After a facility agent submits a master commitment for approval, lenders review and decide whether to approve and commit to the facility. As a lender, you review the facility details, lender commitments, and terms, then approve via electronic signature. Once any lender approves, the facility becomes active.
• The Opportunities dashboard shows master commitments (or sub-master commitments) shared with your organization
2. Find the Master Commitment
• Locate the facility awaiting your approval
• Status shows PendingLenderApproval
• For multiple-branch facilities, you see only the sub-master commitment assigned to you
Step 2: Review the Facility
1. Click Review & Approve
• In the Actions column, click Review & Approve
• A popup opens showing comprehensive facility details
2. Review All Sections
• Navigate through all tabs in the popup
• Review basic facility information
• Check commitment amounts and terms
• Verify interest rates and fees
• Review facility rules and parameters
• Examine any attached documents
3. Assess the Facility
• Evaluate whether the terms meet your investment criteria
• Check your commitment amount and voting percentage
• Review other participating lenders (if visible)
• Ensure you understand all obligations
Step 3: Make Approval Decision
1. Approve the Facility
• If satisfied with the facility terms, click Approve & E-Sign
• An Adobe Sign popup window opens automatically
• Review the master commitment document
• Complete the electronic signature process
2. After Signing
• The master commitment (or your sub-master commitment) moves to your Credit Facility section
• After any one lender approves and signs, the overall master commitment status changes to Active
• The facility agent is notified
• Facility setup can proceed
What Lenders See
In Opportunities Section
• Master commitments (or sub-master commitments) pending your approval
• Status: PendingLenderApproval
• Action: Review & Approve
In Credit Facility Section (After Approval)
• Approved and active facilities
• Funding notices when available
• Actions: View Facility, Review Funding Notice
Review Checklist
When reviewing a master commitment, consider:
Facility Terms
• Commitment amount and your participation
• Interest rate structure
• Maturity date
• Drawdown frequency
Lender Commitments
• Your voting percentage
• Total facility size
• Other participating lenders
Facility Rules
• Borrowing limits
• Collateral requirements
• Covenant compliance
Documentation
• Supporting documents attached
• Completeness of information
Rules & Validations
• Review Before Approval: You should thoroughly review all facility details before approving. Once approved, you are committed to the facility.
• E-Signature Required: You must complete the Adobe Sign process to finalize your approval.
• Any Lender Can Activate: Once any one lender approves and signs, the master commitment becomes Active. You don't need all lenders to approve.
• Sub-Facility Assignment: For multiple-branch facilities, you only see and approve the sub-master commitment assigned to you, not the main facility.
• Approval Is Binding: Your approval represents a commitment to participate in the facility according to the specified terms.
What Happens Next
After Approval:
• Master commitment status changes to Active
• Facility moves to your Credit Facility section
• Facility agent can proceed with deal modelling
After Deal Modelling:
• Borrower can map loans to the facility
• Borrower can create funding requests
• You receive funding notices when drawdowns are approved
Funding Notice Review:
• When funding notices are ready for your review, they appear in your Credit Facility section
• You review the drawdown details
• You transfer funds and confirm settlement