The Maryland Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., several banks and financial institutions is a legal agreement that outlines the terms and conditions related to credit facilities provided to SBA Communications, Corp. and its subsidiary, SBA Telecommunications, Inc. This credit agreement serves as a financial arrangement between the borrowing entities and the lending institutions. It establishes the rights and obligations of all parties involved, ensuring that the terms of the credit facilities are clearly defined and understood. The agreement typically includes information such as the purpose of the credit facility, the borrowing limit, interest rates, repayment terms, and any collateral or guarantees necessary to secure the loan. It also outlines the events of default, which would trigger certain actions or consequences. As mentioned, there may be different types of Maryland Second Amended and Restated Credit Agreements among SBA Communications, Corp., SBA Telecommunications, Inc., several banks, and financial institutions. These can vary based on the nature and purpose of the credit facility. Some common types include: 1. Term Loan Credit Agreement: This agreement provides a specific amount of credit to the borrower, which is repaid over a predetermined period through regular installment payments. 2. Revolving Credit Agreement: A revolving credit facility allows the borrower to access funds up to a predetermined limit as needed, repay them, and borrow again within the set term. 3. Acquisition Credit Agreement: This type of credit agreement may be entered into when SBA Communications, Corp. or SBA Telecommunications, Inc. intends to acquire another company or make a significant investment. The agreement may provide the necessary funds to complete the acquisition. 4. Working Capital Credit Agreement: This agreement can provide short-term financing to cover operational expenses, such as inventory purchases or payroll, ensuring the company's day-to-day operations run smoothly. 5. Syndicated Credit Agreement: A syndicated credit agreement involves multiple banks or financial institutions collectively providing the credit facility to the borrower. Each lender has its own portion of the loan and shares the associated risks. It's crucial to note that the specific terms and conditions of each Maryland Second Amended and Restated Credit Agreement may vary, reflecting the unique needs of SBA Communications, Corp., SBA Telecommunications, Inc., and the participating banks and financial institutions.
Maryland Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions
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