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

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Wayne
• 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. Wayne Michigan Revolving Credit Agreement is a financial contract between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement outlines the terms, conditions, and specifics of a revolving credit facility that grants PCSupport.com, Inc. access to funds on an as-needed basis, up to a predetermined credit limit. The revolving credit facility allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC repeatedly, once repaid, without the need for entering into a new agreement for each borrowing. This offers flexibility to PCSupport.com, Inc. as they can use the funds for various purposes such as working capital needs, operational expenses, potential acquisitions, research and development, or any other business-related activities. The Wayne Michigan Revolving Credit Agreement includes essential elements like the credit limit, interest rates, repayment terms, and any associated fees or charges. The specific terms may vary depending on the agreement reached between the two parties. The facility may also have different types or variations of revolving credit agreements. Some possible variations could include: 1. Secured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. pledges collateral, such as assets or accounts receivable, as security against the funds borrowed. This provides additional protection to ICE Holdings North America, LLC in case of default. 2. Unsecured Revolving Credit Agreement: Unlike the secured agreement, this type does not require collateral. PCSupport.com, Inc. can access the funds without pledging specific assets, but usually, such an arrangement may come with stricter terms or higher interest rates to compensate for the increased risk. 3. Variable Interest Rate Revolving Credit Agreement: This type of agreement may have an interest rate that fluctuates in accordance with prevailing market conditions. The interest rate may be tied to a reference rate such as the prime rate or LIBOR, with periodic adjustments. 4. Fixed Interest Rate Revolving Credit Agreement: In this type, the interest rate remains fixed throughout the term of the agreement. This provides predictability for PCSupport.com, Inc. as they can plan their repayment schedule accordingly. It's important to note that the specific terms and conditions of the Wayne Michigan Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC will be determined by negotiation and may deviate from the above examples. It is recommended that both parties seek legal and financial advice to ensure a mutually beneficial and legally compliant agreement.

Wayne Michigan Revolving Credit Agreement is a financial contract between PCSupport.com, Inc. and ICE Holdings North America, LLC. This agreement outlines the terms, conditions, and specifics of a revolving credit facility that grants PCSupport.com, Inc. access to funds on an as-needed basis, up to a predetermined credit limit. The revolving credit facility allows PCSupport.com, Inc. to borrow funds from ICE Holdings North America, LLC repeatedly, once repaid, without the need for entering into a new agreement for each borrowing. This offers flexibility to PCSupport.com, Inc. as they can use the funds for various purposes such as working capital needs, operational expenses, potential acquisitions, research and development, or any other business-related activities. The Wayne Michigan Revolving Credit Agreement includes essential elements like the credit limit, interest rates, repayment terms, and any associated fees or charges. The specific terms may vary depending on the agreement reached between the two parties. The facility may also have different types or variations of revolving credit agreements. Some possible variations could include: 1. Secured Revolving Credit Agreement: In this type of agreement, PCSupport.com, Inc. pledges collateral, such as assets or accounts receivable, as security against the funds borrowed. This provides additional protection to ICE Holdings North America, LLC in case of default. 2. Unsecured Revolving Credit Agreement: Unlike the secured agreement, this type does not require collateral. PCSupport.com, Inc. can access the funds without pledging specific assets, but usually, such an arrangement may come with stricter terms or higher interest rates to compensate for the increased risk. 3. Variable Interest Rate Revolving Credit Agreement: This type of agreement may have an interest rate that fluctuates in accordance with prevailing market conditions. The interest rate may be tied to a reference rate such as the prime rate or LIBOR, with periodic adjustments. 4. Fixed Interest Rate Revolving Credit Agreement: In this type, the interest rate remains fixed throughout the term of the agreement. This provides predictability for PCSupport.com, Inc. as they can plan their repayment schedule accordingly. It's important to note that the specific terms and conditions of the Wayne Michigan Revolving Credit Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC will be determined by negotiation and may deviate from the above examples. It is recommended that both parties seek legal and financial advice to ensure a mutually beneficial and legally compliant agreement.