Examples of Replaced Term Loan in a sentence
The Company's contributions for fiscal years 1999 and 1998 were $754,000 and $566,000, respectively.
The Credit Facility replaced the $250 million term loan ("Replaced Term Loan") and $700 million revolving credit facility ("Replaced Revolving Credit Facility") extended to the Intermediate Partnership on May 23, 2012 (the "Replaced Credit Agreement") by various banks and other lenders that would have expired on May 23, 2017.
In June 2014, we began making quarterly principal payments on the Replaced Term Loan, leaving a balance of $50.0 million at December 31, 2016.
The ARLP Credit Facility replaces the $250 million term loan ("ARLP Replaced Term Loan") and $700 million revolving credit facility ("ARLP Replaced Revolving Credit Facility") extended to the Intermediate Partnership on May 23, 2012 (the "ARLP Replaced Credit Agreement") by various banks and other lenders that would have expired on May 23, 2017.
The commitment set forth in this clause (a) will terminate in full upon the making of the related Replacement Term Loan (or conversion, exchange or roll of Replaced Term Loan, as applicable).
This component will therefore focus on these two key Doing Business indicators.
In June 2014, the ARLP Partnership began making quarterly principal payments on the ARLP Replaced Term Loan, leaving a balance of $50.0 million at December 31, 2016.
The ARLP Partnership had $255.0 million in borrowings under the ARLP Replaced Revolving Credit Facility, $50.0 million outstanding under the ARLP Replaced Term Loan and $100.0 million in borrowings under the ARLP Securitization Facility at December 31, 2016.
Proceeds from the New Facilities were used to fund the STAHL acquisition, pay fees and expenses associated with the acquisition, and refinance the Company's previous revolving credit facility ("Replaced Revolving Credit Facility") and senior secured Term Loan ("Replaced Term Loan").
We had $255.0 million in borrowings under the Replaced Revolving Credit Facility, $50.0 million outstanding under the Replaced Term Loan and $100.0 million in borrowings under the Securitization Facility at December 31, 2016.