Philadelphia Pennsylvania 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: Philadelphia
• 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 Philadelphia Pennsylvania Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit agreement among several parties. In this case, it involves SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions. This credit agreement is a crucial financial instrument that provides SBA Communications and SBA Telecommunications with access to necessary funds for their operations, expansions, or other business activities. It establishes the rights, responsibilities, and obligations of all parties involved, ensuring a smooth and transparent financial relationship. The agreement typically covers a wide range of important provisions, including loan amounts, interest rates, repayment terms, collateral requirements, and any applicable fees or charges. It also outlines the borrowing limits, commitment periods, and conditions for borrowing additional funds if necessary. The Philadelphia Pennsylvania Second Amended and Restated Credit Agreement might contain different variations or types depending on the purpose or specific requirements of the involved parties. Examples could include: 1. Revolving Credit Facility: This type of credit agreement allows SBA Communications and SBA Telecommunications to borrow funds up to a predetermined credit limit for a specified period. It offers flexibility in borrowing and repaying funds as the need arises. 2. Term Loan Facility: In cases where SBA Communications and SBA Telecommunications require a substantial amount of funds for a long-term investment or project, a term loan facility might be included in the agreement. This facility provides a lump sum amount with predetermined repayment terms and schedules. 3. Syndicated Loan Facility: If the credit agreement involves multiple banks and financial institutions, it is referred to as a syndicated loan facility. This allows for the pooling of funds from various lenders to accommodate larger borrowing requirements. 4. SBA Communications and SBA Telecommunications Guarantees: Depending on the parties' negotiation and risk tolerance, the credit agreement might require SBA Communications and SBA Telecommunications to provide guarantees or collateral to secure the borrowed funds. This ensures the lenders have recourse in case of default. The Philadelphia Pennsylvania Second Amended and Restated Credit Agreement is a vital tool for SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions to establish a mutually beneficial financial relationship. It provides the necessary framework and guidelines for the borrowing and lending process, safeguarding the interests of all parties involved.

The Philadelphia Pennsylvania Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit agreement among several parties. In this case, it involves SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions. This credit agreement is a crucial financial instrument that provides SBA Communications and SBA Telecommunications with access to necessary funds for their operations, expansions, or other business activities. It establishes the rights, responsibilities, and obligations of all parties involved, ensuring a smooth and transparent financial relationship. The agreement typically covers a wide range of important provisions, including loan amounts, interest rates, repayment terms, collateral requirements, and any applicable fees or charges. It also outlines the borrowing limits, commitment periods, and conditions for borrowing additional funds if necessary. The Philadelphia Pennsylvania Second Amended and Restated Credit Agreement might contain different variations or types depending on the purpose or specific requirements of the involved parties. Examples could include: 1. Revolving Credit Facility: This type of credit agreement allows SBA Communications and SBA Telecommunications to borrow funds up to a predetermined credit limit for a specified period. It offers flexibility in borrowing and repaying funds as the need arises. 2. Term Loan Facility: In cases where SBA Communications and SBA Telecommunications require a substantial amount of funds for a long-term investment or project, a term loan facility might be included in the agreement. This facility provides a lump sum amount with predetermined repayment terms and schedules. 3. Syndicated Loan Facility: If the credit agreement involves multiple banks and financial institutions, it is referred to as a syndicated loan facility. This allows for the pooling of funds from various lenders to accommodate larger borrowing requirements. 4. SBA Communications and SBA Telecommunications Guarantees: Depending on the parties' negotiation and risk tolerance, the credit agreement might require SBA Communications and SBA Telecommunications to provide guarantees or collateral to secure the borrowed funds. This ensures the lenders have recourse in case of default. The Philadelphia Pennsylvania Second Amended and Restated Credit Agreement is a vital tool for SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions to establish a mutually beneficial financial relationship. It provides the necessary framework and guidelines for the borrowing and lending process, safeguarding the interests of all parties involved.