Amoco Quiet Enjoyment; Transocean Replaced Parts Sample Clauses

Amoco Quiet Enjoyment; Transocean Replaced Parts. (a) The Lenders, the Agent and the Collateral Agent each hereby (i) acknowledge and consent to the provisions of Section 2(h) of each of the O&M Contracts and Section 7(b) of each of the Transocean Contracts and (ii) agree, for the benefit of Transocean, that, any term of any Credit Document to the contrary notwithstanding, unless and until the Collateral Agent shall terminate any such contract in accordance with its terms, (x) any replaced "Part" (as such term is defined in such contracts) that, in accordance with the terms of any such contract, is to become the property of Transocean shall so become the property of Transocean, free and clear of the Liens of the Security Documents, and (y) the Collateral Agent shall execute such instruments as Transocean reasonably may request from time to time to give effect to, or evidence, the release of any such replaced "Part" from the Liens of the Security Documents. (b) The Lenders, the Agent and the Collateral Agent each hereby (i) acknowledge and consent to the provisions of the Amoco Contracts, and (ii) agree, with respect to each Amoco Contract, that, any term of any Credit Document to the contrary notwithstanding, during the term of each Amoco Contract and so long as Amoco shall be in compliance in all material respects with its obligations set forth in such Amoco Contracts, it shall not take any action under any Credit Document that would result in any material breach by "Contractor" under such Amoco Contract or otherwise interfere with Amoco's rights under such Amoco Contract. (c) Transocean hereby is constituted as, and each party hereto hereby agrees that Transocean shall be, an intended third party beneficiary of this Section 10.25 and, without limitation of the foregoing, any term of this Agreement to the contrary notwithstanding, this Section 10.25 may not be amended, modified or supplemented without the written consent of Transocean. References in this Section 10.25 to Transocean include Transocean Offshore Inc., its successors and, with respect to any O&M Contract or Transocean Contract, its permitted assigns thereunder.
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