EOL Compensation definition

EOL Compensation means any payments under a Permitted Lease made by or on behalf of the relevant Permitted Lessee in connection with the return of the applicable Aircraft or relating to the termination or expiration of such Permitted Lease.
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Examples of EOL Compensation in a sentence

  • At its election, the Company may utilize any EOL Compensation deposited in the Collections Account in respect of such Aircraft to effect the prepayment contemplated by this Section 3.03(b)(iii).

  • Any EOL Compensation, Maintenance Reserves and Security Deposits standing to the credit of the Collections Account shall be held in the Collections Account and applied only in accordance with the terms of this Agreement and the Mortgage.

  • To the extent an Initial Permitted Lessee provides the Company with a letter of credit under any Initial Permitted Lease in substitution for any Security Deposit, EOL Compensation or Maintenance Reserves required to be paid thereunder (a “Letter of Credit”), such Letter of Credit shall be provided to the Company as soon as reasonably practicable following the acquisition of the relevant Aircraft by the Company on the relevant Funding Date.