Houston Texas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• City: Houston
• Control #: US-EG-9422
• Format: Word; Rich Text

Description

Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January 11, 2000. 70 pages. A Houston Texas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding agreement that outlines the terms and conditions related to an ongoing credit facility. This agreement allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC up to a predetermined credit limit, repay and redraw funds as needed, to support its business operations. Now, let's explore different types of Houston Texas Revolving Credit Agreements between these two parties: 1. General Revolving Credit Agreement: This type of agreement establishes a flexible line of credit, enabling PCSupport.com, Inc. to borrow funds up to a certain limit whenever necessary. Funds can be repaid and redrawn repeatedly throughout the term of the agreement. 2. Secured Revolving Credit Agreement: This agreement involves the provision of collateral or security by PCSupport.com, Inc. to ICE Holdings North America, LLC. This collateral guarantees repayment of the borrowed funds and often results in more favorable borrowing terms, such as lower interest rates. 3. Unsecured Revolving Credit Agreement: In contrast to the secured agreement, this type does not require PCSupport.com, Inc. to provide collateral. However, this may lead to slightly higher interest rates to compensate for the lack of collateral. 4. Standby Revolving Credit Agreement: This agreement primarily serves as a backup source of funding for PCSupport.com, Inc. during specific circumstances, such as covering unforeseen expenses or temporarily replacing another credit facility. It remains unused until triggered. 5. Specific Purpose Revolving Credit Agreement: This agreement is tailored to meet a particular financial need of PCSupport.com, Inc. For instance, it may be used for funding inventory purchases, equipment upgrades, or funding specific projects. Regardless of the type of Houston Texas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC, such agreements typically include key elements such as the credit limit, interest rates, repayment terms, fees, and events of default. The agreement serves as a crucial financial tool for PCSupport.com, Inc. to manage its liquidity needs effectively and promote its continued growth and success.

A Houston Texas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding agreement that outlines the terms and conditions related to an ongoing credit facility. This agreement allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC up to a predetermined credit limit, repay and redraw funds as needed, to support its business operations. Now, let's explore different types of Houston Texas Revolving Credit Agreements between these two parties: 1. General Revolving Credit Agreement: This type of agreement establishes a flexible line of credit, enabling PCSupport.com, Inc. to borrow funds up to a certain limit whenever necessary. Funds can be repaid and redrawn repeatedly throughout the term of the agreement. 2. Secured Revolving Credit Agreement: This agreement involves the provision of collateral or security by PCSupport.com, Inc. to ICE Holdings North America, LLC. This collateral guarantees repayment of the borrowed funds and often results in more favorable borrowing terms, such as lower interest rates. 3. Unsecured Revolving Credit Agreement: In contrast to the secured agreement, this type does not require PCSupport.com, Inc. to provide collateral. However, this may lead to slightly higher interest rates to compensate for the lack of collateral. 4. Standby Revolving Credit Agreement: This agreement primarily serves as a backup source of funding for PCSupport.com, Inc. during specific circumstances, such as covering unforeseen expenses or temporarily replacing another credit facility. It remains unused until triggered. 5. Specific Purpose Revolving Credit Agreement: This agreement is tailored to meet a particular financial need of PCSupport.com, Inc. For instance, it may be used for funding inventory purchases, equipment upgrades, or funding specific projects. Regardless of the type of Houston Texas Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC, such agreements typically include key elements such as the credit limit, interest rates, repayment terms, fees, and events of default. The agreement serves as a crucial financial tool for PCSupport.com, Inc. to manage its liquidity needs effectively and promote its continued growth and success.