The Washington Second Amended and Restated Credit Agreement is a legally binding document that establishes the terms and conditions for a credit facility provided to SBA Communications, Corp. and SBA Telecommunications, Inc. by several banks and financial institutions. This agreement outlines the obligations, rights, and responsibilities of all parties involved. Under this agreement, SBA Communications, Corp. and SBA Telecommunications, Inc. are the borrowers, while the participating banks and financial institutions act as lenders. The purpose of the credit facility is to provide SBA Communications, Corp. and SBA Telecommunications, Inc. with financial flexibility, allowing them to meet their short-term and long-term funding requirements. The terms and conditions of the Washington Second Amended and Restated Credit Agreement include the loan amount, interest rates, repayment terms, and specific financial covenants that SBA Communications, Corp. and SBA Telecommunications, Inc. must adhere to. The agreement may also include provisions for events of default, remedies available to lenders, and the establishment of a collateral pool to secure the loans. There might be various types of Washington Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks, and Financial Institutions, such as: 1. Term Loan Agreement: This type of credit agreement provides a specific loan amount to be repaid over a predetermined term with scheduled payments. 2. Revolving Credit Agreement: In this type of agreement, the borrowers have access to a revolving line of credit, allowing them to borrow, repay, and re-borrow up to a specified credit limit. This provides flexibility in managing their working capital needs. 3. Term Loan and Revolving Credit Agreement: This combines both the term loan and revolving credit facilities, providing borrowers with both immediate funds and long-term financing options. 4. Syndicated Credit Agreement: When multiple banks and financial institutions join together to provide the credit facility, it is termed as a syndicated credit agreement. This allows for larger loan amounts and shared risk among the lenders. In summary, the Washington Second Amended and Restated Credit Agreement is a pivotal financial document that outlines the terms and conditions for a credit facility provided by several banks and financial institutions to SBA Communications, Corp. and SBA Telecommunications, Inc. The agreement may vary in its structure and purpose, depending on the specific requirements and preferences of the parties involved.