Fleet Status Report definition

Fleet Status Report means the Fleet Status Report issued by Holdings, which includes drilling contract information, drilling status and planned out-of-service time for every rig in the fleet of Holdings.

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Examples of Fleet Status Report in a sentence

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

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

• To the extent a dayrate of the Drilling Contract was not publicly disclosed in a Fleet Status Report, the Company will use commercially reasonable efforts to obtain the consent of the applicable third party to disclose such dayrate to the Trustee.

• Holdings shall disclose dayrates under the Drilling Contracts in the Fleet Status Report at least quarterly to the extent permitted by such Drilling Contracts.

• To the extent a dayrate of any Drilling Contract was not publicly disclosed in a Fleet Status Report, the Company will use commercially reasonable efforts to obtain the consent of the applicable third party to disclose such dayrate to the Trustee.