Nebraska 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 Nebraska 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 details of a credit agreement between these parties. This agreement governs the terms and conditions under which the banks and financial institutions provide credit and financial support to SBA Communications, Corp., and SBA Telecommunications, Inc. Key terms and relevant information related to this credit agreement include: 1. Parties: The agreement involves SBA Communications, Corp., a leading independent owner and operator of wireless communications' infrastructure, and its subsidiary SBA Telecommunications, Inc. Additionally, it involves several banks and financial institutions that play a role in extending credit or providing financial services. 2. Purpose: The credit agreement aims to establish the terms and conditions for providing credit facilities, loans, and financial services to support the operations, acquisitions, capital expenditures, and general corporate purposes of SBA Communications, Corp., and SBA Telecommunications, Inc. 3. Amendment and Restatement: The Second Amended and Restated Credit Agreement signifies that this agreement has been modified and revised multiple times, highlighting that it serves as an updated version of a previously existing credit agreement. The amendments and restatements reflect changes in terms, conditions, and loan amounts based on the evolving needs of the parties involved. 4. Various Types: The credit agreement may encompass different types of credit facilities, including revolving credit facilities, term loan facilities, or a combination of both. Each type of facility has specific terms, such as interest rates, maturity dates, and repayment schedules, tailored to meet the financing needs of the businesses involved. 5. Collateral and Guarantees: Typically, credit agreements involve collateral to secure the loans extended. It may include the borrower's assets such as real estate, equipment, and intellectual property rights. Guarantees may also be provided by SBA Communications, Corp., and SBA Telecommunications, Inc., to ensure repayment of the credit facilities. 6. Covenants and Conditions: The agreement may define certain covenants that SBA Communications, Corp., and SBA Telecommunications, Inc., must adhere to, ensuring their financial stability and creditworthiness. This may include maintaining certain financial ratios, providing regular financial statements, and obtaining lender consent for certain corporate actions. 7. Events of Default and Remedies: The agreement typically outlines events that, if they occur, may be considered defaults by the borrower. These may include failure to make timely payments, violation of covenants, or bankruptcy proceedings. The credit agreement will also detail the remedies available to the lenders in case of default, such as acceleration of repayment or enforcement of security interests. 8. Governing Law and Jurisdiction: The agreement specifies the jurisdiction whose laws will govern the interpretation and enforcement of its terms. It may include provisions for dispute resolution and any required arbitration proceedings. Overall, the Nebraska Second Amended and Restated Credit Agreement is a comprehensive legal document that establishes the framework for financial support between SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions. The precise terms and conditions may vary depending on the specific loan or credit facility being extended within this agreement.

The Nebraska 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 details of a credit agreement between these parties. This agreement governs the terms and conditions under which the banks and financial institutions provide credit and financial support to SBA Communications, Corp., and SBA Telecommunications, Inc. Key terms and relevant information related to this credit agreement include: 1. Parties: The agreement involves SBA Communications, Corp., a leading independent owner and operator of wireless communications' infrastructure, and its subsidiary SBA Telecommunications, Inc. Additionally, it involves several banks and financial institutions that play a role in extending credit or providing financial services. 2. Purpose: The credit agreement aims to establish the terms and conditions for providing credit facilities, loans, and financial services to support the operations, acquisitions, capital expenditures, and general corporate purposes of SBA Communications, Corp., and SBA Telecommunications, Inc. 3. Amendment and Restatement: The Second Amended and Restated Credit Agreement signifies that this agreement has been modified and revised multiple times, highlighting that it serves as an updated version of a previously existing credit agreement. The amendments and restatements reflect changes in terms, conditions, and loan amounts based on the evolving needs of the parties involved. 4. Various Types: The credit agreement may encompass different types of credit facilities, including revolving credit facilities, term loan facilities, or a combination of both. Each type of facility has specific terms, such as interest rates, maturity dates, and repayment schedules, tailored to meet the financing needs of the businesses involved. 5. Collateral and Guarantees: Typically, credit agreements involve collateral to secure the loans extended. It may include the borrower's assets such as real estate, equipment, and intellectual property rights. Guarantees may also be provided by SBA Communications, Corp., and SBA Telecommunications, Inc., to ensure repayment of the credit facilities. 6. Covenants and Conditions: The agreement may define certain covenants that SBA Communications, Corp., and SBA Telecommunications, Inc., must adhere to, ensuring their financial stability and creditworthiness. This may include maintaining certain financial ratios, providing regular financial statements, and obtaining lender consent for certain corporate actions. 7. Events of Default and Remedies: The agreement typically outlines events that, if they occur, may be considered defaults by the borrower. These may include failure to make timely payments, violation of covenants, or bankruptcy proceedings. The credit agreement will also detail the remedies available to the lenders in case of default, such as acceleration of repayment or enforcement of security interests. 8. Governing Law and Jurisdiction: The agreement specifies the jurisdiction whose laws will govern the interpretation and enforcement of its terms. It may include provisions for dispute resolution and any required arbitration proceedings. Overall, the Nebraska Second Amended and Restated Credit Agreement is a comprehensive legal document that establishes the framework for financial support between SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions. The precise terms and conditions may vary depending on the specific loan or credit facility being extended within this agreement.