What is an example of a revolving credit?

A credit card is a common example of revolving credit. By contrast, a revolving credit facility refers to a line of credit between your business and the bank. You'll be able to access funds when and where you like, up to an established maximum amount. Revolving credit facilities are also called bank lines or revolvers.

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Revolving Credit Agreement between PCSupport.com...

Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

Name: Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC
Brand: US Legal Forms
Rating: 4.84 (316 reviews)

Category:

Corporations - Public - Credit

State:

Multi-State

County:

Kings

Control #:

US-EG-9422

Format:

Instant download

Description

Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January 11, 2000. 70 pages. The Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legal and financial contract that outlines the terms and conditions of a revolving credit facility provided by ICE Holdings North America, LLC to PCSupport.com, Inc. The agreement allows PCSupport.com, Inc. to borrow funds up to a certain limit, repay the borrowed amount, and then borrow again up to the same limit, with interest being charged on the outstanding balance. This agreement serves as a vital tool to support PCSupport.com, Inc.'s ongoing operational and capital requirements. It provides flexibility and liquidity to PCSupport.com, Inc. to manage short-term cash flow needs efficiently. The revolving credit facility enables PCsupport.com, Inc. to access funds whenever needed, providing a safety net to cover unexpected expenditures, manage seasonal variations, or support growth opportunities. The Kings New York Revolving Credit Agreement has specific features and terms that are unique to this agreement. It includes provisions such as the borrowing base, which determines the maximum amount PCsupport.com, Inc. can borrow based on specified collateral, financial covenants, which require PCsupport.com, Inc. to maintain certain financial ratios, conditions precedent, which identify the requirements for borrowing to occur, and events of default, which outline circumstances that may lead to the termination of the agreement. Additionally, there may be different types of Kings New York Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC based on factors such as the agreed credit limit, interest rate, repayment terms, and any additional conditions specific to each agreement. These variations may cater to the evolving needs and circumstances of PCSupport.com, Inc. and reflect the dynamics of the financial market. In conclusion, the Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a crucial financial instrument that supports the liquidity and operational efficiency of PCSupport.com, Inc. It allows for flexible, on-demand access to funds, providing a significant advantage in managing short-term financial obligations while ensuring a robust financial foundation for long-term growth.

The Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legal and financial contract that outlines the terms and conditions of a revolving credit facility provided by ICE Holdings North America, LLC to PCSupport.com, Inc. The agreement allows PCSupport.com, Inc. to borrow funds up to a certain limit, repay the borrowed amount, and then borrow again up to the same limit, with interest being charged on the outstanding balance. This agreement serves as a vital tool to support PCSupport.com, Inc.'s ongoing operational and capital requirements. It provides flexibility and liquidity to PCSupport.com, Inc. to manage short-term cash flow needs efficiently. The revolving credit facility enables PCsupport.com, Inc. to access funds whenever needed, providing a safety net to cover unexpected expenditures, manage seasonal variations, or support growth opportunities. The Kings New York Revolving Credit Agreement has specific features and terms that are unique to this agreement. It includes provisions such as the borrowing base, which determines the maximum amount PCsupport.com, Inc. can borrow based on specified collateral, financial covenants, which require PCsupport.com, Inc. to maintain certain financial ratios, conditions precedent, which identify the requirements for borrowing to occur, and events of default, which outline circumstances that may lead to the termination of the agreement. Additionally, there may be different types of Kings New York Revolving Credit Agreements between PCSupport.com, Inc. and ICE Holdings North America, LLC based on factors such as the agreed credit limit, interest rate, repayment terms, and any additional conditions specific to each agreement. These variations may cater to the evolving needs and circumstances of PCSupport.com, Inc. and reflect the dynamics of the financial market. In conclusion, the Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a crucial financial instrument that supports the liquidity and operational efficiency of PCSupport.com, Inc. It allows for flexible, on-demand access to funds, providing a significant advantage in managing short-term financial obligations while ensuring a robust financial foundation for long-term growth.

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FAQ

A line of credit (LOC) is an account that lets you borrow money when you need it, up to a preset borrowing limit, by writing checks or using a bank card to make purchases or cash withdrawals. Available from many banks and credit unions, lines of credit are sometimes advertised as bank lines or personal lines of credit.

Revolving credit remains open until the lender or borrower closes the account. A non-revolving line of credit, on the other hand, is a one-time arrangement, and when the credit line is paid off, the lender closes the account.

A line of credit is a preset amount of money that a financial institution like a bank or credit union has agreed to lend you. You can draw from the line of credit when you need it, up to the maximum amount. You'll pay interest on the amount you borrow.

Revolving credit is an agreement that permits an account holder to borrow money repeatedly up to a set dollar limit while repaying a portion of the current balance due in regular payments.

Those who can budget and manage their money most effectively will benefit most from a revolving credit mortgage. However, if you take years to repay the balance withdrawn, the total interest costs you pay can be higher than short-term finance (even though the interest rates offered are higher).

An LOC is an arrangement between a financial institution?usually a bank?and a customer that establishes the maximum loan amount that the customer can borrow. The borrower can access funds from the LOC at any time as long as they do not exceed the maximum amount (or credit limit) set in the agreement.

Revolving credit is a line of credit that remains available over time, even if you pay the full balance. Credit cards are a common source of revolving credit, as are personal lines of credit.

Credit scores are highly sensitive to your credit utilization ratio?the amount of revolving credit you're using relative to your total credit limits?and a utilization ratio over 30% can hurt your credit score. To figure out your utilization rate, divide your total credit card balances by your total credit limits.

A credit card is a common example of revolving credit. By contrast, a revolving credit facility refers to a line of credit between your business and the bank. You'll be able to access funds when and where you like, up to an established maximum amount. Revolving credit facilities are also called bank lines or revolvers.

Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or

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Kings New York Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

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What is a revolving credit agreement?

Who are the parties involved in the Kings Revolving Credit Agreement (PCA no. 602443)?

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What is the limit of borrowing under the Kings Revolving Credit Agreement?

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