Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages
Title: San Jose California Credit Agreement: Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp Introduction: The San Jose California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a significant financial agreement that establishes the terms and conditions for credit facilities extended to Unilab Corp, a prominent company operating in San Jose, California. This detailed description provides insights into the nature of this credit agreement and highlights different types that may exist within it. Overview of the Credit Agreement: The San Jose California Credit Agreement serves as a legally binding agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms on which Unilab Corp can obtain credit facilities from the participating lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. The credit facilities encompass various forms of financing, such as loans, lines of credit, and financial guarantees. Key Parties Involved: 1. Unilab Corp: Unilab Corp is a well-established corporation based in San Jose, California. It operates in the healthcare industry, providing diagnostic testing services and conducting cutting-edge medical research. 2. Various Lending Institutions: These are a group of financial institutions, which may include banks, credit unions, or other specialized lending entities. They provide the credit facilities to Unilab Corp, thereby extending financial support for the company's operations and growth. 3. Bankers Trust Co: Bankers Trust Co is one of the participating lending institutions involved in the San Jose California Credit Agreement. It offers a wide range of financial solutions and services to businesses and individuals. 4. Merrill Lynch Capital Corp: Merrill Lynch Capital Corp, another participant in the credit agreement, is a renowned financial institution offering investment banking, wealth management, and capital market services. Types of San Jose California Credit Agreements: 1. Term Loan Agreement: The term loan agreement is a type of credit facility provided under this agreement. It involves lending a specific amount to Unilab Corp for an agreed-upon term, which may range from a few years to several decades. The loan is typically repaid in regular installments, including principal and interest. 2. Revolving Credit Facility: A revolving credit facility allows Unilab Corp to access a predetermined credit limit over a set period. This means that the company can borrow, repay, and borrow again within the predefined limit without seeking re-approval each time. This flexibility provides Unilab Corp with working capital and helps manage its cash flow requirements. 3. Financial Guarantees: The credit agreement may also provide Unilab Corp with financial guarantees. These guarantees are commitments made by the participating lending institutions to fulfill the obligations of Unilab Corp in case of default or non-performance, instilling confidence in business transactions with Unilab Corp. Conclusion: The San Jose California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a crucial financial arrangement that empowers Unilab Corp with access to credit facilities necessary for its growth and operations. This agreement encompasses different types of credit arrangements, including term loans, revolving credit facilities, and financial guarantees, enabling Unilab Corp to meet its financial requirements effectively.
Title: San Jose California Credit Agreement: Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp Introduction: The San Jose California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a significant financial agreement that establishes the terms and conditions for credit facilities extended to Unilab Corp, a prominent company operating in San Jose, California. This detailed description provides insights into the nature of this credit agreement and highlights different types that may exist within it. Overview of the Credit Agreement: The San Jose California Credit Agreement serves as a legally binding agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms on which Unilab Corp can obtain credit facilities from the participating lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. The credit facilities encompass various forms of financing, such as loans, lines of credit, and financial guarantees. Key Parties Involved: 1. Unilab Corp: Unilab Corp is a well-established corporation based in San Jose, California. It operates in the healthcare industry, providing diagnostic testing services and conducting cutting-edge medical research. 2. Various Lending Institutions: These are a group of financial institutions, which may include banks, credit unions, or other specialized lending entities. They provide the credit facilities to Unilab Corp, thereby extending financial support for the company's operations and growth. 3. Bankers Trust Co: Bankers Trust Co is one of the participating lending institutions involved in the San Jose California Credit Agreement. It offers a wide range of financial solutions and services to businesses and individuals. 4. Merrill Lynch Capital Corp: Merrill Lynch Capital Corp, another participant in the credit agreement, is a renowned financial institution offering investment banking, wealth management, and capital market services. Types of San Jose California Credit Agreements: 1. Term Loan Agreement: The term loan agreement is a type of credit facility provided under this agreement. It involves lending a specific amount to Unilab Corp for an agreed-upon term, which may range from a few years to several decades. The loan is typically repaid in regular installments, including principal and interest. 2. Revolving Credit Facility: A revolving credit facility allows Unilab Corp to access a predetermined credit limit over a set period. This means that the company can borrow, repay, and borrow again within the predefined limit without seeking re-approval each time. This flexibility provides Unilab Corp with working capital and helps manage its cash flow requirements. 3. Financial Guarantees: The credit agreement may also provide Unilab Corp with financial guarantees. These guarantees are commitments made by the participating lending institutions to fulfill the obligations of Unilab Corp in case of default or non-performance, instilling confidence in business transactions with Unilab Corp. Conclusion: The San Jose California Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a crucial financial arrangement that empowers Unilab Corp with access to credit facilities necessary for its growth and operations. This agreement encompasses different types of credit arrangements, including term loans, revolving credit facilities, and financial guarantees, enabling Unilab Corp to meet its financial requirements effectively.