Riverside California Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Riverside
• 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. The Riverside California revolving credit agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding document that outlines the terms and conditions for a revolving line of credit between the two parties. This agreement allows PCSupport.com, Inc. to borrow funds as needed from ICE Holdings North America, LLC up to a predetermined credit limit. The purpose of the Riverside California revolving credit agreement is to provide PCSupport.com, Inc. with access to working capital to support its business operations and growth initiatives. By having a revolving line of credit, PCSupport.com, Inc. can borrow funds as necessary and repay them over time, with flexibility in terms of borrowing and repayment periods. The terms of the Riverside California revolving credit agreement include the credit limit, interest rate, repayment terms, requirements for financial reporting and collateral, as well as any fees or charges associated with the line of credit. The agreement also specifies the rights and obligations of both parties, including any conditions for the termination or amendment of the agreement. Depending on the specific needs and circumstances of PCSupport.com, Inc. and ICE Holdings North America, LLC, there may be different types of Riverside California revolving credit agreements. These could include: 1. General Revolving Credit Agreement: This is the most common type of revolving credit agreement, which provides PCSupport.com, Inc. with a maximum credit limit and the ability to borrow and repay funds as needed within that limit. 2. Seasonal Revolving Credit Agreement: This type of agreement is suitable for businesses that experience seasonal fluctuations in their cash flow. It allows PCSupport.com, Inc. to increase its credit limit during peak seasons and reduce it during slower periods. 3. Non-Recourse Revolving Credit Agreement: In this agreement, ICE Holdings North America, LLC agrees not to seek repayment from PCSupport.com, Inc. in case of default. This type of agreement may include specific conditions and requirements to protect the lender's interests. 4. Asset-Based Revolving Credit Agreement: This agreement is secured by specific assets of PCSupport.com, Inc., such as accounts receivable, inventory, or equipment. It provides ICE Holdings North America, LLC with additional collateral in case of default and may offer more favorable terms due to reduced risk. Each of these types of Riverside California revolving credit agreements has its own advantages and considerations, and the specific terms and conditions will vary based on the needs and negotiations between PCSupport.com, Inc. and ICE Holdings North America, LLC. It is crucial for both parties to fully understand the agreement's terms and implications before entering into such a financial arrangement.

The Riverside California revolving credit agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC is a legally binding document that outlines the terms and conditions for a revolving line of credit between the two parties. This agreement allows PCSupport.com, Inc. to borrow funds as needed from ICE Holdings North America, LLC up to a predetermined credit limit. The purpose of the Riverside California revolving credit agreement is to provide PCSupport.com, Inc. with access to working capital to support its business operations and growth initiatives. By having a revolving line of credit, PCSupport.com, Inc. can borrow funds as necessary and repay them over time, with flexibility in terms of borrowing and repayment periods. The terms of the Riverside California revolving credit agreement include the credit limit, interest rate, repayment terms, requirements for financial reporting and collateral, as well as any fees or charges associated with the line of credit. The agreement also specifies the rights and obligations of both parties, including any conditions for the termination or amendment of the agreement. Depending on the specific needs and circumstances of PCSupport.com, Inc. and ICE Holdings North America, LLC, there may be different types of Riverside California revolving credit agreements. These could include: 1. General Revolving Credit Agreement: This is the most common type of revolving credit agreement, which provides PCSupport.com, Inc. with a maximum credit limit and the ability to borrow and repay funds as needed within that limit. 2. Seasonal Revolving Credit Agreement: This type of agreement is suitable for businesses that experience seasonal fluctuations in their cash flow. It allows PCSupport.com, Inc. to increase its credit limit during peak seasons and reduce it during slower periods. 3. Non-Recourse Revolving Credit Agreement: In this agreement, ICE Holdings North America, LLC agrees not to seek repayment from PCSupport.com, Inc. in case of default. This type of agreement may include specific conditions and requirements to protect the lender's interests. 4. Asset-Based Revolving Credit Agreement: This agreement is secured by specific assets of PCSupport.com, Inc., such as accounts receivable, inventory, or equipment. It provides ICE Holdings North America, LLC with additional collateral in case of default and may offer more favorable terms due to reduced risk. Each of these types of Riverside California revolving credit agreements has its own advantages and considerations, and the specific terms and conditions will vary based on the needs and negotiations between PCSupport.com, Inc. and ICE Holdings North America, LLC. It is crucial for both parties to fully understand the agreement's terms and implications before entering into such a financial arrangement.