Redraw Amount definition

Redraw Amount in relation to a Determination Date means the lesser of:
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Redraw Amount has the same meaning as in clause 3.2(a);
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Redraw Amount means the amount of the Excess Payments that you redraw or seek to redraw at any time.
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Examples of Redraw Amount in a sentence

  • Upon payment by the Seller to the relevant Borrower of the Cash Re-draw Amount, the aggregate Current Balance of the Mortgage Loans constituting the Trust Property and the amount of the Seller Share of the Trust Property shall be increased by an amount equal to the Cash Re-draw Amount.

  • Upon payment by the Seller to the relevant Borrower of the Cash Re-draw Amount, the aggregate Current Balance of the Mortgage Loans included in the Mortgage Portfolio and the amount of the Seller Share of the Trust Property shall be increased by an amount equal to the Cash Re-draw Amount.

  • Upon payment by the Seller to the relevant Borrower of the Cash Re- draw Amount, the aggregate Current Balance of the Mortgage Loans constituting the Trust Property and the amount of the Seller Share of the Trust Property shall be increased by an amount equal to the Cash Re-draw Amount.


More Definitions of Redraw Amount

Redraw Amount means the amount of the
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Redraw Amount has the meaning provided in Clause 4.3(b) (Redraw).
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Related to Redraw Amount

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).