Definition of Temporary Advances


Temporary Advances means credit balances which bear interest. Rule 80-7-1-.02 Status of Georgia Institutions Banks chartered by this State or National Banking Associations domiciled in this State shall, unless otherwise restricted, have the same rights, privileges, and responsibilities as are granted to FBO's herein or by statute. Rule 80-7-1-.03 Applications and Registrations

Examples of Temporary Advances in a sentence

Profit or Loss shall be allocated among the Members as provided by this Section 4.2. Loss (after taking into account any interest expense incurred on Temporary Advances) shall be allocated among the Members pro rata in accordance with their Capital Accounts.
Any Temporary Advances shall be repaid from the Delayed Members Capital Contributions under Section 3.01 (including from any Delayed Contributions), with any unreturned Temporary Advances and any Temporary Advance Fees paid as set forth in Section 5.01.
A Member, in its discretion, may make loans ("Temporary Advances") to temporarily fund the Company until Capital Contributions are made by the Members as set forth in Section 3.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be repaid from the other Member's Capital Contributions under Section 3.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in Section 5.1.
A Member, in its discretion, may make loans of cash or other property ("Temporary Advances") to temporarily fund the Company until Capital Contributions are made by the Members as set forth in Section 3.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be repaid in cash from the other Member's Capital Contributions under Section 3.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in Section 5.1.
Loss (after taking into account any interest expense incurred on Temporary Advances) shall be allocated among the Members pro rata in accordance with their Capital Accounts.