E-Signature Workflow

E-Signature Workflow

Learn how electronic signatures work throughout credit facilities

Overview

E-signatures are used throughout the credit facility workflow to digitally signimportant documents. Electronic signatures are legally binding and providecomplete traceability of who signed what and when.

Where E-Signatures Are Used

E-signatures are required at three key points in the credit facility workflow:

1. Term Sheet Signing (Borrower) - Borrowers sign term sheets via Adobe Signbefore submitting to facility agents
2. Master Commitment Signing (Lender) - Lenders sign master commitments viaAdobe Sign to approve facilities
3. Funding Notice Signing (Facility Agent) - Facility agents sign funding noticesfor each lender individually via Adobe Sign

Term Sheet E-Signature (Borrower)

When It Happens

After the borrower clicks Create Draft on a term sheet

Process

      1. Adobe Sign popup opens automatically
      2. Borrower reviews the term sheet document
      3. Borrower completes electronic signature
      4. Status changes from Draft to BorrowerSigned
      5. Borrower can now submit to facility agent

What It Means

      • The term sheet is formally signed by the borrower
      • Required before submission to facility agent
      • Legally binding document

Master Commitment E-Signature (Lender)

When It Happens

When a lender clicks Approve & E-Sign on a master commitment in their Opportunities section

Process

      1. Lender reviews the master commitment details
      2. Lender clicks Approve & E-Sign
      3. Adobe Sign popup opens
      4. Lender completes electronic signature
      5. Master commitment status changes to Active (any one lender approvalactivates)

What It Means

      • The lender formally approves and commits to the facility
      • One lender approval activates the entire facility
      • Legally binding commitment

Funding Notice E-Signature (Facility Agent)

When It Happens

After the facility agent approves a funding notice

Process

      1. Funding request is approved → Funding notice generated (Pending TokenGenerated)
      2. Facility agent clicks Approve on the funding notice
      3. Action shows E-sign (0/n) where n = number of lenders
      4. Facility agent clicks E-sign
      5. Adobe Sign popup opens for each lender
      6. Facility agent signs for that lender
      7. Count updates (1/n, 2/n, etc.)
      8. Repeat for each lender (n/n)
      9. Each lender can see the funding notice once their e-sign is complete

What It Means

      • Facility agent formally signs the funding notice for each lender
      • Each lender has individual e-signature tracking
      • Each lender can see and act on the funding notice once their e-sign is done

E-Signature Progress Tracking

For Funding Notices

The E-sign counter shows progress:

      • E-sign (0/3) : No lenders signed yet (3 total lenders)
      • E-sign (1/3) : Signed for 1 lender
      • E-sign (2/3) : Signed for 2 lenders
      • E-sign (3/3) : All lenders signed

Important Points

Legally Binding - All electronic signatures are legally binding and enforceable.

Required for Progression - Documents cannot progress without requiredsignatures:

      • Term sheets cannot be submitted without borrower signature
      • Master commitments cannot activate without lender signature
      • Funding notices cannot be seen by lenders without FA e-signs

Per-Lender Tracking - For funding notices, each lender's e-signature status istracked individually.

Adobe Sign Integration - All e-signatures use Adobe Sign for secure, legallycompliant signing.

Complete Audit Trail - Every signature is recorded with who signed and when


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