Transocean Member definition

Transocean Member means Transocean Partners Holdings Limited, a Cayman Islands exempted company, and any successor or permitted assign that is admitted to the Company as the Transocean Member (except as the context otherwise requires). For the avoidance of doubt, such Person shall be the Transocean Member solely with respect to the Transocean Member Interest and shall be a Non-Transocean Member with respect to any Non-Transocean Member Interests of such Person.
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Transocean Member has the meaning set forth in the Company LLC Agreement.
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Examples of Transocean Member in a sentence

  • Transocean grants to the Company a nontransferable, nonexclusive, royalty-free right and license to use the Transocean Marks for so long as Transocean controls the Transocean Member (as defined in the LLC Agreement).

  • Notwithstanding anything to the contrary in this Agreement or any duty otherwise existing at law or equity, the existence of the conflicts of interest described in the IPO Registration Statement and any actions of the Transocean Member or any of its Affiliates or Associates or any other Indemnitee taken in connection therewith are hereby approved by all Members and shall not constitute a breach of this Agreement or of any duty.

  • The Initial Transocean Member has caused the Certificate of Formation to be filed with the Registrar of Corporations of the Xxxxxxxx Islands as required by the Xxxxxxxx Islands Act.

  • At the Effective Time, by virtue of the Merger, (A) the Company Common Units that are held by Parent, Holdings or Merger Sub or by any Subsidiary of Parent immediately prior to the Effective Time (the “Excluded Common Units”), (B) the Subordinated Units, (C) the Transocean Member Interest and (D) the Incentive Distribution Rights shall remain outstanding as Membership Interests in the Surviving Entity, unaffected by the Merger.

  • Any indemnification pursuant to this Section 7.15 shall be made only out of the assets of the Company, it being agreed that the Transocean Member shall not be personally liable for such indemnification and shall have no obligation to contribute or loan any monies or property to the Company to enable it to effectuate such indemnification.

  • At Vendor’s request, Dealer will keep all such financial information confidential and will not disclose it to any other party except in accordance with the requirements of section 12 of the Terms.

  • In this regard, the Initial Transocean Member will be treated as having made Capital Contributions to the Company to the extent of the excess of (i) the Net Agreed Value of the Company’s proportionate share of the assets so transferred or assigned, over (ii) the consideration paid by the Company to the Initial Transocean Member in connection with this initial contribution.

  • Any determination by the Transocean Member or any of its Affiliates to enter into such contracts shall, in each case, be at its option.

  • Such removal shall be effective immediately following the admission of a successor Transocean Member pursuant to Section 10.3. Any successor Transocean Member elected in accordance with the terms of this Section 11.2 shall be subject to the provisions of Section 10.3.

  • The Liquidator (if other than the Transocean Member) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of at least a majority of the Outstanding Common Units and Subordinated Units, voting as a single class.

Related to Transocean Member

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • Common Member means a Member holding Common Units.

  • Association Member means an owner or a member of an association.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Employee Member means a member of the “Bargaining Unit”.

  • Member Company means a “service recipient” as defined in Treasury Regulation § 1.409A-1(h)(3).

  • Scheme Member means an Eligible Person who is included in the Scheme as per the Scheme rules as member of that Scheme.

  • Council Member means a member of the Council;

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • non-member means a person (national or overseas) who is not a member of the Teaching Service e.g. new graduate, new overseas recruit, resigned teacher etc..

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Member means a member of the Board;

  • Unit Holder means a person holding units in the scheme of the Mutual Fund.

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Equity Member means (a) each entity with a direct interest in the Proposer (whether as a member, partner, joint venture member, or otherwise), (b) each entity proposed to have a direct interest in Developer (whether as a member, partner, joint venture member, or otherwise), and (c) each entity that will have an indirect interest in the Proposer or Developer through one or more intermediaries. Notwithstanding the foregoing, if the Proposer is a publicly traded company, shareholders with less than a 10% interest in the Proposer shall not be considered Equity Members.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Panel Member ’ means a member of a panel;

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;