Common use of REDRAWING AMOUNTS Clause in Contracts

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 officer of any one of you may request a redraw of any amount available for redraw. If we allow the redraw we need not consult any other of you. 10.11 You cannot redraw the amount of any reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.

REDRAWING AMOUNTS. 10.1 This clause 4 only applies to whenever your facility has a variable business term loan. This clause does not apply to a fixed business term loaninterest rate. 10.2 Subject to clause 10.1 of this Part B, if 4.1 If you have repaid prepaid amounts early under this facility agreement (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 repaymentsstandard repayment), you may ask us to allow you to redraw any amount repaid earlyprepaid. Any If we consent, any amount redrawn becomes part of the balance owing on your facility accountowing. 10.3 4.2 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 standard repayments on time and as required by this facility. If for whatever reason time. 4.3 We may elect not to let you redraw money if: (i) you have repaid the total amount owing in full; or (ii) the amount you want to redraw exceeds is less than the minimum redraw amount we determine from time to time; or (iii) we have released any of the securities or any security is otherwise not in full force and effect; or (iv) we have consented to another security interest over any of the secured property; or (v) you are in default. If you want to redraw an amount under this amountclause, you must repay the balance immediately. 10.4 You may request a redraw by providing tell us with a request notice in writing at least 5 clear 3 business days before the day you require the want to redraw amount. 10.5 Redrawn money will only be made available to you by deposit into your nominated account. 10.6 You it. We may only redraw an amount in accordance with this clause impose additional reasonable conditions 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 (and you declare must comply with these things conditions). 4.4 We may review, suspend or cancel access to be trueredraw at any time without prior notice to you. IfHowever, for whatever reason, we will give you notice after we do not meet the redraw criteria and so. 4.5 You may pay a redraw is made, fee if 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 officer of any one of you may request a redraw of any amount available for redraw. If we allow a fee applies, it will be described in the redraw we need not consult any other letter of youoffer and be payable on the day you redraw. 10.11 You cannot redraw the amount of any reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.

REDRAWING AMOUNTS. 10.1 11.1 This clause 11 only applies to amounts repaid early under a variable business term loan. This clause does not apply to a fixed business term market rate loan or an interest capitalisedvariable market rate loan. 10.2 11.2 Subject to clause 10.1 11.1 of this Part BD, 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 repaymentsan unscheduled payment), 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. The annual percentage rate applying to the redraw will be the annual percentage rate applying to the interest period current at the time of the redraw. 10.3 11.3 You may only ask to redraw up to the amount which that 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 facilityfacility limit or reduced facility limit. If for whatever reason the amount you redraw exceeds this amount, you must repay the balance excess immediately. 10.4 11.4 You may only ask to redraw on a date that coincides with the start of an interest period. You must provide us with a request notice at least 5 business days before you require the redraw amount. 11.5 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 the redraw theredraw amount. 10.5 11.6 Redrawn money will only be made available to you by deposit into your nominated account. 10.6 11.7 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 representationby 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 interestsover 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 beendiminished in value; and g. the term of the facility has not expired. 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 immediatelyrepay the redraw. 10.7 11.8 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 ChargesBOQS Fee Schedule for Commercial Contracts. 10.8 11.9 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 branchcontacting us. 10.9 We 11.10 If a change of credit occurs or where it is otherwise reasonably necessary to protect our legitimate business interests, we can end your rights to redraw under thisthis facility. We do not have to tell you first, however, we will tell you as soon as reasonably possible afterwards. 10.10 11.11 If there is more than one of you, then any of you or an authorised officer of any one of you may request a redraw of any amount available for redraw. If we allow the redraw we need not consult any other of you. 10.11 You cannot redraw the amount of any reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.

REDRAWING AMOUNTS. 10.1 11.1 This clause 11 only applies to amounts repaid early under a variable business term loan. This clause does not apply to a fixed business term commercial rate loan or an interest capitalised variable commercial rate loan. 10.2 11.2 Subject to clause 10.1 11.1 of this Part BD, 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 repaymentsan unscheduled payment), 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. The annual percentage rate applying to the redraw will be the annual percentage rate applying to the interest period current at the time of the redraw. 10.3 11.3 You may only ask to redraw up to the amount which that 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 facilityfacility limit or reduced facility limit. If for whatever reason the amount you redraw exceeds this amount, you must repay the balance excess immediately. 10.4 11.4 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 11.5 Redrawn money will only be made available to you by deposit into your nominated account. 10.6 11.6 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;limit has been fully drawn; and 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.. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 46 10.7 11.7 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 11.8 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 11.9 We can end your rights to redraw under this 10.10 11.10 If there is more than one of you, then any of you or an authorised officer of any one of you may request a redraw of any amount available for redraw. If we allow the redraw we need not consult any other of you. 10.11 11.11 You cannot redraw the amount of any a reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.

REDRAWING AMOUNTS. 10.1 11.1 This clause 11 only applies to amounts repaid early under a variable business term loan. This clause does not apply to a fixed business term commercial rate loan or an interest capitalised variable commercial rate loan. 10.2 11.2 Subject to clause 10.1 11.1 of this Part BD, 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 repaymentsan unscheduled payment), 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. The annual percentage rate applying to the redraw will be the annual percentage rate applying to the interest period current at the time of the redraw. 10.3 11.3 You may only ask to redraw up to the amount which that 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 facilityfacility limit or reduced facility limit. If for whatever reason the amount you redraw exceeds this amount, you must repay the balance excess immediately. 10.4 11.4 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 11.5 Redrawn money will only be made available to you by deposit into your nominated account. 10.6 11.6 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;limit has been fully drawn; and 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.. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 45 10.7 11.7 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.Charges.‌ 10.8 11.8 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 11.9 We can end your rights to redraw under this 10.10 11.10 If there is more than one of you, then any of you or an authorised officer of any one of you may request a redraw of any amount available for redraw. If we allow the redraw we need not consult any other of you. 10.11 11.11 You cannot redraw the amount of any a reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.

REDRAWING AMOUNTS. 10.1 11.1 This clause 11 only applies to amounts repaid early under a variable business term loan. This clause does not apply to a fixed business term commercial rate loan or an interest capitalised variable commercial rate loan. 10.2 11.2 Subject to clause 10.1 11.1 of this Part BD, 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 repaymentsan unscheduled payment), 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. The annual percentage rate applying to the redraw will be the annual percentage rate applying to the interest period current at the time of the redraw. 10.3 11.3 You may only ask to redraw up to the amount which that 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 facilityfacility limit or reduced facility limit. If for whatever reason the amount you redraw exceeds this amount, you must repay the balance excess immediately. 10.4 11.4 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 11.5 Redrawn money will only be made available to you by deposit into your nominated account. 10.6 11.6 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;limit has been fully drawn; and 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 11.7 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 11.8 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 11.9 If a change of credit occurs or where it is otherwise reasonably necessary to protect our legitimate business interests, we can end your rights to redraw under thisthis facility. We do not have to tell you first, however, we will tell you as soon as reasonably possible afterwards. 10.10 11.10 If there is more than one of you, then any of you or an authorised officer of any one of you may request a redraw of any amount available for redraw. If we allow the redraw we need not consult any other of you. 10.11 11.11 You cannot redraw the amount of any a reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.

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 thisthis facility at any time and without notice to you. 10.10 If there is more than one of you, then any of you or an authorised officer of any one of you may request a redraw of any amount available for redraw. If we allow the redraw we need not consult any other of you. 10.11 You cannot redraw the amount of any reduction or special reduction. However, you can use amounts available for redraw to pay a reduction or special reduction in full or part. To do this you must provide us with a request notice in accordance with clause 10.4 of this Part B, within 5 business days to enable the redraw to be deposited into your facility account on or before the reduction date or special reduction date.