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).

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

Examples of Drilling Contract in a sentence

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

• 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.

• A separate Drilling Contract shall be deemed to apply to each well drilled under this Agreement.

• 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.

• This Agreement and the applicable Drilling Contract shall be deemed to be incorporated in full in every Order effective upon the giving of such Order if verbal or the receipt of such Order by Contractor if written.

More Definitions of Drilling Contract

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

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 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 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 any charterparty, pool agreement or drilling contract in respect of any Collateral Rig or other contract for use of any Collateral Rig.