Common use of PRINCIPAL CHARGEOFFS Clause in Contracts

PRINCIPAL CHARGEOFFS. A Principal Chargeoff in relation to the Standby Redraw Facility Principal pursuant to clause 9.1 of the Series Supplement reduces the amount of the Standby Redraw Facility Principal immediately prior to such Principal Chargeoff by the amount of the Principal Chargeoff with effect from the Distribution Date following the Determination Date upon which the Principal Chargeoff was determined.

Appears in 2 contracts

Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD), Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)

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PRINCIPAL CHARGEOFFS. A Principal Chargeoff Xxxxxxxxx in relation to the Standby Redraw Facility Principal pursuant to clause 9.1 of the Series Supplement reduces the amount of the Standby Redraw Facility Principal immediately prior to such Principal Chargeoff by the amount of the Principal Chargeoff with effect from the Distribution Date following the Determination Date upon which the Principal Chargeoff Xxxxxxxxx was determined.

Appears in 2 contracts

Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD), Standby Redraw Facility Agreement (Securitisation Adv Serv Medallion Trust Series 2004-1g)

PRINCIPAL CHARGEOFFS. A Principal Chargeoff in relation to the Standby Redraw Facility Principal pursuant to clause 9.1 of the Series Supplement reduces the amount of the Standby Redraw Facility Principal immediately prior to such Principal Chargeoff by the amount of the Principal Chargeoff with effect from the Quarterly Distribution Date following the Determination Date upon which the Principal Chargeoff was determined.

Appears in 1 contract

Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)

PRINCIPAL CHARGEOFFS. A Principal Chargeoff Xxxxxxxxx in relation to the Standby Redraw Facility Principal pursuant to clause 9.1 of the Series Supplement reduces the amount of the Standby Redraw Facility Principal immediately prior to such Principal Chargeoff by the amount of the Principal Chargeoff with effect from the Monthly Distribution Date following the Determination Date upon which the Principal Chargeoff was determined.

Appears in 1 contract

Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)

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PRINCIPAL CHARGEOFFS. A Principal Chargeoff Xxxxxxxxx in relation to the Standby Redraw Facility Principal pursuant to clause 9.1 of the Series Supplement reduces the amount of the Standby Redraw Facility Principal immediately prior to such Principal Chargeoff by the amount of the Principal Chargeoff with effect from the Quarterly Distribution Date following the Determination Date upon which the Principal Chargeoff Xxxxxxxxx was determined.

Appears in 1 contract

Samples: Standby Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)

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