Minimum Market Value. The Obligors will procure that the Market Value of all the Rigs (taken in aggregate) is at least one hundred and thirty five per cent (135%) of the sum of the Loans outstanding from, and tested first time with reference to the period ending, 30 June 2017 and up until the Final Maturity Date.”
Appears in 2 contracts
Samples: Secured Credit Facility Agreement, Secured Credit Facility Agreement (Seadrill Partners LLC)
Minimum Market Value. The Obligors will procure that the Market Value of all the Rigs (taken in aggregate) Rig is at least one hundred and thirty five per cent (135%) of the sum of the Loans outstanding from, and tested first time with reference to the period ending, 30 June September 2017 and up until the Final Maturity Date.”
Appears in 1 contract
Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC)
Minimum Market Value. The Obligors will procure that the Market Value of all the Rigs (taken in aggregate) is (i) at least one hundred and twenty per cent (120%) of the sum of the Loans outstanding from the First Utilisation Date until the second anniversary thereafter and (ii) at least one hundred and thirty five per cent (135%) of the sum of the Loans outstanding from, and tested first time with reference to from the period ending, 30 June 2017 and up second anniversary of the First Utilisation Date until the Final Maturity Date.”
Appears in 1 contract
Samples: Secured Credit Facility Agreement (Seadrill Partners LLC)
