Collateral Rig Mortgage means a first preferred or priority mortgage, as the case may be, and deed of covenants, if applicable, substantially in the form of Appendix H, as such mortgage (and deed of covenants, as applicable) may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof, in each case granted by the Collateral Rig Owner in favor of the Collateral Agent, as security trustee and/or as mortgagee.
Collateral Rig Mortgage means a first preferred mortgage, substantially in the form of Exhibit C-1, C-2 or C-3 for each of Liberia, Xxxxxxxx Islands and Vanuatu, respectively, or such other form (whether for one of those jurisdictions or another jurisdiction) as may be reasonably satisfactory to the Administrative Agent and Borrower, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
Collateral Rig Mortgage means a mortgage substantially in the form provided to the Credit Facility Collateral Agent in respect of the Credit Facility Claims and Excess Credit Facility Claims, subject to differences reflecting differing priority of Liens, or such other form as may be reasonably satisfactory to the Notes Collateral Agent and the Issuer, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
Examples of Collateral Rig Mortgage in a sentence
Each Collateral Rig is covered by all such insurance as is required in accordance with the requirements of the respective Collateral Rig Mortgage and Section 9.03.
Each of the Holders by acquiring the Securities is hereby deemed to have directed the Trustee to appoint the Collateral Agent as its mortgagee and security trustee to receive, hold, administer and enforce the Collateral Rig Mortgage covering the Collateral Rig, as contemplated under this Indenture.
To ensure the legality, validity, enforceability or admissibility in evidence of each such Collateral Rig Mortgage in the applicable Acceptable Flag Jurisdiction or the jurisdiction of the applicable Credit Party party thereto, it is not necessary that any Collateral Rig Mortgage or any other document be filed or recorded with any court or other authority in any such jurisdiction, except as have been, or will be, made.
In addition to the requirements of the immediately preceding sentence, the Parent will at all times cause the Required Insurance to (i) be maintained and (ii) comply with the insurance requirements of each Collateral Rig Mortgage and the other Security Documents.
Each of the Holders by acquiring the Securities is hereby deemed to direct the Trustee to appoint the Collateral Agent as its mortgagee and security trustee to receive, hold, administer and enforce the Collateral Rig Mortgage covering the Collateral Rig, as contemplated under this Indenture.
More Definitions of Collateral Rig Mortgage
Collateral Rig Mortgage means a mortgage substantially in the form attached hereto as Exhibit E (with respect to a Rig with a flag jurisdiction of the Republic of Liberia) or in such form as may be reasonably satisfactory to the Collateral Agent and the Issuer, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
Collateral Rig Mortgage means that certain First Preferred Ship Mortgage, dated February 1, 2019 by the Assignor, as Shipowner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly assigned to it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. For and on behalf of TRANSOCEAN POSEIDON OPCO, INC. By: Name: Title: This ACCOUNT AND RECEIVABLES PLEDGE AGREEMENT dated as of February 1, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by TRITON POSEIDON GMBH, a Swiss limited liability company (the “Pledgor”), in favor of XXXXX FARGO BANK, NATIONAL ASSOCIATION, in its capacity as collateral agent (in such capacity, together with any successor collateral agent, the “Collateral Agent”) for the Secured Creditors (as such term is defined in the Indenture referred to below).
Collateral Rig Mortgage means that certain First Preferred Ship Mortgage, dated December 8, 2016 by the Assignor, as Shipowner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly assigned to it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. For and on behalf of By: Name: Title: This ACCOUNT AND RECEIVABLES PLEDGE AGREEMENT dated as of December 8, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by TRITON CAPITAL I GMBH, a Swiss limited liability company (the “Pledgor”), in favor of XXXXX FARGO BANK, NATIONAL ASSOCIATION, in its capacity as collateral agent (in such capacity, together with any successor collateral agent, the “Collateral Agent”) for the Secured Creditors (as such term is defined in the Indenture referred to below).
Collateral Rig Mortgage means that certain first preferred mortgage, dated [________ __, 20__] by the Assignor, as Owner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly executed by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. For and on behalf of [CHARTERER] By: Name: Title: [ ], [ ]
Collateral Rig Mortgage means that certain Ship Mortgage Deed, dated May 24, 2019, by the Assignor, as Shipowner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly assigned to it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. SONGA OFFSHORE RIG 2 AS By: Name: Title: This RECEIVABLES PLEDGE AGREEMENT dated as of May 24, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by TRANSOCEAN [EQUINOX/ENDURANCE] LIMITED, a Cayman Islands exempted company limited by shares (the “Pledgor”), in favor of XXXXX FARGO BANK, NATIONAL ASSOCIATION, in its capacity as collateral agent (in such capacity, together with any successor collateral agent, the “Collateral Agent”) for the Secured Creditors (as such term is defined in the Indenture referred to below).
Collateral Rig Mortgage means, with respect to each Collateral Rig, a first preferred mortgage, in substantially the form of Exhibit 1.1A attached hereto, or such form as may be reasonably satisfactory to the Administrative Agent, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
Collateral Rig Mortgage means a first preferred or priority mortgage, as the case may be, and deed of covenants, if applicable, a form of which is to be executed on or about the Issue Date, with such changes to such form as are necessary or advisable to account for local law requirements and as such mortgage (and deed of covenants, as applicable) may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof, in each case granted by a Collateral Rig Owner in favor of the Collateral Agent, as security trustee and/or as mortgagee.