W
Woolong/Covenant Monitor1 arrears3 pending5 facilities · $1,655,131.70
Covenant Monitor
Active Loans
2
Covenants Breached
1
LVR Tests Passing
2/2
Default Interest Accrued
$3,033.91
Covenant Dashboard — All Active Facilities
| Loan | Entity | LVR (≤75%) | Current LVR | Admin Fee | Insurance Levy | Default Int. | Overall |
|---|---|---|---|---|---|---|---|
| WC-001 | PERKS 136B | ✓ | 72.50% | ✓ | ✓ | — | ●Passing |
| WC-002 | PERKS 125B | ✓ | 72.50% | ✗ | ✗ | $3,033.91 | ●Breach |
Covenant Definitions
LVR CovenantLoan balance must not exceed 75% of cabin purchase price at any time. Clause 11.1(b) Loan Agreement.
Insurance Levy CovenantInsurance Levy must be paid monthly. Non-payment within 7 days of due date = Event of Default. Clause 10.2(c) Loan Agreement.
Administration Fee CovenantMonthly Administration Fee ($484) must be paid on due date. Dishonour = $50 fee. Clause 10.2(a) Loan Agreement.
Occupation Agreement CovenantBorrower must maintain Occupation Agreement at all times. Termination = Event of Default. Clause 11.1(f) Loan Agreement.