Petrodrill Sample Clauses

Petrodrill. Six Limited a corporation organised under the laws of the British Virgin Islands having its principal office at 325 Waterfront Drive, Omar Hodge Building, 2nd Floor Wickhax'x Xxx 0, XX Xxx 000, Xxxx Xxxx, Tortola, British Vixxxx Xxxxxxx ("PURCHASER") of the Second Part:
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Petrodrill s representatives shall be entitled to board the Vessel for the purpose of examining the Vessel and its operations subject, at all times, to the consent of the client where applicable.
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Petrodrill and the Manager agree to cooperate to the fullest possible extent in order to speed up insurance claims processing.
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Petrodrill undertakes to transfer a sum of US$1,000,000 (the minimum working capital ) into the Disbursement Account within 30 days prior to commencement of the services by Manager under this Agreement. The Manager undertakes to procure that income (and other revenue items) payable to Petrodrill in connection with the Vessel is credited without set-offs or deduction, other than those set-offs and deductions compulsorily imposed on amounts received by the Manager according to applicable laws in the country where the Vessel is employed, to the Disbursement Account.
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Petrodrill shall hold harmless and indemnify the Manager from and against all claims, costs, expenses or liabilities arising from or connected with the performance of this Agreement in respect of:
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Petrodrill is dissatisfied, with sound reasons, with the performance of Manager on account of incompetence of the Manager or unsatisfactory performance of its duties and obligations hereunder as a result of causes reasonably within the Manager s control, and the Manager, after having been given, by Petrodrill, written notice in which Petrodrill shall have specified in detail the grounds for its dissatisfaction, shall fail to take effective steps to remedy the matters complained of within thirty days after the giving of the said written notice. Petrodrill shall, if its right to terminate shall arise as aforesaid, have the right to terminate this Agreement effective ninety (90) days after a date specified by Petrodrill without any further compensation to the Manager other than any money due and owing at date this Agreement is to terminate.
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Petrodrill. Four Limited shall have executed and delivered to the Secretary its guarantee of the Title XI debt of the Shipowner.
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Petrodrill. SEVEN is a company that, will own a semisubmersible drilling or workover unit identified as AMETHYST 7, hereinafter designated as the RIG.
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Petrodrill. SEVEN will pay to the two AGENTS, IN US$, according with item 7, above, a total percentage of 5.0% (five percent) of the total RIG dayrate agreed with PETROBRAS (i.e., excluding bonus increase or reductions due to poor performance/downtime) with respect to the CONTRACT in consideration for the execution of such CONTRACT, such payment to be made every month by PETRODRILL SEVEN, within 2 (two) business days of receiving the monthly installment from PETROBRAS with respect to the relevant CONTRACT through wire deposit to the bank accounts indicated by AGENTS.
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  • Conhecimento da Lingua O Contratado, pelo presente instrumento, declara expressamente que tem pleno conhecimento da língua inglesa e que leu, compreendeu e livremente aceitou e concordou com os termos e condições estabelecidas no Plano e no Acordo de Atribuição (“Agreement” xx xxxxxx).

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

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