Common use of RIG TOTAL LOSS AND RIG DAMAGE Clause in Contracts

RIG TOTAL LOSS AND RIG DAMAGE. 7.1. If between the date of this agreement and Completion a Rig Total Loss occurs (a “Rig Total Loss Event”), the Seller Parent shall promptly notify the Buyer in writing of such loss and describe in reasonable detail the particulars of such Rig Total Loss Event.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Noble Corp), Asset Purchase Agreement (Noble Finance Co), Asset Purchase Agreement (Noble Corp)

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