Performance Guaranties means, collectively, guaranties by the Borrower or any of its Subsidiaries of obligations of any Unrestricted Subsidiary (but not of Indebtedness of any Unrestricted Subsidiary) not to exceed in the aggregate amount outstanding of $200,000,000 at any time.

Performance Guaranties means all Guaranties of the Borrower or any of its Subsidiaries delivered in connection with the construction financing of drill ships, offshore mobile drilling units or offshore drilling rigs for which firm drilling contracts have been obtained by the Borrower, any of its Subsidiaries or a SPV.

Performance Guaranties means all guaranties of TINC, Holdings, or any other Member of the Consolidated Group delivered in connection with the construction financing of Rigs for which firm drilling contracts have been obtained by TINC, Holdings or any other Member of the Consolidated Group.

Examples of Performance Guaranties in a sentence

To the extent practicable, the MEP Participants and the Turnkey Contractor shall seek to implement a resolution that avoids such adjustments to the Lump Sum Fixed Price or the Performance Guaranties.
The MEP Participants, without invalidating this Agreement, may order Scope Changes to the Work, in which event one or more of the Lump Sum Fixed Price, the Guaranteed Completion Date, the Milestone/Progress Payment Schedule, the Work Schedule and/or the Performance Guaranties shall be adjusted or modified only to the extent necessary in light of such Scope Changes.
This assessment is in addition to the Performance Guaranties as set forth in Exhibit C.
In case of a termination of part of the Work during the third Phase, the MEP Participants will authorise a Scope Change Order making any required adjustments to one or more of the Lump Sum Fixed Price, the Guaranteed Completion Dates, the Milestone/Progress Payment Schedule, the Work Schedule and/or the Performance Guaranties, as appropriate.
The Turnkey Contractor shall perform, and re-perform if necessary, all Work-related tests (as provided in Article 7) in order to demonstrate the achievement by the Facilities of the Performance Guaranties; provided, however that test water and locations for disposal of the test water necessary for hydrostatic tests shall be provided by the MEP Participants at no cost to the Turnkey Contractor.

More Definitions of Performance Guaranties

Performance Guaranties means all Guaranties of the Borrower, Holdings, or any other Member of the Consolidated Group delivered in connection with the construction financing of Rigs for which firm Drilling Contracts have been obtained by the Borrower, Holdings, or any other Member of the Consolidated Group or an SPV.

Performance Guaranties means all Guaranties of performance (and not financial Guaranties) of the Parent Borrower or any of its Restricted Subsidiaries delivered in connection with the construction, operation, ownership or financing of drill ships, offshore mobile drilling units or offshore drilling rigs.

Performance Guaranties means all guaranties of the Company, the Parent, or any other Member of the Consolidated Group delivered in connection with the construction financing of Drillship or Drilling Rig for which firm drilling contracts have been obtained by the Company, the Parent or any other Member of the Consolidated Group.

Performance Guaranties means (a) Performance Letters of Credit that do not constitute Letters of Credit and (b) Specified Surety Bonds.

Performance Guaranties means all Guaranties of the Borrower or any other Member of the Consolidated Group delivered in connection with the construction financing of drill ships, offshore mobile drilling units or offshore drilling rigs for which firm drilling contracts have been obtained by the Borrower, any other Member of the Consolidated Group or a SPV.

Performance Guaranties means, collectively, guaranties by the Borrower of obligations of any Unrestricted Subsidiary (but not of Indebtedness of any Unrestricted Subsidiary) not to exceed in the aggregate amount outstanding of $85,000,000 at any time.

Performance Guaranties means (a) Performance Letters of Credit that do not constitute letters of credit under the First Lien Credit Agreement and (b) Specified Surety Bonds.