A Detailed Description of Wisconsin Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp The Wisconsin Credit Agreement between Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp is a legal document that outlines the terms and conditions under which Unilab Corp can access credit facilities provided by the different lending institutions involved. This Credit Agreement serves as a vital financial tool for Unilab Corp, allowing them to meet their working capital requirements, fund expansions, and support other operational needs. The agreement defines the rights and obligations of all parties involved, ensuring a clear understanding of what is expected and mitigating any potential disputes. The Wisconsin Credit Agreement encompasses the following key elements: 1. Parties involved: The primary parties to the agreement are Unilab Corp, Various Lending Institutions, Bankers Trust Co, and Merrill Lynch Capital Corp. Each party's roles and responsibilities are specified within the agreement. 2. Terms and conditions: The Agreement outlines the specific terms and conditions under which credit is extended to Unilab Corp. This includes the maximum amount of credit available, interest rates, repayment terms, and any collateral or guarantees required. 3. Purpose of credit: The Agreement details the purpose for which the credit may be used. This ensures that Unilab Corp uses the borrowed funds for legitimate business activities and prevents any misuse. 4. Credit facilities: The Credit Agreement may provide for various types of credit facilities, including revolving credit lines, term loans, or other specialized financing options. Each facility type may have its own specific terms and conditions. 5. Disbursement and repayment: The Agreement outlines the process for disbursement of funds and the repayment schedule. This includes specifying the frequency of repayments, such as monthly, quarterly, or annually, and any grace periods or penalties for late payments. 6. Security provisions: To secure the credit facilities, the Agreement may require Unilab Corp to provide collateral, such as assets or guarantees, or to meet certain financial covenants. These provisions help mitigate the lending institutions' risk while protecting Unilab Corp's interests. 7. Events of default: The Agreement clarifies the circumstances under which a default occurs, such as failure to make timely repayments, breach of covenants, or bankruptcy. It also outlines the remedies available to the lending institutions in such situations. 8. Governing law and jurisdiction: The Agreement may specify that it is governed by the laws of Wisconsin and that any disputes arising from the Agreement will be resolved within the state's jurisdiction. It is worth noting that while the above description provides a general overview of a Wisconsin Credit Agreement, the specific terms and conditions may vary between agreements. They are typically tailored to the needs of the borrower, the lending institutions involved, and the prevailing market conditions.