CHL Solutions Commercial will, after the first anniversary of each borrower’s settlement date (anniversary date) calculate the maximum drawn down amount net of offset sub-account and redraw balance for each borrower’s loan. Shortly after the anniversary date of each borrower’s loan CHL Solutions Commercial will either (i) pay the broker an additional initial fee at the applicable upfront rate for funds drawn down from any relevant borrowers offset sub-account or redraw balance within 12 months of the settlement date, or (ii) where the amount of the initial fee paid by CHL Solutions Commercial to the broker is greater than the amount payable by CHL Solution Commercial in respect of the maximum drawdown net of offset and redraw balance for any relevant borrowers’ loan, require the broker to refund the difference to CHL Solutions Commercial within 3 months of the anniversary date. Alternatively, CHL Solutions Commercial may, in its absolute discretion, set-off or deduct this amount from any payable amount by CHL Solutions Commercial to the broker.