Examples of Amaralina Star in a sentence
Pursuant to certain shareholder agreements (the “SHAs”), the parties formed and became shareholders in two companies under the laws of the British Virgin Islands, Amaralina Star Ltd.
In 2008, Alperton, through its affiliate Delba Drilling B.V., entered into agreements with Petrobras Brasiliero S.A. (“Petrobras”) for the construction, charter and operation of two ultra-deepwater offshore drillships (which became the Amaralina Star and Laguna Star, the “Drillships”), for which Petrobras would pay approximately $1.7 billion over six years (the “Petrobras Agreements”).
They established two special purpose offshore holding companies organized under the laws of the BVI: Amaralina Star Ltd.
In 2012, when the price of a barrel of oil had risen to over $125, the Constellation Group, along with much of the industry, experienced tremendous growth and incurred new debt obligations to expand its operations and investments, including the A/L/B Project Financings, which are discussed below and were used to finance the acquisition of the Amaralina Star, Laguna Star, and Brava Star drillships.
The GIEK Commitment Fee shall begin to accrue on the Effective Date and shall cease to accrue on the last day of the Amaralina Star MTI Tranche Availability Period, and shall be due and payable in arrears on (i) each Interest Payment Date, and (ii) the last day of Amaralina Star MTI Tranche Availability Period.
As of the Effective Date, except for, (a) in the case of Amaralina Star Ltd., Palase and Tarsus, and (b) in the case of Laguna Star Ltd., Podocarpus and Manisa, neither Borrower has Subsidiaries and beneficially owns any Capital Stock or other ownership interest of any other Person.
Each Borrowing of Amaralina Star Term Loans (other than Borrowings of Amaralina Star Bank Tranche Loans to be utilized pursuant to Sections 2.1(f)(i), 2.5(b) or 2.1(p) and Borrowings of Amaralina Star MTI Tranche Loans to be utilized pursuant to Sections 2.1(g)(i) or 2.5(c)) shall be incurred ratably among the Amaralina Star Bank Tranche Unutilized Commitments and the Amaralina Star MTI Tranche Unutilized Commitments.
Principal Xxxxxx (as of September 30, 2018) Amaralina Star Facility under the A/L Credit Agreement: USD 140.8 million, of which: o USD 127.8 million is outstanding principal balance.
After due inquiry, I do hereby certify that I am an Authorized Officer of [Amaralina Star Ltd.]3 [Laguna Star Ltd.]4, and in such capacity do hereby further certify that, as of the date hereof, no Default or Event of Default has occurred or is continuing.5 1 To be included in the compliance certificate to be delivered by Amaralina Star Ltd.
ReceiptPayroll Deduction: (14.31-/Pay Period )Full Name (Last, First, Middle Initial) C.