Common use of Requirements of Drawdown Notices Clause in Contracts

Requirements of Drawdown Notices. A Drawdown Notice must: (a) (FORM): be in the form of the Schedule (or in such other form as from time to time agreed amongst the Standby Redraw Facility Provider, the Manager and the Trustee); (b) (AUTHORISED OFFICER): be signed by an Authorised Officer of the Trustee; (c) (SPECIFY DRAWDOWN DATE): specify the proposed Drawdown Date for the requested Advance which must be the next Distribution Date; (d) (IRREVOCABLE): be irrevocable; (e) (REDRAW AMOUNT): specify the Redraw Amount; and (f) (CALCULATION): provide details of the calculation of the Redraw Amount.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Requirements of Drawdown Notices. A Drawdown Notice must: (a) (FORM): be in the form of the Schedule (or in such other form as from time to time agreed amongst the Standby Redraw Facility Provider, the Manager and the Trustee); (b) (AUTHORISED OFFICER): be signed by an Authorised Officer of the Trustee; (c) (SPECIFY DRAWDOWN DATE): specify the proposed Drawdown Date for the requested Advance which must be the next Quarterly Distribution Date; (d) (IRREVOCABLE): be irrevocable; (e) (REDRAW AMOUNT): specify the Redraw Amount; and (f) (CALCULATION): provide details of the calculation of the Redraw Amount.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Requirements of Drawdown Notices. A Drawdown Notice must: (a) (FORM): be in the form of the Schedule (or in such other form as from time to time agreed amongst the Standby Redraw Facility Provider, the Manager and the Trustee); (b) (AUTHORISED OFFICER): be signed by an Authorised Officer of the Trustee; (c) (SPECIFY DRAWDOWN DATE): specify the proposed Drawdown Date for the requested Advance which must be the next Monthly Distribution Date; (d) (IRREVOCABLE): be irrevocable; (e) (REDRAW AMOUNT): specify the Redraw Amount; and (f) (CALCULATION): provide details of the calculation of the Redraw Amount.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!