Newbuild Contracts definition

Newbuild Contracts means, collectively, the DS-13 Contract and the DS-14 Contract (each as defined in the Newbuild Assumption Term Sheet), as modified by Supplemental Agreement No. 7 for the DS-13 Contract and the DS-14 Contract executed by the Newbuild Debtors and the Shipyard on February 26, 2021.
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Newbuild Contracts means, collectively:
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Newbuild Contracts means, collectively, the DS-13 Contract and the DS-14 Contract (each as defined in the Newbuild Assumption Term Sheet), as modified by the Assumption Term Sheet and that certain Seventh Supplemental Agreement, which shall be filed with the Plan Supplement.
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Examples of Newbuild Contracts in a sentence

  • In the event that the Newbuild Contracts are rejected, notwithstanding anything to the contrary in the Plan or Confirmation Order, including the injunction contained herein, the ability of the Shipyard to assert all rights and remedies under the Newbuild Contracts against the Newbuild Debtors or applicable non-bankruptcy law are reserved and preserved.

  • If the Shipyard votes in favor of the Plan, the Newbuild Contracts shall be assumed under section 365(a) of the Bankruptcy Code effective as of the Effective Date of the Plan and receipt by the Shipyard of the consideration set forth in the Plan.

  • On or prior to the Effective Date and assumption of the Newbuild Contracts, the Newbuild Debtors shall transfer their owned equipment as set forth in the Newbuild Assumption Term Sheet free and clear of all Liens and Claims to the Shipyard.

  • The effective date of rejection of the Newbuild Contracts shall be the Effective Date of the Plan unless otherwise agreed to by the Shipyard and the Newbuild Debtors with the consent of the Required Consenting Noteholders.

  • If the Shipyard does not vote in favor of the Plan, the effective date of rejection of the Newbuild Contracts shall be the Effective Date of the Plan unless otherwise agreed to by the Shipyard and the Newbuild Debtors with the consent of the Required Consenting Creditors.

  • If the Shipyard does not vote in favor of the Plan, the effective date of rejection of the Newbuild Contracts shall be the Effective Date of the Plan unless otherwise agreed to by the Shipyard and the Newbuild Debtors with the consent of the Required Consenting Noteholders.

  • Moreover, I am advised that the Debtors shared all of the proposals received with the Informal Committee (whose Secured Lenders hold first liens on and security interests in the Vessels and the vessels to be constructed pursuant to the Newbuild Contracts), which supports the Debtors’ selection of Clarkson.

  • Based on the foregoing, I believe that Clarkson is well-qualified and able to efficiently provide the requested brokerage services with respect to the Debtors’ Vessels and Newbuild Contracts.

  • Four subsidiaries of Seadrill Limited (the “ Newbuild SPEs”) are party to contracts (the “Newbuild Contracts”) guaranteed by Debtor Seadrill Limited, for the construction of a total of four drillships (the “Drillships”) with the Shipyards.3 The Newbuild Contracts represent apotential total of $1.8 billion in unsecured claims at Seadrill Limited.

  • The Debtors dispute the amount of the Newbuild Claims, including as a result of the Shipyards’ duty to mitigate any damages owing under the Newbuild Contracts and the Newbuild Claims.


More Definitions of Newbuild Contracts

Newbuild Contracts means the certain contracts for the construction and delivery of rigs bearing Hull Nos. 3619 and 2622 between the Newbuild Debtors and the Shipyard.
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Newbuild Contracts means the certain contracts for, if applicable, (b) the construction and delivery of rigs bearing Hull Nos. 3619 and 2622 betweentermination of Atwood Oceanics Pacific Limited’s guarantee on the Newbuild DebtorsContracts, and (c) any fees and expenses incurred by the Shipyard in connection with these chapter 11 cases.
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Related to Newbuild Contracts

  • 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 any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Customer Contracts has the meaning set forth in Section 1.1(b)(ii)(A).

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Seller Contracts means all Contracts (i) relating to the Business under which Seller has or may acquire any rights or benefits, (ii) relating to the Business under which Seller has or may become subject to any obligation or Liability or (iii) by which any of the Purchased Assets or Assumed Liabilities is or may become bound.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • IT Contracts means all material agreements or arrangements (whether or not in writing and including those currently being negotiated) under which any third party (including, without limitation, any source code deposit agent) provides or will provide any element of, or services relating to, the IT Systems, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Retained Contracts means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Shared Contracts means contracts pursuant to which a non-affiliated third party provides material services, Intellectual Property, Software or benefits to Seller or one or more of its Affiliates (including the Acquired Companies) in respect of both the Business and any other business of Seller and its Affiliates (other than the Acquired Companies).

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Relevant Contracts means the contracts for each shipper who is delivering Gas to the Inlet Point on that day.

  • Design-build contract means a single contract with a Design-Build Firm for the design and construction of a public construction project.