Committed Facility

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Committed Facility

Credit that is available to the borrower if and only if the borrower meets the requirements imposed by the lender. These requirements are often very strict. See also: Facility.
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References in periodicals archive ?
This can happen even in the most committed facilities, but I believe it often occurs because the staff has not fully bought into the benefits of restorative nursing.
Restorative care: it takes a facility: an interdisciplinary approach to restorative care can improve quality measures
Court Order and related memorandums; administering rehabilitative programs in direct care, committed facilities located in the metropolitan area; developing and implementing new and improved policies and procedures for compliance with applicable federal and direct laws and best practices for secure care detention facilities; maintaining a continuous dialogue with and providing advice, guidance and assistance to educators, vocational training instructors and mental health staff; and providing day-today supervision of staff.
Committed programs director (chief of committed services)
In addition to assisting with the development of the program, Volkswagen committed facilities, VW specific training and orientation, financial assistance for student tuition, paid on-the-job-training and multiple members on the AMP advisory board.
Volkswagen Group of America receives Silver Star of excellence
Grainger has around pounds 300m in cash and committed facilities for expansion after raising pounds 237m in a rights issue last December.
Grainger considers new joint venture
A headline increase of 10 per cent in the total amount of outstanding loans to commercial property - from pounds 220.4 billion at the end of 2007 to pounds 243.3 billion at the end of 2008 - which was caused largely by the calling down of previously committed facilities and the restructuring of existing loans, belies a substantial fall in new lending, down 41 per cent in 2008 compared with a rise of three per cent in 2007.
Tough times as new lending drops 41pc
But now they are seeking confirmation of at least 18 months' committed facilities. This is making life hard for a number of companies, since their banks may be reluctant to confirm that facilities will continue to be available.
Going consternation: auditors are seeking more and more assurances from their clients about their businesses' continuing viability before they will sign off their accounts without qualification. Robin Johnson explains the liabilities facing directors
Grosvenor had cash and undrawn committed facilities with its bankers amounting to pounds 523m, compared to pounds 607m in 2007.
Duke loses pounds 165m as downturn hits shops; Value of Liverpool One falls
Grosvenor had cash and undrawn committed facilities with its bankers totalling pounds 523m, compared to pounds 607m in 2007.
Liverpool pounds 165m loss
"We've got plenty of headroom on the balance sheet and unused committed facilities around pounds 80 million.
Chloride now looking to overseas expansion; ENGINEERING
Equinix is expected to finance the acquisition and related transaction costs out of the company's corporate cash reserves and unsecured debt financing under committed facilities from Citigroup.
Equinix to acquire IXEurope
Bank's warehouse facility with the newly committed facilities from Bank of America and UBS Warburg, the company elected to not renew U.S.
New Century increases lines of credit. (Business Alert)
However, these banking facilities are uncommitted; committed facilities are uncommon in the Chinese banking environment.
Fitch Rates Jiuquan Iron & Steel's Proposed USD Notes 'BBB-(EXP)'

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