REDRAWING AMOUNTS Sample Clauses

REDRAWING AMOUNTS. 10.1 This clause only applies to a variable business term loan. This clause does not apply to a fixed business term loan. 10.2 Subject to clause 10.1 of this Part B, if you have repaid amounts early under this facility (for example, if you have made a one-off lump sum repayment, repayments more frequently than required or regular repayments of a greater amount than your elected repayments), you may ask us to allow you to redraw any amount repaid early. Any amount redrawn becomes part of the balance owing on your facility account. 10.3 You may only ask to redraw up to the amount which results in the balance owing on your facility account being not more than the amount which would be owing if you had paid all of your elected repayments on time and as required by this facility. If for whatever reason the amount you redraw exceeds this amount, you must repay the balance immediately. 10.4 You may request a redraw by providing us with a request notice at least 5 clear business days before you require the redraw amount. 10.5 Redrawn money will only be made available to you by deposit into your nominated account. 10.6 You may only redraw an amount in accordance with this clause if you meet the following criteria: a. you have not dealt with any security without our consent; b. you are not, and any debtor/guarantor is not, in default under this facility agreement or any security; c. you are not relying on any statement or representation by us (including our employees) or our agents relating to the taxation effects of making the redraw. You should obtain your own tax advice.; d. you have not provided subsequent security interests over the security property to other parties; e. the requested redraw will not exceed the facility limit; f. any security property has not, in our opinion, been diminished in value; and g. the term of the facility has not expired. Each time you redraw an amount you declare these things to be true. If, for whatever reason, you do not meet the redraw criteria and a redraw is made, you must immediately repay upon demand the redraw. 10.7 We may impose fees and charges in connection with a redraw in accordance with this facility agreement and the Business Banking Guide to Fees and Charges. 10.8 You can find out what the minimum redraw amount is and how much you have available for redraw by calling us or asking at any branch. 10.9 We can end your rights to redraw under this 10.10 If there is more than one of you, then any of you or an authorised of...
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REDRAWING AMOUNTS reference rate the interest rate stated in the Schedule from which we derive the annual percentage rate applying to your loan. The reference rate may change from time to time. related entity has the meaning given to it in the Corporations Act. repayment the amount of the repayment as stated in the Schedule. The repayment may change from time to time in the way this agreement allows. repayment date the dates upon which repayments are due as stated in the Schedule. repayment schedule the schedule for repayment described in the Schedule. representative a person’s officer, employee, contractor or agent. sanctions laws Australian sanctions laws means: • the United Nations Security Council (UNSC) sanctions pursuant to the Charter of the United Nations Act 1945 (Cth) and its associated regulations as part of Australia’s international obligations, and • autonomous sanctions pursuant to the Autonomous Sanctions Act 2011 (Cth) and its associated regulations as part of Australia’s independent foreign policy. International sanctions laws means any applicable sanctions laws or regulations administered or enforced from time to time by the US government (including OFAC, the US State Department or any other agency of the US government), the United Nations Security Council, the European Union or Her Majesty’s Treasury or any other sanctions authority in a jurisdiction other than Australia. security any security for the payment of money or performance of obligations including a mortgage, charge, lien, pledge, trust or power or title retention arrangement and a security interest as defined in sections 12(1) or 12(2) of the PPSA. Security also includes a guarantee.
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REDRAWING AMOUNTS. 11.1 This clause only applies to a variable business term loan.This clause does not apply to a fixed business term loan. 11.2 Subject to clause 11.1 of this Part B, if you have repaid amounts early under this facility (for example, if you have made a one-off lump sum repayment, repayments more frequently than required or regular repayments of a greater amount than your elected repayments), you may ask us to allow you to redraw any amount repaid early except where clause 10.10 applies. Anyamount redrawn becomes part of the balance owing on your facility account. 11.3 You may only ask to redraw up to the amount which results in the balance owing on your facility account being not more than the amount which would be owing if you had paid all of your elected repayments on time and as requiredby this facility. If for whatever reason the amount you redraw exceeds this amount, you must repay the balance immediately. 11.4 For redraw via online banking, a maximum of $20,000 per rolling 12-month period (or such other amount as we specify in our Online Banking Terms and Conditions) will apply. Alternatively, including for other or larger amounts and differing time frames you may request a redraw by providing us with a request notice at least 5 clear business days before you require theredraw amount. 11.5 Redrawn money will only be made available to you bydeposit into your nominated account. 11.6 You may only redraw an amount in accordance with thisclause if you meet the following criteria: 103892277.1
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Related to REDRAWING AMOUNTS

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Maximum Borrowing Amounts (a) The Total Japan Local Currency Commitment, and the Japan Local Currency Commitment for each Japan Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I. (b) Upon at least five (5) Business Days prior irrevocable written notice to the Agent, the Japan Local Currency Agent and the Japan Local Currency Banks, CFKK may from time to time permanently reduce the Total Japan Local Currency Commitment under this Addendum in whole, or in part ratably among the Japan Local Currency Banks, in an aggregate minimum Dollar Amount of $10,000,000, and integral multiples of $1,000,000 in excess thereof; provided, however, that the amount of the Total Japan Local Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Japan Local Currency Advances with respect thereto. Any such reduction shall be allocated pro rata among all the Japan Local Currency Banks party to this Addendum by reference to their Japan Local Currency Commitments.

  • Minimum Borrowing Amounts Each Borrowing of Base Rate Loans and Eurodollar Loans shall be in an amount not less than (i) if such Borrowing is comprised of a Borrowing of Base Rate Loans, $1,000,000 and integral multiples of $500,000 in excess thereof, and (ii) if such Borrowing is comprised of a Borrowing of Eurodollar Loans, $2,000,000 and integral multiples of $1,000,000 in excess thereof.

  • Funding Amount “Funding Amount” means an amount not to exceed Three Hundred Thousand Dollars ($300,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.

  • Reimbursement Obligations Borrowers shall reimburse Agent for all Extraordinary Expenses. Borrowers shall also reimburse Agent for all reasonable and documented out-of-pocket and allocated internal legal, accounting, appraisal, consulting, and other fees, costs and expenses incurred by it in connection with (a) negotiation and preparation of any Loan Documents, including any amendment or other modification thereof; (b) administration of and actions relating to any Collateral, Loan Documents and transactions contemplated thereby, including any actions taken to perfect or maintain priority of Agent’s Liens on any Collateral, to maintain any insurance required hereunder or to verify Collateral; and (c) subject to the limits of Section 10.1.1(b), each inspection, audit or appraisal with respect to any Obligor or Collateral, whether prepared by Agent’s personnel or a third party. All reasonable legal, accounting and consulting fees shall be charged to Borrowers by Agent’s professionals at their full hourly rates, regardless of any reduced or alternative fee billing arrangements that Agent, any Lender or any of their Affiliates may have with such professionals with respect to this or any other transaction. If, for any reason (including inaccurate reporting on financial statements or a Compliance Certificate), it is determined that (i) a higher Applicable Margin should have applied to a period than was actually applied, then the proper margin shall be applied retroactively and Borrowers shall immediately pay to Agent, for the Pro Rata benefit of Lenders, an amount equal to the difference between the amount of interest and fees that would have accrued using the proper margin and the amount actually paid and (ii) a lower Applicable Margin should have applied to a period than was actually applied, then, neither Agent nor any Lender shall have any obligation to repay any interest or fees to Borrowers; provided, if, no Event of Default exists, the amount equal to the difference between the amount of interest and fees actually paid and the amount of interest and fees that would have accrued using the proper Applicable Margin shall be credited in a manner reasonably acceptable to Agent against interest and fees payable hereunder in the next succeeding period; provided, further, if as a result of any restatement or other event a proper calculation of the Applicable Margin would have resulted in higher pricing for one or more periods and lower pricing for one or more other periods (due to the shifting of income or expenses from one period to another period or any similar reason), then the amount payable by Borrowers pursuant to clause (i) above shall be based upon the excess, if any, of the amount of interest and fees that should have been paid for all applicable periods over the amount of interest and fees paid for all such periods. All amounts payable by Borrowers under this Section shall be due on demand.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Unpaid Reimbursement Obligation Any Reimbursement Obligation for which the applicable Borrower does not reimburse the Administrative Agent and the Lenders on the date specified in, and in accordance with, §4.

  • The Reimbursement Obligations Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall promptly notify the Borrower and the Administrative Agent thereof. Subject to Section 1.3(b) hereof, the obligation of the Borrower to reimburse the L/C Issuer for all drawings under a Letter of Credit (a “Reimbursement Obligation”) shall be governed by the Application related to such Letter of Credit, except that reimbursement shall be made by no later than 12:00 Noon (Chicago time) on the date when each drawing is to be paid if the Borrower has been informed of such drawing by the L/C Issuer on or before 11:00 a.m. (Chicago time) on the date when such drawing is to be paid or, if notice of such drawing is given to the Borrower after 11:00 a.m. (Chicago time) on the date when such drawing is to be paid, by no later than 12:00 Noon (Chicago time) on the following Business Day, in immediately available funds at the Administrative Agent’s principal office in Chicago, Illinois or such other office as the Administrative Agent may designate in writing to the Borrower (who shall thereafter cause to be distributed to the L/C Issuer such amount(s) in like funds). If the Borrower does not make any such reimbursement payment on the date due and the Participating Lenders fund their participations therein in the manner set forth in Section 1.3(e) below, then all payments thereafter received by the Administrative Agent in discharge of any of the relevant Reimbursement Obligations shall be distributed in accordance with Section 1.3(e) below.

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Payments Pro Rata (a) Except as otherwise provided in this Agreement, the Facility Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Credit Document Obligations hereunder, it shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its pro rata share of any such payment) pro rata based upon their respective shares, if any, of the Credit Document Obligations with respect to which such payment was received. (b) Other than in connection with assignments and participations (which are governed by Section 13), each of the Lenders agrees that, if it should receive any amount hereunder (whether by voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents, or otherwise), which is applicable to the payment of the principal of, or interest on, the Loans, Commitment Commission, of a sum which with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Credit Document Obligation then owed and due to such Lender bears to the total of such Credit Document Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other Lenders an interest in the Credit Document Obligations of the respective Credit Party to such Lenders in such amount as shall result in a proportional participation by all the Lenders in such amount; provided that if all or any portion of such excess amount is thereafter recovered from such Lender, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. (c) Notwithstanding anything to the contrary contained herein, the provisions of the preceding Sections 14.05(a) and (b) shall be subject to the express provisions of this Agreement which require, or permit, differing payments to be made to Non-Defaulting Lenders as opposed to Defaulting Lenders.

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