Rig Owners definition

Rig Owners means the Rig A Owner and the Rig B Owner, and “Rig Owner” means either of them;
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Rig Owners means any Restricted Subsidiary of the Company owning a Collateral Vessel. “S&P” means Standard & Poor’s Financial Services LLC, or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization. “Sale and Leaseback Transaction” means any direct or indirect arrangement relating to Property now owned or hereafter acquired whereby the Company or a Restricted Subsidiary transfers that Property to another Person (other than the Company or a Restricted Subsidiary) and the Company or a Restricted Subsidiary leases it from that other Person together with any Refinancings thereof. “SEC” means the U.S. Securities and Exchange Commission. “Secured Parties” means the parties referred to under the definition of “Secured Party” in the Intercreditor Agreement. “Securities Act” means the U.S. Securities Act of 1933, as amended, or any successor statute, and the rules and regulations promulgated by the SEC thereunder. “Securitization Subsidiary” means a Subsidiary of the Company: (a) that is designated a “Securitization Subsidiary” by an Officer of the Company, (b) that does not engage in any activities other than Permitted Receivables Financings and any activity necessary, incidental or related thereto, (c) no portion of the Debt or any other obligation, contingent or otherwise, of which:
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Rig Owners means each Issue Date Rig Owner and Future Rig Owner.
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Examples of Rig Owners in a sentence

  • Holdings shall cause each of the Company, the Collateral Rig Owners and the Collateral Rig Operator to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders.

  • None of the Rig Owners shall create or permit to subsist any Security Interest save for Permitted Encumbrances over any of its present or future undertakings, property, assets, rights or revenues (whether secured by the Security Documents or not).

  • None of the Obligors shall create or permit to subsist any Security Interest, except for Permitted Encumbrances and the Security Interest under the Security Documents, over any of the assets secured by the Security Documents nor upon any of the Rig Owners present or future undertakings, property, assets, rights or revenues (not secured by the Security Documents) except of the cash collateral deposit provided under the CIRR Facility.

  • For the avoidance of doubt, during any Blocked Period, Holdings may continue to cause the Collateral Rig Operator to pay amounts due under the Bareboat Charters into the Bareboat Accounts, and the Collateral Rig Owners may continue to pay amounts due under the Bareboat Charters, if any, into the Earnings Account by delivering a Blocked Period Withdrawal Certificate.

  • The constitutional documents of each of the Rig Owners do not and could not restrict or inhibit any transfer of those shares on creation or enforcement of the Share Pledge applicable to it.

  • Any revenue generated by such rigs shall be for the sole account of the Group and shall not be shared with the Rig Owners.

  • Each Rig Owner is responsible for maintenance of each Rig that it owns but Rig Owners typically do not have the capability to perform the necessary maintenance.

  • The Borrower shall, and shall cause the Rig Owners, to maintain the flag and vessel or ship registry in an Acceptable Flag Jurisdiction with respect to the Collateral Rigs, except for (i) any such transfers or changes otherwise permitted by this Agreement and (ii) any such transfers or changes consented to in writing by the Administrative Agent (such consent not to be unreasonably withheld, delayed or conditioned).

  • There are no agreements in force which provide for the issue or allotment of, or grant any person the right to call for the issue or allotment of, any share or loan or partnership capital of either of the Rig Owners or the Borrower (including any option or right of pre-emption or conversion) other than, in the case of the Borrower, the Borrower Partnership Agreement.

  • The Parent owns (directly or indirectly) 100% of the shares and the ownership interests in each of the Rig Owners and the Intra-Group Charterers as described in Schedule 8 (Corporate Structure) hereto.


More Definitions of Rig Owners

Rig Owners means each of Rig Owner 1, Rig Owner 2, Rig Owner 3 and Rig Owner 4.
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Related to Rig Owners

  • Co-owners means (a) all the allottees of Units in the Project excepting those who (i) have either not been delivered possession of any Unit or (ii) have not got the conveyance deed in respect of any Unit to be executed and registered in their favour; and (b) for all Units which are not alienated by execution of deed of conveyance or whose possession are not parted with by the Owner/Promoter, shall mean the respective Owner and/or Promoter;

  • The Owners means the party identified in Box 3;

  • Unit Owners shall according to the context, mean all purchasers and/or intending purchasers of different Flats / apartments / Units in the Buildings and shall also include the Builder in respect of such

  • Qualifying Owners means GIP and its Subsidiaries.

  • Existing Owner means a Person who is the beneficial owner of Notes; provided, however, that for purposes of conducting an Auction, the Auction Agent may consider a Broker-Dealer acting on behalf of its customer as an Existing Owner.

  • Managing Owner as used only in this Section 4.7 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

  • Owners means any, all, or a combination of the City of Lincoln, NE, County of Lancaster, Nebraska, Xxxxxxx-Xxxxxxxxx County Public Building Commission, and/or the West Haymarket Joint Public Agency and their elected and appointed officials, officers, employees, agents, contractors, and consultants.

  • Beneficial Owners means Persons who Beneficially Own the referenced securities.

  • DTC Participants means participants within DTC.

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • The Manager The Borrower" and "Certain Legal Aspects of the Mortgage Loan," and such sections (and any other sections reasonably requested) do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, (B) indemnifying Lender (and for purposes of this Section 9.2, Lender hereunder shall include its officers and directors) or any Affiliate of Lender ("Lehman") that has filed the registration statement relating to the xxxxxxtization (the "Registration Statement"), each of its directors, each of its officers who have signed the Registration Statement and each Person or entity who controls the Affiliate within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (collectively, the "Lehman Group"), and Lehman, each of its directors and each Person wxx xxxtrols Lehman wxxxxx the meaning of Section 15 of the Securities Act and Sxxxxxx 20 of the Exchange Act (collectively, the "Underwriter Group") for any losses, claims, damages or liabilities (collectively, the "Liabilities") to which Lender, the Lehman Group or the Underwriter Group may become subject insofar as xxx Xiabilities arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in such sections or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated in such sections or necessary in order to make the statements in such sections or in light of the circumstances under which they were made, not misleading and (C) agreeing to reimburse Lender, the Lehman Group and the Underwriter Group for any legal or other expenxxx xxasonably incurred by Lender and Lehman in connection with investigating or defending the Liabilitiex; xxxvided, however, that Borrower will be liable in any such case under clauses (B) or (C) above only to the extent that any such loss claim, damage or liability arises out of or is based upon any such untrue statement or omission made therein in reliance upon and in conformity with information furnished to Lender by or on behalf of Borrower in connection with the preparation of the memorandum or prospectus or in connection with the underwriting of the debt, including, without limitation, financial statements of Borrower, operating statements, rent rolls, environmental site assessment reports and property condition reports with respect to the Property. This indemnity agreement will be in addition to any liability which Borrower may otherwise have. Moreover, the indemnification provided for in Clauses (B) and (C) above shall be effective whether or not an indemnification certificate described in (A) above is provided and shall be applicable based on information previously provided by Borrower or its Affiliates if Borrower does not provide the indemnification certificate.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.

  • Owner’s Representative has the meaning given in Section 2.2.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.

  • Administrative Trustees shall have the meaning set forth in the Trust Agreement.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • Trust Beneficial Owner means Global Funding, in its capacity as the sole beneficial owner of the Trust, and its successors.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Definitive Trust Certificates shall have the meaning set forth in Section 3.10.

  • Euroclear Operator means Euroclear Bank S.A./N.V., as operator of the Euroclear System, and its successor and assigns in such capacity.

  • Business Manager means an individual whose job function includes a majority of the following: financial budget planning and administration, insurance/risk administration, purchasing, financial accounting and reporting, facility planning, construction and maintenance; personnel

  • Limited Partners means all such Persons.