Operation of Rigs. (C) All of the Land Rigs set out in Part A of Attachment 3 (Land Rigs) being: (i) operated by the Sale Group; (ii) fit for purpose on an as is basis; and (iii) the subject of an Onshore Drilling Contract with a term of at least five years or with a term equivalent to the remaining useful life of the relevant Land Rig.
Operation of Rigs. With respect to each Rig:
Operation of Rigs. 107 Section 5.15
Operation of Rigs. The Borrower will, and will cause each Subsidiary to comply with the following with respect to each Rig:
Operation of Rigs. With respect to the each Rig, the Borrower will not, and will not permit any relevant Subsidiary to:
Operation of Rigs. (i) Each Borrower agrees that it will not do or permit or willingly allow to be done any act by which any insurance or entry required by this Section 5.04 may be suspended, impaired or cancelled, and that it will not permit or allow any Rig to undertake any voyage or run any risk or transport any cargo which may not be permitted by the policies in force, without having previously insured such Rig by additional coverage to extend to such voyages, risks or cargoes.
Operation of Rigs. (a) (i) Comply with and satisfy all Legal Requirements of the jurisdiction of such Rig’s home port, now or hereafter from time to time in effect, in order that such Rig shall continue to be documented pursuant to the laws of the jurisdiction of its home port with such endorsements as shall qualify such Rigs for participation in the trades and services to which it may be dedicated from time to time or (ii) not do or allow to be done anything whereby such documentation is or could reasonably be expected be forfeited;
Operation of Rigs. (a) make any modification to any Rig which would materially or adversely alter the structure, type or performance characteristics of such Rig or which would materially reduce the value of such Rig;
