New Jersey 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 New Jersey Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., several banks, and financial institutions is a legally binding document that outlines the terms and conditions of a credit agreement between the mentioned parties. This agreement typically includes provisions related to borrowing limits, interest rates, repayment terms, collateral, covenants, and other financial and non-financial obligations. The purpose of this agreement is to establish a framework for the lending relationship and ensure transparency and clarity in the financial transactions between the parties involved. The New Jersey Second Amended and Restated Credit Agreement may contain multiple variations or types, depending on the specific requirements and circumstances of the parties involved. Some possible types or variations could include: 1. Term Loan Agreement: This type of agreement focuses on long-term borrowing, typically with a fixed repayment schedule over a specified period. It may involve a single or multiple tranches of borrowing. 2. Revolving Credit Agreement: This type of agreement establishes a line of credit that can be drawn upon by the borrower as needed, up to a predetermined limit. The borrower can repay and redraw funds within the agreed terms. 3. Syndicated Credit Agreement: In certain cases, multiple lenders or financial institutions may be involved in providing the credit facility. A syndicated credit agreement outlines the terms and responsibilities of each participating lender and establishes how the syndicate operates. 4. Secured Credit Agreement: This type of agreement involves the provision of credit against specific collateral or assets owned by the borrower. It establishes the rights and obligations of both parties in relation to the collateral and outlines the steps to be taken in case of default. 5. Unsecured Credit Agreement: Unlike the secured credit agreement, this type of agreement does not involve any specific collateral. It relies solely on the borrower's creditworthiness and financial strength, placing trust in their ability to repay the debt. The New Jersey Second Amended and Restated Credit Agreement is crucial for SBA Communications, Corp. and SBA Telecommunications, Inc. It enables them to secure the necessary financial resources from banks and financial institutions to support their operations, investments, and growth plans. The agreement ensures that all parties are aware of their obligations and rights, mitigates potential risks, and provides a clear structure for managing the credit relationship effectively.

The New Jersey Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., several banks, and financial institutions is a legally binding document that outlines the terms and conditions of a credit agreement between the mentioned parties. This agreement typically includes provisions related to borrowing limits, interest rates, repayment terms, collateral, covenants, and other financial and non-financial obligations. The purpose of this agreement is to establish a framework for the lending relationship and ensure transparency and clarity in the financial transactions between the parties involved. The New Jersey Second Amended and Restated Credit Agreement may contain multiple variations or types, depending on the specific requirements and circumstances of the parties involved. Some possible types or variations could include: 1. Term Loan Agreement: This type of agreement focuses on long-term borrowing, typically with a fixed repayment schedule over a specified period. It may involve a single or multiple tranches of borrowing. 2. Revolving Credit Agreement: This type of agreement establishes a line of credit that can be drawn upon by the borrower as needed, up to a predetermined limit. The borrower can repay and redraw funds within the agreed terms. 3. Syndicated Credit Agreement: In certain cases, multiple lenders or financial institutions may be involved in providing the credit facility. A syndicated credit agreement outlines the terms and responsibilities of each participating lender and establishes how the syndicate operates. 4. Secured Credit Agreement: This type of agreement involves the provision of credit against specific collateral or assets owned by the borrower. It establishes the rights and obligations of both parties in relation to the collateral and outlines the steps to be taken in case of default. 5. Unsecured Credit Agreement: Unlike the secured credit agreement, this type of agreement does not involve any specific collateral. It relies solely on the borrower's creditworthiness and financial strength, placing trust in their ability to repay the debt. The New Jersey Second Amended and Restated Credit Agreement is crucial for SBA Communications, Corp. and SBA Telecommunications, Inc. It enables them to secure the necessary financial resources from banks and financial institutions to support their operations, investments, and growth plans. The agreement ensures that all parties are aware of their obligations and rights, mitigates potential risks, and provides a clear structure for managing the credit relationship effectively.