Definition of Terance Contract Instalment Advance


Terance Contract Instalment Advance means, in relation to the Terance Ship, each of the three (3) Advances of the Total Commitment, each in the maximum amount in Dollars specified in the second column of schedule 5 opposite the name of the relevant Advance and each made or (as the context may require) to be made to finance in part or re-finance in part (as the case may be) the payment of an instalment of the Terance Contract Price falling due before the Delivery Date for the Terance Ship at the time specified in the third column of schedule 5 opposite the relevant Advance, and "Terance Contract Instalment Advances" means any or all of them;
Sample 1 Sample 2