Hawaii 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 Hawaii Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and Several Banks and Financial Institutions is a comprehensive financial agreement that outlines the terms and conditions for credit facilities provided by the banks and institutions to support SBA Communications and SBA Telecommunications in their business operations and growth strategies. This credit agreement is an updated and revised version of a previous agreement, reflecting any changes and amendments made to better suit the evolving needs of all parties involved. It serves as a legally binding contract, ensuring that all parties understand their respective roles, responsibilities, and obligations. Key elements addressed in the Hawaii Second Amended and Restated Credit Agreement include but are not limited to: 1. Credit Facilities: The agreement outlines the different types of credit facilities extended by the banks and financial institutions to SBA Communications and SBA Telecommunications. These facilities may include revolving credit lines, term loans, letter of credit facilities, and other forms of financing deemed necessary. 2. Purpose of Credit: The agreement specifies the purpose for which the credit will be utilized, such as funding capital expenditures, acquisitions, refinancing existing debt, working capital, or general corporate purposes. 3. Loan Amounts and Terms: The agreement defines the maximum loan amounts available, the interest rates, repayment terms, and any other financial considerations. It may also include provisions for collateral or guarantees to secure the loans. 4. Representations and Warranties: Both SBA Communications, Corp., and SBA Telecommunications, Inc. are required to make certain representations and warranties regarding their legal status, financials, compliance with laws and regulations, and the accuracy of provided information. 5. Covenants: The agreement outlines certain affirmative and negative covenants that SBA Communications and SBA Telecommunications must comply with during the term of the loan. These covenants may include financial reporting requirements, restrictions on additional debt, limitations on investments or acquisitions, and maintenance of certain financial ratios. 6. Events of Default: The agreement specifies the events or conditions that may trigger a default under the credit facility. This can include non-payment, violation of covenants, bankruptcy, or a change in control of the companies. It's important to note that multiple versions or iterations of the Hawaii Second Amended and Restated Credit Agreement may exist, as amendments and changes occur over time. For example, there could be a "Hawaii Second Amended and Restated Credit Agreement, Version 2," reflecting subsequent modifications to the original agreement. This agreement serves as a crucial framework for the ongoing financial relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks or financial institutions. Its detailed provisions create a transparent and mutually beneficial arrangement that supports the companies' business goals while mitigating financial risks for all involved parties.

The Hawaii Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and Several Banks and Financial Institutions is a comprehensive financial agreement that outlines the terms and conditions for credit facilities provided by the banks and institutions to support SBA Communications and SBA Telecommunications in their business operations and growth strategies. This credit agreement is an updated and revised version of a previous agreement, reflecting any changes and amendments made to better suit the evolving needs of all parties involved. It serves as a legally binding contract, ensuring that all parties understand their respective roles, responsibilities, and obligations. Key elements addressed in the Hawaii Second Amended and Restated Credit Agreement include but are not limited to: 1. Credit Facilities: The agreement outlines the different types of credit facilities extended by the banks and financial institutions to SBA Communications and SBA Telecommunications. These facilities may include revolving credit lines, term loans, letter of credit facilities, and other forms of financing deemed necessary. 2. Purpose of Credit: The agreement specifies the purpose for which the credit will be utilized, such as funding capital expenditures, acquisitions, refinancing existing debt, working capital, or general corporate purposes. 3. Loan Amounts and Terms: The agreement defines the maximum loan amounts available, the interest rates, repayment terms, and any other financial considerations. It may also include provisions for collateral or guarantees to secure the loans. 4. Representations and Warranties: Both SBA Communications, Corp., and SBA Telecommunications, Inc. are required to make certain representations and warranties regarding their legal status, financials, compliance with laws and regulations, and the accuracy of provided information. 5. Covenants: The agreement outlines certain affirmative and negative covenants that SBA Communications and SBA Telecommunications must comply with during the term of the loan. These covenants may include financial reporting requirements, restrictions on additional debt, limitations on investments or acquisitions, and maintenance of certain financial ratios. 6. Events of Default: The agreement specifies the events or conditions that may trigger a default under the credit facility. This can include non-payment, violation of covenants, bankruptcy, or a change in control of the companies. It's important to note that multiple versions or iterations of the Hawaii Second Amended and Restated Credit Agreement may exist, as amendments and changes occur over time. For example, there could be a "Hawaii Second Amended and Restated Credit Agreement, Version 2," reflecting subsequent modifications to the original agreement. This agreement serves as a crucial framework for the ongoing financial relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks or financial institutions. Its detailed provisions create a transparent and mutually beneficial arrangement that supports the companies' business goals while mitigating financial risks for all involved parties.