Montgomery Maryland 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
• County: Montgomery
• 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 Montgomery Maryland 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 serves as a comprehensive framework for providing financial support to SBA Communications, Corp. and SBA Telecommunications, Inc., in the form of credit facilities extended by multiple banks and financial institutions. It effectively replaces the previous credit agreement with updated terms and provisions. The Montgomery Maryland Second Amended and Restated Credit Agreement is a crucial instrument for SBA Communications, Corp. and SBA Telecommunications, Inc. as it helps facilitate their operational and financial requirements by providing access to significant funding sources. The agreement encompasses various key elements, including loan amounts, interest rates, repayment schedules, collateral obligations, and covenants. It ensures that both the borrowing entities and the lending institutions are explicitly aware of their rights, responsibilities, and obligations throughout the term of the agreement. Additionally, the agreement may consist of different types or facilities within it, each serving a distinct purpose. Some potential variations could include: 1. Revolving Credit Facility: This type of facility provides SBA Communications, Corp. and SBA Telecommunications, Inc. with a predetermined line of credit that can be drawn upon as needed. The credit limit is typically based on the value of eligible collateral and allows flexibility in borrowing and repayment. 2. Term Loan Facility: This facility entails a fixed amount of funds provided upfront and repaid over a specified period. It affords SBA Communications, Corp. and SBA Telecommunications, Inc. with a lump-sum for specific purposes such as refinancing existing debt, acquisitions, or capital expenditure. 3. Letter of Credit Facility: This facility enables SBA Communications, Corp. and SBA Telecommunications, Inc. to obtain letters of credit from the lending banks, which act as guarantees of payment to vendors or partners. It provides assurance and improves business relationships by ensuring timely and secured transactions. 4. Overdraft Facility: This facility allows SBA Communications, Corp. and SBA Telecommunications, Inc. to overdraw their accounts up to a pre-approved limit. It provides flexibility by temporarily covering any short-term cash shortages. The Montgomery Maryland Second Amended and Restated Credit Agreement reflects the collaborative efforts between SBA Communications, Corp., SBA Telecommunications, Inc., and multiple banks and financial institutions to establish a strong financial foundation for the companies' growth, expansion, and operational efficiency.

The Montgomery Maryland 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 serves as a comprehensive framework for providing financial support to SBA Communications, Corp. and SBA Telecommunications, Inc., in the form of credit facilities extended by multiple banks and financial institutions. It effectively replaces the previous credit agreement with updated terms and provisions. The Montgomery Maryland Second Amended and Restated Credit Agreement is a crucial instrument for SBA Communications, Corp. and SBA Telecommunications, Inc. as it helps facilitate their operational and financial requirements by providing access to significant funding sources. The agreement encompasses various key elements, including loan amounts, interest rates, repayment schedules, collateral obligations, and covenants. It ensures that both the borrowing entities and the lending institutions are explicitly aware of their rights, responsibilities, and obligations throughout the term of the agreement. Additionally, the agreement may consist of different types or facilities within it, each serving a distinct purpose. Some potential variations could include: 1. Revolving Credit Facility: This type of facility provides SBA Communications, Corp. and SBA Telecommunications, Inc. with a predetermined line of credit that can be drawn upon as needed. The credit limit is typically based on the value of eligible collateral and allows flexibility in borrowing and repayment. 2. Term Loan Facility: This facility entails a fixed amount of funds provided upfront and repaid over a specified period. It affords SBA Communications, Corp. and SBA Telecommunications, Inc. with a lump-sum for specific purposes such as refinancing existing debt, acquisitions, or capital expenditure. 3. Letter of Credit Facility: This facility enables SBA Communications, Corp. and SBA Telecommunications, Inc. to obtain letters of credit from the lending banks, which act as guarantees of payment to vendors or partners. It provides assurance and improves business relationships by ensuring timely and secured transactions. 4. Overdraft Facility: This facility allows SBA Communications, Corp. and SBA Telecommunications, Inc. to overdraw their accounts up to a pre-approved limit. It provides flexibility by temporarily covering any short-term cash shortages. The Montgomery Maryland Second Amended and Restated Credit Agreement reflects the collaborative efforts between SBA Communications, Corp., SBA Telecommunications, Inc., and multiple banks and financial institutions to establish a strong financial foundation for the companies' growth, expansion, and operational efficiency.