Requesting redraw Clause Samples

The 'Requesting redraw' clause defines the process by which a party can ask for a document, such as a bill of exchange or letter of credit, to be reissued or replaced. Typically, this clause outlines the circumstances under which a redraw can be requested, such as when the original document is lost, damaged, or contains errors, and may specify the steps or documentation required to initiate the request. Its core practical function is to provide a clear and standardized method for correcting or replacing important financial or legal documents, thereby minimizing disruptions and ensuring the integrity of transactions.
Requesting redraw. If you make additional payments on a facility account and the annual percentage rate on the account is a variable rate of interest, you may request to redraw from the account. We will agree to your request unless: • the amount you request is more than the available credit on the facility account; • we reasonably believe that you are unable to repay your loan in accordance with the contract for your loan or may be unable to do so if we make the redraw available to you; • we reasonably believe that the information given to us about you or any guarantor is misleading or false; • we reasonably believe that we are unable to enforce a security; • you are in default. Please see clause 10.1 for when you may be in default; or • the loan servicer does not consent to the redraw request. Redraws on a facility account will increase the amount you owe on the account. Please consider carefully the financial consequences of a redraw before you request a redraw.
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Requesting redraw. If you make additional payments on a facility account and the annual percentage rate on the account is a variable rate of interest, you may ask to redraw from the account. We will agree to your request unless: • your right to redraw has been cancelled by you or cancelled or suspended by us; • the amount you request is more than the available credit on the facility account; • we reasonably believe that you are unable to repay your loan in accordance with the contract for your loan or may be unable to do so if we make the redraw available to you; • we reasonably believe that the information given to us about you or any guarantor is misleading or false; • we reasonably believe that we are unable to enforce a security; or • you are in default. Please see clause 10.1 for when you may be in default. Redraws on a facility account will increase the amount you owe on the account. Please consider carefully the financial consequences of a redraw before you request a redraw.
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Related to Requesting redraw

  • Requesting that District employee(s) evaluate the Consultant and the Consultant’s employees and subcontractors and each of their performance.

  • Loan Request See Section 2.6.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.

  • Class Notice The Settling Parties have presented to the Court proposed forms of Settlement Notice, which are appended hereto as Exhibit 3 and Exhibit 4, respectively. A. The Court finds that the proposed forms and the website referenced in the Settlement Notice fairly and adequately: i. Describe the terms and effect of the Settlement Agreement and of the Settlement; ii. Notify the Settlement Class concerning the proposed Plan of Allocation; iii. Notify the Settlement Class that Class Counsel will seek compensation from the Settlement Fund for the Class Representatives, Attorneys’ Fees and Costs; iv. Notify the Settlement Class that Administrative Expenses related to the implementation of the Settlement will be paid from the Settlement Fund; v. Give notice to the Settlement Class of the time and place of the Fairness Hearing; and vi. Describe how the recipients of the Class Notice may object to any of the relief requested and the rights of the Settling Parties to discovery concerning such objections. B. The Settling Parties have proposed the following manner of communicating the notice to Class Members: the Settlement Administrator shall, by no later than sixty (60) days before the Fairness Hearing, cause the Settlement Notices, with such non- substantive modifications thereto as may be agreed upon by the Settling Parties, to be sent by electronic mail to all Class Members for whom the Settlement Administrator is provided a current email address and mailed, by first-class mail, postage prepaid, to the last known address of each member of the Settlement Class for whom there is no current email address that can be identified through commercially reasonable means. The Court finds that such proposed manner is the best notice practicable under the circumstances and directs that the Settlement Administrator provide notice to the Settlement Class in the manner described. Defendants shall cooperate with the Settlement Administrator by providing or facilitating the provision of, in electronic format, the names, addresses, email addresses (to the extent available), and social security numbers or other unique identifiers of members of the Settlement Class. The names, addresses, email addresses (to the extent available), and social security numbers or other unique identifiers obtained pursuant to this Order shall be used solely for the purpose of providing notice of this settlement and as required for purposes of tax withholding and reporting, and for no other purpose. C. For any Settlement Notice returned as undeliverable, the Settlement Administrator shall utilize the provided social security number or other unique identifier to attempt to determine the current address of the person and shall mail notice to that address. D. At or before the Fairness Hearing, Class Counsel or the Settlement Administrator shall file with the Court a proof of timely compliance with the foregoing requirements. E. The Court directs Class Counsel, no later than sixty (60) days before the Fairness Hearing, to cause the Settlement Notice to be published on the Settlement Website.

  • Request for a Panel 1. Unless the Parties agree on a different period for consultations, a complaining Party may request in writing the establishment of a Panel if the consultation referred to in the Article 176 (Consultations) fails to resolve a matter within 60 days, after the date of receipt of the request for consultations or 50 days in case of urgent matters. 2. The complaining Party shall deliver the request to the other Party, indicating at least, the reason of the request, the identification of the measure, an indication of the provision of this Agreement that it considers relevant and an indication of the legal basis of the complaint. The Panel will be considered as established on the date of receipt of the corresponding request to the other Party. 3. Unless otherwise agreed by the disputing Parties, the Panel shall be selected and perform its functions in a manner consistent with the provisions of this Chapter.