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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. ’ 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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Examples of Redraw in a sentence

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

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

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

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

  • 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.

  • Except where expressly stated the Redraw Facility Provider may give or withhold, or give conditionally, approvals and consents, may be satisfied or unsatisfied, may form opinions, and may exercise its rights, powers and remedies, at its absolute discretion.

  • 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.

  • There was continued discussion as to the process by which the County reimburses travel expenses, and possible conflicts caused by this change in AOC policy.


More Definitions of Redraw

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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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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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 as defined in Section 2.15(c).

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

  • Mandatory or “(M)” shall mean the Vendor must comply with the requirement, and the Response will be evaluated on a pass/fail basis.

  • 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 Facility Repayment Date.

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

  • Equipment Advance has the meaning set forth in Section 2.1.2.

  • Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

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

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Downgrade Advance means an Advance made pursuant to Section 2.02(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.

  • 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, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

Most Referenced Clauses

Most Referenced Definitions