Contra Costa California Loan Agreement regarding Line of credit for purchase of digital radiographic imaging systems for dental and medical markets

• Category: Corporations - Public - Loans
• State: Multi-State
• County: Contra Costa
• Control #: US-EG-9227
• Format: Word; Rich Text

Description

Loan Agreement between Greystone Funding Corporation and Schick Technologies, Inc. regarding line of credit for the purchase by Schick from Greystone of digital radiographic imaging systems and devices for the dental and medical markets dated December A Contra Costa California Loan Agreement is a legally binding contract between a borrower and a lender based in Contra Costa County, California, that provides a line of credit specifically for the purchase of digital radiographic imaging systems for the dental and medical markets. This type of loan agreement is designed to assist dental clinics, medical facilities, and healthcare professionals in acquiring state-of-the-art imaging technology to enhance diagnostics and treatment. The Contra Costa California Loan Agreement for the purchase of digital radiographic imaging systems offers flexibility to the borrower, allowing them to access a predetermined credit line based on their requirements. They can borrow and repay funds within the approved credit limit, making it easier to manage expenses related to the acquisition of these specialized systems. This type of loan agreement may also be referred to as a "Digital Radiographic Imaging Systems Loan Agreement" or a "Dental and Medical Imaging Equipment Loan Agreement." Key provisions typically included in a Contra Costa California Loan Agreement for the purchase of digital radiographic imaging systems include: 1. Loan Purpose: Specifies that the loan funds are solely intended for the purchase of digital radiographic imaging systems for dental and medical markets. 2. Loan Amount: Specifies the approved credit limit that the borrower can access to finance the purchase of imaging equipment. The loan amount may vary based on the borrower's needs and their financial credibility. 3. Interest Rates: Outlines the interest rate that will be applied to the outstanding loan balance. The rate may be fixed or variable, depending on the terms agreed upon by the borrower and the lender. 4. Repayment Terms: Defines the repayment schedule, including the frequency of payments, repayment duration, and any grace periods. The agreement may also specify whether principal and interest payments are to be made or if interest-only payments are allowed during a certain period. 5. Collateral: Discusses the required collateral to secure the loan, such as the digital radiographic imaging systems being financed or other assets held by the borrower. Collateral provides the lender with security in case of default. 6. Default and Remedies: Outlines the circumstances under which the loan may be considered in default and the steps the lender can take to recover the outstanding balance, including penalties, fees, or legal actions. 7. Governing Law: Identifies Contra Costa County, California, as the applicable jurisdiction concerning any legal disputes that may arise during the loan agreement's term. It is important to note that while the aforementioned terms are commonly found in loan agreements, the specifics may vary depending on the lender and borrower's negotiations.

A Contra Costa California Loan Agreement is a legally binding contract between a borrower and a lender based in Contra Costa County, California, that provides a line of credit specifically for the purchase of digital radiographic imaging systems for the dental and medical markets. This type of loan agreement is designed to assist dental clinics, medical facilities, and healthcare professionals in acquiring state-of-the-art imaging technology to enhance diagnostics and treatment. The Contra Costa California Loan Agreement for the purchase of digital radiographic imaging systems offers flexibility to the borrower, allowing them to access a predetermined credit line based on their requirements. They can borrow and repay funds within the approved credit limit, making it easier to manage expenses related to the acquisition of these specialized systems. This type of loan agreement may also be referred to as a "Digital Radiographic Imaging Systems Loan Agreement" or a "Dental and Medical Imaging Equipment Loan Agreement." Key provisions typically included in a Contra Costa California Loan Agreement for the purchase of digital radiographic imaging systems include: 1. Loan Purpose: Specifies that the loan funds are solely intended for the purchase of digital radiographic imaging systems for dental and medical markets. 2. Loan Amount: Specifies the approved credit limit that the borrower can access to finance the purchase of imaging equipment. The loan amount may vary based on the borrower's needs and their financial credibility. 3. Interest Rates: Outlines the interest rate that will be applied to the outstanding loan balance. The rate may be fixed or variable, depending on the terms agreed upon by the borrower and the lender. 4. Repayment Terms: Defines the repayment schedule, including the frequency of payments, repayment duration, and any grace periods. The agreement may also specify whether principal and interest payments are to be made or if interest-only payments are allowed during a certain period. 5. Collateral: Discusses the required collateral to secure the loan, such as the digital radiographic imaging systems being financed or other assets held by the borrower. Collateral provides the lender with security in case of default. 6. Default and Remedies: Outlines the circumstances under which the loan may be considered in default and the steps the lender can take to recover the outstanding balance, including penalties, fees, or legal actions. 7. Governing Law: Identifies Contra Costa County, California, as the applicable jurisdiction concerning any legal disputes that may arise during the loan agreement's term. It is important to note that while the aforementioned terms are commonly found in loan agreements, the specifics may vary depending on the lender and borrower's negotiations.