The Consideration. 2.1 The Borrower agrees, as consideration for the Loan, to: (i) continue to provide the Guarantee as security for the Secured Obligations on the terms set forth in Clause 3 below; (ii) continue to provide the security set forth in the Security Documents for the Secured Obligations on the terms set forth in Clause 4 below; and (iii) compensate the Lender as per the principles set forth in Clause 5 below.
Appears in 5 contracts
Sources: Contribution, Purchase and Sale Agreement, Contribution, Purchase and Sale Agreement (Seadrill Partners LLC), Loan Agreement (Seadrill Partners LLC)
The Consideration. 2.1 The Borrower agrees, as consideration for the Loan, to:
(i) continue to provide the Guarantee (as security for the Secured Obligations amended) on the terms set forth in Clause 3 below;
(ii) continue to provide the security set forth in the Security Documents for the Secured Obligations Lender’s obligations under the Loan Agreement (as amended) on the terms set forth in Clause 4 below; and
(iii) compensate the Lender as per the principles set forth in Clause 5 below.
Appears in 3 contracts
Sources: Loan Agreement (Seadrill Partners LLC), Loan Agreement (Seadrill Partners LLC), Loan Agreement (Seadrill Partners LLC)
The Consideration. 2.1 The Borrower agrees, in connection with and as consideration for for, the Loan, Restructuring to:
(i) continue to provide the Guarantee as security for the Secured Obligations on the terms set forth in Clause 3 below;
(ii) continue to provide the security set forth in the Security Documents for the Secured Obligations on the terms set forth in Clause 4 below; and
(iii) compensate the Lender make payments as per the principles set forth in Clause 5 below.
Appears in 1 contract
Sources: Contribution, Purchase and Sale Agreement (Seadrill Partners LLC)
The Consideration. 2.1 The Borrower agrees, as consideration for the Loan, to:
(i) continue to provide the Guarantee (as security for amended by the Secured Obligations Restatement Agreement) on the terms set forth in Clause 3 below;
(ii) continue to provide the security set forth in the Security Documents for the Secured Obligations Lender’s obligations under the Loan Agreements (as amended by the Restatement Agreement) on the terms set forth in Clause 4 below; and
(iii) compensate the Lender as per the principles set forth in Clause 5 below.
Appears in 1 contract