Common use of Ownership of Seadrill Partners Operating Clause in Contracts

Ownership of Seadrill Partners Operating. The Company directly owns 100% of the limited liability company interest in Seadrill Partners Operating; such limited liability company interest has been duly authorized and validly issued in accordance with the limited liability company agreement of Seadrill Partners Operating (the “Seadrill Partners Operating LLCA”) and is fully paid (to the extent required by the Seadrill Partners Operating 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 interest free and clear of all Liens.

Ownership of Seadrill Partners Operating. The Company directly owns 100% of the limited liability company interest in Seadrill Partners Operating; such limited liability company interest has been duly authorized and validly issued in accordance with the limited liability company agreement of Seadrill Partners Operating (the “Seadrill Partners Operating LLCA”) and is fully paid (to the extent required by the Seadrill Partners Operating 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 interest free and clear of all Liens.

Ownership of Seadrill Partners Operating. The Company directly owns 100% of the limited liability company interest in Seadrill Partners Operating; such limited liability company interest has been duly authorized and validly issued in accordance with the limited liability company agreement of Seadrill Partners Operating (the “Seadrill Partners Operating LLCA”) and is fully paid (to the extent required by the Seadrill Partners Operating 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 such limited liability company interest free and clear of all Liens.