Common use of MAT JACKUP RIG ASSETS Clause in Contracts

MAT JACKUP RIG ASSETS. The term “Mat Jackup Rig Assets” means the 21 mat-supported jackup rigs owned directly or indirectly by Pride International, Inc. on the date of the Agreement (which includes the Pride Wyoming, which the parties recognize may be a total loss as a result of Hurricane Ike).

Appears in 4 contracts

Samples: Confidentiality Agreement (Pride SpinCo, Inc.), Confidentiality Agreement (Pride SpinCo, Inc.), Confidentiality Agreement (Pride International Inc)

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