Common use of Performance under Contracts; Non-Interference Clause in Contracts

Performance under Contracts; Non-Interference. (a) Holdings shall cause each Collateral Rig Operator to duly and punctually perform and observe in all material respects all obligations and conditions under any applicable Bareboat Charters and Drilling Contracts in effect at any time. (b) Each Collateral Rig Owner shall duly and punctually perform and observe in all material respects all obligations and conditions under any applicable Bareboat Charter in respect of its applicable Collateral Rig. (c) Each of the Company, Holdings and each Subsidiary of Holdings, shall not (i) interfere with a Collateral Rig Operator’s performance under any applicable Drilling Contract and rights of a Collateral Rig Operator to receive the benefits thereunder, (ii) cause, directly or indirectly, a Collateral Rig Operator to breach its obligations under any applicable Drilling Contract, or (iii) otherwise interfere with any applicable Drilling Contract in any manner other than providing assistance to a Collateral Rig Operator to perform its obligations under the applicable Drilling Contract.

Performance under Contracts; Non-Interference. (a) Holdings shall cause each the Collateral Rig Operator to duly and punctually perform and observe in all material respects all obligations and conditions under any applicable Bareboat Charters Charter (in instances where there is a Bareboat Charter in effect) and the Drilling Contracts in effect at any timeContract. (b) Each In instances where there is a Bareboat Charter in effect, the Collateral Rig Owner shall duly and punctually perform and observe in all material respects all obligations and conditions under any applicable the Bareboat Charter in respect of its applicable Collateral RigCharter. (c) Each of the CompanyTINC, Holdings and each Subsidiary of Holdings, shall not (i) interfere with a the Collateral Rig Operator’s performance under any applicable the Drilling Contract and rights of a the Collateral Rig Operator to receive the benefits thereunder, (ii) cause, directly or indirectly, a the Collateral Rig Operator to breach its obligations under any applicable the Drilling Contract, or (iii) otherwise interfere with any applicable the Drilling Contract in any manner other than providing assistance to a the Collateral Rig Operator to perform its obligations under the applicable Drilling Contract.