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,
New Hampshire Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit agreement between SBA Communications, Corp., SBA Telecommunications, Inc., and multiple banks and financial institutions in the state of New Hampshire. This agreement is designed to govern the credit relationship and set forth the obligations and rights of all parties involved. This credit agreement serves as an essential tool for SBA Communications, Corp. and SBA Telecommunications, Inc. to manage their financial operations, obtain necessary funding, and facilitate smooth business operations. Some key elements covered in the New Hampshire Second Amended and Restated Credit Agreement include: 1. Parties: The agreement identifies the participating parties, primarily SBA Communications, Corp., SBA Telecommunications, Inc., and the banks or financial institutions providing credit facilities. 2. Definitions: The agreement includes a section that defines various terms used throughout the document to ensure clarity and proper interpretation. 3. Loan facilities and terms: This section outlines the specific types of credit facilities extended by the banks and financial institutions to SBA Communications, Corp. and SBA Telecommunications, Inc. This may include term loans, revolving credit facilities, letters of credit, or other financing instruments. The terms regarding interest rate, repayment schedules, and collateral requirements are also outlined. 4. Covenants and representations: The agreement may contain covenants that outline the terms and conditions regarding financial reporting requirements, restrictions on additional debt or investments, maintenance of certain financial ratios, and compliance with applicable laws and regulations. Additionally, representations and warranties by SBA Communications, Corp. and SBA Telecommunications, Inc. are typically included to ensure their financial stability and adherence to legal obligations. 5. Events of default and remedies: This section highlights the events that may constitute a default under the agreement, such as non-payment, breach of covenants, or bankruptcy. The agreement also outlines the remedies available to the banks and financial institutions in case of a default, which may include acceleration of the loan, imposition of penalties, or foreclosure of collateral. 6. Amendment and waiver provisions: The agreement may provide mechanisms for amending or waiving certain provisions, allowing for flexibility in the future as business circumstances change. Note: While the specifics may vary depending on the unique terms negotiated between the involved parties, the general structure and contents described above are typically found in a New Hampshire Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and participating banks and financial institutions. In conclusion, the New Hampshire Second Amended and Restated Credit Agreement is a crucial document that governs the financial relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. It provides a comprehensive framework for managing credit facilities, ensuring compliance with financial obligations, and protecting the interests of all parties involved.
New Hampshire Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit agreement between SBA Communications, Corp., SBA Telecommunications, Inc., and multiple banks and financial institutions in the state of New Hampshire. This agreement is designed to govern the credit relationship and set forth the obligations and rights of all parties involved. This credit agreement serves as an essential tool for SBA Communications, Corp. and SBA Telecommunications, Inc. to manage their financial operations, obtain necessary funding, and facilitate smooth business operations. Some key elements covered in the New Hampshire Second Amended and Restated Credit Agreement include: 1. Parties: The agreement identifies the participating parties, primarily SBA Communications, Corp., SBA Telecommunications, Inc., and the banks or financial institutions providing credit facilities. 2. Definitions: The agreement includes a section that defines various terms used throughout the document to ensure clarity and proper interpretation. 3. Loan facilities and terms: This section outlines the specific types of credit facilities extended by the banks and financial institutions to SBA Communications, Corp. and SBA Telecommunications, Inc. This may include term loans, revolving credit facilities, letters of credit, or other financing instruments. The terms regarding interest rate, repayment schedules, and collateral requirements are also outlined. 4. Covenants and representations: The agreement may contain covenants that outline the terms and conditions regarding financial reporting requirements, restrictions on additional debt or investments, maintenance of certain financial ratios, and compliance with applicable laws and regulations. Additionally, representations and warranties by SBA Communications, Corp. and SBA Telecommunications, Inc. are typically included to ensure their financial stability and adherence to legal obligations. 5. Events of default and remedies: This section highlights the events that may constitute a default under the agreement, such as non-payment, breach of covenants, or bankruptcy. The agreement also outlines the remedies available to the banks and financial institutions in case of a default, which may include acceleration of the loan, imposition of penalties, or foreclosure of collateral. 6. Amendment and waiver provisions: The agreement may provide mechanisms for amending or waiving certain provisions, allowing for flexibility in the future as business circumstances change. Note: While the specifics may vary depending on the unique terms negotiated between the involved parties, the general structure and contents described above are typically found in a New Hampshire Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and participating banks and financial institutions. In conclusion, the New Hampshire Second Amended and Restated Credit Agreement is a crucial document that governs the financial relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. It provides a comprehensive framework for managing credit facilities, ensuring compliance with financial obligations, and protecting the interests of all parties involved.