Call Agreement between Kelso and Company, LP, Unilab Corporation and Bankers Trust Company
About this form
The Capital Call Agreement between Kelso and Company, LP, Unilab Corporation, and Bankers Trust Company is a legal document designed to outline the obligations of parties involved in a capital call process. This agreement stipulates the terms under which Kelso, as the contributor, must provide funds to the Borrower (Unilab Corporation) upon certain financial conditions. This form is essential for ensuring compliance with a related Credit Agreement and differs from other financial agreements by specifically addressing capital contributions in response to financial obligations.
Key components of this form
- Defined terms, such as "Capital Call Amount" and "Capital Call Event".
- Obligations of Kelso to make contributions in specified scenarios.
- Conditions under which the agreement will terminate.
- Responsibilities of the Borrower regarding the application of received funds.
- Warranties and representations made by the parties involved.
When to use this document
This form should be utilized when a lending situation arises where additional capital is needed from investment partners. It is specifically useful for businesses under financial agreements requiring capital infusions based on leverage ratios or other specific financial metrics. It's applicable when a Capital Call Event occurs, indicating that the Borrower needs to fulfill obligations under the related Credit Agreement.
Who needs this form
- Investment firms or limited partnerships such as Kelso & Company, LP.
- Corporations like Unilab Corporation which may need additional funding.
- Lenders involved in the Credit Agreement, such as Bankers Trust Company.
How to complete this form
- Identify the parties involved: Kelso as the Contributor, Unilab as the Borrower, and Bankers Trust as the Administrative Agent.
- Specify the amount that each contributor agrees to provide as capital toward the capital call.
- Fill out the terms surrounding the timing and conditions of these contributions.
- Ensure all parties sign the agreement to validate its enforceability.
- Maintain a copy of the agreement for future reference regarding obligations and commitments.
Notarization guidance
This form does not typically require notarization unless specified by local law. Ensure you check local regulations that may impose such requirements based on your jurisdiction or specific circumstances.
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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 clearly define the Capital Call Event conditions.
- Not including all necessary signatures from the involved parties.
- Overlooking the specific obligations for fund application set in the Credit Agreement.
Benefits of completing this form online
- Convenience in accessing and downloading the form at any time.
- Editability to customize the agreement as per specific needs.
- Reliability of using attorney-drafted templates to ensure legal compliance.
Legal use & context
- This agreement is legally binding between all parties involved once executed.
- Enforcement depends on adherence to the terms stated within the form.
- In the event of default, the agreement provides mechanisms for recourse for lenders.
Summary of main points
- The Call Agreement facilitates structured capital contributions in a business context.
- Clear definitions and obligations help prevent misunderstandings among involved parties.
- It is essential for financial partners to understand the agreement before execution.
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FAQ
Unilab, a clinical-laboratory concern based in Tarzana, Calif., saw its shares finish in 4 p.m. Nasdaq Stock Market trading at $23, compared with its $16 offering price.Until a 1999 buyout by private-equity firm Kelso & Co., Unilab shares traded on the American Stock Exchange for more than a decade.
Unilab, meanwhile, set up RiteMed in 2002, to market and distribute generic medicines.Unilab, the oldest pharmaceutical company in the Philippines established in 1945, is now the top in the industry with a 20 to 25 percent market share.
Unilab, a clinical-laboratory concern based in Tarzana, Calif., saw its shares finish in 4 p.m. Nasdaq Stock Market trading at $23, compared with its $16 offering price.Until a 1999 buyout by private-equity firm Kelso & Co., Unilab shares traded on the American Stock Exchange for more than a decade.
Merger AnnouncementQuest Diagnostics and Unilab announced the merger on April 2. Quest Diagnostics will pay for Unilab shares using a combination of stock and cash.
Allergy Care. Body & Muscle Pain. Cough & Colds. Children's Health. Gut and Stomach Care. Headache, Fever & Flu. Healthy Aging. Prescription Drugs.
Quest Software was acquired by Dell in 2012, for $2.36 billion, to form Dell Software. In June 2016, Dell announced the sale of their software division, which included the Quest, SonicWall, and One Identity businesses, to Francisco Partners and Elliott Management Corporation.
In an industry dominated mainly by Western multinationals which today account for 70 percent of the Philippine market Unilab became the biggest pharmaceutical manufacturer and the only Filipino-owned firm landing consistently among the industry's Top Ten.
If you are a patience and have a problem you can call the Quest customer service number at 1-866-MYQUEST (866-697-8378) and select option 2. Quest Diagnostics is a world leader in supporting clinical trials of new pharmaceuticals and companion diagnostics.