ECL definition

ECL means expected credit losses;

ECL means the Environmental Conservation Law;

ECL means that certain Equity Commitment Letter, dated as of the date hereof, by and between Shareholder, Washington Investments, LLC (solely with respect to the Guaranty contained therein) and Parent.

Examples of ECL in a sentence

• The Issuer shall conduct all dealings with ECL at no less favourable terms for it than on arm's length terms.

• The Issuer shall apply any amounts received under the ECL Cost Coverage Agreement to discharge other obligations than owed under the Notes.

• For the avoidance of doubt, ECL may at any time and at any price purchase any Notes on the market or in any other way.

• The ECL is also responsible for terminating permits with the permitting agency and notifying the IMT when each permit is terminated.

• The Noteholders will have a right of recourse (verhaalsrecht) only in respect of the Ords held by the Issuer, including any payments received in connection with these Ords but not amounts received under the ECL Cost Coverage Agreement, and will not have any claim, by operation of law or otherwise, against, or recourse to any of other assets of the Issuer.

More Definitions of ECL

ECL has the meaning set forth in the Recitals.

ECL means Evolution Credit Litd (previously Real People Investment Holdings Limited), 1999/020093/07, 12 Esplanade Road, Quigney, East London, Eastern Cape, South Africa, 5201.

ECL means the expected credit loss as per IFRS 9;

ECL means chapter 43-B of the Consolidated Laws of the State of New York, entitled the Environmental Conservation Law.

ECL means expected credit loss;

ECL means that certain master equity commitment letter dated October 17, 2022 executed on behalf of each Subscriber named in Schedule 1 thereto and to which the Trustee and the Administrative Agent are each a party, amended, restated, supplemented or otherwise modified from time to time.

ECL means the New York Environmental Conservation Law.