Lender Approval and Rejection
How lenders approve or reject master commitments in credit facilities
Overview
This guide explains how lenders approve or reject master commitments in the creditfacility module. After the facility agent creates and configures a facility, lendersreview and either approve or reject their participation.
Who Can Use This
• Lenders who have been added to a master commitment by the facility agent
When This Is Used
Use this process when:
• A facility agent has created a master commitment
• You have been added as a lender to the facility
• You need to review and decide on your participation
Prerequisites
Before you can approve or reject:
1. A term sheet has been approved
2. Master commitment has been auto-created
3. Facility agent has configured the facility and added you as a lender
4. Facility agent has clicked Create Facility
Step-by-Step Process
Step 1: Access the Master Commitment
1. Navigate to Oppurtunities
• Log in with your Lender credentials
• From the left expandable menu, click on Oppurtunities
• Find the master commitment pending your review
2. Review Facility Details
• Review the facility terms and conditions
• Check your allocated commitment amount
• Review the borrower information
Lender Approval - Master Commitment
Step 2: Make Your Decision
To Approve
1. Click Review & Approve
• Review all facility details
• Ensure terms are acceptable
2. E-Sign via Adobe Sign
• Adobe Sign popup opens
• Complete the electronic signature
• Your approval is recorded
3. Facility Becomes Active
• Once any lender approves, the master commitment becomes Active
• The facility is now operational
To Reject
1. Click Reject (if available)
• Provide a reason for rejection
• Your rejection is recorded
2. What Happens After Rejection
• Facility agent is notified
• Facility agent may need to find alternative lenders
• You are removed from this facility
Approval Flow
Term Sheet Accepted
↓
Master Commitment Auto-Created (Draft)
↓
FA Configures Facility → Adds Lenders → Create Facility
↓
Master Commitment Status: PendingLenderApproval
↓
Lender Reviews → Approve (E-Sign) or Reject
↓
Any Lender Approves → Master Commitment becomes Active
What Lenders See
In Credit Facility Section
• Master commitments pending your approval
• Facility details and terms
• Your allocated commitment amount
Actions Available
Action | Description |
Review & Approve | Accept the facility and e-sign |
Reject | Decline participation |
Rules & Validations
• E-Sign Required : Approval requires e-signature via Adobe Sign
• One Approval Activates : The master commitment becomes Active when anylender approves
• Review Before Signing : Carefully review all terms before e-signing
• Rejection Is Final : Once rejected, you cannot reverse the decision
What Happens Next
After Approval:
• Master commitment becomes Active
• Facility agent can complete deal modelling
• Borrower can map loans and raise funding requests
• You will receive funding notices for settlement
After Rejection:
• Facility agent is notified
• You are removed from the facility
• No further actions required from you
Key Points
Review Carefully - Understand all facility terms before approving.
E-Sign Commitment - Your e-signature is legally binding.
Any Lender Activates - The facility becomes active when any lender approves, not all.
Ongoing Participation - After approval, you'll participate in funding notices andsettlements.
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