Performance under Contracts; Non-Interference Sample Clauses
The 'Performance under Contracts; Non-Interference' clause establishes that each party must fulfill its contractual obligations and refrain from actions that would disrupt the other party’s ability to perform under their own agreements. In practice, this means that neither party should hinder, delay, or otherwise interfere with the other’s contractual relationships or performance, such as by withholding necessary information or resources. The core function of this clause is to ensure smooth execution of contractual duties and to prevent disputes arising from one party impeding the other’s performance.
Performance under Contracts; Non-Interference. (a) Holdings shall cause the Collateral Rig Operator to duly and punctually perform and observe in all material respects all obligations and conditions under the Bareboat Charter and the Drilling Contract.
(b) The Collateral Rig Owner shall duly and punctually perform and observe in all material respects all obligations and conditions under the Bareboat Charter.
(c) Each of TINC, Holdings and each Subsidiary of Holdings, shall not (i) interfere with the Collateral Rig Operator’s performance under the Drilling Contract and rights of the Collateral Rig Operator to receive the benefits thereunder, (ii) cause, directly or indirectly, the Collateral Rig Operator to breach its obligations under the Drilling Contract, or (iii) otherwise interfere with the Drilling Contract in any manner other than providing assistance to the Collateral Rig Operator to perform its obligations under the Drilling Contract.
Performance under Contracts; Non-Interference. (a) Holdings shall cause each Collateral Rig Operator to duly and punctually perform and observe in all material respects all obligations and conditions under any applicable Bareboat Charters and Drilling Contracts in effect at any time.
(b) Each Collateral Rig Owner shall duly and punctually perform and observe in all material respects all obligations and conditions under any applicable Bareboat Charter in respect of its applicable Collateral Rig.
(c) Each of the Company, Holdings and each Subsidiary of Holdings, shall not (i) interfere with a Collateral Rig Operator’s performance under any applicable Drilling Contract and rights of a Collateral Rig Operator to receive the benefits thereunder, (ii) cause, directly or indirectly, a Collateral Rig Operator to breach its obligations under any applicable Drilling Contract, or (iii) otherwise interfere with any applicable Drilling Contract in any manner other than providing assistance to a Collateral Rig Operator to perform its obligations under the applicable Drilling Contract.