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 Guam Second Amended and Restated Credit Agreement is a significant legal contract that encompasses various entities, including SBA Communications, Corp., SBA Telecommunications, Inc., several banks, and financial institutions. This credit agreement serves as a comprehensive document outlining the terms and conditions for a specified credit facility. This credit agreement typically contains various essential provisions, including the borrowing limit, interest rates, repayment terms, covenants, and conditions precedent. Through this agreement, SBA Communications, Corp., and SBA Telecommunications, Inc. aim to secure financial support from the participating banks and financial institutions to fund their operations, projects, or various growth initiatives. Some crucial components addressed within the Guam Second Amended and Restated Credit Agreement may include: 1. Borrowing Limit: Defines the maximum amount that SBA Communications, Corp., and SBA Telecommunications, Inc. can borrow or use from the credit facility provided by the banks and financial institutions. This limit is determined based on the financial strength and creditworthiness of the participating companies. 2. Interest Rates: Specifies the interest rates at which the borrowed funds will accrue. These rates are typically fixed or variable and may fluctuate over time based on market conditions or specific factors outlined within the agreement. 3. Repayment Terms: Outlines the agreed-upon repayment schedule, including the timing, frequency, and manner in which SBA Communications, Corp., and SBA Telecommunications, Inc. will repay the borrowed funds. This section may also outline any prepayment options or penalties associated with early repayments. 4. Covenants: Defines the additional obligations or restrictions that SBA Communications, Corp., and SBA Telecommunications, Inc. must adhere to during the term of the credit agreement. These covenants may include financial reporting requirements, limitations on additional debt, or restrictions on certain business activities. 5. Conditions Precedent: Highlights the specific conditions or events that must occur before the credit facility becomes available. These conditions typically include the completion of satisfactory due diligence, legal documentation, and any required regulatory approvals. It is important to note that the term "Guam Second Amended and Restated Credit Agreement" refers to a specific agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions. While there may be different iterations or amendments to this agreement, each version serves to modify or update the terms and conditions to reflect the evolving needs of the parties involved. In summary, the Guam Second Amended and Restated Credit Agreement is a comprehensive legal contract that governs the credit facility provided by banks and financial institutions to SBA Communications, Corp., and SBA Telecommunications, Inc. This agreement outlines borrowing limits, interest rates, repayment terms, covenants, and conditions precedent, to ensure a transparent and mutually beneficial relationship between the parties involved.
The Guam Second Amended and Restated Credit Agreement is a significant legal contract that encompasses various entities, including SBA Communications, Corp., SBA Telecommunications, Inc., several banks, and financial institutions. This credit agreement serves as a comprehensive document outlining the terms and conditions for a specified credit facility. This credit agreement typically contains various essential provisions, including the borrowing limit, interest rates, repayment terms, covenants, and conditions precedent. Through this agreement, SBA Communications, Corp., and SBA Telecommunications, Inc. aim to secure financial support from the participating banks and financial institutions to fund their operations, projects, or various growth initiatives. Some crucial components addressed within the Guam Second Amended and Restated Credit Agreement may include: 1. Borrowing Limit: Defines the maximum amount that SBA Communications, Corp., and SBA Telecommunications, Inc. can borrow or use from the credit facility provided by the banks and financial institutions. This limit is determined based on the financial strength and creditworthiness of the participating companies. 2. Interest Rates: Specifies the interest rates at which the borrowed funds will accrue. These rates are typically fixed or variable and may fluctuate over time based on market conditions or specific factors outlined within the agreement. 3. Repayment Terms: Outlines the agreed-upon repayment schedule, including the timing, frequency, and manner in which SBA Communications, Corp., and SBA Telecommunications, Inc. will repay the borrowed funds. This section may also outline any prepayment options or penalties associated with early repayments. 4. Covenants: Defines the additional obligations or restrictions that SBA Communications, Corp., and SBA Telecommunications, Inc. must adhere to during the term of the credit agreement. These covenants may include financial reporting requirements, limitations on additional debt, or restrictions on certain business activities. 5. Conditions Precedent: Highlights the specific conditions or events that must occur before the credit facility becomes available. These conditions typically include the completion of satisfactory due diligence, legal documentation, and any required regulatory approvals. It is important to note that the term "Guam Second Amended and Restated Credit Agreement" refers to a specific agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions. While there may be different iterations or amendments to this agreement, each version serves to modify or update the terms and conditions to reflect the evolving needs of the parties involved. In summary, the Guam Second Amended and Restated Credit Agreement is a comprehensive legal contract that governs the credit facility provided by banks and financial institutions to SBA Communications, Corp., and SBA Telecommunications, Inc. This agreement outlines borrowing limits, interest rates, repayment terms, covenants, and conditions precedent, to ensure a transparent and mutually beneficial relationship between the parties involved.