committed facility

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Also found in: Financial.

committed facility

n
(Banking & Finance) an agreement by a bank to provide a customer with funds up to a specified limit at a specified rate of interest
References in periodicals archive ?
The company's planned capex is largely covered by separately allocated committed facilities, S&P pointed out.
The terminal has committed facilities, separate from those of Terminals 1 and 3, as it comprises its own drop off area accessed via a roadway built particularly to accommodate it.
Also, Visteon has agreed to provide a seller-backed revolver to bridge any shortfall of a targeted $90 million of external credit facilities if the complete amount is not available by closing, to be repaid by the buyer, if drawn, once additional committed facilities are in place after the transaction closes.
Fitch notes that while Coca-Cola has more CP outstanding than capacity under its various committed facilities, the company has consistently maintained a large cash balance, and the combination of cash and facility availability provide adequate backup for the CP.
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.
with total committed facilities of [pounds]290 million.
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.
Bakkavor's operating companies have secured fully committed facilities for three years to March 2012 following the successful renegotiation of their debt," he said.
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.