Conditions to the Optional Borrowing Sample Clauses

The "Conditions to the Optional Borrowing" clause sets out the specific requirements that must be satisfied before a borrower can access additional funds under an existing loan agreement. Typically, these conditions may include the borrower providing updated financial statements, confirming that no default has occurred, or ensuring that all representations and warranties remain true at the time of the new borrowing. By establishing clear prerequisites for optional borrowings, this clause helps protect the lender by ensuring the borrower's continued creditworthiness and compliance with the agreement before further funds are advanced.