Redraw Drawing definition

Redraw Drawing means a drawing made under the Redraw Facility.
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Redraw Drawing means a drawing made under the Redraw Facility. REDRAW EVENT OF DEFAULT has the meaning given to it in clause 15.1.
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Redraw Drawing has the meaning given to that term in the Redraw Facility Agreement.
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Examples of Redraw Drawing in a sentence

  • Each Redraw Drawing must be drawn down on a Payment Date in respect of the Trust.

  • If the Trustee on the direction of the Trust Manager wants to use the Redraw Facility to make a Redraw Drawing, it must do so only in accordance with clause 1.4 (“Trust Manager to make drawing”) and it must give a notice to the Redraw Facility Provider meeting the requirements of clause 3.3 (“Form of Notice”) (“Drawdown Notice”).

  • Each Redraw Drawing must be credited to the Collection Account and applied only in accordance with clause 15 of the Supplemental Deed.

  • On each Payment Date, the Trustee will pay to the Redraw Facility Provider accrued interest on each Redraw Drawing.

  • Each Redraw Drawing must be credited to the Collection Account and applied only in accordance with clause 14 (“Cashflow Allocation Methodology”) of the Supplemental Deed.

  • Each Redraw Drawing must be credited to the Collections Account and applied only in accordance with clause 14 of the Supplemental Deed.

  • On each Payment Date, the Issuer Trustee will pay to the Redraw Facility Provider accrued interest on each Redraw Drawing.

  • Subject to this agreement, the Redraw Facility Provider agrees to deposit in the Collection Account the amount of any Redraw Drawing in immediately available funds by 11.30am Melbourne time on the relevant Payment Date.

  • If any payment by the Trustee on a Payment Date under clause 6.1 is insufficient to pay the full amount of accrued interest on each Redraw Drawing and any other interest due and payable under clause 6.3(b) up to the close of the Redraw Interest Period just ended, such unpaid interest will itself capitalise and bear interest in accordance with clauses 6.1 and 6.2 of this agreement.

  • A certificate signed by the Redraw Facility Provider about a matter (including, without limitation, the Redraw Interest Rate in respect of a Redraw Drawing) or about a sum payable to the Redraw Facility Provider in connection with this agreement is sufficient evidence of the matter or sum stated in the certificate unless the matter or sum is proved to be false.


More Definitions of Redraw Drawing

Redraw Drawing. Payment Date" and "Redraw Principal Outstanding" have the same respective meanings as in the Supplemental Deed. Prior to the occurrence of an Event of Default, under the Supplemental Deed and the Master Security Trust Deed:
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Related to Redraw Drawing

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Shop Drawing means any and all drawings, diagrams, layouts, explanations, illustrations, manufacturer's drawings or other written or graphic materials which illustrate any portion of the construction work.