Arizona 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 Arizona Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions is an important legal document that outlines the terms and conditions of credit agreements between the mentioned parties. This agreement is specifically related to SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions in Arizona. The purpose of this credit agreement is to establish the terms and conditions under which SBA Communications, Corp. and SBA Telecommunications, Inc. can obtain credit facilities from the participating banks and financial institutions. It provides a framework for the borrowing, repayment, interest rates, fees, and other relevant aspects of the credit facilities. These credit facilities allow SBA Communications, Corp. and SBA Telecommunications, Inc. to fund their operations, investments, and various business activities. The agreement ensures that all parties involved are protected and have a clear understanding of their rights and responsibilities. The Arizona Second Amended and Restated Credit Agreement may have different types, each catering to specific financial needs or circumstances. These types may include: 1. Revolving Credit Facility: This type of credit agreement allows SBA Communications, Corp. and SBA Telecommunications, Inc. to borrow funds up to a specified limit, repay the borrowed amount, and borrow again as needed within the agreed-upon period. 2. Term Loan Facility: This type of credit facility provides SBA Communications, Corp. and SBA Telecommunications, Inc. with a lump sum amount that needs to be repaid over a predetermined period, usually in installments. It has a fixed interest rate and a specific maturity date. 3. Standby Letter of Credit Facility: This type of credit facility guarantees payment to a beneficiary in case SBA Communications, Corp. and SBA Telecommunications, Inc. fail to fulfill their financial obligations. It acts as a contingency plan and provides reassurance to the beneficiary. 4. Financial Covenant Agreement: This type of credit agreement includes specific financial ratios or metrics that SBA Communications, Corp. and SBA Telecommunications, Inc. need to maintain. These ratios safeguard the lenders' interests and ensure the financial health and stability of the borrowing companies. Overall, the Arizona Second Amended and Restated Credit Agreement plays a vital role in facilitating financial transactions and supporting the growth and operations of SBA Communications, Corp. and SBA Telecommunications, Inc. It protects the interests of all parties involved and establishes a framework for a transparent and mutually beneficial credit relationship.

The Arizona Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions is an important legal document that outlines the terms and conditions of credit agreements between the mentioned parties. This agreement is specifically related to SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions in Arizona. The purpose of this credit agreement is to establish the terms and conditions under which SBA Communications, Corp. and SBA Telecommunications, Inc. can obtain credit facilities from the participating banks and financial institutions. It provides a framework for the borrowing, repayment, interest rates, fees, and other relevant aspects of the credit facilities. These credit facilities allow SBA Communications, Corp. and SBA Telecommunications, Inc. to fund their operations, investments, and various business activities. The agreement ensures that all parties involved are protected and have a clear understanding of their rights and responsibilities. The Arizona Second Amended and Restated Credit Agreement may have different types, each catering to specific financial needs or circumstances. These types may include: 1. Revolving Credit Facility: This type of credit agreement allows SBA Communications, Corp. and SBA Telecommunications, Inc. to borrow funds up to a specified limit, repay the borrowed amount, and borrow again as needed within the agreed-upon period. 2. Term Loan Facility: This type of credit facility provides SBA Communications, Corp. and SBA Telecommunications, Inc. with a lump sum amount that needs to be repaid over a predetermined period, usually in installments. It has a fixed interest rate and a specific maturity date. 3. Standby Letter of Credit Facility: This type of credit facility guarantees payment to a beneficiary in case SBA Communications, Corp. and SBA Telecommunications, Inc. fail to fulfill their financial obligations. It acts as a contingency plan and provides reassurance to the beneficiary. 4. Financial Covenant Agreement: This type of credit agreement includes specific financial ratios or metrics that SBA Communications, Corp. and SBA Telecommunications, Inc. need to maintain. These ratios safeguard the lenders' interests and ensure the financial health and stability of the borrowing companies. Overall, the Arizona Second Amended and Restated Credit Agreement plays a vital role in facilitating financial transactions and supporting the growth and operations of SBA Communications, Corp. and SBA Telecommunications, Inc. It protects the interests of all parties involved and establishes a framework for a transparent and mutually beneficial credit relationship.