Common use of Intercompany Loans Clause in Contracts

Intercompany Loans. (a) Holdings shall cause Collateral Rig Operator and its other Subsidiaries to document all transfers of funds received from the Drilling Contract, or proceeds thereof, that are transferred between the Collateral Rig Operator and any of its Affiliates (other than payments on the Bareboat Charter and ordinary course intercompany xxxxxxxx) as intercompany loans.

Appears in 6 contracts

Samples: Receivables Pledge Agreement (Transocean Ltd.), Indenture (Transocean Ltd.), Account Pledge Agreement (Transocean Ltd.)

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Intercompany Loans. (a) Holdings shall cause each Collateral Rig Operator and its other Subsidiaries to document all transfers of funds received from the an applicable Drilling Contract, or proceeds thereof, that are transferred between the among such Collateral Rig Operator and any of its Affiliates (other than payments on the an applicable Bareboat Charter and ordinary course intercompany xxxxxxxx) as intercompany loans.

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

Intercompany Loans. (ai) Holdings shall cause Collateral Rig Operator and its other Subsidiaries to document all transfers of funds received from the Drilling Contract, or proceeds thereof, that are transferred between the Collateral Rig Operator and any of its Affiliates (other than payments on the Bareboat Charter and ordinary course intercompany xxxxxxxx) as intercompany loans.

Appears in 1 contract

Samples: Security Agreement (Transocean Ltd.)

Intercompany Loans. (a) Holdings a)Holdings shall cause Collateral Rig Operator (excluding TBL but including any Collateral Rig Owner that is also a Collateral Rig Operator) and its other Subsidiaries to document all transfers of funds received from the Drilling Contract, or proceeds thereof, that are transferred between the such Collateral Rig Operator and any of its Affiliates (other than payments on the Bareboat any Charter and ordinary course intercompany xxxxxxxx) as intercompany loans.

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

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Intercompany Loans. (a) Holdings shall cause Collateral Rig Operator and its other Subsidiaries to document all transfers of funds received from the Drilling Contract, or proceeds thereof, that are transferred between the Collateral Rig Operator and any of its Affiliates (other than payments on the any Bareboat Charter and ordinary course intercompany xxxxxxxx) as intercompany loans.

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

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