Common use of Issuance of Capricorn Holdings Units to Seadrill in Exchange for Cash Clause in Contracts

Issuance of Capricorn Holdings Units to Seadrill in Exchange for Cash. Capricorn Holdings shall issue to Seadrill 4,900 units, representing limited liability company interests in Capricorn Holdings, in exchange for a contribution of $228,836,805 in cash.

Appears in 3 contracts

Samples: Contribution, Purchase and Sale Agreement, Contribution, Purchase and Sale Agreement (Seadrill Partners LLC), Contribution, Purchase and Sale Agreement (Seadrill Partners LLC)

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Issuance of Capricorn Holdings Units to Seadrill in Exchange for Cash. Capricorn Holdings shall issue to Seadrill 4,900 units, representing limited liability company interests in Capricorn Holdings, in exchange for a contribution of $228,836,805 341,502,777 in cash.

Appears in 2 contracts

Samples: Contribution, Purchase and Sale Agreement, Contribution, Purchase and Sale Agreement (Seadrill Partners LLC)

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