Commitment commission

From ACT Wiki
Revision as of 08:37, 1 June 2023 by imported>Doug Williamson (Create page. Sources: Linked pages.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

A fee payable by a potential borrower to a potential lender, in consideration of the lender undertaking the legal commitment to advance the funds under the terms of the facility agreement.

Sometimes known as a commitment fee.

See also