Phoenix Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• City: Phoenix
• 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. Title: Understanding the Phoenix, Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: In the bustling city of Phoenix, Arizona, PCSupport.com, Inc. and ICE Holdings North America, LLC have established a mutually beneficial financial arrangement through a Revolving Credit Agreement. This comprehensive document serves as the foundation for their ongoing financial collaboration, providing clear terms and guidelines for credit utilization. Let's delve into the key aspects of this agreement. Phoenix, Arizona Revolving Credit Agreement Overview: The Phoenix, Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a contractual agreement designed to facilitate a mutually agreed-upon credit arrangement. It outlines the terms, conditions, and provisions governing the credit facility available to PCSupport.com, Inc., provided by ICE Holdings North America, LLC. Key Features: 1. Borrowing Capacity: The agreement specifies the maximum credit limit that PCSupport.com, Inc. can access from ICE Holdings North America, LLC. This revolving nature of the credit facility means that PCSupport.com, Inc. can borrow, repay, and re-borrow funds within the agreed-upon limit for an agreed-upon period. 2. Interest Rates and Charges: The agreement outlines the interest rates applicable to the borrowed funds, along with any fees or charges associated with the revolving credit. These terms ensure transparency in repayment obligations for PCSupport.com, Inc. 3. Repayment Terms: The agreement establishes the repayment schedule, including the frequency and duration of payments. PCSupport.com, Inc. is obligated to make regular payments, ensuring compliance with agreed terms to avoid any penalties or defaults. 4. Covenants: Various covenants may be included in the agreement to safeguard the interests of both parties. These may encompass restrictions on additional borrowings, maintenance of financial ratios, limitations on corporate activities, and more. Types of Phoenix, Arizona Revolving Credit Agreements: 1. Secured Revolving Credit Agreement: This type of agreement may require PCSupport.com, Inc. to provide collateral (such as accounts receivable, inventory, or real estate) to secure the credit facility provided by ICE Holdings North America, LLC. Secured agreements offer added protection for the lender, potentially leading to more favorable lending terms for PCSupport.com, Inc. 2. Unsecured Revolving Credit Agreement: In contrast to a secured agreement, an unsecured revolving credit agreement does not require PCSupport.com, Inc. to provide collateral. The creditworthiness and financial strength of PCSupport.com, Inc. are the key factors determining the terms and conditions of the agreement. Conclusion: The Phoenix, Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a crucial financial arrangement that fuels the growth and operational efficiency of PCSupport.com, Inc. By establishing clear guidelines on borrowing limits, repayment terms, and other provisions specific to different types of agreements, this agreement ensures a mutually beneficial relationship between the two entities.

Title: Understanding the Phoenix, Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC Introduction: In the bustling city of Phoenix, Arizona, PCSupport.com, Inc. and ICE Holdings North America, LLC have established a mutually beneficial financial arrangement through a Revolving Credit Agreement. This comprehensive document serves as the foundation for their ongoing financial collaboration, providing clear terms and guidelines for credit utilization. Let's delve into the key aspects of this agreement. Phoenix, Arizona Revolving Credit Agreement Overview: The Phoenix, Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a contractual agreement designed to facilitate a mutually agreed-upon credit arrangement. It outlines the terms, conditions, and provisions governing the credit facility available to PCSupport.com, Inc., provided by ICE Holdings North America, LLC. Key Features: 1. Borrowing Capacity: The agreement specifies the maximum credit limit that PCSupport.com, Inc. can access from ICE Holdings North America, LLC. This revolving nature of the credit facility means that PCSupport.com, Inc. can borrow, repay, and re-borrow funds within the agreed-upon limit for an agreed-upon period. 2. Interest Rates and Charges: The agreement outlines the interest rates applicable to the borrowed funds, along with any fees or charges associated with the revolving credit. These terms ensure transparency in repayment obligations for PCSupport.com, Inc. 3. Repayment Terms: The agreement establishes the repayment schedule, including the frequency and duration of payments. PCSupport.com, Inc. is obligated to make regular payments, ensuring compliance with agreed terms to avoid any penalties or defaults. 4. Covenants: Various covenants may be included in the agreement to safeguard the interests of both parties. These may encompass restrictions on additional borrowings, maintenance of financial ratios, limitations on corporate activities, and more. Types of Phoenix, Arizona Revolving Credit Agreements: 1. Secured Revolving Credit Agreement: This type of agreement may require PCSupport.com, Inc. to provide collateral (such as accounts receivable, inventory, or real estate) to secure the credit facility provided by ICE Holdings North America, LLC. Secured agreements offer added protection for the lender, potentially leading to more favorable lending terms for PCSupport.com, Inc. 2. Unsecured Revolving Credit Agreement: In contrast to a secured agreement, an unsecured revolving credit agreement does not require PCSupport.com, Inc. to provide collateral. The creditworthiness and financial strength of PCSupport.com, Inc. are the key factors determining the terms and conditions of the agreement. Conclusion: The Phoenix, Arizona Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a crucial financial arrangement that fuels the growth and operational efficiency of PCSupport.com, Inc. By establishing clear guidelines on borrowing limits, repayment terms, and other provisions specific to different types of agreements, this agreement ensures a mutually beneficial relationship between the two entities.