Definition of Terance Sub-Tranche B

  1. Terance Sub-Tranche B means an amount up to the lesser of (i) $19,100,000 and (ii) 25% of the Terance Tranche to be advanced by DNB NOR BANK ASA to the Borrowers on a joint and several basis;

Definition of Terance Sub-Tranche B in Facility Agreement

Terance Sub-Tranche B means an amount up to the lesser of (i) $19,100,000 and (ii) 25% of the Terance Tranche to be advanced by DNB NOR BANK ASA to the Borrowers on a joint and several basis;