Payment of Drawing. After receipt of a Drawdown Notice: (a) (Deposit to Collections Account): other than during a Cash Advance Deposit Period, the amount of a Drawing requested in a Drawdown Notice will be deposited by the Liquidity Facility Provider in the Collections Account in immediately available funds no later than 10.00 am on the Drawdown Date; and (b) (Satisfied from Cash Advance Deposit): during a Cash Advance Deposit Period, the amount of a Drawing requested in a Drawdown Notice will be satisfied from the Cash Advance Deposit in accordance with clause 7.
Appears in 3 contracts
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Adv Serv Medallion Trust Series 2004-1g), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD 2000 Med Trust)
Payment of Drawing. After receipt of a Drawdown Notice:
(a) (Deposit to Collections Account): other than during a Cash Advance Deposit Period, the amount of a Drawing requested in a Drawdown Notice will be deposited by the Liquidity Facility Provider in the Collections Account in immediately available funds no later than 10.00 am on the Drawdown Date; and
(b) (Satisfied from Cash Advance Deposit): during a Cash Advance Deposit Period, the amount of a Drawing requested in a Drawdown Notice will be satisfied from the Cash Advance Deposit in accordance with clause 7.. --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
