Seadrill Entity definition

Seadrill Entity means, collectively, Seadrill and each of its direct and indirect wholly- and partially-owned subsidiaries.
View Source
Seadrill Entity means (i) Seadrill Limited or (ii) any successor of Seadrill Limited or any entity, in each case, to which all or substantially all of Seadrill Limited’s assets are directly or indirectly transferred in connection with the restructuring of Seadrill Limited (whereafter Seadrill Limited shall no longer constitute a Seadrill Entity).
View Source
Seadrill Entity means Seadrill Limited, any successor of Seadrill Limited or any entity in each case to which all or substantially all of Seadrill Limited’s assets are directly or indirectly transferred in connection with the restructuring of Seadrill Limited (whereafter Seadrill Limited shall no longer constitute a Seadrill Entity).
View Source

Examples of Seadrill Entity in a sentence

  • The Company shall, not later than the 10th calendar day following receipt of such notice, notify Seadrill if it or any other Company Group Member wishes to acquire any Five-Year Drilling Rig forming part of that business or package of assets in cooperation and simultaneously with the Seadrill Entity acquiring the Non-Five-Year Drilling Rigs forming part of that business or package of assets.

  • The Seadrill Entities hereby grant the Company a right of first offer on any proposed Transfer of any (i) Five-Year Drilling Rigs owned or acquired by any Seadrill Entity after the Closing Date, and (ii) partnership interests in Operating LP or limited liability company interests in Holdings LLC (in each case, “OPCO Equity Interests”) by Seadrill.

  • Except as set forth in the Disclosure Package and the Prospectus, no labor problem or dispute with the employees of any Seadrill Entity exists, or, to the knowledge of the Seadrill Parties, is threatened or imminent, and none of the Seadrill Parties is aware of any existing or imminent labor disturbance by the employees of any of the Seadrill Entities’ principal suppliers, contractors or customers, which, in any case, would reasonably be expected to have a Material Adverse Effect.

  • No relationship, direct or indirect, exists between or among any Seadrill Entity, on the one hand, and the directors, officers, stockholders, affiliates, customers or suppliers of any Seadrill Entity, on the other hand, that is required to be described in the Disclosure Package or the Prospectus but is not so described.

  • There are no contracts, arrangements or understandings between any Seadrill Entity and any person that would give rise to a valid claim against any Seadrill Entity or any Underwriter for a brokerage commission, finder’s fee or other like payment in connection with the offering of the Units.

  • If any Seadrill Entity or its Affiliates engages in the ownership or operation of Five-Year Drilling Rigs pursuant to any of the exceptions described in Section 2.2, the Seadrill Entity and its Affiliates may not subsequently expand that portion of their business other than pursuant to the exceptions contained in such Section 2.

  • A company (being a wholly owned Subsidiary of the Seadrill Entity) shall perform management services in respect of the Drillship and neither a material change nor any other adverse change (having an adverse effect on the Finance Parties’ rights and/or obligations under the Finance Documents) to such existing management arrangements shall be made without the prior written consent of the Agent (such consent not to be unreasonably withheld or delayed).

  • A company (being a wholly owned Subsidiary of the Seadrill Entity) shall perform management services in respect of the Drilling Unit and neither a material change nor any other adverse change (having an adverse effect on the Finance Parties’ rights and/or obligations under the Finance Documents) to such existing management arrangements shall be made without the prior written consent of the Agent (such consent not to be unreasonably withheld or delayed).

  • A company (being a wholly owned Subsidiary of the Seadrill Entity or the Parent) shall perform management services in respect of the Rigs, and no material change or any adverse change (having an adverse effect on the Finance Parties rights and/or obligations under the Finance Documents) shall be made to such existing management arrangements without the prior written consent of the Agent (such consent not to be unreasonably withheld or delayed).

  • Any certificate signed by any officer of any Seadrill Entity and delivered to the Representatives or counsel for the Underwriters in connection with the offering of the Units shall be deemed a representation and warranty by such Seadrill Entity, as to matters covered thereby, to each Underwriter.

Related to Seadrill Entity

  • Partnership Subsidiary means (i) any entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Partnership, or (ii) any partnership or limited liability company of which 50% or more of the capital and profits interest is owned, directly or indirectly, by the Partnership or by one or more Partnership Subsidiaries or by the Partnership and one or more Partnership Subsidiaries.

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Tribal Entity means a federally-recognized tribal entity performing tribal governmental functions and eligible for funding and services from the U.S. Department of Interior by virtue of its status as an Indian tribe.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.