Temporary Advancement definition

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

Temporary Advancement. (tatekae-xxxxx) means, with respect to the Borrower’s repayment on a Due Date, the payment made by the Agent to the Lenders before the completion of the Borrower’s repayment of an amount equivalent to the amount to be distributed to the Lenders in accordance with Clause 19 [[* In the case of Agent’s Account Drawdown Method]; or with respect to the Individual Loans made by the Lenders on the Desired Drawdown Date, the payment made by the Agent to the Borrower [upon the Agent’s giving notice to the Lenders,] before the Lenders’ making the Individual Loan of an amount equivalent to the Individual Loan Amount]. The Borrower or the Lenders shall not make any objection as to the Agent’s making the Temporary Advancement.]

Temporary Advancement. (tatekae-xxxxx) means, with respect to the Borrower’s repayment on a Due Date, the payment made by the Agent to the Lenders [upon the Agent’s giving notice to the Borrower,] before the completion of the Borrower’s repayment of an amount equivalent to the amount to be distributed to the Lenders in accordance with Clause 19 [[* In the case of Agent’s Account Drawdown Method]; or with respect to the Individual Loans made by the Lenders on the Desired Drawdown Date, the payment made by the Agent to the Borrower [upon the Agent’s giving notice to the Lenders,] before the Lender’s’ making the Individual Loan of an amount equivalent to the amount of the Individual Loan Amountto be made to the Borrower]. [If the Borrower or the Lender receives such notice, tThe Borrower or the Lenders shall not make any objection as to the Agent’s making the Temporary Advancement.]]

Examples of Temporary Advancement in a sentence

• The Lender shall, immediately upon the Agent’s request, pay to the Agent any Temporary Advancement Costs required in making such Temporary Advancement, per the amount of Temporary Advancement that it received.

• The Company will not issue any shares of its capital stock or other securities (including without limitation any options, warrants, or other rights to acquire Company Stock), other than shares of Company Stock issued upon the due exercise of vested Company Stock Options or Company Warrants listed in Section 7.4 of the Disclosure Schedule (which exercises will be disclosed by the Company in a supplement to the Disclosure Schedule pursuant to Section 10.13 hereof).

• After such Temporary Advancement, the relevant Lender A shall remit the full equivalent amount of the Individual Loan A Money to the Agent’s Account by 11 a.m. on the Desired Drawdown Date A, and if such remittance is not completed by that time, the Lender A shall, promptly upon the Agent’s request, pay to the Agent the Temporary Advancement Costs required in making such Temporary Advancement.

• If the Borrower’s obligations in relation to such Temporary Advancement are not repaid by the Due Time in accordance with Clause 18, the Lender A who received the distribution pursuant to this Clause 19.7 shall, immediately upon the Agent’s request, reimburse to the Agent for the amount of such Temporary Advancement that it received.

• After such Temporary Advancement, the relevant Lender shall remit the full equivalent amount of the Individual Loan Money to the Agent’s Account by eleven (11) o’clock of the Drawdown Date, and if such remittance is not completed by that time, the Lender shall, promptly upon the Agent’s request, pay to the Agent the Temporary Advancement Costs making required in such Temporary Advancement.

• If the Temporary Advancement is not cleared by the Due Time, the Lender who received the distribution pursuant to this Clause 17.7 shall, immediately upon the Agent’s request, reimburse to the Agent the amount of such Temporary Advancement that it received.

• The Lender B shall, immediately upon the Agent’s request, pay to the Agent any Temporary Advancement Costs required in making such Temporary Advancement, corresponding to the amount of Temporary Advancement that it received.

• After such Temporary Advancement, the relevant Lender B shall remit the full equivalent amount of the Individual Loan B Money to the Agent’s Account by 11 a.m. on the Desired Drawdown Date B, and if such remittance is not completed by that time, the Lender B shall, promptly upon the Agent’s request, pay to the Agent the Temporary Advancement Costs required in making such Temporary Advancement.

• If the Borrower’s obligations in relation to such Temporary Advancement are not repaid by the Due Time in accordance with Clause 18, the Lender B who received the distribution pursuant to this Clause 19.7 shall, immediately upon the Agent’s request, reimburse to the Agent for the amount of such Temporary Advancement that it received.

• If the Agent receives an application request for a drawdown in accordance with Clause 5, and if notice underin Clause 8.1 has not been given, the Agent may make the Individual Loan on behalf of a the relevant Lender through Temporary Advancement.