Ohio Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp The Ohio Credit Agreement is a legally binding contract between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. This agreement outlines the terms and conditions under which Unilab Corp can access credit facilities provided by the lending institutions. Key aspects covered in the Ohio Credit Agreement include the amount of credit to be made available to Unilab Corp, the interest rates applicable, repayment terms, and any associated fees or charges. The agreement also details the obligations and responsibilities of each party involved. Ohio Credit Agreement Types: 1. Revolving Credit Facility: This type of credit agreement provides Unilab Corp with ongoing access to a predetermined credit limit. The company can borrow and repay funds within this limit as needed. Interest is charged on the outstanding balance, and Unilab Corp can utilize the credit facility multiple times during the agreement period. 2. Term Loan Agreement: In this type of credit agreement, Unilab Corp receives a lump sum amount from the lending institutions. The funds are to be repaid over a specified period, usually with a fixed interest rate. This type of agreement is suitable for financing specific projects or investments. 3. Line of Credit Agreement: This agreement provides Unilab Corp with a predetermined amount of credit, similar to a revolving credit facility. However, unlike a revolving credit facility, a line of credit agreement typically has a specific purpose, such as financing inventory or supporting business operations during seasonal fluctuations. The Ohio Credit Agreement also includes provisions for events of default, which may include Unilab Corp's failure to make timely payments, violation of terms, or a significant adverse change in the company's financial condition. In the event of default, the agreement outlines the rights and remedies available to the lending institutions. Other important aspects covered in the Ohio Credit Agreement may include collateral requirements, representations and warranties of Unilab Corp, covenants, conditions for prepayment or early termination, and dispute resolution mechanisms. Overall, the Ohio Credit Agreement plays a vital role in facilitating financial support for Unilab Corp from various lending institutions, including Bankers Trust Co and Merrill Lynch Capital Corp. It ensures clear understanding and compliance with the terms and conditions agreed upon, providing financial stability and flexibility for Unilab Corp's operations and growth.
Ohio Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co and Merrill Lynch Capital Corp
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