commitment period

commitment period
England, Wales
availability period Also known as the commitment period.
It is a set period during which a borrower may draw down a loan.
In a term loan, it is usually a relatively short period after signing the facility agreement. In a revolving facility, the period extends, in general terms, throughout the life of the loan.
Typically, any commitment fees will accrue and be payable during this period.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • period — pe|ri|od1 [ pıriəd ] noun count *** 1. ) an amount of time during which something happens: The long dry period ended with torrential rain. period of: A decision has to be made within a period of three months. period of time: They reached these… …   Usage of the words and phrases in modern English

  • commitment fee — England, Wales commitment fee, Also known as commitment commission. A fee payable by the borrower to the lender under a loan agreement calculated by reference to the amount of the undrawn and uncancelled loan during the availability period. In a… …   Law dictionary

  • commitment commission — England, Wales commitment fee, Also known as commitment commission. A fee payable by the borrower to the lender under a loan agreement calculated by reference to the amount of the undrawn and uncancelled loan during the availability period. In a… …   Law dictionary

  • Commitment device — Dubner and Levitt define a commitment device as a means with which to lock yourself into a course of action that you might not otherwise choose but that produces a desired result (Dubner and Levitt 2007). Put differently, a commitment device is… …   Wikipedia

  • Commitment control — This is a term used in the retail industry. Retailers contract with their suppliers to supply a quantity of product in a specified time period to a specific location at an agreed price. The quantity and value of the balance of contract represents …   Wikipedia

  • availability period — England, Wales availability period Also known as the commitment period. It is a set period during which a borrower may draw down a loan. In a term loan, it is usually a relatively short period after signing the facility agreement. In a revolving… …   Law dictionary

  • Involuntary commitment — For involuntary treatment in non hospital settings, see involuntary treatment. Involuntary commitment or civil commitment is a legal process through which an individual with symptoms of severe mental illness is court ordered into treatment in a… …   Wikipedia

  • Outpatient commitment — refers to mental health law that allows the compulsory, community based treatment of individuals with mental illness. In the United States the term assisted outpatient treatment or AOT is often used and refers to a process whereby a judge orders… …   Wikipedia

  • loan commitment — n. A promise made by a bank or other lending institution to a prospective purchaser of real estate that it will lend him or her a specified sum at a specified interest rate to purchase a particular property if it is done within a specified period …   Law dictionary

  • Voluntary commitment — is the act or practice of a person being admitted to a psychiatric hospital, or other mental health facility, voluntarily, and without the process of involuntary commitment. Unlike in involuntary commitment the person is free to leave the… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”