Definition of Temporary Advancement

  1. Temporary Advancement means, with respect to the Borrowers repayment on a Due Date, the payment made by the Agent to the Lenders before the completion of the Borrowers repayment of an amount equivalent to the amount to be distributed to the Lenders in accordance with Clause 17; or with respect to the Individual Loans made by the Lenders on the Drawdown Date, the payment made by the Agent to the Borrower before the Lenders making the Individual Loan of an amount equivalent to the amount of the Individual Loan to be made to the Borrower.

Examples of Temporary Advancement in a sentence

  1. Temporary Advancement Period means the period commencing on the date (exclusive) that a Temporary Advancement is made and ending on the date (inclusive) that such Temporary Advancement is cleared, and the Funding Rate means the interest rate that the Agent reasonably determines as the interest rate to fund the amount of Temporary Advancement throughout the

Definition of Temporary Advancement in Loan Agreement

Temporary Advancement means, with respect to the Borrowers repayment on a Due Date, the payment made by the Agent to the Lenders before the completion of the Borrowers repayment of an amount equivalent to the amount to be distributed to the Lenders in accordance with Clause 17; or with respect to the Individual Loans made by the Lenders on the Drawdown Date, the payment made by the Agent to the Borrower before the Lenders making the Individual Loan of an amount equivalent to the amount of the Individual Loan to be made to the Borrower.