The Fourth Amendment to Amended Restated Credit Agreement between Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus is a legal document that outlines the revisions made to the existing credit agreement between these parties in the state of Missouri. This amendment seeks to modify certain terms and conditions of the original agreement to accommodate the changing needs and circumstances of the involved entities. Keywords: Fourth Amendment, Amended Restated Credit Agreement, Ray tel Medical Corp, Bank Boston, N.A., Banquet Paribus, Missouri. This amendment is designed to provide greater clarity and specificity by detailing the adjustments made to the key provisions within the original credit agreement. It serves as a legally binding agreement that outlines the rights, obligations, and responsibilities of Ray tel Medical Corp as the borrower, and Bank Boston, N.A., and Banquet Paribus as the lenders. The main purpose of this Fourth Amendment is to accommodate modifications in interest rates, payment schedules, collateral, and other crucial aspects of the credit agreement. By mutually agreeing to these changes, all parties involved can better align their financial interests and ensure the continued smooth functioning of the borrowing relationship. The Missouri Fourth Amendment includes several significant types of modifications, such as: 1. Interest Rate Adjustments: This amendment may revise the interest rates imposed on the borrowed funds, taking into account market conditions, risk profiles, and agreed-upon terms by all parties. It clarifies any changes made, ensuring all parties are aware of the new interest rates. 2. Payment Schedule Changes: The amendment may alter the repayment schedule by adjusting the frequency, amount, and due dates of the loan installments. These changes can be made to accommodate the borrower's ability to meet financial obligations while considering any evolving financial circumstances. 3. Collateral Adjustments: The Fourth Amendment may introduce changes to the types and value of collateral required to secure the credit agreement. It might include adding or removing specific assets, updating their valuation, or modifying the terms related to the collateralized assets. 4. Additional Borrowing Capacity: This type of Fourth Amendment may grant Ray tel Medical Corp the ability to access additional borrowed funds beyond the initial credit limit. The agreement may specify the conditions and terms under which such additional borrowing can occur. 5. Covenant Modifications: The amendment might make changes to certain affirmative or negative covenants, which are the terms and conditions that the borrower must comply with. This can include adjusting financial ratios, operational requirements, or other obligations to align with the changing circumstances of Ray tel Medical Corp. It is essential to note that the types of amendments mentioned above are not exhaustive and may vary depending on the specific requirements of Ray tel Medical Corp, Bank Boston, N.A., and Banquet Paribus within the state of Missouri. The Fourth Amendment to the credit agreement ensures that all parties involved are aware of and compliant with any necessary changes to the agreement, promoting transparency and maintaining a mutually beneficial financial relationship.
Missouri Fourth Amendment to Amended Restated Credit Agreement between Raytel Medical Corp, Bank Boston, N.A. and Banque Paribas
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Thus, an amended and restated document includes all past amendments executed up to the date of the amended and restated agreement. The purpose of the amended and restated agreement is to simplify reading of the document, as one does not need to read the original document side-by-side with all subsequent amendments.
This is a standard form amending agreement for use where a borrower and its lender (or lenders) have agreed to modify their loan agreement by adding, changing or removing provisions and defined terms.
Amended and Restated Credit Facility Agreement means, solely with respect to the Reorganization Transaction, that certain credit agreement that amends and restates the Prepetition Credit Agreement, dated as of the Effective Date, among Reorganized Ditech, as borrower, the Amended and Restated Credit Facility Agent, ...
This Agreement is intended to and does completely amend and restate, without novation, the Original Agreement. All credit extensions or loans outstanding under the Original Agreement are and shall continue to be outstanding under this Agreement.
An amended and restated credit agreement is a credit agreement where one or many changes have been applied and stated within the document. A credit agreement is a legal document that outlines the terms of a loan agreement and is made between a borrower and a lender.