Another Term For Loan Agreement

State:
Multi-State
Control #:
US-EG-9010
Format:
Word; 
Rich Text
Instant download

Description

The First Modification of Amended and Restated Term Loan Agreement and Assignment serves as a legal document that modifies an existing loan agreement between Dixon Ticonderoga Company and various lenders. Another term for loan agreement is a 'credit facility' or 'loan contract,' which refers to the overarching terms under which the loan is structured. This modification includes important features such as amendments to financial terms, definition updates, and stipulations related to payments and taxes. Key features involve defining terms like 'Dollars' and adjusting loan amounts for principal payments. Users are instructed to complete the form by ensuring all necessary signatures and certificates are provided, along with compliance with specific conditions outlined in the modification. This form is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants handling corporate finance due to its implications on borrowing, lending, and contractual obligations. It serves to clarify obligations of all parties and protect their rights while facilitating ongoing business financing.
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FAQ

The term of agreement refers to the specific conditions outlined in a contract between parties, especially regarding durations and obligations. In the context of another term for loan agreement, it defines how long the borrower has to repay the loan and any related terms that govern the relationship. Understanding these terms is essential for both parties to ensure clarity and avoid disputes. If you need help drafting or reviewing a loan agreement, consider uslegalforms to access tailored documents that suit your needs.

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Another Term For Loan Agreement