Common use of REDRAW ADVANCE Clause in Contracts

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 10 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, must sign and return the Drawdown Notice to the Manager by no later than 2.00 2 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 10am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 2pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement REDRAW FACILITY AGREEMENT [Allens Xxxxxx Xxxxxxxx LOGO] --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at on any time during Determination Date the Term the Trust Manager determines that there is a Redraw ShortfallShortfall in relation to the Collection Period ending immediately prior to that Determination Date the Trust Manager must, and the Manager may Trustee shall (subject to this agreement and the Series Notice), direct the Trustee to request a Redraw Advance by giving to the Trustee Redraw Facility Provider a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determinedNotice. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and; (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no ; and (iv) given not later than 2.00 pm 11.00 am (Sydney time) on the Business Day Remittance Date following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Providerthat Collection Period. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the -------------------------------------------------------------------------------- Page 4 XXXXX XXXXX & XXXXXXX -------------------------------------------------------------------------------- SERIES 1999-1G WST TRUST REDRAW FACILITY AGREEMENT repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Redraw Facility Agreement (Westpac Securitisation Management Pty LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 10 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, must sign and return the Drawdown Notice to the Manager by no later than 2.00 2 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider.. REDRAW FACILITY AGREEMENT XXXXX XXXXX & XXXXXXX -------------------------------------------------------------------------------- (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 10am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 2pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider.. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx logo] -------------------------------------------------------------------------------- (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if:: Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx -------------------------------------------------------------------------------- (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; andand Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] -------------------------------------------------------------------------------- (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement [Allens Xxxxxx Xxxxxxxx LOGO] --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 10 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, must sign and return the Drawdown Notice to the Manager by no later than 2.00 2 pm on the Business Day following the -------------------------------------------------------------------------------- Page 5 REDRAW FACILITY AGREEMENT XXXXX XXXXX & XXXXXXX -------------------------------------------------------------------------------- Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 10am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 2pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, sign and return the Drawdown Notice to the Manager by no later than 2.00 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if:: Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx + -------------------------------------------------------------------------------- (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 10 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined. (b) A Drawdown Notice must be: (i) in writing; (ii) in or substantially in the form of Annexure A; and (iii) signed by the Trustee. The Trustee must, at the direction of the Manager, must sign and return the Drawdown Notice to the Manager by no later than 2.00 2 pm on the Business Day following the Determination Date on which the Redraw Shortfall is determined for delivery to the Redraw Facility Provider. (c) The amount requested in a Drawdown Notice must be the lesser of: (i) the relevant Redraw Shortfall; and (ii) the Available Redraw Amount at that time (but assuming the repayment of all Redraw Advances due to be repaid on or before the relevant Drawdown Date). (d) A Drawdown Notice may specify that the Drawdown Date is to be the same date as the Drawdown Notice only if: (i) the Drawdown Notice is given to the Redraw Facility Provider in accordance with this agreement before 10.00 10am on that date; and (ii) the Redraw Advance is payable no earlier than 2.00 2pm on that date. Redraw Facility Agreement Allens Xxxxxx Xxxxxxxx [ALLENS XXXXXX XXXXXXXX LOGO] --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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