Payment of Intercompany Obligations. (a) In full satisfaction of its obligations, Seadrill Opco Sub will pay to Seadrill Offshore the entire amount of the Seadrill Canada Payment Obligation. (b) In full satisfaction of its obligations, Seadrill Opco Sub will pay to Seadrill UK the entire amount of the SMU Payment Obligation. (c) In full satisfaction of its obligations, Seadrill Capricorn Holdings will pay to Seadrill Americas the entire amount of the Seadrill US Gulf Payment Obligation.
Appears in 5 contracts
Samples: Contribution and Sale Agreement, Contribution and Sale Agreement (Seadrill Partners LLC), Contribution and Sale Agreement
