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

• Category: Corporations - Public - Credit
• State: Multi-State
• City: Houston
• 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 Houston Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp, is a legally binding document that outlines the terms and conditions of a financial arrangement between these entities. This agreement serves as a framework for the provision of credit, which can be crucial for the growth and operations of Unilab Corp, a reputed corporation in Houston, Texas. As a comprehensive credit agreement, it covers various aspects, including but not limited to the following: 1. Loan Amount and Purpose: This agreement specifies the amount of credit extended to Unilab Corp by the lending institutions involved, such as Bankers Trust Co and Merrill Lynch Capital Corp. It also outlines the purpose for which the loan is being granted, whether it is for working capital, acquisitions, or capital investment projects. 2. Interest Rate and Payment Terms: The credit agreement outlines the interest rate that Unilab Corp will be charged on the loan amount and the frequency of interest payments. Additionally, it defines the repayment schedule, including the duration of the loan, installment amounts, and any prepayment terms. 3. Collateral and Security: To mitigate the lending risks, the credit agreement may require Unilab Corp to provide collateral or security against the loan. This could include assets such as real estate, machinery, inventory, or intellectual property rights. The agreement specifies the types of collateral accepted and the procedures for evaluating and valuing them. 4. Representations and Warranties: Both Unilab Corp and the lending institutions make certain representations and warranties in the credit agreement. These may include Unilab Corp's financial statements, ensuring their accuracy and compliance with regulatory requirements, as well as asserting that they have legal authority to enter into the agreement. The lending institutions may also include representations regarding their ability to provide credit facilities. 5. Covenants: The credit agreement may include covenants that Unilab Corp must adhere to throughout the loan term. These covenants are designed to protect the interests of the lending institutions and maintain the financial health of Unilab Corp. They may cover a range of areas such as financial reporting requirements, restrictions on additional debt, dividend distributions, changes in control, and maintenance of certain financial ratios. 6. Events of Default and Remedies: The credit agreement specifies events that would be considered defaults, such as failure to make timely payments or breaches of other agreement terms. It outlines the remedies available to the lending institutions in such instances, which may include accelerating repayment, charging default interest rates, or taking legal action to recover the outstanding amount. 7. Amendments and Waivers: The credit agreement also includes provisions for amendments and waivers. This allows for modifications to the agreement terms if all parties mutually agree, providing flexibility and addressing unforeseen circumstances that may arise during the loan term. Different types of Houston Texas Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp may include revolving credit facilities, term loan agreements, bridge financing, or syndicated loan structures. Each type caters to different financial needs and comes with its own set of terms and conditions.

The Houston Texas Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp, is a legally binding document that outlines the terms and conditions of a financial arrangement between these entities. This agreement serves as a framework for the provision of credit, which can be crucial for the growth and operations of Unilab Corp, a reputed corporation in Houston, Texas. As a comprehensive credit agreement, it covers various aspects, including but not limited to the following: 1. Loan Amount and Purpose: This agreement specifies the amount of credit extended to Unilab Corp by the lending institutions involved, such as Bankers Trust Co and Merrill Lynch Capital Corp. It also outlines the purpose for which the loan is being granted, whether it is for working capital, acquisitions, or capital investment projects. 2. Interest Rate and Payment Terms: The credit agreement outlines the interest rate that Unilab Corp will be charged on the loan amount and the frequency of interest payments. Additionally, it defines the repayment schedule, including the duration of the loan, installment amounts, and any prepayment terms. 3. Collateral and Security: To mitigate the lending risks, the credit agreement may require Unilab Corp to provide collateral or security against the loan. This could include assets such as real estate, machinery, inventory, or intellectual property rights. The agreement specifies the types of collateral accepted and the procedures for evaluating and valuing them. 4. Representations and Warranties: Both Unilab Corp and the lending institutions make certain representations and warranties in the credit agreement. These may include Unilab Corp's financial statements, ensuring their accuracy and compliance with regulatory requirements, as well as asserting that they have legal authority to enter into the agreement. The lending institutions may also include representations regarding their ability to provide credit facilities. 5. Covenants: The credit agreement may include covenants that Unilab Corp must adhere to throughout the loan term. These covenants are designed to protect the interests of the lending institutions and maintain the financial health of Unilab Corp. They may cover a range of areas such as financial reporting requirements, restrictions on additional debt, dividend distributions, changes in control, and maintenance of certain financial ratios. 6. Events of Default and Remedies: The credit agreement specifies events that would be considered defaults, such as failure to make timely payments or breaches of other agreement terms. It outlines the remedies available to the lending institutions in such instances, which may include accelerating repayment, charging default interest rates, or taking legal action to recover the outstanding amount. 7. Amendments and Waivers: The credit agreement also includes provisions for amendments and waivers. This allows for modifications to the agreement terms if all parties mutually agree, providing flexibility and addressing unforeseen circumstances that may arise during the loan term. Different types of Houston Texas Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp may include revolving credit facilities, term loan agreements, bridge financing, or syndicated loan structures. Each type caters to different financial needs and comes with its own set of terms and conditions.