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. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] -------------------------------------------------------------------------------- (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)(iv)(D) of the Supplementary Terms Notice.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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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:: Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx -------------------------------------------------------------------------------- (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. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] --------------------------------------------------------------------------------. (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)(iv)(D) of the Supplementary Terms Notice.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] -------------------------------------------------------------------------------- (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)(iv)(D) of the Supplementary Terms Notice.5.2(a)(ii)(C)

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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. Redraw Facility Agreement REDRAW FACILITY AGREEMENT [Allens Xxxxxx Xxxxxxxx LOGO] -------------------------------------------------------------------------------- (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)(iv)(D5.2(a)(ii)(C) of the Supplementary Terms Notice.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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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. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] --------------------------------------------------------------------------------. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates.. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx -------------------------------------------------------------------------------- (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(iv)(D5.2(a)(ii)(C) of the Supplementary Terms Notice.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] --------------------------------------------------------------------------------. (c) Repayments under paragraph (b) will be applied against Redraw Advances in chronological order of their Drawdown Dates.. Redraw Facility Agreement [ALLENS XXXXXX XXXXXXXX LOGO] -------------------------------------------------------------------------------- (d) This clause does not affect the Redraw Facility Provider's rights under clause 13 of this agreement or under clause 5.2(a)(iv)(D5.2(a)(ii)(C) of the Supplementary Terms Notice.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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