Common use of ROLLOVER TERM RENEWAL Clause in Contracts

ROLLOVER TERM RENEWAL. If the Rollover Term will expire before the Final Repayment Date, then not later than 90 days before the expiry of the Rollover Term, the Redraw Facility Provider will notify the Trustee as to whether it will or will not renew the Redraw Facility for 364 days (unless the Final Repayment Date falls before the end of those 364 days, in which case the renewal will apply up until the Final Repayment Date) commencing on the date the notice of renewal is given. If the Redraw Facility Provider fails to provide such notice, it will be deemed NOT to have renewed the Redraw Facility.

Appears in 9 contracts

Samples: Redraw Facility Agreement (Crusade Management LTD), Redraw Facility Agreement (Crusade Management LTD), Redraw Facility Agreement (Crusade Management LTD)

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ROLLOVER TERM RENEWAL. If the Rollover Term will expire before the Final Repayment Date, then not later than 90 days before the expiry of the Rollover Term, the Redraw Facility Provider will notify the Trustee as to whether it will or will not renew the Redraw Facility for 364 days (unless the Final Repayment Date falls before the end of those 364 days, in which case the renewal will apply up until the Final Repayment Date) commencing on the date the notice of renewal is given. If the Redraw Facility Provider fails to provide such notice, it will be deemed NOT not to have renewed the Redraw Facility.

Appears in 1 contract

Samples: Redraw Facility Agreement (Crusade Management LTD)

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