Committed
Committed means, with respect to a credit facility or liquidity facility, that under the terms of the legally binding written agreement governing the facility:
(1) The FDIC-supervised institution may not refuse to extend credit or funding under the facility; or
(2) The FDIC-supervised institution may refuse to extend credit under the facility (to the extent permitted under applicable law) only upon the satisfaction or occurrence of one or more specified conditions not including change in financial condition of the borrower, customary notice, or administrative conditions.