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 ?
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
Bakkavor's operating companies have secured fully committed facilities for three years to March 2012 following the successful renegotiation of their debt," he said.
Kaupthing bank had lent main Bakkavor shareholders 1.5bn [euro]
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.
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.
New Century increases lines of credit. (Business Alert)
Adequate Liquidity: ASE's had unrestricted cash of TWD39 billion and available undrawn committed facilities of TWD5 billion as at end-September 2017, which was sufficient to pay for short-term debt of TWD33 billion.
Fitch Removes RWN on ASE; Affirms at 'BBB', Outlook Stable
Prior to funding the transaction, TerraForm Power has over $1B of liquidity under committed facilities, including $500M under its corporate credit facility, which has been upsized to $600 million, and $500M under the sponsor line with Brookfield.
TerraForm Power announces offer to acquire 100% of Saeta Yield

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