What is funded and unfunded?
What are funded and non funded loans? Funded loans are those loans where there is an actual transfer of funds from the bank to the borrower whereas non-funded facilities are those which do not involve such transfer.
What is unfunded facility?
Unfunded Facilities means an amount equal to the estimated cost of the unfunded public facilities allocable to the Assessor’s Parcel for which the Prepayment is being calculated and is computed by multiplying the quotient calculated when determining Principal by $34,790,000, less the estimated cost of any such …
What is the difference between committed and uncommitted facility?
A committed facility is a credit facility where a source of credit is committed to providing a loan to a company. Unlike a committed facility, an uncommitted facility is a credit facility where the lender is not obligated to loan funds when there is a request from the borrower, such as a bank guarantee.
What is an undrawn commitment?
Undrawn Commitment (Banking & Finance Glossary) Refers to the loans that the Lender has agreed to be made available to the Borrower under a Revolving Credit Facility or a Delayed Draw Term Facility that the Borrower has either not drawn, or has drawn and repaid.
What is unfunded capital commitment?
Unfunded Capital Commitment means the portion of a Member’s Capital Commitment that has not been drawn down pursuant to one or more Contribution Notices, as such amount may be adjusted pursuant to this Agreement.
What is a committed facility?
As a short summary, a committed facility is a loan facility that, once signed, obliges the lender to provide funds at the borrower’s request on the basis that the borrower complies with certain pre-conditions.
What is a revolving commitment?
“Revolving Commitment” means the commitment of a Lender to make or otherwise fund any Revolving Loan and to acquire participations in Letters of Credit and Swingline Loans hereunder and “Revolving Commitments” means such commitments of all Lenders in the aggregate.
Is RCF committed?
Commitment Fees To meet such potential demand for funds, banks need to allocate equity capital as part of regulatory requirements. For this reason, banks charge a commitment fee on an RCF. The commitment fee helps them get a return on the equity capital allocated against the RCF, if the facility is not drawn.
What is staged Capital Commitment?
A capital commitment is the projected capital expenditure a company commits to spending on long-term assets over a period of time. The capital commitment may also refer to investments in blind pool funds by venture capital investors, which they contribute overtime when requested by the fund manager.
