Definition of Terance Refund Guarantee

  1. Terance Refund Guarantee means each letter of guarantee issued or (as the context may require) to be issued by the Refund Guarantor in favour of the Terance Borrower in respect of the Builder's obligations under the Terance Contract, each in the form prescribed in the Terance Contract, and any further guarantee(s) to be issued by the Refund Guarantor in respect of such obligations pursuant to any agreement supplemental to the Terance Contract, and any extensions, renewals or replacements thereto or thereof;

Definition of Terance Refund Guarantee in Facility Agreement

Terance Refund Guarantee means each letter of guarantee issued or (as the context may require) to be issued by the Refund Guarantor in favour of the Terance Borrower in respect of the Builder's obligations under the Terance Contract, each in the form prescribed in the Terance Contract, and any further guarantee(s) to be issued by the Refund Guarantor in respect of such obligations pursuant to any agreement supplemental to the Terance Contract, and any extensions, renewals or replacements thereto or thereof;