Restrictions on Indebtedness. (a) None of the Rig Owners shall incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents. (b) The restrictions in paragraph (a) above do not apply to;
Appears in 6 contracts
Samples: Senior Secured Credit Facility Agreement, Secured Credit Facility Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Restrictions on Indebtedness. (a) None of the Rig Owners shall incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents.
(b) The restrictions in paragraph (a) above do not apply to;
(i) Hedging. Indebtedness incurred under any interest rate or foreign exchange agreement entered into in the ordinary course of business and which are not of a speculative nature and which is subordinated in point of payment and priority to any debt created pursuant to this Agreement;
Appears in 1 contract
Samples: Secured Credit Facility Agreement
Restrictions on Indebtedness. (a) None of the Rig Owners shall incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents.
(b) The restrictions in paragraph (a) above do not apply to;
(i) Hedging
Appears in 1 contract
Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC)
Restrictions on Indebtedness. (a) None of the Rig Owners Guarantors shall incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents.
(b) The restrictions in paragraph (a) above do not apply to;
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.)
Restrictions on Indebtedness. (a) None of the Rig Owners shall incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents.
(b) The restrictions in paragraph (a) above do not apply to;
(i) Hedging Agreement. Indebtedness incurred under any Hedging Agreement entered into in the ordinary course of business and which are not of a speculative nature;
Appears in 1 contract
Restrictions on Indebtedness. (a) None of The Obligors (except for the Rig Owners Parent) shall not incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents.
(b) The restrictions in paragraph (a) above do not apply to;:
Appears in 1 contract
Samples: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)
Restrictions on Indebtedness. (a) None of the The Rig Owners Owner shall not incur, create or permit to subsist any Financial Indebtedness other than as incurred under the Finance Documents.
(b) The restrictions in paragraph (a) above do not apply to;
(i) Hedging
Appears in 1 contract
Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC)
