The New Mexico Second Amended and Restated Credit Agreement is a legal document that outlines the terms and conditions of a financial agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions in New Mexico. This agreement serves as a framework for the provision of credit facilities and outlines the rights and obligations of the parties involved. Key features of the New Mexico Second Amended and Restated Credit Agreement include the borrowing limits, interest rates, repayment terms, and collateral requirements. The agreement may also specify any conditions precedent that must be met for the credit facilities to be made available, such as financial covenants or reporting requirements. Different types of New Mexico Second Amended and Restated Credit Agreements among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions may include: 1. Revolving Credit Facility: This type of credit agreement allows the borrower to access a predetermined amount of funds, repay them, and borrow again within the agreed limit. The agreement would outline the terms and conditions specific to this revolving credit arrangement, such as the commitment fee, utilization fee, and available credit limit. 2. Term Loan Facility: In this type of credit agreement, a specific amount of funds is lent to the borrower, and it is repaid over a predetermined timeframe with scheduled payments. The agreement would outline the interest rate, repayment schedule, and any prepayment provisions. 3. Equipment Financing Agreement: This agreement focuses on providing financing specifically for the acquisition of equipment needed for the borrower's operations. It outlines the loan amount, interest rate, security interest in the equipment, and any maintenance or insurance requirements. 4. Construction Loan Agreement: If the borrower needs funds for a construction project, a construction loan agreement may be established. This agreement would outline the terms and conditions related to the loan, including disbursements, interest rates, repayment terms, and any milestones or conditions preceding the disbursement of funds. 5. Syndicated Credit Agreement: In cases where multiple banks and financial institutions participate in providing credit facilities, a syndicated credit agreement is established. This agreement outlines the roles and rights of each participating entity, distributions of payments, and any intercreditor arrangements. It is important to note that while the provided examples demonstrate different types of credit agreements, the actual terms and provisions may vary based on the specific agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions in New Mexico.
New Mexico Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions
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