Common use of Secured Amount Clause in Contracts

Secured Amount. The amount secured under this Agreement is limited to a maximum principal amount equal to the lesser of (i) the Secured Obligations and (ii) USD 1,750,000,000 plus any unpaid amounts of interest and default interest under the Note Documents and enforcement costs.

Appears in 2 contracts

Sources: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)