Making Committed Advances Clause Samples

The "Making Committed Advances" clause defines the process by which a lender is obligated to provide funds to a borrower under a loan agreement. It typically outlines the conditions that must be met before the lender disburses each advance, such as the submission of a drawdown notice and satisfaction of any preconditions. This clause ensures that both parties understand when and how funds will be made available, thereby providing certainty and structure to the borrowing process.