Offshore unit means any fixed or floating offshore installation or structure engaged in gas or oil exploration, exploitation or production activities, or loading or unloading of oil;
Offshore unit means a unit or department of a licensed commercial bank or a licensed specialized bank carrying on banking business, subject to the provisions of Part IV of the Banking Act, No. 30 of 1988, dealing with Offshore Banking ;
Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker, other vessel and any other infrastructure- or sustainability-linked unit or vessel, whose primary purpose is the storage, transportation, utilization, processing, development or exploration and/or production (or services and/or support to the same) of crude oil, hydrocarbons, advanced fuels, renewable energy, ammonia, hydrogen, carbon mitigation, fuel cells, other infrastructure or sustainability-linked products and similar products or technologies, in each case together with all related spares, equipment and any additions or improvements thereto.
Examples of Offshore unit in a sentence
Regulation D Purchasers will purchase Notes and Warrants pursuant to this Agreement and Regulation S Purchasers will purchase Notes and Warrants pursuant to an Offshore Unit and Warrant Purchase Agreement of even date herewith (the "Offshore Agreement").
The Issuer shall ensure that the total amounts outstanding under the Senior Debt Facilities (excluding Temporary Importation Facilities) and any other secured or unsecured Financial Indebtedness incurred by any Group Company on average per Drillship and, if any, per Additional Offshore Unit on a cumulative basis (the “Average Leverage”) shall never constitute more than USD 475 million (the “Average Leverage Cap”).
More Definitions of Offshore unit
Offshore unit means any vessel, offshore installation, structure and/or mobile unit used in offshore exploration, construction, pipe-laying or repair, exploitation or production.
Offshore unit means any platforms and other manmade offshore structures, fixed or floating offshore installations or structure engaged in exploration, exploitation or production activities related to hydrocarbon resources or their loading or unloading;
Offshore unit means an installation or other facility used in the petroleum activity, irrespective of whether the construction is fixed or mobile. The term offshore unit also includes pipelines and cables used in the petroleum activity;
Offshore unit meansUnits” means any vessel, offshore installation, structure and/or mobile offshore
Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker, other vessel and any other infrastructure- or sustainability-linked unit or vessel, whose primary purpose is the storage, transportation, utilization, processing, development or exploration and/or production (or services and/or support to the same) of crude oil, hydrocarbons, advanced fuels, renewable energy, ammonia, hydrogen, carbon mitigation, fuel cells, other infrastructure or sustainability-linked products and similar products or technologies, in each case together with all related spares, equipment and any additions or improvements thereto. “Offshore Unit Value” means, with respect to each Offshore Unit or group of Offshore Units, (i) with respect to the acquisition or construction of any such Offshore Unit or group of Offshore Units, the greater of (x) the aggregate contract price for the acquisition or construction of such Offshore Unit or group of Offshore Units (or the acquisition of the Capital Stock of any Person the assets of which primarily consist of such Offshore Unit or group of Offshore Units), as applicable, plus any Ready for Sea Costs with respect to such Offshore Unit or group of Offshore Units and (y) the Appraised Value of such Offshore Unit or group of Offshore Units immediately after such acquisition or construction; and (ii) with respect to the refurbishment, redeployment, recontracting, contracting or extending of a contract of any such Offshore Unit or group of Offshore Units, the greater of (a) the Appraised Value of such Offshore Unit or group of Offshore Units and (b) the fully built-up cost (actual or forecast) of such Offshore Unit or group of Offshore Units; in each case immediately after completion of such refurbishment, redeployment, recontracting, contracting or extension. “Opinion of Counsel” means an opinion from legal counsel, who is reasonably acceptable to the Trustee, that meets the requirements of Section 12.04, who may be an employee of or counsel to the Company or any Subsidiary of the Company. “Parent Guarantee” means the guarantee of the obligations of the Company under this Indenture and the Notes by the Parent Guarantor in accordance with the provisions of this Indenture. “Participant” means, with respect to the Depositary, a Person who has an account with the Depositary (and, with respect to DTC, shal...
Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker and other vessel, whose primary purpose is the storage, transportation, processing and exploration and production for crude oil or hydrocarbons, in each case together with all related spares, equipment and any additions or improvements thereto.
Offshore unit is defined for the purposes of this Charter Party as any vessel, offshore installation, structure and/or mobile unit used in offshore exploration, construction, pipelaying or repair, exploitation or production.