Definition of Terance Operating Account Assignment

  1. Terance Operating Account Assignment means the first priority assignment of the Terance Operating Account executed or (as the context may require) to be executed by the Terance Borrower in favour of the Security Agent in a form previously agreed between the Agent and the Borrowers;

Definition of Terance Operating Account Assignment in Facility Agreement

Terance Operating Account Assignment means the first priority assignment of the Terance Operating Account executed or (as the context may require) to be executed by the Terance Borrower in favour of the Security Agent in a form previously agreed between the Agent and the Borrowers;