Common use of Availability of Facility Clause in Contracts

Availability of Facility. The Trustee may make a Drawing on any Distribution Date during the Availability Period provided that: (a) (Receipt of Drawdown Notice): the Standby Redraw Facility Provider has received not later than 11.00 am on the Business Day which is not less than 2 Business Days before the proposed Drawdown Date (or such later time as the Standby Redraw Facility Provider may agree), a duly completed Drawdown Notice; and (b) (Conditions precedent): the requirements of clause 3 have been satisfied or waived in writing by the Standby Redraw Facility Provider before the Drawdown Notice is given.

Availability of Facility. The Trustee may make a Drawing on any Distribution Date during the Availability Period provided that: (a) (Receipt of Drawdown NoticeRECEIPT OF DRAWDOWN NOTICE): the Standby Redraw Facility Provider has received not later than 11.00 am on the Business Day which is not less than 2 Business Days before the proposed Drawdown Date (or such later time as the Standby Redraw Facility Provider may agree), a duly completed Drawdown Notice; and (b) (Conditions precedentCONDITIONS PRECEDENT): the requirements of clause 3 have been satisfied or waived in writing by the Standby Redraw Facility Provider before the Drawdown Notice is given.

Availability of Facility. The Trustee may make a Drawing on any Quarterly Distribution Date during the Availability Period provided that: (a) (Receipt of Drawdown NoticeRECEIPT OF DRAWDOWN NOTICE): the Standby Redraw Facility Provider has received not later than 11.00 am on the Business Day which is not less than 2 Business Days before the proposed Drawdown Date (or such later time as the Standby Redraw Facility Provider may agree), a duly completed Drawdown Notice; and (b) (Conditions precedentCONDITIONS PRECEDENT): the requirements of clause 3 have been satisfied or waived in writing by the Standby Redraw Facility Provider before the Drawdown Notice is given.

Availability of Facility. The Trustee may make a Drawing on any Monthly Distribution Date during the Availability Period provided that: (a) (Receipt of Drawdown NoticeRECEIPT OF DRAWDOWN NOTICE): the Standby Redraw Facility Provider has received not later than 11.00 am on the Business Day which is not less than 2 Business Days before the proposed Drawdown Date (or such later time as the Standby Redraw Facility Provider may agree), a duly completed Drawdown Notice; and (b) (Conditions precedentCONDITIONS PRECEDENT): the requirements of clause 3 have been satisfied or waived in writing by the Standby Redraw Facility Provider before the Drawdown Notice is given.