Newbuild Debtors definition

Newbuild Debtors means Alpha Admiral Company and Alpha Archer Company, each respectively as buyer, and Atwood Oceanics Pacific Limited, as guarantor.
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Newbuild Debtors means, collectively, Seadrill Aquila Ltd., Seadrill Libra Ltd., Seadrill Draco Ltd., and Seadrill Dorado Ltd.
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Newbuild Debtors has the meaning set forth in the Restructuring Term Sheet.
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Examples of Newbuild Debtors 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.

  • Class 9 consists of any General Unsecured Claims against the Debtors other than the Newbuild Debtors.

  • Class C3 consists of all General Unsecured Claims against the Newbuild Debtors and Seadrill UK Ltd.

  • 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.

  • Holders of Allowed General Unsecured Claims against Other Seadrill Debtors other than the Newbuild Debtors are conclusively presumed to have accepted the Plan under section 1126(f) of the Bankruptcy Code.

  • Class C2 consists of all General Unsecured Claims against Other Seadrill Debtors other than the Newbuild Debtors and Seadrill UK Ltd.

  • 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.

  • 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 Noteholders.

  • On the Effective Date, each holder of an Allowed General Unsecured Claim against an Other Seadrill Debtor other than the Newbuild Debtors shall, at the election of the applicable Debtor, be (a) Reinstated or (b) paid in full in Cash.


More Definitions of Newbuild Debtors

Newbuild Debtors means Alpha Admiral Company and Alpha Xxxxxx Company, each respectively as buyer, and Xxxxxx Oceanics Pacific Limited, as guarantor.
Sample 1
Newbuild Debtors has the meaning set forth in the Restructuring Term Sheet. “New Secured Notes” has the meaning set forth in the Restructuring Term Sheet.
Sample 1

Related to Newbuild Debtors

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A. a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at Voula Center, Xxxxxxxx Xxxxxx Xxxxxx 000-000, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • 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;

  • Approved Classification Society means, in relation to a Ship, a classification society which is a member of IACS (other than the China Classification Society and the Russian Maritime Registry of Shipping) and acceptable to the Agent;

  • Collecting Society/ies means a society for the protection of intellectual property or collection of royalties and similar consideration for the use of any intellectual property rights in any jurisdiction(s) in the World (including any ‘collecting society’ established under the Copyright Act 98 of 1978, as amended).

  • Lead contractor means a person who has met the Board's requirements and has been issued a

  • existing vessel means a vessel that is not a new fishing vessel.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

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

  • Procurement item means an item of personal property, a technology, a service, or a construction project.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • Approved Petroleum Engineer means any reputable firm of independent petroleum engineers as shall be selected by Borrower and approved by Administrative Agent, such approval not to be unreasonably withheld.

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • Construction management contract means a contract in which a party is retained by the owner to

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Vessels shall have the meaning set forth in the recitals.

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • Job order contracting means a project delivery method in which:

  • Cure Claim means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • EPC means engineering, procurement and construction;

  • Scheme Manager Means Gloucestershire County Council as administering authority of the Gloucestershire Local Government (LGPS) Pension Fund

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • 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.

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.