Committed Facility

(redirected from Committed Facilities)
Also found in: Dictionary.

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.
Mentioned in ?
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.
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.
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.
Grainger has around pounds 300m in cash and committed facilities for expansion after raising pounds 237m in a rights issue last December.
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.
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.
Grosvenor had cash and undrawn committed facilities with its bankers amounting to pounds 523m, compared to pounds 607m in 2007.
Grosvenor had cash and undrawn committed facilities with its bankers totalling pounds 523m, compared to pounds 607m in 2007.
"We've got plenty of headroom on the balance sheet and unused committed facilities around pounds 80 million.
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.
Bank's warehouse facility with the newly committed facilities from Bank of America and UBS Warburg, the company elected to not renew U.S.
However, these banking facilities are uncommitted; committed facilities are uncommon in the Chinese banking environment.