Committed Facility

Committed Facility. Shall mean a credit facility under which Guarantor is a borrower and a party acceptable to the Lender is lender, whereby (i) the lender thereunder is unconditionally committed to make advances to Guarantor upon request by Guarantor (other than any conditions acceptable to Lender); (ii) no event of default (or event which with notice or the passage of time, or both, would constitute an event of default) has occurred thereunder; and (iii) the period where... such advances may be requested expires more than ninety (90) days from the date of determination. View More