Kansas 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 Kansas Second Amended and Restated Credit Agreement refers to a legally binding agreement entered into by SBA Communications, Corp. (referred to as "SBA Communications"), SBA Telecommunications, Inc. (referred to as "SBA Telecommunications"), and several banks and financial institutions. This agreement sets forth the terms and conditions regarding the credit facilities extended to SBA Communications and SBA Telecommunications by the participating banks and financial institutions. The purpose of this agreement is to establish a framework for providing financial support and flexibility to SBA Communications and SBA Telecommunications in their business operations. It outlines the rights and obligations of all parties involved, ensuring a mutually beneficial relationship. The Kansas Second Amended and Restated Credit Agreement enables SBA Communications and SBA Telecommunications to access various types of credit facilities, including revolving credit facilities, term loans, and ancillary facilities. These facilities can be utilized for working capital purposes, general corporate expenses, capital expenditure financing, acquisitions, or other permitted purposes as outlined in the agreement. Key provisions of the Kansas Second Amended and Restated Credit Agreement may include interest rates, repayment obligations, financial covenants, representations and warranties, events of default, and the rights and remedies of the lenders in case of default. The agreement often establishes a borrowing base, which determines the maximum amount that can be borrowed based on eligible collateral. Additional types of credit facilities may be included in the agreement based on the specific requirements of SBA Communications and SBA Telecommunications. These may include specialized facilities such as term loan facilities, equipment financing facilities, or real estate financing facilities, among others. It is important to note that the terms and conditions of the Kansas Second Amended and Restated Credit Agreement may vary depending on the specific negotiation between SBA Communications, SBA Telecommunications, and the participating banks and financial institutions. The agreement is typically governed by the laws of the state of Kansas and may include other customary provisions commonly found in credit agreements. Overall, the Kansas Second Amended and Restated Credit Agreement is a crucial document that outlines the relationship and financial arrangements between SBA Communications, SBA Telecommunications, and the participating banks and financial institutions. It ensures access to needed capital and helps support the growth and operations of SBA Communications and SBA Telecommunications in compliance with the agreed-upon terms and conditions.

The Kansas Second Amended and Restated Credit Agreement refers to a legally binding agreement entered into by SBA Communications, Corp. (referred to as "SBA Communications"), SBA Telecommunications, Inc. (referred to as "SBA Telecommunications"), and several banks and financial institutions. This agreement sets forth the terms and conditions regarding the credit facilities extended to SBA Communications and SBA Telecommunications by the participating banks and financial institutions. The purpose of this agreement is to establish a framework for providing financial support and flexibility to SBA Communications and SBA Telecommunications in their business operations. It outlines the rights and obligations of all parties involved, ensuring a mutually beneficial relationship. The Kansas Second Amended and Restated Credit Agreement enables SBA Communications and SBA Telecommunications to access various types of credit facilities, including revolving credit facilities, term loans, and ancillary facilities. These facilities can be utilized for working capital purposes, general corporate expenses, capital expenditure financing, acquisitions, or other permitted purposes as outlined in the agreement. Key provisions of the Kansas Second Amended and Restated Credit Agreement may include interest rates, repayment obligations, financial covenants, representations and warranties, events of default, and the rights and remedies of the lenders in case of default. The agreement often establishes a borrowing base, which determines the maximum amount that can be borrowed based on eligible collateral. Additional types of credit facilities may be included in the agreement based on the specific requirements of SBA Communications and SBA Telecommunications. These may include specialized facilities such as term loan facilities, equipment financing facilities, or real estate financing facilities, among others. It is important to note that the terms and conditions of the Kansas Second Amended and Restated Credit Agreement may vary depending on the specific negotiation between SBA Communications, SBA Telecommunications, and the participating banks and financial institutions. The agreement is typically governed by the laws of the state of Kansas and may include other customary provisions commonly found in credit agreements. Overall, the Kansas Second Amended and Restated Credit Agreement is a crucial document that outlines the relationship and financial arrangements between SBA Communications, SBA Telecommunications, and the participating banks and financial institutions. It ensures access to needed capital and helps support the growth and operations of SBA Communications and SBA Telecommunications in compliance with the agreed-upon terms and conditions.