Seadrill Canada Payment Obligation definition

Seadrill Canada Payment Obligation has the meaning set forth in the Recitals of this Agreement.
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Examples of Seadrill Canada Payment Obligation in a sentence

  • Seadrill Offshore hereby sells, assigns and transfers 100% of the equity interests in Seadrill Canada to Seadrill Opco Sub in exchange for the Seadrill Canada Payment Obligation owed by Seadrill Opco Sub to Seadrill Offshore.

  • Seadrill Offshore hereby sells, assigns and transfers 100% of the equity interest in Seadrill Canada to Seadrill Opco Sub in exchange for the Seadrill Canada Payment Obligation owed by Seadrill Opco Sub to Seadrill Offshore.

Related to Seadrill Canada Payment Obligation

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Settlement Obligations means, in the case of the Buyer, its obligations under clauses 2.5(1) and 5.1(1) and, in the case of the Seller, its obligations under clauses 5.1(1), 5.3(1)(a) – (e) and 5.5;

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Investment Obligations means and include, except as otherwise provided in the Supplemental Indenture providing for the authorization of Bonds, any of the following securities, if and to the extent that such securities are legal investments for funds of the Issuer;

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.