Common use of CANCELLATION BY REDRAW FACILITY PROVIDER Clause in Contracts

CANCELLATION BY REDRAW FACILITY PROVIDER. (a) The Redraw Facility Provider may cancel all or part of the Redraw Limit during the Term immediately on giving notice to the Trustee and the Manager. The Redraw Limit shall be reduced by the amount of that cancellation on that notice. (b) On each Payment Date following that cancellation, the Trustee shall pay to the Redraw Facility Provider the lesser of: (i) an amount equal to the Redraw Principal Outstanding at that Payment Date less the Redraw Limit at that Payment Date (if positive); and (ii) any amount available for distribution to the Redraw Facility Provider under clauses 5.1(c)(iv) and 5.4(c)(iv) of the Supplementary Terms Notice. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates. (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(ii)(C) of the Supplementary Terms Notice.

CANCELLATION BY REDRAW FACILITY PROVIDER. (a) The Redraw Facility Provider may cancel all or part of the Redraw Limit during the Term immediately on giving notice to the Trustee and the Trust Manager. The Redraw Limit shall be reduced by the amount of that cancellation on that notice. (b) On each Payment Date following that cancellation, the Trustee shall pay to the Redraw Facility Provider the lesser of: (i) an amount equal to the Redraw Principal Outstanding at that Payment Date less the Redraw Limit at that Payment Date (if positive); and (ii) any amount available for distribution to the Redraw Facility Provider under clauses 5.1(c)(iv6.10(a)(v) and 5.4(c)(iv6.13(a)(ii) of the Supplementary Terms Series Notice. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates. (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(ii)(C6.11(a)(ii)(D) of the Supplementary Terms Series Notice.

CANCELLATION BY REDRAW FACILITY PROVIDER. (a) The Redraw Facility Provider may cancel all or part of the Redraw Limit during the Term immediately on giving notice to the Trustee and the Manager. The Redraw Limit shall be reduced by the amount of that cancellation on that notice. (b) On each Payment Date following that cancellation, the Trustee shall pay to the Redraw Facility Provider the lesser of: (i) an amount equal to the Redraw Principal Outstanding at that Payment Date less the Redraw Limit at that Payment Date (if positive); and (ii) any amount available for distribution to the Redraw Facility Provider under clauses 5.1(c)(iv) and 5.4(c)(iv) of the Supplementary Terms Notice. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates. (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(ii)(C5.2(a)(iv)(D) of the Supplementary Terms Notice.

CANCELLATION BY REDRAW FACILITY PROVIDER. (a) The Redraw Facility Provider may cancel all or part of the Redraw Limit during the Term immediately on giving notice to the Trustee and the Manager. The Redraw Limit shall be reduced by the amount of that cancellation on that notice. (b) On each Payment Date following that cancellation, the Trustee shall pay to the Redraw Facility Provider the lesser of: (i) an amount equal to the Redraw Principal Outstanding at that Payment Date less the Redraw Limit at that Payment Date (if positive); and (ii) any amount available for distribution to the Redraw Facility Provider under clauses 5.1(c)(iv) and 5.4(c)(iv5.4(a)(iv) of the Supplementary Terms Notice. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates. (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(ii)(C) of the Supplementary Terms Notice.

CANCELLATION BY REDRAW FACILITY PROVIDER. (a) The Redraw Facility Provider may cancel all or part of the Redraw Limit during the Term immediately on giving notice to the Trustee and the Manager. The Redraw Limit shall be reduced by the amount of that cancellation on that notice. (b) On each Payment Date following that cancellation, the Trustee shall pay to the Redraw Facility Provider the lesser of: (i) an amount equal to the Redraw Principal Outstanding at that Payment Date less the Redraw Limit at that Payment Date (if positive); and (ii) any amount available for distribution to the Redraw Facility Provider under clauses 5.1(c)(iv5.1(c)(v) and 5.4(c)(iv5.4(a)(v) of the Supplementary Terms Notice. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates. (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(ii)(C5.2(a)(ii)(B) of the Supplementary Terms Notice.