Montgomery Maryland Credit Agreement regarding extension of credit

• Category: Corporations - Public - Credit
• State: Multi-State
• County: Montgomery
• Control #: US-EG-9453
• Format: Word; Rich Text

Description

Credit Agreement among Citadel Broadcasting Company, Citadel Communications Corporation, Certain Lenders, Credit Suisse First Boston, Finova Capital Corporation, first Union National Bank and Fleet National Bank regarding extension of credit in various The Montgomery Maryland Credit Agreement regarding the extension of credit is a legal document that outlines the terms and conditions under which credit is provided to borrowers residing in Montgomery, Maryland. This comprehensive agreement sets forth the specific rules and obligations that both the borrower and the lender must adhere to throughout the duration of the credit extension. In order to ensure clarity and precision, the Montgomery Maryland Credit Agreement defines various key concepts and provisions related to the extension of credit. Some relevant keywords that can be found in this agreement include: 1. Extension of Credit: This refers to the act of providing financial resources, typically money, to a borrower by a lender, to be repaid over a specified period of time, usually with interest. 2. Borrower: The individual or business entity that receives the credit and is responsible for repayment according to the terms outlined in the credit agreement. 3. Lender: The financial institution, bank, or creditor that provides the credit to the borrower, with the expectation of repayment and accrual of interest. 4. Terms and Conditions: These are the specific rules and requirements that govern the credit extension, including interest rates, repayment schedules, late payment penalties, and any other obligations both parties must fulfill. 5. Interest Rate: The percentage charged by the lender on the borrowed amount, which is an added cost to the borrower for utilizing the credit. 6. Repayment Schedule: The agreed-upon timeline for the borrower to repay the borrowed amount and any accrued interest. This includes information on installment amounts, due dates, and the total duration of the credit extension. 7. Late Payment Penalties: The additional charges or fees imposed by the lender if the borrower fails to make timely payments according to the agreed-upon repayment schedule. 8. Security/Collateral: Any valuable assets that the borrower may offer as a security measure to the lender, which can be seized in case of default on repayment. 9. Types of Credit Agreements: There can be various types of credit agreements in Montgomery, Maryland, such as personal credit agreements, business credit agreements, revolving credit agreements, and line of credit agreements. Each type may have specific terms and conditions depending on the borrower's requirements and the lender's policies. The Montgomery Maryland Credit Agreement regarding the extension of credit ensures that both borrowers and lenders fully comprehend their responsibilities and rights, minimizing potential disputes and promoting transparent financial transactions. It is crucial for all parties involved to carefully review and understand the credit agreement before entering into any credit extension arrangement.

The Montgomery Maryland Credit Agreement regarding the extension of credit is a legal document that outlines the terms and conditions under which credit is provided to borrowers residing in Montgomery, Maryland. This comprehensive agreement sets forth the specific rules and obligations that both the borrower and the lender must adhere to throughout the duration of the credit extension. In order to ensure clarity and precision, the Montgomery Maryland Credit Agreement defines various key concepts and provisions related to the extension of credit. Some relevant keywords that can be found in this agreement include: 1. Extension of Credit: This refers to the act of providing financial resources, typically money, to a borrower by a lender, to be repaid over a specified period of time, usually with interest. 2. Borrower: The individual or business entity that receives the credit and is responsible for repayment according to the terms outlined in the credit agreement. 3. Lender: The financial institution, bank, or creditor that provides the credit to the borrower, with the expectation of repayment and accrual of interest. 4. Terms and Conditions: These are the specific rules and requirements that govern the credit extension, including interest rates, repayment schedules, late payment penalties, and any other obligations both parties must fulfill. 5. Interest Rate: The percentage charged by the lender on the borrowed amount, which is an added cost to the borrower for utilizing the credit. 6. Repayment Schedule: The agreed-upon timeline for the borrower to repay the borrowed amount and any accrued interest. This includes information on installment amounts, due dates, and the total duration of the credit extension. 7. Late Payment Penalties: The additional charges or fees imposed by the lender if the borrower fails to make timely payments according to the agreed-upon repayment schedule. 8. Security/Collateral: Any valuable assets that the borrower may offer as a security measure to the lender, which can be seized in case of default on repayment. 9. Types of Credit Agreements: There can be various types of credit agreements in Montgomery, Maryland, such as personal credit agreements, business credit agreements, revolving credit agreements, and line of credit agreements. Each type may have specific terms and conditions depending on the borrower's requirements and the lender's policies. The Montgomery Maryland Credit Agreement regarding the extension of credit ensures that both borrowers and lenders fully comprehend their responsibilities and rights, minimizing potential disputes and promoting transparent financial transactions. It is crucial for all parties involved to carefully review and understand the credit agreement before entering into any credit extension arrangement.