Common use of Covenants of Seadrill Prior to the Closing Date Clause in Contracts

Covenants of Seadrill Prior to the Closing Date. From the date of this Agreement to the Closing Date, Seadrill shall cause each of the Transferred Subsidiaries to conduct their business in the usual, regular and ordinary course in substantially the same manner as previously conducted. Seadrill shall not permit any of the Transferred Subsidiaries to enter into any material contracts or other material written or oral agreements prior to the Closing Date, other than such contracts and agreements as have been disclosed to the Company prior to the date of this Agreement, without the prior consent of the Company (such consent not to be unreasonably withheld). In addition, Seadrill shall not permit any of the Transferred Subsidiaries to take any action that would result in any of the conditions to the contributions, purchases, sales and equity issuances set forth in Article II not being satisfied. Furthermore, Seadrill hereby agrees and covenants that it:

Covenants of Seadrill Prior to the Closing Date. From the date of this Agreement to the Closing Date, Seadrill shall cause each of the Transferred Subsidiaries Seadrill Polaris to conduct their its business in the usual, regular and ordinary course in substantially the same manner as previously conducted. Seadrill shall not permit any of the Transferred Subsidiaries Seadrill Polaris to enter into any material contracts or other material written or oral agreements prior to the Closing Date, other than such contracts and agreements as have been disclosed to the Company Seadrill Operating prior to the date of this Agreement, without the prior consent of the Company Seadrill Operating (such consent not to be unreasonably withheld). In addition, Seadrill shall not permit any of the Transferred Subsidiaries Seadrill Polaris to take any action that would result in any of the conditions to the contributions, purchases, sales purchase and equity issuances sale set forth in Article II not being satisfied. Furthermore, Seadrill hereby agrees and covenants that it: