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Common use of Redraw Clause in Contracts

Redraw. The Borrower shall not redraw any available amounts under the Loan for the duration of the Relief Period.

Appears in 2 contracts

Sources: Cashflow Relief Terms and Conditions, Loan Agreement

Related Clauses

  • Loan Repayment
  • Mandatory Prepayments Commitment Reductions
  • Equipment Advances
  • Waivable Mandatory Prepayment
  • Construction Loan

Parent Clauses

  • STANDARD TERMS
  • Advances
  • PAYMENT - COMMODITY FINANCE
  • General Matters
  • Conditions of Drawdown

Sub-Clauses

  • Other redraw methods
  • Requesting redraw
  • How to redraw
  • Redraw fee
  • Amounts Charged are Deemed Advances
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