Common use of ADVANCE OF SEGMENT Clause in Contracts

ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury NZ requests a Segment of the NZ$ Cash Advance Facility, the Lender (through its lending office in Australia or through a lending office in New Zealand details of which are to be provided to ▇▇▇▇▇▇'▇ Brewing Group Limited or Treasury NZ) will make available that Segment to such account as may be notified to the Lender by Treasury NZ on the relevant Drawdown Date in Same Day Funds in NZ Dollars. (b) Unless otherwise agreed, a request by Treasury NZ for a Segment of the NZ$ Cash Advance Facility may be made by telephone, shall be made prior to 11.00 a.m. (Auckland time) 2 Business Days before, or such other period as may be agreed between Treasury NZ and the Lender, the date on which the relevant Segment is to be made available (which shall be a Business Day) and shall be followed as FACILITY AGREEMENT -------------------------------------------------------------------------------- soon as practicable by a Drawdown Notice substantially in the form of Annexure D from Treasury NZ to the Lender. Any Telephone Request shall contain the details required in the Drawdown Notice and shall be irrevocable. (c) The principal amount of each Segment of the NZ$ Cash Advance Facility shall be a minimum of: (i) NZ$5,000,000; (ii) the NZ dollar equivalent (determined at the Exchange Rate as at the Drawdown Date) of the Undrawn Commitment (if less than the NZ$5,000,000); or (iii) such other amount as the Lender may agree, and shall be a multiple of NZ$5,000,000 and shall not cause a breach of Clause 2.

ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury NZ Aust. requests a Segment of the NZ$ A$ Cash Advance Facility, the Lender (through its lending office in Australia or through a lending office in New Zealand details of which are to be provided to ▇▇▇▇▇▇'▇ Brewing Group Limited or Treasury NZ) will make available that Segment to such account as may be notified to the Lender by Treasury NZ Aust. on the relevant Drawdown Date in Same Day Funds in NZ Australian Dollars. (b) Unless otherwise agreed, a request by Treasury NZ Aust. for a Segment of the NZ$ A$ Cash Advance Facility may be made by telephone, shall be made prior to 11.00 a.m. (Auckland Melbourne time) 2 Business Days before, or such other period as may be agreed between Treasury NZ and the Lender, on the date on which the FACILITY AGREEMENT -------------------------------------------------------------------------------- relevant Segment is to be made available (which shall be a Business Day) and shall be followed as FACILITY AGREEMENT -------------------------------------------------------------------------------- soon as practicable by a Drawdown Notice substantially in the form of Annexure D B from Treasury NZ Aust. to the Lender. Any Telephone Request shall contain the details required in the Drawdown Notice and shall be irrevocable. (c) The principal amount of each Segment of the NZ$ A$ Cash Advance Facility shall be a minimum of: (i) NZ$5,000,000A$5,000,000; (ii) the NZ dollar equivalent (determined at the Exchange Rate as at the Drawdown Date) of the Undrawn Commitment (if less than the NZ$5,000,000A$5,000,000); or (iii) such other amount as the Lender may agree, and shall be a multiple of NZ$5,000,000 A$5,000,000 and shall not cause a breach of Clause 2.