Amendment to Events of Default. (a) Clause (1) of Section 501 of the Indenture is amended to read in its entirety as follows: (1) default in the payment of any interest or of any Tax Additional Amounts upon any 2021 Debentures when such interest or Tax Additional Amounts become due and payable and continuance of such default for a period of 30 days;
Appears in 2 contracts
Sources: Fourth Supplemental Indenture (Transocean Sedco Forex Inc), Fourth Supplemental Indenture (Transocean Sedco Forex Inc)
Amendment to Events of Default. (a) Clause (1) of Section 501 of the Indenture is amended to read in its entirety as follows:
(1) default in the payment of any interest after the conversion of the 2020 Debentures to interest-bearing 2020 Debentures pursuant to Section 1601 or of any Tax Additional Amounts upon any 2021 2020 Debentures when such interest or Tax Additional Amounts become due and payable and continuance of such default for a period of 30 days;
Appears in 1 contract
Sources: Third Supplemental Indenture (Transocean Sedco Forex Inc)