EAGLE Loan definition
Examples of EAGLE Loan in a sentence
Subject to the terms and conditions of this Agreement, each Lender party hereto on the Closing Date made EAGLE Loans on the Closing Date in principal amount equal to its EAGLE Loan Commitment available as of the Closing Date.
Subject to the terms and conditions of this Agreement, from time to time prior to the Amortization Date, each Lender having a Supplemental EAGLE Loan Commitment agrees, severally and not jointly, to make to Borrowers one or more Supplemental EAGLE Loans, following the Second Amendment Effective Date in principal amount up to its Commitment with respect to Supplemental EAGLE Loans, provided that each Supplemental EAGLE Loan requested shall be not less than $2,000,000.
An unused fee in an amount equal to 0.25% per annum of the daily average unused portion of the Supplemental EAGLE Loan Commitment for the immediately preceding calendar quarter, as determined by Agent, payable quarterly in arrears, determined on the basis of a 360 day year.
Lenders’ commitments to make the Supplemental EAGLE Loans shall terminate upon the earlier of (A) the funding in full of the Supplemental EAGLE Loan Commitments or (B) the Amortization Date.
Subject to the terms and conditions of this Agreement, each Lender agrees, severally and not jointly, to make to Borrowers an EAGLE Loan on or about the Closing Date in principal amount equal to its EAGLE Loan Commitment.