Common use of Applications for Advances Clause in Contracts

Applications for Advances. 7.1 The Borrower may apply for an Advance by submitting an application to the Corporation in a manner and form prescribed by the Corporation from time to time which includes submissions via the Client Portal, a digital platform or via such other electronic media nominated by the Corporation from time to time. 7.2 The Borrower shall obtain in advance of making an application all necessary approvals, authorisations and consents that are necessary in respect of each Advance. 7.3 The making of each Advance is subject to the condition that the Corporation’s credit criteria in effect at the relevant time for such lending are met by the Borrower. 7.4 The Borrower shall upon request provide the Corporation with such information as may be reasonably required by the Corporation to determine whether its credit criteria are met by the Borrower. 7.5 A determination made by the Corporation as to whether its credit criteria are met by the Borrower shall be final and the Corporation shall not be required to disclose such details of the determination to the Borrower. 7.6 The Corporation may at its discretion cancel or delay the making of an Advance if any required information in relation to the Borrower is not provided to the Corporation in a timely manner to undertake/complete its credit assessment. The costs incurred by the Corporation in connection with the cancelling or delaying of an Advance as certified by the Corporation shall be promptly paid to the Corporation by the Borrower. 7.7 The Corporation may in its absolute discretion decline an application for an Advance where the Borrower has not met the Corporation’s credit criteria in effect at the relevant time and where the Advance is not considered by the Corporation to be financially sustainable. 8.

Applications for Advances. 7.1 The Borrower may apply for an Advance by submitting an application to the Corporation in a manner and form prescribed by the Corporation from time to time which includes submissions via the Client Portal, a digital platform or via such other electronic media nominated by the Corporation from time to time. 7.2 The Borrower shall obtain in advance of making an application all necessary approvals, authorisations and consents that are necessary in respect of each Advance. 7.3 The making of each Advance is subject to the condition that the Corporation’s credit criteria in effect at the relevant time for such lending are met by the Borrower. 7.4 The Borrower shall upon request provide the Corporation with such information as may be reasonably required by the Corporation to determine whether its credit criteria are met by the Borrower. 7.5 A determination made by the Corporation as to whether its credit criteria are met by the Borrower shall be final and the Corporation shall not be required to disclose such details of the determination to the Borrower. 7.6 The Corporation may at its discretion cancel or delay the making of an Advance if any required information in relation to the Borrower is not provided to the Corporation in a timely manner to undertake/complete its credit assessment. The costs incurred by the Corporation in connection with the cancelling or delaying of an Advance as certified by the Corporation shall be promptly paid to the Corporation by the Borrower. 7.7 The Corporation may in its absolute discretion decline an application for an Advance where the Borrower has not met the Corporation’s credit criteria in effect at the relevant time and where the Advance is not considered by the Corporation to be financially sustainable. 8.