Satisfactory Drilling Contract Clause Samples
Satisfactory Drilling Contract. 2.1 A copy of the Satisfactory Drilling Contract for the relevant Drillship and of all documents signed or issued under or in connection with it by the relevant Drillship Owner and the Client (or both of them).
2.2 A certificate of an authorised signatory of the Borrower that the Satisfactory Drilling Contract for the relevant Drillship is in full force and existence and that there has been no amendments to it.
2.3 A summary of the Satisfactory Drilling Contracts prepared by legal advisors to the Finance Parties.
2.4 Board resolutions and powers of attorneys evidencing the due authorisation and execution by the relevant Drillship Owner and the Intra-Group Charterer of all documents to be executed by that Drillship Owner and Intra-Group Charterer under or in connection with the relevant Bareboat Charter and/or a Satisfactory Drilling Contract.
Satisfactory Drilling Contract. 5.1 A copy of the Satisfactory Drilling Contract for the relevant Drillship and of all documents signed or issued under or in connection with it.
5.2 A certificate of an authorised signatory of the Borrower that the Satisfactory Drilling Contract for the relevant Drillship is in full force and existence and that there has been no amendments to it.
5.3 A summary of the Satisfactory Drilling Contracts prepared by legal advisors to the Finance Parties.
5.4 Board resolutions and powers of attorneys evidencing the due authorisation and execution by the relevant Drillship Owner and the Intra-Group Charterer of all documents to be executed by that Drillship Owner and Intra-Group Charterer under or in connection with the relevant Bareboat Charter and/or a Satisfactory Drilling Contract.