Lenders and Commitments Clause Samples

The 'Lenders and Commitments' clause defines the parties who are providing financing under an agreement and specifies the amount each lender is obligated to contribute. It typically outlines the list of lenders, their respective commitment amounts, and the process for adjusting these commitments, such as through assignments or increases. This clause ensures clarity regarding each lender's role and financial responsibility, helping to prevent disputes and facilitate smooth administration of the loan facility.