Common use of Date of Drawdown Clause in Contracts

Date of Drawdown. You must draw down the full amount of your loan on or before the drawdown date specified in your Letter of Offer, unless your loan is a progressively drawn loan or as otherwise agreed by ANZ in writing. If the loan is not drawn down on or before this date (or any extension of it agreed by ANZ), the contract will end and ANZ will not be obliged to provide the loan to you.

Date of Drawdown. You must draw down the full amount of your loan on or before the drawdown date specified in your Letter of Offer, unless your loan is a progressively drawn progressive drawdown loan or as otherwise agreed by ANZ in writing. If the loan is Date of Drawdown does not drawn down occur on or before this date (or any agreed extension of it agreed by ANZit), the contract will end and ANZ will not be obliged to provide advance the loan to youloan.