North Carolina 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 North Carolina 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 credit agreement between the parties involved. This credit agreement serves as an amendment and restatement of the original agreement, incorporating any changes, updates, or additions necessary to reflect the current financial arrangement. It is specific to the state of North Carolina and provides a comprehensive framework for the credit relationship between SBA Communications, Corp., and SBA Telecommunications, Inc., as borrowers, and the participating banks and financial institutions as lenders. The North Carolina Second Amended and Restated Credit Agreement safeguards the interests of all the parties involved, laying out obligations, rights, and responsibilities regarding the borrowing and lending arrangements. It typically covers various aspects, including loan facilities, interest rates, repayment terms, covenants, representations, warranties, events of default, and administrative procedures. In some cases, there may be different types or versions of the North Carolina Second Amended and Restated Credit Agreement, depending on the purpose or specific provisions agreed upon by the parties involved. These types may include: 1. Term Loan Agreement: This type of credit agreement establishes a fixed-term loan with a set repayment schedule and interest rate. It is commonly used for financing long-term projects or capital expenditures. 2. Revolving Credit Agreement: Unlike a term loan, a revolving credit agreement allows borrowers to access funds repeatedly up to a specific credit limit. It provides flexibility, as borrowers can withdraw and repay the funds as needed, subject to certain conditions. 3. Syndicated Credit Agreement: In situations where the borrowing requirements exceed the lending capacity of a single financial institution, a syndicated credit agreement is utilized. This type of agreement involves multiple banks or financial institutions, known as syndicate members, who jointly provide the credit facility. 4. Secured Credit Agreement: A secured credit agreement involves collateral provided by the borrower to secure the loan. This collateral could include assets like real estate, equipment, or financial securities. In case of default, the lender has the right to seize and sell the collateral to recover the outstanding amount. These are just a few examples of the different types of North Carolina Second Amended and Restated Credit Agreements that may exist among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. The specific terms and categorization may vary depending on the nature of the credit facility and the agreements reached between the parties.

The North Carolina 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 credit agreement between the parties involved. This credit agreement serves as an amendment and restatement of the original agreement, incorporating any changes, updates, or additions necessary to reflect the current financial arrangement. It is specific to the state of North Carolina and provides a comprehensive framework for the credit relationship between SBA Communications, Corp., and SBA Telecommunications, Inc., as borrowers, and the participating banks and financial institutions as lenders. The North Carolina Second Amended and Restated Credit Agreement safeguards the interests of all the parties involved, laying out obligations, rights, and responsibilities regarding the borrowing and lending arrangements. It typically covers various aspects, including loan facilities, interest rates, repayment terms, covenants, representations, warranties, events of default, and administrative procedures. In some cases, there may be different types or versions of the North Carolina Second Amended and Restated Credit Agreement, depending on the purpose or specific provisions agreed upon by the parties involved. These types may include: 1. Term Loan Agreement: This type of credit agreement establishes a fixed-term loan with a set repayment schedule and interest rate. It is commonly used for financing long-term projects or capital expenditures. 2. Revolving Credit Agreement: Unlike a term loan, a revolving credit agreement allows borrowers to access funds repeatedly up to a specific credit limit. It provides flexibility, as borrowers can withdraw and repay the funds as needed, subject to certain conditions. 3. Syndicated Credit Agreement: In situations where the borrowing requirements exceed the lending capacity of a single financial institution, a syndicated credit agreement is utilized. This type of agreement involves multiple banks or financial institutions, known as syndicate members, who jointly provide the credit facility. 4. Secured Credit Agreement: A secured credit agreement involves collateral provided by the borrower to secure the loan. This collateral could include assets like real estate, equipment, or financial securities. In case of default, the lender has the right to seize and sell the collateral to recover the outstanding amount. These are just a few examples of the different types of North Carolina Second Amended and Restated Credit Agreements that may exist among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. The specific terms and categorization may vary depending on the nature of the credit facility and the agreements reached between the parties.