Arkansas Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9414
• Format: Word; Rich Text

Description

Second Amended and Restated Credit Agreement among SBA Communications, Corporation, SBA Telecommunications, Inc., Several Banks and Other Financial Institutions or Entities, Lehman Brothers, Inc., General Electric Capital Corporation, Toronto Dominion, The Arkansas Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions is a legally binding document that outlines the terms and conditions of credit extended to the mentioned entities. This agreement sets forth the rights, obligations, and responsibilities of all parties involved in the credit arrangement. The primary purpose of this Second Amended and Restated Credit Agreement is to provide SBA Communications, Corp., and its subsidiary SBA Telecommunications, Inc., with access to a revolving credit facility. The credit facility allows them to borrow funds up to a specified limit to meet their working capital requirements, fund capital expenditure projects, refinance existing debt, or pursue potential acquisition opportunities. The lenders participating in this agreement are reputable banks and financial institutions, acting as capital providers. They assess the creditworthiness of SBA Communications, Corp., and SBA Telecommunications, Inc., and determine the terms under which the credit facility will be provided. These terms typically include interest rates, commitment fees, and repayment schedules. Under the terms of this agreement, various covenants and conditions are established in order to safeguard the interests of the lenders. These may include financial reporting requirements, limitations on additional debt and liens, and restrictions on mergers or acquisitions without lender consent. The purpose of these covenants is to ensure that the borrowers maintain sufficient financial stability and can meet their repayment obligations. Additionally, the agreement may grant the lenders certain collateral rights. Collateral, which can be in the form of assets owned by SBA Communications, Corp., or SBA Telecommunications, Inc., serves as security for the borrowed funds. If the borrowers default on their repayment obligations, the lenders may have the right to seize and liquidate the collateral, thereby recovering their investment. It is important to note that there may be different versions or types of the Arkansas Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. These variations may arise due to updates, amendments, or changes made to the original agreement over time. These modifications could be triggered by changing market conditions or specific needs of the borrowers or lenders. Therefore, it is crucial for the parties involved to carefully review the specific terms and provisions of the specific agreement they are executing.

The Arkansas Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions is a legally binding document that outlines the terms and conditions of credit extended to the mentioned entities. This agreement sets forth the rights, obligations, and responsibilities of all parties involved in the credit arrangement. The primary purpose of this Second Amended and Restated Credit Agreement is to provide SBA Communications, Corp., and its subsidiary SBA Telecommunications, Inc., with access to a revolving credit facility. The credit facility allows them to borrow funds up to a specified limit to meet their working capital requirements, fund capital expenditure projects, refinance existing debt, or pursue potential acquisition opportunities. The lenders participating in this agreement are reputable banks and financial institutions, acting as capital providers. They assess the creditworthiness of SBA Communications, Corp., and SBA Telecommunications, Inc., and determine the terms under which the credit facility will be provided. These terms typically include interest rates, commitment fees, and repayment schedules. Under the terms of this agreement, various covenants and conditions are established in order to safeguard the interests of the lenders. These may include financial reporting requirements, limitations on additional debt and liens, and restrictions on mergers or acquisitions without lender consent. The purpose of these covenants is to ensure that the borrowers maintain sufficient financial stability and can meet their repayment obligations. Additionally, the agreement may grant the lenders certain collateral rights. Collateral, which can be in the form of assets owned by SBA Communications, Corp., or SBA Telecommunications, Inc., serves as security for the borrowed funds. If the borrowers default on their repayment obligations, the lenders may have the right to seize and liquidate the collateral, thereby recovering their investment. It is important to note that there may be different versions or types of the Arkansas Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. These variations may arise due to updates, amendments, or changes made to the original agreement over time. These modifications could be triggered by changing market conditions or specific needs of the borrowers or lenders. Therefore, it is crucial for the parties involved to carefully review the specific terms and provisions of the specific agreement they are executing.