A San Antonio Texas Second Amended and Restated Credit Agreement is a legally binding contract entered into by SBA Communications, Corp., SBA Telecommunications, Inc., and multiple banks and financial institutions. This agreement outlines the terms and conditions of a credit facility provided to SBA Communications, Corp. and its subsidiary, SBA Telecommunications, Inc. The purpose of the agreement is to establish the terms of the credit facility, including the borrowing limits, interest rates, repayment terms, and any other applicable fees or charges. It sets out the rights and obligations of all parties involved and serves as a legal framework for the lending relationship. The Second Amended and Restated Credit Agreement typically includes provisions regarding financial covenants, collateral requirements, default provisions, and conditions precedent, among others. These provisions ensure that SBA Communications, Corp. and SBA Telecommunications, Inc. comply with various financial requirements and obligations to maintain the credit facility. In some cases, there may be different types of San Antonio Texas Second Amended and Restated Credit Agreements among the same parties. These variations could exist to accommodate different tranches or portions of the credit facility, which may have distinct terms and conditions. For example, there might be separate agreements for revolving credit lines versus term loans or for different types of securities offered as collateral. Overall, a San Antonio Texas Second Amended and Restated Credit Agreement is a crucial document that governs the credit relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions. It provides a comprehensive framework for borrowing and lending activities and helps protect the interests of all parties involved.
San Antonio Texas Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions
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