District of Columbia Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9197
• Format: Word; Rich Text

Description

Credit Agreement between Unilab Corporation, Various Lending Institutions, Bankers Trust Company and Merrill Lynch Capital Corporation dated November 23, 1999. 110 pages

The District of Columbia Credit Agreement is a legally binding document that outlines financial terms and conditions between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. It serves as a crucial agreement in facilitating credit transactions in the District of Columbia. The primary purpose of this credit agreement is to establish the terms and conditions under which Unilab Corp can access credit facilities provided by the lending institutions mentioned, through the intermediation of Bankers Trust Co and Merrill Lynch Capital Corp. These credit facilities may vary in terms of the amount and duration, based on the specific needs and requirements of Unilab Corp. The District of Columbia Credit Agreement encompasses a wide range of provisions and clauses, including but not limited to: 1. Loan Amount and Purpose: The agreement stipulates the maximum loan amount that Unilab Corp can access from the lending institutions. It also outlines the purpose for which the funds can be utilized, including working capital, expansion projects, equipment purchase, or other authorized business purposes. 2. Interest Rate and Payment Terms: The credit agreement sets out the interest rate, which is determined by market conditions, creditworthiness, and negotiation between Unilab Corp and the lending institutions. The payment terms, such as repayment schedule, frequency, and method of payments, are also defined in the agreement. 3. Collateral and Security: To secure the credit facilities, the agreement may require Unilab Corp to provide collateral, which can include real estate, equipment, inventory, or other valuable assets. Additionally, the agreement may establish personal guarantees from the company's principals or financial institutions. 4. Representations and Warranties: The credit agreement requires Unilab Corp to make certain representations and warranties regarding the accuracy of financial statements, compliance with laws and regulations, absence of litigation, and other crucial aspects of its business operations. 5. Covenants and Conditions: The agreement details specific covenants to ensure Unilab Corp's compliance with various financial and non-financial conditions, such as maintaining financial ratios, submitting regular financial reports, obtaining consent for significant transactions, and restrictions on certain activities. 6. Default and Remedies: In the event of a default or breach of any terms in the agreement, the credit agreement outlines the actions that the lending institutions can take, including acceleration of the debt, imposition of penalties or fees, and enforcement of available remedies such as foreclosure or legal action. There may be different types of District of Columbia Credit Agreements between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp, based on the nature of credit facilities provided. These variations could include revolving credit agreements, term loan agreements, bridge financing agreements, or asset-based lending agreements. Each type of agreement will have specific provisions tailored to the particular credit facility it governs. Keywords: District of Columbia, Credit Agreement, Unilab Corp, Various Lending Institutions, Bankers Trust Co, Merrill Lynch Capital Corp, loan amount, interest rate, payment terms, collateral, security, representations, warranties, covenants, conditions, default, remedies, revolving credit agreement, term loan agreement, bridge financing agreement, asset-based lending agreement.