Wake North Carolina Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Credit Agreement is a legally binding document that outlines the financial terms and conditions between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement serves as a basis for providing credit facilities to Unilab Corp, enabling them to meet their financial requirements and fund their operations effectively. The credit agreement encompasses various components, including loan amounts, interest rates, repayment terms, and collateral requirements. These terms are agreed upon by Unilab Corp and the participating lending institutions to ensure a fair and mutually beneficial relationship. Key terms and provisions in the Wake North Carolina Credit Agreement may vary depending on the specific type of agreement in place. Some common types include: 1. Revolving Credit Agreement: This type of agreement allows Unilab Corp to access a predetermined credit limit from the lending institutions. They can borrow and repay funds as needed, within the agreed-upon limit. Interest is typically charged on the outstanding balance. 2. Term Loan Agreement: In this type of agreement, Unilab Corp receives a fixed loan amount from the lending institutions. The loan is repaid over a specified period, usually with regular installments. Interest is charged on the outstanding loan balance. 3. Secured Credit Agreement: This agreement requires Unilab Corp to provide collateral to secure the credit facility. The collateral can be in the form of company assets, property, or other valuable assets. In case of default, the lending institutions can seize and sell the collateral to recover their funds. 4. Syndicated Credit Agreement: In a syndicated credit agreement, multiple lending institutions collaborate to provide credit facilities to Unilab Corp. Each institution contributes a portion of the total loan amount. This enables Unilab Corp to access a larger credit amount while diversifying the risk for the lenders. The Wake North Carolina Credit Agreement establishes the roles and responsibilities of all parties involved. Unilab Corp will be responsible for making timely repayments, providing required financial information, and maintaining satisfactory financial ratios. The lending institutions, such as Bankers Trust Co and Merrill Lynch Capital Corp, will review and evaluate Unilab Corp's financial performance and ensure compliance with the agreed-upon terms. Keywords: Wake North Carolina Credit Agreement, Unilab Corp, lending institutions, Bankers Trust Co, Merrill Lynch Capital Corp, loan amounts, interest rates, repayment terms, collateral requirements, revolving credit agreement, term loan agreement, secured credit agreement, syndicated credit agreement, collateral, default, financial ratios, financial performance.

Wake North Carolina Credit Agreement is a legally binding document that outlines the financial terms and conditions between Unilab Corp, various lending institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement serves as a basis for providing credit facilities to Unilab Corp, enabling them to meet their financial requirements and fund their operations effectively. The credit agreement encompasses various components, including loan amounts, interest rates, repayment terms, and collateral requirements. These terms are agreed upon by Unilab Corp and the participating lending institutions to ensure a fair and mutually beneficial relationship. Key terms and provisions in the Wake North Carolina Credit Agreement may vary depending on the specific type of agreement in place. Some common types include: 1. Revolving Credit Agreement: This type of agreement allows Unilab Corp to access a predetermined credit limit from the lending institutions. They can borrow and repay funds as needed, within the agreed-upon limit. Interest is typically charged on the outstanding balance. 2. Term Loan Agreement: In this type of agreement, Unilab Corp receives a fixed loan amount from the lending institutions. The loan is repaid over a specified period, usually with regular installments. Interest is charged on the outstanding loan balance. 3. Secured Credit Agreement: This agreement requires Unilab Corp to provide collateral to secure the credit facility. The collateral can be in the form of company assets, property, or other valuable assets. In case of default, the lending institutions can seize and sell the collateral to recover their funds. 4. Syndicated Credit Agreement: In a syndicated credit agreement, multiple lending institutions collaborate to provide credit facilities to Unilab Corp. Each institution contributes a portion of the total loan amount. This enables Unilab Corp to access a larger credit amount while diversifying the risk for the lenders. The Wake North Carolina Credit Agreement establishes the roles and responsibilities of all parties involved. Unilab Corp will be responsible for making timely repayments, providing required financial information, and maintaining satisfactory financial ratios. The lending institutions, such as Bankers Trust Co and Merrill Lynch Capital Corp, will review and evaluate Unilab Corp's financial performance and ensure compliance with the agreed-upon terms. Keywords: Wake North Carolina Credit Agreement, Unilab Corp, lending institutions, Bankers Trust Co, Merrill Lynch Capital Corp, loan amounts, interest rates, repayment terms, collateral requirements, revolving credit agreement, term loan agreement, secured credit agreement, syndicated credit agreement, collateral, default, financial ratios, financial performance.