Loan Agreement between Laclede Gas Co., Mercantile Bank National Assoc., Bank of America and Credit Suisse First Boston
What is this form?
This Loan Agreement is a legally binding contract between Laclede Gas Co., Mercantile Bank National Association, Bank of America, and Credit Suisse First Boston. It outlines the terms under which the lenders provide a revolving credit facility to the borrower. This agreement specifies the rights and responsibilities of all parties, distinguishing it from other borrowing documents by its emphasis on a syndicate of banks providing a single loan facility.
Main sections of this form
- Identification of the parties involved, including the borrower and banks.
- Definitions of key terms relevant to the loan agreement.
- Details on the revolving credit commitments, including borrowing limits and interest rates.
- Conditions under which loans can be drawn, including required notices and repayment obligations.
- Events of default and remedies available to lenders in case of a breach.
Common use cases
This Loan Agreement should be used when a borrower seeks a revolving credit facility from multiple lenders, especially when they require a structured framework for loan draws, repayments, and terms of interest. It is ideal for corporate borrowers needing flexibility in their financing arrangements.
Intended users of this form
- Corporations or business entities requiring a line of credit.
- Banks and financial institutions involved in wholesale lending.
- Legal professionals facilitating corporate financing arrangements.
- Any party involved in structured finance who needs a clear set of terms and responsibilities.
Steps to complete this form
- Identify the parties involved and their roles (borrower and banks).
- Specify the total amount of the revolving credit facility agreed upon.
- Define the interest rates for both floating and LIBOR loans and any additional fees.
- Outline the procedures for borrowing, repayment, and defaults.
- Ensure that all parties sign and date the agreement to make it legally binding.
Does this document require notarization?
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to accurately define all parties involved in the agreement.
- Omitting critical financial terms, such as interest rates and borrowing limits.
- Not including specific provisions concerning default scenarios.
- Neglecting to have all parties sign and date the agreement properly.
Why complete this form online
- Convenience of filling out and downloading the form from anywhere.
- Access to customizable templates that conform to legal standards.
- Efficient process for obtaining necessary signatures and notarization, if needed.
