The Louisiana Second Amended and Restated Credit Agreement, among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions, is a legal document that outlines the terms and conditions of a loan or credit facility provided to SBA Communications and its subsidiary, SBA Telecommunications. This agreement is a crucial financial instrument as it governs the borrowing arrangements and obligations between SBA Communications and the lenders involved. It ensures transparency, clarity, and legal protection for all parties involved in the credit arrangement. Some key features of the Louisiana Second Amended and Restated Credit Agreement include: 1. Loan Amount: This agreement specifies the total amount of credit extended to SBA Communications and SBA Telecommunications by the banks and financial institutions involved. It outlines the borrowing limits, disbursement schedules, and any limitations or conditions related to the loan amount. 2. Interest Rates and Repayment Terms: The agreement outlines the interest rates applicable to the loan and the conditions for interest rate fluctuations, if any. It also details the repayment terms, including the frequency of repayments, maturity dates, and any additional fees or charges associated with the credit facility. 3. Collateral and Security: The agreement may require SBA Communications and SBA Telecommunications to provide collateral or security to the lenders to mitigate the risk associated with the loan. This can include assets such as real estate, equipment, or other valuable possessions that the borrowers pledge as security against the outstanding debt. 4. Covenants and Representations: The agreement lists the covenants, promises, and representations made by SBA Communications and SBA Telecommunications to the lenders. These covenants typically include restrictions on the borrowers' actions, financial reporting obligations, and other conditions that the borrowers must adhere to during the term of the credit facility. 5. Default and Remedies: In case of any breach of the agreement or default on loan repayments, the document outlines the rights and remedies available to the lenders. This section specifies the actions the lenders can take to recover their funds, such as accelerating the loan, foreclosure on collateral, or taking legal action. Different variations of the Louisiana Second Amended and Restated Credit Agreement may exist depending on specific terms, loan amounts, and repayment structures. The agreement may have undergone amendments or restatements to update or modify certain provisions based on changing circumstances or borrower's requirements over time. Therefore, it's essential to thoroughly review the specific terms of each agreement to understand its unique features and provisions. Consultation with legal and financial experts is also recommended ensuring a complete understanding of the implications and obligations of the Louisiana Second Amended and Restated Credit Agreement.
Louisiana Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions
Description
How to fill out Second Amended And Restated Credit Agreement Among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks And Financial Institutions?
Are you currently in the place that you will need files for sometimes organization or person purposes virtually every day? There are a variety of lawful document web templates available on the Internet, but locating types you can rely on isn`t easy. US Legal Forms provides 1000s of form web templates, like the Louisiana Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions, that happen to be composed to fulfill state and federal specifications.
In case you are previously familiar with US Legal Forms web site and possess a merchant account, just log in. After that, you are able to obtain the Louisiana Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions design.
If you do not have an bank account and want to start using US Legal Forms, adopt these measures:
- Obtain the form you will need and ensure it is for your appropriate metropolis/area.
- Make use of the Review button to check the form.
- See the explanation to actually have selected the proper form.
- In the event the form isn`t what you are looking for, utilize the Search industry to get the form that meets your needs and specifications.
- Once you discover the appropriate form, just click Get now.
- Pick the costs program you desire, submit the specified details to produce your bank account, and buy the order utilizing your PayPal or bank card.
- Decide on a practical paper format and obtain your copy.
Discover all the document web templates you may have purchased in the My Forms food list. You can aquire a more copy of Louisiana Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions whenever, if required. Just go through the needed form to obtain or printing the document design.
Use US Legal Forms, the most substantial assortment of lawful types, in order to save some time and avoid errors. The assistance provides expertly made lawful document web templates which can be used for an array of purposes. Produce a merchant account on US Legal Forms and initiate generating your daily life a little easier.
Form popularity
FAQ
A credit agreement amendment is a modification or deletion to an existing credit agreement between a borrower and capital provider. Credit agreement amendments are a type of contract amendment that are common in debt capital.
?Amended? means that the document has ?changed?? that someone has revised the document. ?Restated? means ?presented in its entirety?, ? as a single, complete document. ingly, ?amended and restated? means a complete document into which one or more changes have been incorporated.
An amended and restated credit agreement is a credit agreement where one or many changes have been applied and stated within the document. A credit agreement is a legal document that outlines the terms of a loan agreement and is made between a borrower and a lender.
Thus, an amended and restated document includes all past amendments executed up to the date of the amended and restated agreement. The purpose of the amended and restated agreement is to simplify reading of the document, as one does not need to read the original document side-by-side with all subsequent amendments.
Restatement Loan means an Additional Term Loan made under the Commitments issued pursuant to the Restatement Supplement.