Examples of PIGAP II in a sentence
WilPro Energy Services (PIGAP II) Limited Notes to Financial Statements (continued) 2.
WilPro Energy Services (PIGAP II) Limited Notes to Financial Statements (continued) 6.
WilPro Energy Services (PIGAP II) Limited Notes to Financial Statements (continued) 7.
WilPro Energy Services (PIGAP II) Limited Notes to Financial Statements (continued) 3.
Organization and Description of Business WilPro Energy Services (PIGAP II) Limited (the Company) was incorporated in the Cayman Islands in July 1998.
WilPro Energy Services (PIGAP II) Limited Statements of Shareholders’ Equity Accumulated Additional Other Common Stock Paid-In Retained Comprehensive Class A Class B Capital Earnings Loss Total See accompanying notes.
At the end of the contract, PDVSA has the option to 1) renew the current service agreement, allowing the Company to retain ownership of the assets, 2) purchase the PIGAP II assets at book value, which is expected to be an insignificant amount, and either retain the Company under an operations and management agreement or terminate its relationship with the Company, or 3) require the Company to dismantle the assets and restore the land to its original condition.
WilPro Energy Services (PIGAP II) Limited Notes to Financial Statements (continued) 8.
Related Party Transactions The Company reimburses shareholders and affiliated companies (including the following subsidiaries of Williams International Company: WilPro Energy Services (PIGAP II) Limited, Williams International Venezuela Limited, and Williams International Services Company) for expenses incurred on behalf of the Company.
Upon the closing of the PIGAP II financing and receipt of the proceeds called for by Section 1.2(a)(ii) hereof, one or more of the Sellers or their Affiliates shall, to the extent a guarantee is required by the lenders of the PIGAP II financing, guarantee the repayment of the sum of 30% multiplied by the obligation under the PIGAP II financing until such time as the lenders of the PIGAP II financing release such guarantee upon the terms of such financing.