Oakland Michigan Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Oakland
• 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. Oakland, Michigan is a county located in the southeastern part of the state. It encompasses various cities, including Troy, Farmington Hills, and Rochester Hills. Known for its vibrant community, Oakland offers a diverse range of attractions, such as beautiful parks, art galleries, and shopping centers. In the business realm, PCSupport.com, Inc. and ICE Holdings North America, LLC have established a crucial financial arrangement known as the Oakland Michigan Revolving Credit Agreement. This agreement serves as a contractual agreement between the two companies, outlining the terms and conditions for a revolving line of credit. A revolving credit agreement is designed to provide flexibility and convenience in managing financial needs. It permits PCSupport.com, Inc. and ICE Holdings North America, LLC to borrow funds up to a predetermined limit. The agreement allows either party to borrow, repay, and re-borrow funds as needed during the defined period, typically one year. By leveraging the revolving credit line, PCSupport.com, Inc. and ICE Holdings North America, LLC can readily access working capital for various purposes. This may include covering expenses, investing in growth opportunities, or managing day-to-day operations. The agreement allows them to meet financial obligations promptly without the need for additional approval or negotiations. It is worth noting that different types of Oakland Michigan Revolving Credit Agreements might exist between PCSupport.com, Inc. and ICE Holdings North America, LLC. These types may vary based on the terms, conditions, and specific provisions outlined within each agreement. Some possible types include: 1. Traditional Revolving Credit Agreement: This type of agreement typically involves a predetermined credit limit and a fixed term. Borrowers can freely access funds within the approved limit during the specified duration. 2. Revolving Line of Credit Agreement with a Floating Interest Rate: In this type of agreement, the interest rate applied to borrowed funds may fluctuate over time based on a predefined benchmark, such as the prime rate or LIBOR. 3. Secured Revolving Credit Agreement: This agreement involves collateral provided as security against the credit line. The collateral helps mitigate the lender's risk and may offer more favorable borrowing terms to the borrower. 4. Vendor Revolving Credit Agreement: This type of agreement focuses on a specific vendor or supplier. It allows PCSupport.com, Inc. or ICE Holdings North America, LLC to access credit specifically for purchasing goods or services from the vendor without seeking alternative financing methods. Overall, the Oakland Michigan Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC provides a flexible and convenient financial solution for these companies to meet their dynamic business needs. With various types of agreements available, they can choose the one that aligns best with their specific requirements and objectives.

Oakland, Michigan is a county located in the southeastern part of the state. It encompasses various cities, including Troy, Farmington Hills, and Rochester Hills. Known for its vibrant community, Oakland offers a diverse range of attractions, such as beautiful parks, art galleries, and shopping centers. In the business realm, PCSupport.com, Inc. and ICE Holdings North America, LLC have established a crucial financial arrangement known as the Oakland Michigan Revolving Credit Agreement. This agreement serves as a contractual agreement between the two companies, outlining the terms and conditions for a revolving line of credit. A revolving credit agreement is designed to provide flexibility and convenience in managing financial needs. It permits PCSupport.com, Inc. and ICE Holdings North America, LLC to borrow funds up to a predetermined limit. The agreement allows either party to borrow, repay, and re-borrow funds as needed during the defined period, typically one year. By leveraging the revolving credit line, PCSupport.com, Inc. and ICE Holdings North America, LLC can readily access working capital for various purposes. This may include covering expenses, investing in growth opportunities, or managing day-to-day operations. The agreement allows them to meet financial obligations promptly without the need for additional approval or negotiations. It is worth noting that different types of Oakland Michigan Revolving Credit Agreements might exist between PCSupport.com, Inc. and ICE Holdings North America, LLC. These types may vary based on the terms, conditions, and specific provisions outlined within each agreement. Some possible types include: 1. Traditional Revolving Credit Agreement: This type of agreement typically involves a predetermined credit limit and a fixed term. Borrowers can freely access funds within the approved limit during the specified duration. 2. Revolving Line of Credit Agreement with a Floating Interest Rate: In this type of agreement, the interest rate applied to borrowed funds may fluctuate over time based on a predefined benchmark, such as the prime rate or LIBOR. 3. Secured Revolving Credit Agreement: This agreement involves collateral provided as security against the credit line. The collateral helps mitigate the lender's risk and may offer more favorable borrowing terms to the borrower. 4. Vendor Revolving Credit Agreement: This type of agreement focuses on a specific vendor or supplier. It allows PCSupport.com, Inc. or ICE Holdings North America, LLC to access credit specifically for purchasing goods or services from the vendor without seeking alternative financing methods. Overall, the Oakland Michigan Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC provides a flexible and convenient financial solution for these companies to meet their dynamic business needs. With various types of agreements available, they can choose the one that aligns best with their specific requirements and objectives.