Rig Sharing Agreement definition

Rig Sharing Agreement means that Rig Sharing Agreement, dated as of April 30, 1997, among the Conoco Drilling Party, the R&B Falcon Drilling Party and Deepwater.
View Source
Rig Sharing Agreement means that certain document as agreed by the Parties, a copy of which is attached as Exhibit E.
View Source

Examples of Rig Sharing Agreement in a sentence

  • Deepwater shall provide the Charter Trustee with substantially final drafts of any amendments, modifications or supplements to the Drilling Contracts, the Rig Sharing Agreement, the Drilling Contract Guaranties or the Services Agreements at least ten (10) Business Days prior to the effectiveness of such amendments, modifications or supplements.

  • Deepwater is not in default under, and, to the knowledge of Deepwater, no other Person is in default under, any of the Services Agreements, the Drilling Contracts, the Drilling Contract Guaranties or the Rig Sharing Agreement.

  • From and after the Closing Date, the Services Agreements, the Drilling Contracts, the Drilling Contract Guaranties, the Rig Sharing Agreement and the Warranties arising under the Construction Contract are in full force and effect and have not been amended except as permitted or contemplated by the Transaction Documents.

  • The execution, delivery and performance by Deepwater of its obligations under the Construction Contract, the Services Agreements, the Drilling Contracts, the Rig Sharing Agreement, this Agreement and the other Transaction Documents to which it is a party, will not violate in any material respect any provisions of any Applicable Law.

  • No Default or Event of Default has occurred and is continuing and Deepwater is not in default in, nor has any non-permanent waiver been granted to Deepwater with respect to, the performance, observance or fulfillment of any of the obligations, conditions or covenants contained in the Construction Contract, the Drilling Contracts, the Rig Sharing Agreement or the Services Agreements.

  • There is no litigation, action, proceeding, or labor controversy to which Deepwater is a party which, if adversely determined, would adversely affect the financial condition, operations, assets, business, properties or prospects of Deepwater or which purports to affect the legality, validity or enforceability of any of the Transaction Documents, the Services Agreements, the Drilling Contracts or the Rig Sharing Agreement.

  • Deepwater shall, from the date hereof to the expiration or termination of the Charter Term, do or cause to be done, in all material respects, all things necessary to preserve and keep in full force and effect its rights and powers and franchises as a limited liability company and its power and authority to perform its obligations under the Transaction Documents, the Drilling Contracts and the Rig Sharing Agreement, including any necessary qualification or licensing in any foreign jurisdiction.

  • There is no litigation, action, proceeding, or labor ---------- controversy to which Deepwater is a party which, if adversely determined, would adversely affect the financial condition, operations, assets, business, properties or prospects of Deepwater or which purports to affect the legality, validity or enforceability of any of the Transaction Documents, the Services Agreements, the Drilling Contracts or the Rig Sharing Agreement.

  • From and after the Closing Date, the Services ------------------ Agreements, the Drilling Contracts, the Drilling Contract Guaranties and the Rig Sharing Agreement are in full force and effect and have not been amended except as permitted or contemplated by the Transaction Documents.

  • Deepwater is not in default under, and, to the knowledge of Deepwater, no other Person is in default under, any of the Construction Contract, the Services Agreements, the Drilling Contracts, the Drilling Contract Guaranties or the Rig Sharing Agreement.