Definition of Terance Pre-delivery Security Assignment

  1. Terance Pre-delivery Security Assignment means the assignment of the Terance Contract and the Terance Refund Guarantee 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 Pre-delivery Security Assignment in Facility Agreement

Terance Pre-delivery Security Assignment means the assignment of the Terance Contract and the Terance Refund Guarantee 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;