Lending Decision Clause Samples
The Lending Decision clause defines the process and criteria by which a lender determines whether to approve or deny a loan application. Typically, this clause outlines the information and documentation the borrower must provide, such as financial statements or credit history, and may specify timelines for the lender’s review and notification of their decision. Its core practical function is to establish transparency and predictability in the loan approval process, ensuring both parties understand the requirements and timing involved.
Lending Decision. As with all lending decisions, the Loan Officer/ Credit Committee will use the following sources of information:
Lending Decision. Each Lender acknowledges that it has, independently and without reliance upon any other Lender or any other party hereto (in any capacity), and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and to make Advances with respect to the Facility Loans. Each Lender also acknowledges that it will, independently and without reliance upon any other Lender, any other party hereto (in any capacity) or any of their Affiliates, and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement or any related agreement, instrument or other document.
Lending Decision. By executing a supplement to this Agreement, each Lender will confirm that its decision to lend money and extend credit to the Borrower and the Subsidiaries is and will continue to be based on its own independent investigation and determination as to the creditworthiness of such parties. Each Lender disclaims reliance on any information heretofore provided by the Agent.