Covenants of Deepwater. 29 SECTION 6.2 Certain Covenants of the Charter Trustee, the Investment Trustee and the Investment Trust . . . . . . . 34 SECTION 6.3 Covenants of the Certificate Purchasers . . . . . . . . . 36 SECTION 6.4 Covenants of the Members. . . . . . . . . . . . . . . . . 37 SECTION 6.5 Hedging Agreements. . . . . . . . . . . . . . . . . . . . 38 SECTION 6.6
Covenants of Deepwater. (a) No Other Business. From the date hereof to the expiration or ------------------ termination of the Charter Term, Deepwater shall not (i) engage in any business other than as expressly contemplated by the Transaction Documents, the Head Lease Documents (if any), the Drilling Contract or the Services Agreements; (ii) become a party to any agreement other than this Agreement, the other Transaction Documents, the Drilling Contract, the Drilling Contract Guaranty, the Services Agreements, the Construction Contract, the Construction Documents, the Head Lease Documents (if any), and any other agreements incidental to the performance of its obligations hereunder or thereunder; (iii) amend, modify or supplement the Drilling Contract, the Drilling Contract Guaranty, or the Services Agreements in any manner that would have an adverse effect on the rights or interests of the Charter Trustee, the Investment Trust or the Certificate Purchasers without the prior written consent of the Majority Certificate Purchasers; (iv) make any distributions to its Members so long as an Event of Loss has occurred or a Material Default or Event of Default has occurred and is continuing; or (v) incur any Indebtedness other than Permitted Indebtedness. Deepwater shall provide the Charter Trustee with substantially final drafts of any amendments, modifications or supplements to the Drilling Contract, the Drilling Contract Guaranty or the Services Agreements at least ten (10) Business Days prior to the effectiveness of such amendments, modifications or supplements.
Covenants of Deepwater. (a) No Other Business. From the date hereof to the expiration or ------------------- termination of the Charter Term, Deepwater shall not (i) engage in any business other than as expressly contemplated by the Transaction Documents, the Head Lease Documents (if any), the Drilling Contracts, the Rig Sharing Agreement or the Services Agreements; (ii) become a party to any agreement other than this Agreement, the other Transaction Documents, the Drilling Contracts, the Rig Sharing Agreement, the Drilling Contract Guaranties, the Services Agreements, the Construction Contract, the Construction Documents, the Head Lease Documents (if any), and any other agreements incidental to the performance of its obligations hereunder or thereunder; (iii) amend, modify or supplement the Drilling Contracts, the Rig Sharing Agreement, the Drilling Contract Guaranties, or the Services Agreements in any manner that would have an adverse effect on the rights or interests of the Charter Trustee, the Investment Trust or the Funding Participants without the prior written consent of the Majority Funding Participants; (iv) make any distributions to its Members so long as an Event of Loss has occurred or a Material Default or Charter Event of Default has occurred and is continuing; or (v) incur any Indebtedness other than Permitted Indebtedness. Deepwater shall provide the Charter Trustee with substantially final drafts of any amendments, modifications or supplements to the Drilling Contracts, the Rig Sharing Agreement, the Drilling Contract Guaranties or the Services Agreements at least ten (10) Business Days prior to the effectiveness of such amendments, modifications or supplements.
Covenants of Deepwater. 29 SECTION 6.2 Certain Covenants of the Charter Trustee, the Investment Trustee and the Investment Trust . . . . .34 SECTION 6.3
