Common use of Ownership of Seadrill Capricorn Holdings Clause in Contracts

Ownership of Seadrill Capricorn Holdings. (A) The Company directly owns 51% of the limited liability company interest in Seadrill Capricorn Holdings and (B) Seadrill directly owns 49% of the limited liability company interest in Seadrill Capricorn Holdings; such limited liability company interests have been duly authorized and validly issued in accordance with the limited liability company agreement of Seadrill Capricorn Holdings (the “Seadrill Capricorn Holdings LLCA”) and are fully paid (to the extent required by Seadrill Capricorn Holdings LLCA) and non-assessable (except as such non-assessability may be affected by Sections 20, 31, 40 and 49 of the Xxxxxxxx Islands LLC Act); and the Company owns such limited liability company interests free and clear of all Liens.

Ownership of Seadrill Capricorn Holdings. (A) The Company directly owns 51% of the limited liability company interest in Seadrill Capricorn Holdings and (B) Seadrill directly owns 49% of the limited liability company interest in Seadrill Capricorn Holdings; such limited liability company interests have been duly authorized and validly issued in accordance with the limited liability company agreement of Seadrill Capricorn Holdings (the “Seadrill Capricorn Holdings LLCA”) and are fully paid (to the extent required by Seadrill Capricorn Holdings LLCA) and non-assessable (except as such non-assessability may be affected by Sections 20Xxxxxxx 00, 3100, 40 and 49 00 xxx 00 xx Xxx Xxxxxxxx of the The Xxxxxxxx Islands LLC Act); and the Company owns and Seadrill own such limited liability company interests free and clear of all Liens.

Ownership of Seadrill Capricorn Holdings. (A) The Company directly owns 51% of the limited liability company interest in Seadrill Capricorn Holdings and (B) Seadrill directly owns 49% of the limited liability company interest in Seadrill Capricorn Holdings; such limited liability company interests have been duly authorized and validly issued in accordance with the limited liability company agreement of Seadrill Capricorn Holdings (the “Seadrill Capricorn Holdings LLCA”) and are fully paid (to the extent required by Seadrill Capricorn Holdings LLCA) and non-assessable (except as such non-assessability may be affected by Sections Section 20, 31, 40 and 49 of the Xxxxxxxx Islands LLC Act); and the Company owns such limited liability company interests free and clear of all Liens.