California 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 California Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks, and Financial Institutions is a legally binding document that outlines the terms and conditions for a credit facility provided by multiple lenders to SBA Communications, Corp., and its subsidiary, SBA Telecommunications, Inc. This agreement serves as a crucial financial arrangement to support the operations and growth of the respective companies. The agreement includes various provisions relating to the borrowing terms, interest rates, repayment schedules, and collateral requirements. It also outlines the rights and obligations of both the lenders and the borrowing entities. The purpose of this credit facility is to provide SBA Communications, Corp., and SBA Telecommunications, Inc. with the necessary funding to pursue strategic initiatives, investments, acquisitions, and general corporate purposes. Under the umbrella of California Second Amended and Restated Credit Agreement, there can be various types of agreements, each tailored to the specific requirements of the borrowing entities involved. Some possible variations of this agreement may include: 1. Revolving Credit Agreement: This type of agreement allows SBA Communications, Corp., and SBA Telecommunications, Inc. to borrow funds up to a specified credit limit at any time. They can repay and borrow funds multiple times as long as they are within the agreed limit. 2. Term Loan Agreement: In this scenario, the lenders provide a specific amount of funds to the borrowing entities, which must be repaid over a predetermined period. This type of loan may have fixed interest rates and set repayment installments. 3. Syndicated Credit Agreement: A syndicated credit agreement involves multiple banks and financial institutions acting as lenders. They collectively provide the credit facility to SBA Communications, Corp., and SBA Telecommunications, Inc. Each lender's participation and share of the credit facility are clearly defined within this agreement. 4. Secured Credit Agreement: Under this agreement, specific assets and collateral belonging to SBA Communications, Corp., and SBA Telecommunications, Inc. are pledged as security to the lenders in case of default. This provides an added layer of protection for the lenders. It is important to note that the exact terms and types of California Second Amended and Restated Credit Agreement may vary based on the negotiations between the borrowing entities and the lenders involved. The agreement is typically prepared by legal professionals to ensure compliance with all relevant laws and regulations governing credit facilities.

The California Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks, and Financial Institutions is a legally binding document that outlines the terms and conditions for a credit facility provided by multiple lenders to SBA Communications, Corp., and its subsidiary, SBA Telecommunications, Inc. This agreement serves as a crucial financial arrangement to support the operations and growth of the respective companies. The agreement includes various provisions relating to the borrowing terms, interest rates, repayment schedules, and collateral requirements. It also outlines the rights and obligations of both the lenders and the borrowing entities. The purpose of this credit facility is to provide SBA Communications, Corp., and SBA Telecommunications, Inc. with the necessary funding to pursue strategic initiatives, investments, acquisitions, and general corporate purposes. Under the umbrella of California Second Amended and Restated Credit Agreement, there can be various types of agreements, each tailored to the specific requirements of the borrowing entities involved. Some possible variations of this agreement may include: 1. Revolving Credit Agreement: This type of agreement allows SBA Communications, Corp., and SBA Telecommunications, Inc. to borrow funds up to a specified credit limit at any time. They can repay and borrow funds multiple times as long as they are within the agreed limit. 2. Term Loan Agreement: In this scenario, the lenders provide a specific amount of funds to the borrowing entities, which must be repaid over a predetermined period. This type of loan may have fixed interest rates and set repayment installments. 3. Syndicated Credit Agreement: A syndicated credit agreement involves multiple banks and financial institutions acting as lenders. They collectively provide the credit facility to SBA Communications, Corp., and SBA Telecommunications, Inc. Each lender's participation and share of the credit facility are clearly defined within this agreement. 4. Secured Credit Agreement: Under this agreement, specific assets and collateral belonging to SBA Communications, Corp., and SBA Telecommunications, Inc. are pledged as security to the lenders in case of default. This provides an added layer of protection for the lenders. It is important to note that the exact terms and types of California Second Amended and Restated Credit Agreement may vary based on the negotiations between the borrowing entities and the lenders involved. The agreement is typically prepared by legal professionals to ensure compliance with all relevant laws and regulations governing credit facilities.