Refund Guarantee Assignment Consent and Acknowledgement definition
Refund Guarantee Assignment Consent and Acknowledgement means the acknowledgement of notice of, and consent to, the first priority assignment by the respective Borrower in favour of the Bank of the Refund Guarantees, to be given by the Refund Guarantor;
Refund Guarantee Assignment Consent and Acknowledgement means in relation to the Ship, the acknowledgement of notice, and consent to, the assignment in respect of the Refund Guarantee to be given by the Refund Guarantor, in the form scheduled to the Pre-delivery Security Assignment or otherwise in a form and substance acceptable to the Security Trustee (acting on the instructions of the Combined Creditors).