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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Credit Agreement is a legal document that outlines the terms and conditions of a financial arrangement between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement serves to provide Unilab Corp with access to credit facilities and funding for various financial needs. One type of Franklin Ohio Credit Agreement is a revolving credit facility. This facility allows Unilab Corp to borrow funds up to a predetermined limit, repay the borrowed amount, and borrow again within the set time frame. This arrangement provides flexibility to Unilab Corp, allowing them to manage their short-term funding requirements efficiently. Another type of Franklin Ohio Credit Agreement is a term loan facility. This facility provides Unilab Corp with a lump sum of borrowed funds that must be repaid over a specified period, usually with an amortizing repayment schedule. Term loans are often used for long-term financing needs such as acquisitions, capital expenditures, or debt refinancing. The Franklin Ohio Credit Agreement serves as a legally binding contract between Unilab Corp and the participating lending institutions, including Bankers Trust Co and Merrill Lynch Capital Corp. The agreement outlines the terms and conditions, including the interest rate, repayment terms, and any associated fees or penalties. This credit agreement also includes provisions for collateral, which is the security provided by Unilab Corp to the lending institutions in case of default. Collateral can include assets such as real estate, equipment, or inventory, and provides additional assurance to the lenders in case of non-payment. Furthermore, the Franklin Ohio Credit Agreement includes covenants, which are legally binding promises made by Unilab Corp to the lending institutions. These covenants may cover various aspects such as financial reporting requirements, restrictions on additional borrowing, or limitations on certain business activities. The agreement also outlines the rights and responsibilities of all parties involved, including the rights of the lenders to demand repayment, the obligations of Unilab Corp to fulfill its repayment obligations, and the mechanisms for resolving any disputes that may arise. In summary, the Franklin Ohio Credit Agreement is a comprehensive legal document that governs the financial relationship between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. It details the types of credit facilities available, the terms and conditions of borrowing, the collateral requirements, and the covenants that must be adhered to.

The Franklin Ohio Credit Agreement is a legal document that outlines the terms and conditions of a financial arrangement between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement serves to provide Unilab Corp with access to credit facilities and funding for various financial needs. One type of Franklin Ohio Credit Agreement is a revolving credit facility. This facility allows Unilab Corp to borrow funds up to a predetermined limit, repay the borrowed amount, and borrow again within the set time frame. This arrangement provides flexibility to Unilab Corp, allowing them to manage their short-term funding requirements efficiently. Another type of Franklin Ohio Credit Agreement is a term loan facility. This facility provides Unilab Corp with a lump sum of borrowed funds that must be repaid over a specified period, usually with an amortizing repayment schedule. Term loans are often used for long-term financing needs such as acquisitions, capital expenditures, or debt refinancing. The Franklin Ohio Credit Agreement serves as a legally binding contract between Unilab Corp and the participating lending institutions, including Bankers Trust Co and Merrill Lynch Capital Corp. The agreement outlines the terms and conditions, including the interest rate, repayment terms, and any associated fees or penalties. This credit agreement also includes provisions for collateral, which is the security provided by Unilab Corp to the lending institutions in case of default. Collateral can include assets such as real estate, equipment, or inventory, and provides additional assurance to the lenders in case of non-payment. Furthermore, the Franklin Ohio Credit Agreement includes covenants, which are legally binding promises made by Unilab Corp to the lending institutions. These covenants may cover various aspects such as financial reporting requirements, restrictions on additional borrowing, or limitations on certain business activities. The agreement also outlines the rights and responsibilities of all parties involved, including the rights of the lenders to demand repayment, the obligations of Unilab Corp to fulfill its repayment obligations, and the mechanisms for resolving any disputes that may arise. In summary, the Franklin Ohio Credit Agreement is a comprehensive legal document that governs the financial relationship between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. It details the types of credit facilities available, the terms and conditions of borrowing, the collateral requirements, and the covenants that must be adhered to.