Parent Support. The Parent undertakes to provide the Borrower all technical and commercial support and assistance necessary to ensure an ownership and operation by the Borrower of the Drilling Unit in compliance with the Finance Documents and any Charter Contract . The Parent and the Borrower undertakes that to the extent any Intra-Group Charterer is appointed in terms of the Drilling Unit, such Intra-Group Charterer shall accede to this Agreement as Guarantor, with all related Security Documents being provided in respect of such Intra-Group Charterer.
Appears in 2 contracts
Sources: Term Loan and Revolving Credit Facilities Agreement, Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)