Florida 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 Florida 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 to SBA Communications, Corp. and its subsidiary, SBA Telecommunications, Inc., by multiple banks and financial institutions. This agreement serves as a framework for the borrowing arrangement and governs the relationship between the parties involved. The credit agreement typically covers various aspects, including: 1. Parties involved: This agreement involves SBA Communications, Corp., a leading independent owner and operator of wireless communications' infrastructure, and its subsidiary SBA Telecommunications, Inc. These entities serve as the borrowers and are collectively referred to as the "Borrowers" in the agreement. The lenders, comprising a consortium of banks and financial institutions, provide the credit facility to the Borrowers. 2. Purpose of the credit facility: The credit facility is designed to meet the financing needs of the Borrowers, supporting their ongoing operations, growth initiatives, investments, acquisitions, and other corporate purposes. 3. Loan amount and terms: The agreement specifies the maximum loan amount available to the Borrowers, the interest rates applicable to the borrowed funds, maturity dates, repayment schedule, and any other financial terms agreed upon by all parties. 4. Security and collateral: The agreement often requires the Borrowers to provide collateral or security for the loan, which may include assets such as real estate, equipment, or accounts receivable. These assets safeguard the lenders' interests in case of default or non-payment. 5. Covenants and obligations: The agreement imposes certain covenants and obligations on the Borrowers, ensuring their compliance with certain financial, operating, reporting, and other relevant requirements. These may include maintaining financial ratios, submitting audited financial statements, providing regular progress reports, and restricting certain activities to protect the lenders' interests. 6. Representations and warranties: The agreement requires the Borrowers to make certain representations and warranties regarding their corporate status, financial condition, compliance with laws, and absence of any material adverse events. These representations and warranties provide the lenders with assurance regarding the Borrowers' ability to fulfill their obligations. 7. Default and remedies: The agreement outlines the conditions that constitute default and identifies the actions the lenders can take in such situations. These may include accelerating the loan, demanding immediate repayment, or exercising their rights over the collateral. It is important to note that the specific terms and content of the Florida Second Amended and Restated Credit Agreement may vary based on the negotiated terms between the parties involved. Additionally, while no different types of this agreement were mentioned, it is possible for variations or amendments to be made to the agreement, subject to the mutual consent of all parties and in compliance with applicable laws and regulations.

The Florida 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 to SBA Communications, Corp. and its subsidiary, SBA Telecommunications, Inc., by multiple banks and financial institutions. This agreement serves as a framework for the borrowing arrangement and governs the relationship between the parties involved. The credit agreement typically covers various aspects, including: 1. Parties involved: This agreement involves SBA Communications, Corp., a leading independent owner and operator of wireless communications' infrastructure, and its subsidiary SBA Telecommunications, Inc. These entities serve as the borrowers and are collectively referred to as the "Borrowers" in the agreement. The lenders, comprising a consortium of banks and financial institutions, provide the credit facility to the Borrowers. 2. Purpose of the credit facility: The credit facility is designed to meet the financing needs of the Borrowers, supporting their ongoing operations, growth initiatives, investments, acquisitions, and other corporate purposes. 3. Loan amount and terms: The agreement specifies the maximum loan amount available to the Borrowers, the interest rates applicable to the borrowed funds, maturity dates, repayment schedule, and any other financial terms agreed upon by all parties. 4. Security and collateral: The agreement often requires the Borrowers to provide collateral or security for the loan, which may include assets such as real estate, equipment, or accounts receivable. These assets safeguard the lenders' interests in case of default or non-payment. 5. Covenants and obligations: The agreement imposes certain covenants and obligations on the Borrowers, ensuring their compliance with certain financial, operating, reporting, and other relevant requirements. These may include maintaining financial ratios, submitting audited financial statements, providing regular progress reports, and restricting certain activities to protect the lenders' interests. 6. Representations and warranties: The agreement requires the Borrowers to make certain representations and warranties regarding their corporate status, financial condition, compliance with laws, and absence of any material adverse events. These representations and warranties provide the lenders with assurance regarding the Borrowers' ability to fulfill their obligations. 7. Default and remedies: The agreement outlines the conditions that constitute default and identifies the actions the lenders can take in such situations. These may include accelerating the loan, demanding immediate repayment, or exercising their rights over the collateral. It is important to note that the specific terms and content of the Florida Second Amended and Restated Credit Agreement may vary based on the negotiated terms between the parties involved. Additionally, while no different types of this agreement were mentioned, it is possible for variations or amendments to be made to the agreement, subject to the mutual consent of all parties and in compliance with applicable laws and regulations.