Examples of Fleet Credit Agreement in a sentence
In connection with the refinancing of the Fleet Credit Agreement, the Company wrote-off $90,000, net of income tax benefit, of un-amortized deferred financing costs in the fourth quarter of 2001 and such amount is presented as an extraordinary item in the 2001 Consolidated Statement of Income.
In connection with the Merger Agreement, the Company and PlayCore Wisconsin executed a Waiver, Consent and Agreement with Fleet National Bank (the "Fleet Consent"), as a lender and as agent for itself and the other lenders (collectively, the "Existing Lenders") who are parties to that certain Restated Credit Agreement, dated as of February 16, 1999, as amended from time to time (the "Fleet Credit Agreement").
However, the Company, to the extent it makes or has made any prepayments of principal under the existing Fleet Credit Agreement, shall be entitled to draw down additional Indebtedness under such Fleet Credit Agreement, as long as such Indebtedness does not have the effect of increasing the line of credit provided.
Fleet and the Existing Lenders have also agreed that upon the payment of the credit obligations ("Fleet Credit Obligations") outstanding between the Company, PlayCore Wisconsin and Heartland, on the one hand, and Fleet and the Existing Lenders on the other hand, any and all defaults under the Fleet Credit Agreement caused by the Offer or the Merger will be waived.
Other Transactions Fleet Credit Agreement — On December 31, 2003, the Company entered into a $50 million Secured Revolving Credit Agreement with Fleet National Bank as managing administrative agent.