal agreement that outlines the terms and conditions for extending credit and financing to Unilab Corp in Contra Costa County, California. This agreement facilitates the provision of funds necessary for Unilab Corp's business operations, expansion projects, and other financial requirements. It enables Unilab Corp to secure the necessary capital from various lending institutions, including Bankers Trust Co and Merrill Lynch Capital Corp, to support its growth and achieve its business objectives. Some key elements encompassed in the Contra Costa California Credit Agreement include: 1. Loan Amount: The agreement specifies the maximum amount of credit and loans that can be extended to Unilab Corp by the participating lending institutions. This amount is determined based on several factors, such as Unilab's financial standing, creditworthiness, and borrowing needs. 2. Interest Rates: The interest rates to be charged on the loans provided by the lending institutions are mentioned in the agreement. These rates may be fixed or variable, depending on the prevailing market conditions and mutual agreement between the parties. 3. Repayment Terms: This section details the repayment schedule and terms of the loans. It specifies the duration of the loan, whether it is short-term or long-term, along with any grace periods or deferred payment options, if applicable. 4. Collateral: The agreement may require Unilab Corp to provide collateral as security against the loans, such as assets or property. The type of collateral, its value, and the conditions for its release or enforcement are outlined in this section. 5. Covenants and Financial Ratios: The credit agreement may include specific covenants and financial ratios that Unilab Corp must comply with during the loan period. These could include maintaining a certain level of profitability, liquidity, or debt-to-equity ratio, to ensure the company's financial stability. 6. Events of Default: The agreement enumerates the circumstances that would constitute an event of default, such as failure to make loan payments, breach of covenants, or bankruptcy. The consequences of such defaults, including penalties, increased interest rates, or acceleration of loan repayments, are also specified. Different types of Contra Costa California Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp may include variations in loan terms, interest rates, or repayment schedules. These agreements may cater to different financing needs, such as project-specific loans, working capital facilities, or lines of credit. Each agreement can be tailored to the specific requirements and financial circumstances of Unilab Corp.

The Contra Costa California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legal agreement that outlines the terms and conditions for extending credit and financing to Unilab Corp in Contra Costa County, California. This agreement facilitates the provision of funds necessary for Unilab Corp's business operations, expansion projects, and other financial requirements. It enables Unilab Corp to secure the necessary capital from various lending institutions, including Bankers Trust Co and Merrill Lynch Capital Corp, to support its growth and achieve its business objectives. Some key elements encompassed in the Contra Costa California Credit Agreement include: 1. Loan Amount: The agreement specifies the maximum amount of credit and loans that can be extended to Unilab Corp by the participating lending institutions. This amount is determined based on several factors, such as Unilab's financial standing, creditworthiness, and borrowing needs. 2. Interest Rates: The interest rates to be charged on the loans provided by the lending institutions are mentioned in the agreement. These rates may be fixed or variable, depending on the prevailing market conditions and mutual agreement between the parties. 3. Repayment Terms: This section details the repayment schedule and terms of the loans. It specifies the duration of the loan, whether it is short-term or long-term, along with any grace periods or deferred payment options, if applicable. 4. Collateral: The agreement may require Unilab Corp to provide collateral as security against the loans, such as assets or property. The type of collateral, its value, and the conditions for its release or enforcement are outlined in this section. 5. Covenants and Financial Ratios: The credit agreement may include specific covenants and financial ratios that Unilab Corp must comply with during the loan period. These could include maintaining a certain level of profitability, liquidity, or debt-to-equity ratio, to ensure the company's financial stability. 6. Events of Default: The agreement enumerates the circumstances that would constitute an event of default, such as failure to make loan payments, breach of covenants, or bankruptcy. The consequences of such defaults, including penalties, increased interest rates, or acceleration of loan repayments, are also specified. Different types of Contra Costa California Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp may include variations in loan terms, interest rates, or repayment schedules. These agreements may cater to different financing needs, such as project-specific loans, working capital facilities, or lines of credit. Each agreement can be tailored to the specific requirements and financial circumstances of Unilab Corp.