Redraw Amount definition

Redraw Amount in relation to a Determination Date means the lesser of:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Redraw Amount has the same meaning as in clause 3.2(a);

Redraw Amount means the amount of the Excess Payments that you redraw or seek to redraw at any time.

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.

Redraw Amount means the amount of the

Redraw Amount has the meaning provided in Clause 4.3(b) (Redraw).