No Outstanding Indebtedness. After giving effect to the consummation of the Transactions, the Borrowers and their respective subsidiaries shall have no outstanding preferred equity, Indebtedness or contingent liabilities, except for Indebtedness permitted under Section 6.1. Any Indebtedness permitted pursuant to Section 6.1 (i) shall be reasonably satisfactory to the Lead Arrangers and the Requisite Banks in their sole discretion.
No Outstanding Indebtedness. No Acquired Entity has any outstanding Indebtedness, except as set forth in Exhibit B to Schedule 4.5 hereto.
No Outstanding Indebtedness. 26 Section 4.25
No Outstanding Indebtedness. Except as disclosed in Section --------------------------- 7.2(e) of the Disclosure Schedule, at the Effective Time after giving effect to (i) the payment by the Company of all fees and expenses related to the transactions contemplated by this Agreement (including, without limitation, the payment of any real property transfer taxes) and (ii) the payments by Parent contemplated by Section 6.12 hereof and the application of such payment proceeds by the Company as described therein, all outstanding indebtedness of the Company and its Subsidiaries for borrowed money, capitalized lease obligations and similar obligations, other than the amounts owed to the Company or its wholly owned Subsidiaries and amounts permitted to be incurred under Section 5.1 of the Disclosure Schedule, shall, at the Effective Time, have been repaid in full and all Liens with respect to such indebtedness shall have been fully and effectively released and discharged, in each case without the incurrence by the Company or any Subsidiary or Joint Venture of any default or prepayment or other penalty, cost or charge other than repayment of the principal amount of such indebtedness together with accrued and unpaid interest thereon, and the Company shall have received a customary payoff letter from Chase or other authorized lender under the Credit Facility in respect of the indebtedness under the Credit Facility.
No Outstanding Indebtedness. Other than the Previous Note, there are no outstanding notes, indentures, mortgages, or any other similar forms of financing to which the Company is a party. The Company is not a guarantor or indemnitor of any indebtedness of any other Person.
No Outstanding Indebtedness. After giving effect to the Transactions, the Borrower and its Subsidiaries shall have outstanding no Indebtedness or Preferred Stock other than (i) the Loans made hereunder and (ii) other Permitted Debt.
No Outstanding Indebtedness. After giving effect to the Transactions, the Borrowers and the Guarantors shall have no outstanding Indebtedness or preferred stock other than (a) the Loans, (b) the Indebtedness outstanding under the Amended and Restated Revolving Loan Agreement, dated as of August 31, 2013, among Seadrill Limited, as lender, and Operating, Capricorn Holdings and Seadrill Partners Operating LLC, as borrowers; (c) the guarantee by Operating under the Amended and Restated Senior Secured Credit Facility, dated 10 October 2012, among Seadrill Limited, the guarantors party thereto, Nordea Bank ASA, as Agent, and the other lenders party thereto, with respect to Indebtedness incurred thereunder with respect to the Vessel West Vencedor; (d) the guarantee by Capricorn Holdings under the Amended and Restated Senior Secured Term Loan Facility Agreement, dated 10 October 2012, among Seadrill Limited, the guarantors party thereto, DNB Bank ASA, as GIEK Facility Agent, the lenders party thereto and the other parties thereto, with respect to Indebtedness incurred thereunder with respect to the Vessel West Capricorn; and (e) the guarantee by Capricorn Holdings under the Amended and Restated Senior Secured Term Loan and Revolving Credit Facility Agreement, dated 10 October 2012, among Seadrill Limited, the guarantors party thereto, DNB Bank ASA, as Agent, the lenders party thereto and the other parties thereto, with respect to Indebtedness incurred thereunder with respect to the Vessel West Capricorn.
No Outstanding Indebtedness. The Company and its subsidiaries have no authorized or issued debt securities or other instruments of indebtedness outstanding other than those instruments listed in Section 2.2(f) of the Company Schedules and Exhibit G of this Agreement, which pursuant to Section 5.8 of this Agreement shall be paid in full by the Company contemporaneously with the Closing.
No Outstanding Indebtedness. Between the Parties - There is no indebtedness existing between any Acquired Fund and an Acquiring Fund that was issued, acquired, or will be settled at a discount.
No Outstanding Indebtedness. After giving effect to the Transactions, the Parent and its Subsidiaries shall have no outstanding Indebtedness or preferred stock other than (a) the Loans, (b) the obligations, as remain outstanding as of the Effective Date, in respect of (x) the DRH Existing Notes, (y) the UDW 9.5% Senior Unsecured Notes and (z) the Ventures Facilities Agreement and (c) the Hedging Obligations, as remain outstanding as of the Effective Date, in respect of (i) the Parent, (ii) Drillships Holdings Inc., Drillships Hydra Shareholders Inc., Drillship Paros Shareholders Inc., Drillship Hydra Owners Inc. and Drillship Paros Owners Inc. pursuant to the hedging agreement outstanding with Nordea Bank Finland PLC, (iii) Drillships Kithira Owners Inc. and Drillships Skopelos Owners Inc., pursuant to the hedging agreements outstanding with Deutsche Bank AG, London Branch and (iv) the Borrower pursuant to the hedging agreements outstanding with ABN AMRO Bank N.V.
