Transocean Group definition

Transocean Group means Transocean Ltd. and its subsidiaries, other than the Company and its subsidiaries.

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Transocean Group means Transocean, each Subsidiary of Transocean other than a member of the TODCO Group immediately after the IPO Closing Date and each Person that becomes a Subsidiary of Transocean after the IPO Closing Date. For purposes of Section 7.14, Transocean Group shall include directors and officers of the Transocean Group.

Transocean Group shall have the meaning set forth in the Separation Agreement.

Examples of Transocean Group in a sentence

• You further acknowledge and agree that the Transocean Group has no obligation to reemploy, rehire or recall you, and promise that you shall not apply for re-employment with the Transocean Group.

• It is understood and agreed that the employees of Provider and the other members of the Transocean Group performing the Services are not professional providers to third parties of the types of services included in the Services and that Transocean Group employees performing Services have other responsibilities and will not be dedicated full-time to performing Services hereunder.

• The applicable Transocean Group member shall provide to the applicable Company Group member evidence of the remittance of the amount of such Transfer Taxes to the relevant Governmental Authority, including, without limitation, copies of any tax returns remitting such amount.

• The applicable Transocean Group member shall then deliver an invoice to the applicable Company Group member for such costs together with the corresponding Services Fee (an “Invoice”).

• Provider shall be entitled to provide management and other services to other companies in the Transocean Group or third party entities.

• Assistance in matters relevant to the financing of the Company Group’s activities, including forecasting, budgeting, accounts payable and receivable processing, taxation, accounting, the identification of sources of potential financing, assistance in negotiation of financing arrangements and coordination of financing with other Transocean Group companies for the benefit of the Company Group.

• You agree not to cooperate voluntarily in any third party claims against the Transocean Group.

• To the extent any member of the Transocean Group provides goods or services to any member of the TODCO Group or any member of the TODCO Group provides goods or services to a member of the Transocean Group under this Agreement or under any Ancillary Agreement, the company providing such goods or services (the "Providing Company") shall maintain complete and accurate books and records relating to costs and charges made to the company receiving such goods and services (the "Receiving Company").

• In furtherance of the foregoing, any asset transferred pursuant to this Section 2.8 to a member of the TODCO Group shall be deemed an asset of the TODCO Business, and any asset transferred to a member of the Transocean Group shall be deemed an asset of the Transocean Business.

• The Subscription Right shall be assignable, in whole or in part and from time to time, by Transocean to any member of the Transocean Group.

More Definitions of Transocean Group

Transocean Group means Transocean and its subsidiaries.

Transocean Group means Transocean and its Subsidiaries other than the Borrower and its Subsidiaries.

Transocean Group means Transocean and its subsidiaries. ​ HFWSP\5130392-3​ ​ Transocean Manager means Transocean or any of its Affiliates appointed by the Owner from time to time as a supervisor of the Lender's works or as a technical, commercial or operational manager of the Vessel. Year 1 means the 12 month period commencing on the Delivery Date. Year 2 means the 12 month period commencing on the first anniversary of the Delivery Date. Year 3 means the 12 month period commencing on the second anniversary of the Delivery Date. Year 4 means the 12 month period commencing on the third anniversary of the Delivery Date. Year 5 means the 12 month period commencing on the fourth anniversary of the Delivery Date. Year 6 means the 12 month period commencing on the fifth anniversary of the Delivery Date.