REQUESTED ADVANCE AMOUNT Sample Clauses

The "Requested Advance Amount" clause defines the specific sum of money that a borrower is requesting to draw from a credit facility or loan agreement. In practice, this clause outlines the process by which the borrower must formally request an advance, often requiring written notice and adherence to any minimum or maximum draw amounts set by the lender. Its core function is to ensure clarity and structure in the disbursement of funds, preventing misunderstandings about the amounts being advanced and the procedures for accessing loaned capital.