PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Shortfall has occurred in respect of the Collection Period just ended the Manager must: (a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing on the next Monthly Distribution Date; and (b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
Appears in 4 contracts
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Medallion Trust Series 2007-1g), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Shortfall has occurred in respect of the Collection Period just ended the Manager must:
(a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing on the next Monthly Distribution Date; and
(b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
Appears in 2 contracts
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Redraw Shortfall has occurred in respect of the Collection Period just ended the Manager must:
(a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing an Advance on the next Monthly Distribution Date; and
(b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
Appears in 2 contracts
Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD), Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Redraw Shortfall has occurred in respect of the Collection Period just ended the Manager must:
(a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing an Advance on the next Monthly Quarterly Distribution Date; and
(b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
Appears in 2 contracts
Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD), Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Redraw Shortfall has occurred in respect of the Collection Period just ended the Manager must:
(a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing an Advance on the next Monthly Distribution Date; and
(b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
Appears in 1 contract
Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)
