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Related Party Transactions
6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Related party transactions
11. Related Party Transactions
The Company had an advisory agreement with HCI that required the Company to pay transaction fees and an annual advisory fee of $0.1 million. The Company paid an aggregate of $0.2 million to HCI for advisory fees and travel expenses during the six months ended June 30, 2016. On May 2, 2017, the Company and HCI entered into a Termination Agreement in which HCI waived the Company’s payment of any and all unpaid fees and expenses accrued under the advisory agreement through May 2, 2017.
The Investment Agreement with Elliott required the Company to pay Elliott a daily payment in an amount equal to $33,333.33 per calendar day from the closing date until the Refinancing Date. The Company paid $2.0 million under this agreement for the three and six months ended June 30, 2017.
One of the Company's operating companies contracts with certain purchased transportation providers that are owned by employees of that operating company. The Company paid an aggregate of $3.1 million and $1.8 million to these purchased transportation providers during the three months ended June 30, 2017 and 2016, respectively. The Company paid an aggregate of $5.7 million and $3.5 million to these purchased transportation providers during the six months ended June 30, 2017 and 2016, respectively.
The Company has a number of facility leases with related parties and paid an aggregate of $0.8 million and $0.7 million under these leases during the three months ended June 30, 2017 and 2016, respectively. The Company paid an aggregate of $1.5 million and $1.3 million under these leases during the six months ended June 30, 2017 and 2016, respectively.
During the three months ended June 30, 2016, the Company entered into and completed a sale leaseback transaction to sell a combined office and warehouse facility to an entity controlled by a former owner and current manager of an operating company for a total sale price of $3.5 million.
The Company leases certain equipment through leasing companies owned by related parties and paid an aggregate of $0.3 million and $0.2 million during the during the three months ended June 30, 2017 and 2016, respectively. The Company paid an aggregate of $0.6 million and $0.2 million during the six months ended June 30, 2017 and 2016, respectively.
The Company received dividend payments from Great Republic Indemnity, an insurance captive, of $2.5 million during the six months ended June 30, 2017. The Company did not receive any such dividends for the three months ended June 30, 2017. The Company received dividend payments of $1.3 million and $1.8 million during the three and six months ended June 30, 2016, respectively.