Transocean Entities definition

Transocean Entities means Transocean Deepwater, Inc., Transocean Holdings, LLC, Transocean, Inc., Transocean, Ltd., Transocean Offshore Deepwater Drilling, Inc., and Triton Asset Leasing GmbH, together with their parents, subsidiaries, affiliates, officers, directors, employees and agents.
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Transocean Entities means Transocean and any Person controlled, directly or indirectly, by Transocean, other than the Company Group; provided, however, that for purposes of Article II, “Transocean Entities” shall not include any Affiliate of Transocean the common equity of which is listed or traded on a recognized securities exchange or quotation system.
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Examples of Transocean Entities in a sentence

  • Except to the extent otherwise provided in any agreement between one or more Transocean Entities, on the one hand, and one or more Company Group Members, on the other hand, and subject to the provisions of Section 7.3 and Section 7.4, Transocean Inc.

  • Subject to Section 9.15 and except as permitted by Section 2.2, each of the Transocean Entities shall be prohibited from acquiring, owning, operating or contracting for any Five-Year Drilling Rigs.

  • Transocean shall, not later than the 10th calendar day following receipt of such notice, notify the Company if it or any other Transocean Entities wishes to acquire any Non-Five-Year Drilling Rig forming part of that business or package of assets in cooperation and simultaneously with the Company Group Member acquiring the Five-Year Drilling Rigs forming part of that business or package of assets.

  • For the avoidance of doubt, such indemnity (i) shall be limited to any Liabilities arising out of (x) the affiliation of the Company Group and its assets with the Transocean Entities or (y) the involvement, if any, of the Company Group and its assets in the Macondo well incident and (ii) specifically shall not include any Liabilities arising from any Law or customer requests or requirements or otherwise generally applicable to other drilling contractors.

  • TPLLC shall have the right, at TPLLC’s sole cost and expense, to audit any Transocean Entity’s books and records with respect to all costs and expenses payable by TPLLC to such Transocean Entity pursuant to Section 5.1, and TSAMA shall provide or cause to be provided to TPLLC access to the relevant books and records of the Transocean Entities at reasonable times following reasonable notice and shall enable TPLLC to make copies of all relevant documents.

  • None of the Transocean Entities has taken, directly or indirectly, any action designed to or that would constitute or that might reasonably be expected to cause or result in, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Units.

  • The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Articles II and IV, with respect to (a) those business opportunities that the Transocean Entities (as defined herein) will not pursue during the term of this Agreement and (b) the procedures whereby such business opportunities are to be offered to the Company Group (as defined herein).

  • The Transocean Entities have no reason to believe that they will not be able to (i) renew their existing insurance coverage as and when such policies expire or (ii) obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct their business as now conducted and at a cost that would not reasonably be expected to have a Material Adverse Effect.

  • The Transocean Entities carry or are entitled to the benefits of insurance, with financially sound and reputable insurers, in such amounts and covering such risks as are generally deemed reasonably adequate and customary for their business, and all such insurance is in full force and effect.

  • The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Articles III and IV, with respect to (a) those business opportunities that the Company Group will not pursue during the term of this Agreement and (b) the procedures whereby such business opportunities are to be offered to the Transocean Entities.