Transocean Group definition
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.
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.
Provider shall be entitled to provide management and other services to other companies in the Transocean Group or third party entities.
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”).
Transocean shall not make, and shall not permit any member of the Transocean Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against TODCO or any member of the TODCO Group, or any other Person released pursuant to Section 3.1(b), with respect to any Liabilities released pursuant to Section 3.1(b).
Upon any such exercise of the Subscription Right, TODCO will, prior to the applicable Issuance Event Date, deliver to Transocean (or any member of the Transocean Group designated by Transocean), against payment therefor, certificates (issued in the name of Transocean or its permitted assignee hereunder or as directed by Transocean) representing the shares of TODCO Stock being purchased upon such exercise.
Notwithstanding anything herein to the contrary, no member of the TODCO Group shall be deemed an Affiliate of any member of the Transocean Group and no member of the Transocean Group shall be deemed an Affiliate of any member of the TODCO Group.
Except as expressly set forth in this Agreement or in an Ancillary Agreement, TODCO, Transocean Holdings and Transocean understand and agree that no member of the Transocean Group is representing or warranting to TODCO or any member of the TODCO Group in any way as to the TODCO Business or the TODCO Liabilities.