Vermont 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 Vermont 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 facility provided by the lenders to SBA Communications and its subsidiaries. This credit agreement serves as a contract between the parties involved and defines the borrowing capacity, interest rates, repayment terms, and other key provisions. It provides SBA Communications and SBA Telecommunications with a source of financing for their operations, expansion, and general business needs. Some important elements covered in the Vermont Second Amended and Restated Credit Agreement may include: 1. Borrowing Capacity: The agreement defines the maximum amount of money that SBA Communications and SBA Telecommunications can borrow from the lenders. This limit is based on various factors such as the financial health of the companies, collateral provided, and overall creditworthiness. 2. Interest Rates: The agreement specifies the interest rate at which the borrowed funds will accrue. It may be a fixed rate or variable rate, depending on the terms negotiated between the borrowers and lenders. 3. Repayment Terms: The agreement outlines the repayment schedule, including the frequency of payments, the duration of the loan, and any special payment requirements (e.g., balloon payments or amortization schedules). 4. Security and Collateral: Often, lenders require collateral to secure the loan. The agreement identifies the assets or property being pledged as security and the rights of the lenders in case of default. 5. Financial Covenants: The agreement may impose certain financial covenants that SBA Communications and SBA Telecommunications must meet throughout the duration of the loan. These covenants could include maintaining a minimum level of profitability, liquidity, or leverage ratios, or any other financial benchmarks agreed upon. 6. Events of Default: The agreement details the circumstances that could trigger a default, such as missed payments, violation of covenants, or insolvency. It also outlines the rights and remedies available to the lenders in case of default, such as accelerating the loan or seizing collateral. Note: While different versions or amendments of the Vermont Second Amended and Restated Credit Agreement may exist, the specific names and variations would depend on the individual agreements negotiated between SBA Communications, SBA Telecommunications, and the participating banks and financial institutions.

The Vermont 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 facility provided by the lenders to SBA Communications and its subsidiaries. This credit agreement serves as a contract between the parties involved and defines the borrowing capacity, interest rates, repayment terms, and other key provisions. It provides SBA Communications and SBA Telecommunications with a source of financing for their operations, expansion, and general business needs. Some important elements covered in the Vermont Second Amended and Restated Credit Agreement may include: 1. Borrowing Capacity: The agreement defines the maximum amount of money that SBA Communications and SBA Telecommunications can borrow from the lenders. This limit is based on various factors such as the financial health of the companies, collateral provided, and overall creditworthiness. 2. Interest Rates: The agreement specifies the interest rate at which the borrowed funds will accrue. It may be a fixed rate or variable rate, depending on the terms negotiated between the borrowers and lenders. 3. Repayment Terms: The agreement outlines the repayment schedule, including the frequency of payments, the duration of the loan, and any special payment requirements (e.g., balloon payments or amortization schedules). 4. Security and Collateral: Often, lenders require collateral to secure the loan. The agreement identifies the assets or property being pledged as security and the rights of the lenders in case of default. 5. Financial Covenants: The agreement may impose certain financial covenants that SBA Communications and SBA Telecommunications must meet throughout the duration of the loan. These covenants could include maintaining a minimum level of profitability, liquidity, or leverage ratios, or any other financial benchmarks agreed upon. 6. Events of Default: The agreement details the circumstances that could trigger a default, such as missed payments, violation of covenants, or insolvency. It also outlines the rights and remedies available to the lenders in case of default, such as accelerating the loan or seizing collateral. Note: While different versions or amendments of the Vermont Second Amended and Restated Credit Agreement may exist, the specific names and variations would depend on the individual agreements negotiated between SBA Communications, SBA Telecommunications, and the participating banks and financial institutions.