Initial Upfront Commission – 0.77% (including GST) of the original Loan drawdown amount exclusive of fees and less any Advance Payments as calculated at the Initial Upfront Commission Calculation Date
The Initial Upfront Commission Calculation Date means the sixth day of the month following the month in which the Loan drawdown took place (or the next business day if the sixth day of a month falls on a non-business day)
Secondary Upfront Commission (where there has been a subsequent Loan drawdown of a previously non drawn amount up to the value of the current Loan Schedule Balance)
