Note Fundings Sample Clauses

The Note Fundings clause defines the terms and conditions under which funds are advanced or disbursed under a promissory note or similar debt instrument. It typically outlines the process for requesting and receiving funds, any conditions precedent that must be satisfied before funding occurs, and the timing or schedule of such advances. For example, it may specify that the borrower must provide certain documentation or meet financial covenants before each disbursement. This clause ensures that both parties understand the procedures and requirements for accessing funds, thereby reducing the risk of disputes and providing clarity on the funding process.