Seadrill Operating definition

Seadrill Operating has the meaning set forth in the opening paragraph of this Agreement.
Sample 1Sample 2Sample 3
Seadrill Operating means Seadrill Operating LP, a limited liability company being a partly owned subsidiary of the Parent, incorporated under the laws of the Republic of the Xxxxxxxx Islands with registration number 950049.
Sample 1Sample 2
Seadrill Operating means Seadrill Partners Operating LLC, a limited liability company formed under the laws of the Republic of the Xxxxxxxx Islands with registration number 962381 and whose registered address is situated at Trust Company Complex, Ajeltake Island, Xxxxxxxx Xxxx, Xxxxxx, Xxxxxxxx Xxxxxxx MH96960.
Sample 1

Examples of Seadrill Operating in a sentence

  • The proportions of the equity interests contributed to Seadrill Operating by each of Seadrill and the Company under Section 2.1, Section 2.4 and Section 2.5, are such that, following those contributions and the contribution of IPO proceeds described in Section 3.4(b) by the Company to Seadrill Operating, Seadrill and the Company, respectively, will own 70% and 30% limited partner interests in Seadrill Operating.

  • Seadrill Opco Sub will issue 100 of its units to Seadrill Operating in exchange for this contribution.

  • An instrument in writing by the Company, Seadrill Operating and Seadrill Capricorn Holdings, on the one hand, or Seadrill and Seadrill Americas, on the other hand, may waive compliance by the other with any term or provision of this Agreement that such other Party was or is obligated to comply with or perform.

  • The partnership agreement of Seadrill Operating LP provides that certain actions relating to Seadrill Operating LP must be approved by its board of directors.

  • Each of the Company, Seadrill Operating, Seadrill Capricorn and Seadrill Sirius hereby declares that the appointment hereby made and the powers hereby granted are coupled with an interest and are and shall be irrevocable and perpetual and shall not be terminated by any act of the Company, Seadrill Operating, Seadrill Capricorn and Seadrill Sirius or their successors or assigns or by operation of law.

  • These actions include, among other things, establishing maintenance and replacement capital and other cash reserves and the determination of the amount of quarterly distributions by Seadrill Operating LP to its partners, including us.

  • OP GP has, and on the Closing Date and any settlement date, will have, full limited liability company power and authority to act as the general partner of Seadrill Operating as described in the Disclosure Package and the Prospectus.

  • Seadrill owns 70% of the limited partner interest in Seadrill Operating LP (“OPCO”); AND Seadrill Partners owns 30% of the limited partner interest and, indirectly, the non-economic general partner interest in OPCO, through its ownership of Seadrill Operating GP LLC, the general partner of OPCO (the “General Partner”); AND Seadrill Partners wishes to purchase from Seadrill, and Seadrill wishes to sell to Seadrill Partners, 28% of the limited partner interests in OPCO.

  • The Company shall contribute to Seadrill Operating a 30% ownership interest in each of Seadrill Xxx and Seadrill Ghana, and Seadrill Operating shall accept such ownership interests.

  • Xxxxxx Title: Attorney-in-fact Seadrill Operating LP By: /s/ Xxxxxxxx X.


More Definitions of Seadrill Operating

Seadrill Operating shall have the meaning assigned to such term in the opening paragraph of this Agreement. “Seadrill Partners Operating” shall have the meaning assigned to such term in the opening paragraph of this Agreement.
Sample 1
Seadrill Operating means Seadrill Operating LP, a limited partnership formed under the laws of the Republic of the Marshall Islands and whose registered address is situated at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960, registration number 950049.
Sample 1
Seadrill Operating has the meaning set forth in the Recitals of this Agreement.
Sample 1

Related to Seadrill Operating

  • co-operative means a co-operative registered in terms of section 7 of Cooperatives Act, 2005 (Act No. 14 of 2005)

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;

  • Operating or "Operation" means to provide (or the provision of) all the operation, engineering, purchasing, repair, supervision, training, inspection, testing, protection, use, management, improvement, replacement, refurbishment, retirement, and maintenance activities associated with operating the Generating Facility in accordance with Prudent Electrical Practices.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Onshore means all facilities except those that are located in the territorial seas or on the outer continental shelf.

  • Fossil fuel-fired means the combustion of fossil fuel or any derivative of fossil fuel, alone or in combination with any other fuel, independent of the percentage of fossil fuel consumed in any calendar year (expressed in mmBtu).

  • CBM means Capacity Benefit Margin.

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • LNG means liquefied natural gas.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • BHP means BHP Minerals Pty. Ltd. and its successors and assigns who are parties with the State to the Processing Agreement;

  • tour operator means, with the exception of an air carrier, an organiser within the meaning of Article 2, point 2, of Council Directive 90/314/EEC of 13 June 1990 on package travel, package holidays and package tours (2);

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • CPET means the UK Government’s Central Point of Expertise on Timber.

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • Energy means electricity, natural gas, steam, hot or chilled water, fuel oil, or other product for use in a building, or renewable on-site electricity generation, for purposes of providing heating, cooling, lighting, water heating, or for powering or fueling other end-uses in the building and related facilities, as reflected in Utility bills or other documentation of actual Energy use.