Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Contra Costa
• Control #: US-EG-9230
• Format: Word; Rich Text

Description

Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank, N.V. regarding the addition of a new person as a lender and to increase the amount available for borrowing dated March 29, 1999. 63 pages. The Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a crucial document that outlines the terms and conditions of a credit facility provided to ADAC Laboratories by multiple lenders, with ABN AFRO Bank acting as the administrative agent. This credit agreement serves as a legal contract that governs the borrowing arrangements between ADAC Laboratories and the participating financial institutions, granting ADAC Laboratories access to a revolving credit line for various business purposes. By entering into this agreement, ADAC Laboratories obtains financial flexibility and the ability to manage its working capital and short-term liquidity needs effectively. The agreement sets forth the terms of the credit facility, including the loan amount, interest rates, repayment terms, fees, and covenants that ADAC Laboratories must adhere to. It includes provisions for draw downs, repayments, interest calculations, and specifies the roles and responsibilities of each party involved. The Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may have different types based on the specific purpose of borrowing or the structure of the credit facility. Some potential types could include: 1. Revolving Credit Facility: This type of agreement establishes a maximum credit limit, allowing ADAC Laboratories to draw funds as needed and repay them on a revolving basis. The credit line can be utilized repeatedly, making it suitable for managing short-term cash flow fluctuations. 2. Term Loan Facility: This agreement provides ADAC Laboratories with a one-time lump sum advance for a specific purpose, such as financing capital expenditures, acquisitions, or expansion plans. ADAC Laboratories then repays the loan over an agreed-upon term with specified interest rates. 3. Syndicated Credit Facility: In this scenario, multiple financial institutions join together to provide a large credit facility to ADAC Laboratories. Each lender contributes a portion of the total loan amount while ABN AFRO Bank acts as the administrative agent, overseeing the loan administration process on behalf of all lenders. 4. Secured/Unsecured Credit Agreement: The agreement may be secured, meaning ADAC Laboratories provides collateral (such as assets or receivables) as security for the loan, or unsecured, where no specific collateral is required. Secured credit agreements typically have lower interest rates due to the reduced risk for lenders. It is important to note that the specific terms and variations of the Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank would be found in the actual legal document itself, as the agreement can differ based on the unique circumstances and specific requirements of the parties involved.

The Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a crucial document that outlines the terms and conditions of a credit facility provided to ADAC Laboratories by multiple lenders, with ABN AFRO Bank acting as the administrative agent. This credit agreement serves as a legal contract that governs the borrowing arrangements between ADAC Laboratories and the participating financial institutions, granting ADAC Laboratories access to a revolving credit line for various business purposes. By entering into this agreement, ADAC Laboratories obtains financial flexibility and the ability to manage its working capital and short-term liquidity needs effectively. The agreement sets forth the terms of the credit facility, including the loan amount, interest rates, repayment terms, fees, and covenants that ADAC Laboratories must adhere to. It includes provisions for draw downs, repayments, interest calculations, and specifies the roles and responsibilities of each party involved. The Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may have different types based on the specific purpose of borrowing or the structure of the credit facility. Some potential types could include: 1. Revolving Credit Facility: This type of agreement establishes a maximum credit limit, allowing ADAC Laboratories to draw funds as needed and repay them on a revolving basis. The credit line can be utilized repeatedly, making it suitable for managing short-term cash flow fluctuations. 2. Term Loan Facility: This agreement provides ADAC Laboratories with a one-time lump sum advance for a specific purpose, such as financing capital expenditures, acquisitions, or expansion plans. ADAC Laboratories then repays the loan over an agreed-upon term with specified interest rates. 3. Syndicated Credit Facility: In this scenario, multiple financial institutions join together to provide a large credit facility to ADAC Laboratories. Each lender contributes a portion of the total loan amount while ABN AFRO Bank acts as the administrative agent, overseeing the loan administration process on behalf of all lenders. 4. Secured/Unsecured Credit Agreement: The agreement may be secured, meaning ADAC Laboratories provides collateral (such as assets or receivables) as security for the loan, or unsecured, where no specific collateral is required. Secured credit agreements typically have lower interest rates due to the reduced risk for lenders. It is important to note that the specific terms and variations of the Contra Costa California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank would be found in the actual legal document itself, as the agreement can differ based on the unique circumstances and specific requirements of the parties involved.