Common use of Availability of Facility Clause in Contracts

Availability of Facility. Subject to clause 4.5, during the Availability Period the Redraw Facility Provider must make an Advance on the Drawdown Date of the requested Advance provided that: (a) (RECEIPT OF DRAWDOWN NOTICE): the Redraw Facility Provider has received a duly signed and completed Drawdown Notice by the time specified in clause 4.1(b); and (b) (CONDITIONS PRECEDENT): the requirements of clause 3 have been satisfied or waived in writing by the Redraw Facility Provider before the Drawdown Notice is given.

Availability of Facility. Subject to clause [4.5], during the Availability Period the Redraw Facility Provider must make an Advance on the Drawdown Date of the requested Advance provided that: (a) (RECEIPT OF DRAWDOWN NOTICE): the Redraw Facility Provider has received a duly signed and completed Drawdown Notice by the time specified in clause [4.1(b)]; and (b) (CONDITIONS PRECEDENT): the requirements of clause 3 [3] have been satisfied or waived in writing by the Redraw Facility Provider before the Drawdown Notice is given.