Minnesota 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 Minnesota Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions is a legal document that outlines the terms and conditions of a credit agreement between SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions based in Minnesota. This agreement serves as an extension or modification of a previous credit agreement and includes amendments and restatements to better reflect the parties' current intentions and arrangements. It provides a comprehensive understanding of the financial relationship between the parties involved and aims to protect the interests of all stakeholders. Key provisions of the Minnesota Second Amended and Restated Credit Agreement may include: 1. Loan Facility: The agreement may specify the total loan amount available to SBA Communications, Corp. and SBA Telecommunications, Inc. from the participating banks and financial institutions. It outlines the purpose for which the funds may be used, such as capital expenditures, acquisitions, or debt refinancing. 2. Interest Rate and Repayment Terms: The agreement establishes the interest rates applicable to the borrowed funds, which could be fixed or variable. It also defines the repayment schedule, including installment amounts, due dates, and any applicable balloon payments. 3. Conditions Precedent: This section outlines the conditions that must be met by the borrower before accessing the credit facility. It may include the provision of audited financial statements, compliance with certain financial ratios, warranties, and certifications. 4. Representations and Warranties: Both SBA Communications, Corp. and SBA Telecommunications, Inc. are expected to make certain representations and warranties regarding their financial status, legal capacity, and compliance with laws and regulations. These statements assure the lenders of the borrower's financial stability and ability to fulfill obligations. 5. Covenants: The agreement may contain covenants that set forth restrictions and obligations that the borrower must adhere to throughout the term of the credit facility. This could include maintaining a certain level of working capital, limitations on additional indebtedness, and restrictions on the disposition of assets. 6. Events of Default: This section outlines the circumstances under which the lenders have the right to declare a default, such as non-payment, violation of covenants, or material adverse change in the borrower's financial condition. It also specifies the remedies available to the lenders, such as acceleration of repayment or the imposition of penalties. It's important to note that there could be variations or different types of Minnesota Second Amended and Restated Credit Agreements among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. These variations may arise due to individual negotiation of terms, specific lending requirements, or changes in financial circumstances over time. Each agreement could have unique provisions and terms tailored to the needs and preferences of the parties involved.

The Minnesota Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions is a legal document that outlines the terms and conditions of a credit agreement between SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions based in Minnesota. This agreement serves as an extension or modification of a previous credit agreement and includes amendments and restatements to better reflect the parties' current intentions and arrangements. It provides a comprehensive understanding of the financial relationship between the parties involved and aims to protect the interests of all stakeholders. Key provisions of the Minnesota Second Amended and Restated Credit Agreement may include: 1. Loan Facility: The agreement may specify the total loan amount available to SBA Communications, Corp. and SBA Telecommunications, Inc. from the participating banks and financial institutions. It outlines the purpose for which the funds may be used, such as capital expenditures, acquisitions, or debt refinancing. 2. Interest Rate and Repayment Terms: The agreement establishes the interest rates applicable to the borrowed funds, which could be fixed or variable. It also defines the repayment schedule, including installment amounts, due dates, and any applicable balloon payments. 3. Conditions Precedent: This section outlines the conditions that must be met by the borrower before accessing the credit facility. It may include the provision of audited financial statements, compliance with certain financial ratios, warranties, and certifications. 4. Representations and Warranties: Both SBA Communications, Corp. and SBA Telecommunications, Inc. are expected to make certain representations and warranties regarding their financial status, legal capacity, and compliance with laws and regulations. These statements assure the lenders of the borrower's financial stability and ability to fulfill obligations. 5. Covenants: The agreement may contain covenants that set forth restrictions and obligations that the borrower must adhere to throughout the term of the credit facility. This could include maintaining a certain level of working capital, limitations on additional indebtedness, and restrictions on the disposition of assets. 6. Events of Default: This section outlines the circumstances under which the lenders have the right to declare a default, such as non-payment, violation of covenants, or material adverse change in the borrower's financial condition. It also specifies the remedies available to the lenders, such as acceleration of repayment or the imposition of penalties. It's important to note that there could be variations or different types of Minnesota Second Amended and Restated Credit Agreements among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. These variations may arise due to individual negotiation of terms, specific lending requirements, or changes in financial circumstances over time. Each agreement could have unique provisions and terms tailored to the needs and preferences of the parties involved.