NSN HoldCo definition
NSN HoldCo means each new, wholly owned NSNCo subsidiary that may be formed for the purpose of directly owning Seadrill Limited’s prepetition Interests in certain of the Non-Consolidated Entities or directly holding certain receivables as set forth more fully in the Description of Transaction Steps.
NSN HoldCo has the meaning set forth in this Restructuring Term Sheet.
Examples of NSN HoldCo in a sentence
For the avoidance of doubt, where practicable and consistent with legal constraints, each of the following entities shall be transferred to sit directly below its own respective NSN HoldCo (with security taken over each NSN HoldCo but not directly over the equity in the following entities): 1.
Each NSN HoldCo to be incorporated in a jurisdiction satisfactory to the New Secured Noteholders and agreed with the Company.