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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Pima
• 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 Lima Arizona Credit Agreement is a legally binding contract between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms and conditions under which Unilab Corp can access credit from these lending institutions. Key terms and provisions of the Lima Arizona Credit Agreement include: 1. Loan Amount: The agreement specifies the maximum amount of credit that Unilab Corp can borrow from the lending institutions. This amount may vary depending on the types of credit agreements. 2. Interest Rate: The agreement determines the interest rate at which Unilab Corp will be charged on the borrowed funds. This rate may be fixed or variable, based on the specific credit agreement. 3. Repayment Terms: The agreement outlines the repayment schedule, including the frequency and amount of repayments. It also specifies any applicable grace periods or early repayment penalties. 4. Security: The agreement may require Unilab Corp to provide collateral as security for the borrowed funds. This protects the lending institutions in case of default. 5. Guarantees: In some cases, the agreement might involve guarantees from third parties, such as directors or shareholders of Unilab Corp, to ensure repayment of the credit. Types of Lima Arizona Credit Agreements: 1. Revolving Credit Agreement: This type of agreement enables Unilab Corp to borrow funds up to a specified credit limit and repay it as per the terms set in the agreement. The credit limit can be utilized multiple times without needing to renegotiate a new agreement. 2. Term Loan Agreement: A term loan agreement provides Unilab Corp with a specific amount of credit that must be repaid over a predetermined period. The repayment schedule may include regular installments or a balloon payment at the end of the term. 3. Syndicated Credit Agreement: This type of agreement involves multiple lending institutions forming a syndicate to provide credit to Unilab Corp. Each institution’s contribution is outlined, along with the distribution of risks and responsibilities. 4. Secured Credit Agreement: In a secured credit agreement, Unilab Corp pledges its assets as collateral to secure the credit provided by the lending institutions. This provides an additional layer of protection for the lenders in case of default. The Lima Arizona Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp serves as a crucial financial tool for Unilab Corp, allowing it to access necessary funds for operations, expansion, or strategic initiatives. Through this agreement, Unilab Corp and the lending institutions establish a mutually beneficial relationship, supporting sustainable growth and financial stability.

The Lima Arizona Credit Agreement is a legally binding contract between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms and conditions under which Unilab Corp can access credit from these lending institutions. Key terms and provisions of the Lima Arizona Credit Agreement include: 1. Loan Amount: The agreement specifies the maximum amount of credit that Unilab Corp can borrow from the lending institutions. This amount may vary depending on the types of credit agreements. 2. Interest Rate: The agreement determines the interest rate at which Unilab Corp will be charged on the borrowed funds. This rate may be fixed or variable, based on the specific credit agreement. 3. Repayment Terms: The agreement outlines the repayment schedule, including the frequency and amount of repayments. It also specifies any applicable grace periods or early repayment penalties. 4. Security: The agreement may require Unilab Corp to provide collateral as security for the borrowed funds. This protects the lending institutions in case of default. 5. Guarantees: In some cases, the agreement might involve guarantees from third parties, such as directors or shareholders of Unilab Corp, to ensure repayment of the credit. Types of Lima Arizona Credit Agreements: 1. Revolving Credit Agreement: This type of agreement enables Unilab Corp to borrow funds up to a specified credit limit and repay it as per the terms set in the agreement. The credit limit can be utilized multiple times without needing to renegotiate a new agreement. 2. Term Loan Agreement: A term loan agreement provides Unilab Corp with a specific amount of credit that must be repaid over a predetermined period. The repayment schedule may include regular installments or a balloon payment at the end of the term. 3. Syndicated Credit Agreement: This type of agreement involves multiple lending institutions forming a syndicate to provide credit to Unilab Corp. Each institution’s contribution is outlined, along with the distribution of risks and responsibilities. 4. Secured Credit Agreement: In a secured credit agreement, Unilab Corp pledges its assets as collateral to secure the credit provided by the lending institutions. This provides an additional layer of protection for the lenders in case of default. The Lima Arizona Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp serves as a crucial financial tool for Unilab Corp, allowing it to access necessary funds for operations, expansion, or strategic initiatives. Through this agreement, Unilab Corp and the lending institutions establish a mutually beneficial relationship, supporting sustainable growth and financial stability.