conditional commitment

conditional commitment

An agreement by a lender to extend a loan with specified terms, but only if certain conditions are met, such as retention of occupancy rates at a certain level until the time of closing,securing of key man insurance for an important manager-owner,release from a contingent liability that might impair the borrower's financial condition, or any number of other conditions.

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In addition, Main Street and its co-investor are providing Apex Linen a conditional commitment beyond the $2.
We expect no sovereign QE announcement at the December 4 meeting but a more formal, albeit conditional commitment to broader asset purchases.
The Department of Energy today announced the first step toward issuing a $150 million loan guarantee to support the construction of the Cape Wind offshore wind project with a conditional commitment to Cape Wind Associates, LLC.
The firm also issued a conditional commitment for construction financing in the amount or $10 million to the borrower, bringing the total of the transaction to $31 million.
His analysis suggests but does not pursue the kind of conditional commitment suggested above, which is designed to set incentives to induce leadership and thus to establish the scheme itself, which thereafter can be maintained in the way he describes, or through more robust if informal collective enforcement capacities.
In 2009, the Bank of Canada offered a conditional commitment to hold rates at a record low 0.
The Fed extended its conditional commitment to leave its policy rate at near-zero until mid-2015.
He, however, expressed conditional commitment to the peace treaty and said: "The [Egyptian] parliament has to [re-evaluate] this treaty every five years.
Although a conditional commitment had been "drawn up," said Johnson, it had not been signed.
The company received a conditional commitment letter from the Department of Energy for an Advance Technology Vehicle Manufacturing loan, worth USD150m.
Other elements of the Fed's strategy include earlier large-scale asset purchases, a conditional commitment to keep the federal funds rate between 0 percent and 0.
The US Department of Energy has made a conditional commitment for a $105 million loan guarantee to support the development of the US's first commercial-scale cellulosic ethanol plant.
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