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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Santa Clara
• 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. Santa Clara California Amended and Restated Credit Agreement is a legal document that governs the terms and conditions of the credit facility provided by various financial institutions, including ABN AFRO Bank, to ADAC Laboratories, a company based in Santa Clara, California. This agreement outlines the borrower's obligations, lender's rights, and sets forth the terms of the loan. The Santa Clara California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may have different types, depending on the specific requirements and structure of the financing. These types can include: 1. Revolving Credit Facility: This type of credit agreement provides ADAC Laboratories with a predetermined credit limit, allowing them to borrow, repay, and re-borrow funds within the authorized limit as per their cash flow needs. Interest is charged on the outstanding balance, and there may be a commitment fee for the unused portion of the facility. 2. Term Loan Agreement: In this type of credit agreement, ADAC Laboratories receives a lump sum loan upfront, which is repaid over a fixed period of time with regular installments. Interest rates can be fixed or floating, based on market conditions and negotiations. 3. Bridge Loan Agreement: A short-term financing option, the bridge loan agreement is designed to provide ADAC Laboratories with immediate funding until a permanent financing solution, such as a bond issuance or long-term loan, can be secured. Bridge loans often come with higher interest rates and are usually paid back within a year. 4. Working Capital Line of Credit: This credit facility is specifically used to finance ADAC Laboratories' day-to-day operations, including inventory purchases, accounts receivable, and other short-term needs. The line of credit is often based on a percentage of the company's eligible accounts receivable and inventory valuations. The Santa Clara California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank will define the specific terms, conditions, covenants, and collateral requirements that govern the respective credit facility. It will also outline any amendments or changes made to the initial credit agreement, ensuring transparency and legal protection for all parties involved.

Santa Clara California Amended and Restated Credit Agreement is a legal document that governs the terms and conditions of the credit facility provided by various financial institutions, including ABN AFRO Bank, to ADAC Laboratories, a company based in Santa Clara, California. This agreement outlines the borrower's obligations, lender's rights, and sets forth the terms of the loan. The Santa Clara California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank may have different types, depending on the specific requirements and structure of the financing. These types can include: 1. Revolving Credit Facility: This type of credit agreement provides ADAC Laboratories with a predetermined credit limit, allowing them to borrow, repay, and re-borrow funds within the authorized limit as per their cash flow needs. Interest is charged on the outstanding balance, and there may be a commitment fee for the unused portion of the facility. 2. Term Loan Agreement: In this type of credit agreement, ADAC Laboratories receives a lump sum loan upfront, which is repaid over a fixed period of time with regular installments. Interest rates can be fixed or floating, based on market conditions and negotiations. 3. Bridge Loan Agreement: A short-term financing option, the bridge loan agreement is designed to provide ADAC Laboratories with immediate funding until a permanent financing solution, such as a bond issuance or long-term loan, can be secured. Bridge loans often come with higher interest rates and are usually paid back within a year. 4. Working Capital Line of Credit: This credit facility is specifically used to finance ADAC Laboratories' day-to-day operations, including inventory purchases, accounts receivable, and other short-term needs. The line of credit is often based on a percentage of the company's eligible accounts receivable and inventory valuations. The Santa Clara California Amended and Restated Credit Agreement between ADAC Laboratories, various financial institutions, and ABN AFRO Bank will define the specific terms, conditions, covenants, and collateral requirements that govern the respective credit facility. It will also outline any amendments or changes made to the initial credit agreement, ensuring transparency and legal protection for all parties involved.