Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries or any third party charterer of a Collateral Vessel to employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.
Jurisdiction of Employment. No Company will, nor will it permit any third party charterer of a Rig to employ or cause to be employed any Rig in any country or jurisdiction in which (i) such Company or such third party charterer of a Rig is prohibited by law from doing business unless employing such Company or such third party charterer could not reasonably be expected to result in a Material Adverse Effect, (ii) the Lien created by the Collateral Rig Mortgage on a Collateral Rig will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights therein will be materially impaired or hindered.
Jurisdiction of Employment. The Borrower will not, and will not permit the Subsidiary Guarantors or any third party charterer of a Collateral Vessel to employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Security Agent’s foreclosure or enforcement rights will be materially impaired or hindered.
Jurisdiction of Employment. The Borrower will not, and Holdings will not permit any Loan Party or any third party charterer of a Collateral Rig to, employ or cause to be employed any Collateral Rig in any country or jurisdiction in which (i) such Loan Party that owns a Collateral Rig or such third party charterer of a Collateral Rig is prohibited from doing business as determined by a court of competent jurisdiction in a final and nonappealable judgment or (ii) the Lien created by the applicable Collateral Rig Mortgage will be rendered unenforceable.
Jurisdiction of Employment. 125 Section 6.20
Jurisdiction of Employment. 134 Section 6.20 Financial Covenant ..................................................................................................... 134 Section 6.21 Minimum Liquidity Condition ................................................................................... 134 Section 6.22 Collateral Rig Market Values ..................................................................................... 134 ARTICLE VII GUARANTEE .................................................................................................................. 134
