Redraw definition

Redraw means the Seller's re-advance to a Debtor of repayments of principal made by that Debtor on its Housing Loan in accordance with the terms of the relevant Loan Agreement.
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Redraw means in respect of a Mortgage, a Payment Holiday or a redraw by the relevant Borrower of a portion of the principal of his/her Mortgage if and to the extent that such Borrower has previously made Prepayments on his/her Mortgage in excess of the scheduled principal repayments and has not previously redrawn the whole of such excess payments and provided that the amount of such Redraw is limited to ensure that the outstanding balance of the Mortgage after such Redraw is no greater than the Borrower Loan Limit.
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Redraw. Any amounts repaid or prepaid may not be redrawn. Existing Facilities Commercial Credit Card Facility Borrower: SCFIS Limited Purpose: Business Credit Cards Facility Limit: $30,000.00 Card Type: ANZ Business Preferred MasterCard Condition Precedent: You are only entitled to use the facility if we agree with the terms of your commercial credit card application and if you execute all documents required by us. Issue of the credit card is subject to the Bank’s standard terms and conditions applicable to the card.
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Examples of Redraw in a sentence

  • Those repayments will be applied against Redraw Advances in chronological order of their Drawdown Dates.

  • The Redraw Limit shall be reduced by the amount of that cancellation on that notice.

  • It will provide copies promptly to the Redraw Facility Provider when they are obtained or renewed.

  • The Issuer may apply the proceeds of the issue of any Redraw Notes after the Closing Date towards funding Redraws as described in Section 5.8 (“Redraws and Further Advances”).

  • The Trustee shall have no recourse to the Redraw Facility Provider in relation to this agreement beyond its terms, and the Redraw Facility Provider's obligations under this agreement are separate from, and independent to, any obligations the Redraw Facility Provider may have to the Trustee for any other reason (including under any other Trust Document).

  • The Trustee irrevocably authorises the Redraw Facility Provider to rely on a certificate by persons purporting to be its directors and/or secretaries as to the identity and signatures of its Authorised Signatories.

  • This clause survives the repayment of any relevant Redraw Advance and the termination of this agreement.

  • At the close of business (Sydney time) on the last day of the Term the Redraw Limit will be cancelled.

  • The accounts kept by the Redraw Facility Provider constitute sufficient evidence, unless proven wrong, of the amount at any time due from the Trustee under this agreement.

  • Without limitation, the Redraw Facility Provider has no obligation under this agreement to provide financial accommodation to the Trustee as trustee of any other such Trust.


More Definitions of Redraw

Redraw. ’ means ¡n respect of a Mortgage, a Payment HoI¡day or a redraw by the reIevant Borrower of a port¡on of the pr¡nc¡paI of h¡s/her Mortgage ¡f and to the extent that such Borrower has prev¡ousIy made Prepayments on h¡s/her Mortgage ¡n excess of the scheduIed pr¡nc¡paI repayments and has not prev¡ousIy redrawn the whoIe of such excess payments and prov¡ded that the amounts of such Redraw ¡s I¡m¡ted to ensure that the outstand¡ng baIance of the Mortgage after such Redraw ¡s no greater than the Borrower Loan L¡m¡t;
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Redraw has the meaning provided in Clause 4.3(a) (Redraw).
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Redraw means Redraw Limited is a wholly owned subsidiary of Virizion LLC
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Related to Redraw

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.

  • Loan repayment means the cancellation and repayment of loans

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Waivable Mandatory Prepayment shall have the meaning assigned to such term in Section 2.11(e).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • Equipment Advance is defined in Section 2.1.1.

  • Drawdown means a drawdown of a Facility.

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Bullet means a geometric symbol that precedes each statement in a list of statements. For purposes of this sec- tion, the bullet style is limited to solid squares or solid circles, in the format set forth in paragraph (d)(4) of this sec- tion.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Impacted Loans has the meaning specified in Section 3.03.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Hardened Password means a string of at least eight characters containing at least three of the following four character classes: Uppercase alphabetic, lowercase alphabetic, numeral, and special characters such as an asterisk, ampersand, or exclamation point.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.