Definition of Terance Contract Price

  1. Terance Contract Price means the purchase price for the Terance Ship under the Terance Contract, being ninety five million five hundred thousand Dollars ($95,500,000) or such other lesser sum in Dollars as may be payable as the purchase price for the Terance Ship by the Terance Borrower to the Builder pursuant to the Terance Contract;

Definition of Terance Contract Price in Facility Agreement

Terance Contract Price means the purchase price for the Terance Ship under the Terance Contract, being ninety five million five hundred thousand Dollars ($95,500,000) or such other lesser sum in Dollars as may be payable as the purchase price for the Terance Ship by the Terance Borrower to the Builder pursuant to the Terance Contract;