Common use of PAYMENT ON PAYMENT DATE Clause in Contracts

PAYMENT ON PAYMENT DATE. Any payments to be made by the Borrower pursuant to this clause 17 will only be made on the Payment Date following demand by the Redraw Facility Provider and on each succeeding Payment Date until the Redraw Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Redraw Facility Provider as is available for this purpose in accordance with the Sub-Fund Notice. -------------------------------------------------------------------------------- 18. MISCELLANEOUS

PAYMENT ON PAYMENT DATE. Any payments to be made by the Borrower pursuant to this clause 17 [17] will only be made on the Payment Date following demand by the Redraw Facility Provider and on each succeeding Payment Date until the Redraw Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Redraw Facility Provider as is available for this purpose in accordance with the Sub-Fund Notice. -------------------------------------------------------------------------------- 18. MISCELLANEOUS