REDRAW FACILITY definition

REDRAW FACILITY means the redraw facility provided by the Redraw Facility Provider under this agreement.

REDRAW FACILITY means the facility granted pursuant to this agreement.

REDRAW FACILITY means a facility contained in a loan or other form of financial accommodation the repayment of which is secured by a mortgage granted or transferred to the Issuer, which allows the mortgagor under that mortgage to redraw amounts prepaid under that loan; REFERENCE BANK means any one of Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank Limited and Australia and New Zealand Banking Group Limited; REGISTER means the register of Note Holders maintained by the Issuer;

Examples of REDRAW FACILITY in a sentence

• It is not an event of default if the Trustee does not have funds available to repay the full amount of the principal outstanding under the Redraw Facility on a Distribution Date.

• Drawings under the Redraw Facility will be subject to certain conditions precedent.

• The term of the Redraw Facility is 364 days and may be renewed at the option of the Redraw Facility Provider if it receives a request for extension from the Manager 60 days prior to the scheduled termination of the Redraw Facility.

• As noted in Section 10.2, qualifying borrowers may apply to redraw amounts by which the actual outstanding principal balance under a Mortgage Loan is less than the scheduled principal balance (otherwise known as a Loan Redraw Facility).

• The term of the Redraw Facility is 364 days and may be renewed at the option of the Redraw Facility Provider if it receives a request for extension from the Manager not less than 60 days prior to the scheduled termination of the Redraw Facility.

More Definitions of REDRAW FACILITY

REDRAW FACILITY means a facility contained in a loan or other form of financial accommodation the repayment of which is secured by a mortgage granted or transferred to the Issuer, which allows the mortgagor under that mortgage to redraw amounts prepaid under that loan;

REDRAW FACILITY means, the facility (if any), under which we may allow you to redraw the funds you have repaid on the Loan. Regulatory Compliance means the requirements for us to comply with all applicable Laws, including those relating to consumer credit, money laundering, terrorist financing, bribery, corruption, tax evasion, fraud or similar, and manage all economic and trade sanction risks.

REDRAW FACILITY means the sterling revolving credit facility made between the Issuer and the Redraw Facility Provider.

REDRAW FACILITY means the redraw facility described in clause 11;

REDRAW FACILITY means, the facility (if any), under which we may allow you to redraw the funds you have repaid on the Loan. Regulatory Compliance means the requirements for us to comply with all applicable Laws, including those relating to money laundering, terrorist financing, bribery, corruption, tax evasion, fraud or similar, and manage all economic and trade sanction risks. Security Property means the property secured by the Mortgage and described in the Commercial Terms, including the land, buildings and all improvements (including any dwelling). Total Amount Owing means, at any time, the Principal Amount Owing, plus all accrued but unpaid and uncapitalised interest, fees and charges, and all other amounts owing under this Agreement. you means each Borrower named in the General Terms (including the Nominated Borrowers).

REDRAW FACILITY means a facility contained in a loan or other form of financial accommodation the repayment of which is secured by a mortgage granted or transferred to the Issuer, which allows the mortgagor under that mortgage to redraw amounts prepaid under that loan; -------------------------------------------------------------------------------- page 4 Redraw Funding Facility Agreement - SMHL Global Fund No. 6

REDRAW FACILITY means, in respect of a Trust, the facility provided in respect of that Trust by the Redraw Facility Provider of that Trust under the Redraw Facility Agreement for that Trust.