Common use of REPAYMENT OF DRAWINGS AND ADVANCES Clause in Contracts

REPAYMENT OF DRAWINGS AND ADVANCES. 6.1 Repayment of Drawings during the Availability Period The Trustee will on each Distribution Date repay so much of each outstanding Drawing as at the previous Determination Date as is available for this purpose in accordance with the Series Supplement. If a repayment of all or part of a Drawing in accordance with the foregoing falls on a Distribution Date within the Cash Advance Deposit Period, such repayment will be made by way of allocation to the Cash Advance Deposit in accordance with clause 7.3(c).

Appears in 2 contracts

Samples: Securitisation Advisory Services Pty LTD, Securitisation Advisory Services Pty LTD 2000 Med Trust

AutoNDA by SimpleDocs

REPAYMENT OF DRAWINGS AND ADVANCES. 6.1 Repayment of Drawings during the Availability Period REPAYMENT OF DRAWINGS DURING THE AVAILABILITY PERIOD The Trustee will on each Quarterly Distribution Date repay so much of each outstanding Drawing as at the previous Determination Date as is available for this purpose in accordance with the Series Supplement. If a repayment of all or part of a Drawing in accordance with the foregoing falls on a Quarterly Distribution Date within the Cash Advance Deposit Period, such repayment will be made by way of allocation to the Cash Advance Deposit in accordance with clause 7.3(c).

Appears in 2 contracts

Samples: Liquidity Facility Agreement (Medallion Trust Series 2007-1g), Securitisation Advisory Services Pty LTD

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.