Drilling Contract definition

Drilling Contract means any drilling contract in respect of any Vessel or other contract for use of any Vessel (except Internal Charters and Permitted Third Party Charters).

Drilling Contract means any charterparty, pool agreement or drilling contract in respect of any Collateral Vessel or other contract for use of any Collateral Vessel.

Drilling Contract means any Drilling Contract to which the Pledgor, as operator of the Collateral Rig, is a party.

Examples of Drilling Contract in a sentence

• Holdings shall cause the Collateral Rig Operator to continue to be a party to the Master Services Agreement and to have access to the Services (as defined therein) and personnel provided thereunder in order to comply with the performance standards under the Drilling Contract until the stated expiration date of the Drilling Contract regardless of whether the Collateral Rig Owner or the Collateral Rig Operator remains an Affiliate of Holdings.

• Holdings shall disclose dayrates under the Drilling Contract in the Fleet Status Report at least quarterly.

• The EnCana Drilling Contract also made Tesco responsible for making sure work on the rig was performedsafely and obligated Tesco to carry adequate workers’ compensation insurance.

• The EnCana Drilling Contract obligated Tesco, as the driller, to furnish all equipment, labor, and services necessary to dig wells to the depth of no less than 9500 feet, and no more than 10,000 feet.

• Holdings shall, and Holdings shall cause its Subsidiaries to, not take or support any of the following actions after the occurrence of an Event of Default under Section 6.01(f) or (g): (a) reject the Drilling Contract or the Bareboat Charter; or (b) challenge any transfer made in connection with the Note Documents as a preference or fraudulent conveyance.

More Definitions of Drilling Contract

Drilling Contract means shall mean any third-party drilling contract, drilling services agreement, charter or similar agreement in respect of any Collateral Rig.

Drilling Contract means the Daywork Drilling Contract, dated as of May 25, 2006, by and between the Union Drilling, Inc. and U.S. Geothermal, Inc. (as may be amended, restated, supplemented, otherwise modified or replaced), which was assigned by Member B to the Company as contemplated by the Transfer Plan.

Drilling Contract means the Daywork Drilling Contract, dated as of May 25, 2006, by and between the Union Drilling, Inc. and U.S. Geothermal, Inc. (as may be amended, restated, supplemented, otherwise modified or replaced).

Drilling Contract has the meaning given to it in the recitals.

Drilling Contract means any drilling contract in respect of any Vessel or other contract for the use or hire of any Vessel, including charters, bareboat charters, sub-charters, pool agreements, leases and other contracts of employment (except Internal Charters).

Drilling Contract means, at any time, as applicable, (a) Contract No. SEP-C-12-002 between Shell Offshore Inc., a Subsidiary of Royal Dutch Shell plc, and Transocean Offshore Holdings Limited dated September 28, 2012 (as amended, restated, amended and restated or modified from time to time in accordance with Section 4.26 of this Indenture) or (b) each Acceptable Drilling Contract that has replaced the previous Drilling Contract pursuant to a Drilling Contract Substitution.

Drilling Contract has the meaning given in the preamble to this Drilling Contract.