Credit Facility Agreement
Credit Facility Agreement. A formal contract in which a potential lender agrees to lend to a potential borrower under terms stated in this contract.
The agreement will usually also define tranches of the credit facility to which they are prepared to commit lending for specific purposes. Note that the existence of this formal agreement represents a fornal commmitment by the potential lender. This results in formal provisions needing to be made in terms of the lender's overall positions and exposures. See new notes in Credit Facility and elsewhere. These define the terms that belong in this box. Upper ontology: abstract so that every loan starts off as a credit facility. Then it should all fall into place.
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