Definition of EPL Loan Commitment


EPL Loan Commitment means, as to any Lender, the obligations of such Lender, if any, to make EPL Loans in an aggregate principal amount not to exceed such Lender's Percentage of the Aggregate EPL Commitment.
Sample 1

Examples of EPL Loan Commitment in a sentence

All commitment fees payable pursuant to this Section shall be calculated on a year comprised of 360 days and payable by the Borrower (or the Borrower and EPL, as applicable) in arrears on the Effective Date and thereafter on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Loan Commitment Termination Date or the EPL Loan Commitment Termination Date, as applicable.