Common use of REDRAW ADVANCE Clause in Contracts

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined.

REDRAW ADVANCE. (a) Subject to this agreement, if at any time during the Term the Manager determines that there is a Redraw Shortfall, the Manager may direct the Trustee to request a Redraw Advance by giving to the Trustee a duly completed but unsigned Drawdown Notice by no later than 10.00 10 am on the Business Day following the Determination Date on which the Redraw Shortfall is determined.