Newbuild Contract definition

Newbuild Contract means a contract existing on or after the Request Date for the construction of a drilling vessel, rig or other drilling unit between any person and any member of the Group delivery of which drilling vessel, rig or other drilling unit has not been accepted by any member of the Group as at the Request Date.
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Newbuild Contract means each and any of the contracts for the construction of the following ships:
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Newbuild Contract means all of the newbuild contracts of the Group existing on the Refinancing Closing Date (as amended from time to time), including the Guaranteed Newbuild Contracts.
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Examples of Newbuild Contract in a sentence

  • The Parent shall not (and shall ensure that no other member of the Group shall) make any direct or indirect payment to any person who is not a member of the Group under any Newbuild Contract, other than a Permitted Newbuild Contract Payment, a payment arising pursuant to a Permitted Newbuild Investment or a payment consented to by the Supra Majority Lenders.

  • If any Vessel subject to a Newbuild Contract is not delivered from the shipyard for any reason beyond the Company’s reasonable control, the Executive shall promptly repay to the Company the aggregate value as determined under this Section 4.3 of all Transaction Fees (whether paid in cash or in Transaction Fee Shares) paid to the Executive with respect to such Vessel, and the Company shall have no further obligation to pay any Transaction Fees to the Executive with respect to such Vessel transaction.


More Definitions of Newbuild Contract

Newbuild Contract has the meaning ascribed to such term in Section 4.3(a).
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Newbuild Contract means all of the newbuild contracts (as amended from time to time) of the Group existing at the Effective Time, including the Guaranteed Newbuild Contracts, being:
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Related to Newbuild Contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Prepaid contract means a contract requiring payment in advance for funeral or cemetery services or merchandise, physical delivery and retention of which would occur after death under a guaranteed price contract or a nonguaranteed price contract. Prepaid contracts do not include a contract for the sale of merchandise or funeral or cemetery services entered into after the death of the contract beneficiary.

  • Open Contract means a Contract which has not been closed out and which has not yet matured;

  • Design-build contract means a contract between a public body and another party in which the party

  • Shipbuilding Contract means each of the Vessel A Shipbuilding Contract and the Vessel B Shipbuilding Contract and in the plural means both of them;