Definition of Temporary Advancement


Temporary Advancement means, with respect to the Borrowers repayment on a Due Date, a payment made by the Agent to the Lenders B before the completion of the Borrowers repayment of an amount equivalent to the amount to be distributed to the Lenders B in accordance with Clause 19; or with respect to the Individual Loans B made by the Lenders B on the Drawdown Date, a payment made by the Agent to the Borrower before the Lender Bs making the Individual Loan B of an amount equivalent to the amount of the Individual Loan B to be made to the Borrower.
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Examples of Temporary Advancement in a sentence

Temporary Advancement means a time-limited advancement of a current contract employee with or without competition to a higher level position at a higher rate of pay, not to exceed the end of the contract period, with the right to return to the original position.