Houston Texas Amended and Restated Credit Agreement between ADAC Laboratories, various financial institution and ABN AMRO Bank

• Category: Corporations - Public - Credit
• State: Multi-State
• City: Houston
• 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 Houston Texas Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a legally binding document that outlines the terms and conditions of a credit arrangement between the parties involved. This credit agreement serves as a financial tool to support ADAC Laboratories in meeting its funding requirements and facilitating its operational activities. Keywords: Houston Texas, Amended and Restated Credit Agreement, ADAC Laboratories, financial institutions, ABN AFRO Bank. The purpose of the Houston Texas Amended and Restated Credit Agreement is to provide ADAC Laboratories with access to credit on agreed terms to finance its business needs. This agreement signifies a restructuring of a previous credit arrangement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. The Amended and Restated Credit Agreement consists of several important sections, including the Parties involved, Definitions, Loan Facility, Interest Rates, Repayment Terms, Covenants, Representations and Warranties, Events of Default, and Governing Law clauses. The Parties involved in this agreement are ADAC Laboratories, an esteemed company operating in Houston, Texas, and financial institutions that have agreed to provide the necessary credit facilities. ABN AFRO Bank acts as the Administrative Agent, responsible for overseeing the credit arrangement. The Definitions section provides a clear understanding of key terms used throughout the agreement, ensuring that all parties are on the same page regarding their interpretation. The Loan Facility section outlines the details of the credit granted to ADAC Laboratories, such as the maximum amount, drawdown procedure, and the purposes for which the credit may be utilized. Interest Rates specify the applicable rates for the credit facility, including any variable interest rates or margins over a benchmark rate, ensuring transparency in the borrowing costs. Repayment Terms describe the schedule for repayment, including installment amounts, frequency, and due dates. It may also outline any grace periods or prepayment options available to ADAC Laboratories. Covenants are included to protect the interests of the financial institutions and ensure ADAC Laboratories' compliance with specific requirements, such as maintaining specific financial ratios, providing audited financial statements, or obtaining consent for certain actions. Representations and Warranties section confirms that ADAC Laboratories asserts the accuracy of certain information provided and guarantees compliance with applicable laws and regulations. Events of Default outline specific circumstances under which the financial institutions may demand immediate repayment of the credit or take other corrective actions. The Governing Law clause specifies the laws of Houston, Texas, that govern the interpretation and enforcement of the credit agreement. There may be different types of Houston Texas Amended and Restated Credit Agreements based on various factors, such as the loan amount, purpose, and duration. Each type will have its own unique terms and conditions tailored to the specific needs of ADAC Laboratories and the participating financial institutions. In conclusion, the Houston Texas Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a significant financial tool that facilitates ADAC Laboratories' funding requirements, enabling it to operate and achieve its business objectives.

The Houston Texas Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a legally binding document that outlines the terms and conditions of a credit arrangement between the parties involved. This credit agreement serves as a financial tool to support ADAC Laboratories in meeting its funding requirements and facilitating its operational activities. Keywords: Houston Texas, Amended and Restated Credit Agreement, ADAC Laboratories, financial institutions, ABN AFRO Bank. The purpose of the Houston Texas Amended and Restated Credit Agreement is to provide ADAC Laboratories with access to credit on agreed terms to finance its business needs. This agreement signifies a restructuring of a previous credit arrangement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank. The Amended and Restated Credit Agreement consists of several important sections, including the Parties involved, Definitions, Loan Facility, Interest Rates, Repayment Terms, Covenants, Representations and Warranties, Events of Default, and Governing Law clauses. The Parties involved in this agreement are ADAC Laboratories, an esteemed company operating in Houston, Texas, and financial institutions that have agreed to provide the necessary credit facilities. ABN AFRO Bank acts as the Administrative Agent, responsible for overseeing the credit arrangement. The Definitions section provides a clear understanding of key terms used throughout the agreement, ensuring that all parties are on the same page regarding their interpretation. The Loan Facility section outlines the details of the credit granted to ADAC Laboratories, such as the maximum amount, drawdown procedure, and the purposes for which the credit may be utilized. Interest Rates specify the applicable rates for the credit facility, including any variable interest rates or margins over a benchmark rate, ensuring transparency in the borrowing costs. Repayment Terms describe the schedule for repayment, including installment amounts, frequency, and due dates. It may also outline any grace periods or prepayment options available to ADAC Laboratories. Covenants are included to protect the interests of the financial institutions and ensure ADAC Laboratories' compliance with specific requirements, such as maintaining specific financial ratios, providing audited financial statements, or obtaining consent for certain actions. Representations and Warranties section confirms that ADAC Laboratories asserts the accuracy of certain information provided and guarantees compliance with applicable laws and regulations. Events of Default outline specific circumstances under which the financial institutions may demand immediate repayment of the credit or take other corrective actions. The Governing Law clause specifies the laws of Houston, Texas, that govern the interpretation and enforcement of the credit agreement. There may be different types of Houston Texas Amended and Restated Credit Agreements based on various factors, such as the loan amount, purpose, and duration. Each type will have its own unique terms and conditions tailored to the specific needs of ADAC Laboratories and the participating financial institutions. In conclusion, the Houston Texas Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank is a significant financial tool that facilitates ADAC Laboratories' funding requirements, enabling it to operate and achieve its business objectives.