Common use of MAKING OF REDRAW ADVANCES Clause in Contracts

MAKING OF REDRAW ADVANCES. (a) Subject to the terms of this agreement, a Redraw Advance requested in a Drawdown Notice shall be made available by the Redraw Facility Provider paying the proceeds of that Redraw Advance to the Approved Seller. (b) The Redraw Facility Provider is not obliged to provide a Redraw Advance if as a result the aggregate of Redraw Principal Outstanding and the Carryover Redraw Charge Offs would exceed the Redraw Limit.

MAKING OF REDRAW ADVANCES. (a) Subject to the terms of this agreement, a Redraw Advance requested in a Drawdown Notice shall be made available by the Redraw Facility Provider paying the proceeds of that Redraw Advance to the Approved Seller. (b) The Redraw Facility Provider is not obliged to provide a Redraw Advance if as a result the aggregate of Redraw Principal Outstanding and the Carryover Redraw Charge Offs would exceed the Redraw Limit.

MAKING OF REDRAW ADVANCES. (a) Subject to the terms of this agreement, a Redraw Advance requested in a Drawdown Notice shall be made available by the Redraw Facility Provider paying the proceeds of that Redraw Advance to the Approved SellerWestpac. (b) The Redraw Facility Provider is not obliged to provide a Redraw Advance if as a result to the extent that the aggregate of Redraw Principal Outstanding and the Carryover Redraw Charge Offs would exceed the Redraw Limit.