The Montana Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions for the extension of credit between SBA Communications, Corp. and SBA Telecommunications, Inc. as borrowers, and several banks and financial institutions as lenders. This agreement serves as a comprehensive framework for the provision of loan facilities and the repayment terms associated with them. Under the Montana Second Amended and Restated Credit Agreement, SBA Communications and SBA Telecommunications have the ability to borrow funds from the participating banks and financial institutions. These funds can be utilized for various purposes, such as financing acquisitions, expanding operations, or refinancing existing debt. The agreement includes provisions pertaining to the amount and duration of the credit facility, the interest rates charged, and any associated fees or expenses. It also defines the conditions that must be met for the borrowers to draw down funds, as well as any requirements for prepayment or partial repayment. One key feature of this agreement is its amendment and restatement provision. This allows for modifications to be made to the agreement in the future, should circumstance or business needs change. It ensures that the terms can be adjusted to accommodate the evolving financial interests of all parties involved. It is worth mentioning that the Montana Second Amended and Restated Credit Agreement may have various types depending on the specific requirements and circumstances of the borrowing parties. Different types of credit agreements may include revolving credit facilities, term loan facilities, or a combination of both. Each type of credit agreement serves a distinct purpose and may come with specific terms and conditions tailored to suit the borrower's needs. In summary, the Montana Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions is a comprehensive legal document that outlines the terms, conditions, and provisions for the extension of credit. It enables borrowers to access funds for various purposes while ensuring lenders have a clear understanding of the terms under which the credit is provided. Different types of credit agreements may exist within this framework, catering to the specific requirements of the borrowing parties.
Montana Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions
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