Intra-Group Charterer definition

Intra-Group Charterer means each Subsidiary named as Intra-Group Charterer pursuant to Schedule 2 (Guarantors and Rig).
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Intra-Group Charterer means Ocean Rig Global Chartering Inc. or any other company within the Restricted Group becoming party to a Satisfactory Drilling Contract with a Client.
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Intra-Group Charterer means any Subsidiary of the Parent which may be appointed by the Borrower and/or the Parent as Intra-Group Charterer of the Drilling Unit.
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Examples of Intra-Group Charterer in a sentence

  • The Borrower, and any Intra-Group Charterer (as applicable), shall provide available statements regarding its Earnings Account upon request from the Agent.

  • The Parent is the direct or indirect owner of all the shares in any company which may become an Intra-Group Charterer.

  • The ‘with additional measures’ projections include additional policies and measures which are planned under the Pan-Canadian Framework.

  • The restrictions in paragraph (a) above do not apply to; Financial Indebtedness incurred pursuant to the Finance Documents; intercompany loans and advances on the conditions that the loans or advances are subordinated and unsecured in a form and substance satisfactory to the Agent; or Financial Indebtedness incurred by an Intra-Group Charterer by way of guarantees provided by such Intra-Group Charterer in relation to any financing of a vessel or rig in the Group.

  • Guarantees issued by an Intra-Group Charterer in favour of lenders under other loans financing vessels within the Group (other than the Drilling Unit) for which the relevant Intra-Group Charterer is an intra-group charterer.

  • The scheme shall decentralize planning and implementation of child protection services at the State and District level, based on needs.

  • For the avoidance of doubt, the restrictions on Financial Indebtedness in Clause 23.15 (a) shall not apply to Seadrill Capricorn, unless it becomes or accedes to the position of a Borrower or an Intra-Group Charterer.

  • The Borrower may not (nor any Intra-Group Charterer to the extent it is a single purpose company) provide, procure, create or permit to subsist any Financial Support (including contingent support) other than: Any netting or set-off arrangement entered into pursuant to any Hedging Agreements; Financial Support permitted pursuant to the Finance Documents; or Financial Support consented to by the Required Majority.

  • Each Borrower and Intra-Group Charterer shall open and maintain for the duration of the Facility one Earnings Account each in its name and shall procure that all Earnings (excluding service income for xxxxxxx, services and procurement, etc.

  • Each Obligor shall procure that each Intra-Group Charterer shall be a company within the Restricted Group.


More Definitions of Intra-Group Charterer

Intra-Group Charterer means any Subsidiary of the Parent which may be appointed by the Borrower and/ or the Parent as Intra-Group Charterer of the Drilling Unit.
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Intra-Group Charterer means a company owned, directly or indirectly by the Borrower or a Sponsor.
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Intra-Group Charterer means each Subsidiary of RigCo named as an Intra-Group Charterer pursuant to Schedule 3 (The Drilling Units) (as updated in accordance with Clause 21.8(a)) and any Additional Guarantor becoming an intra-group charterer in respect of a Drilling Unit in accordance with the terms of this Agreement.
Sample 1
Intra-Group Charterer means each Subsidiary of the Parent which is an intra-group charterer of any Rig at any time. “Interest Period” means, in relation to a Loan, each period determined in accordance with Clause 10 (Interest Periods) and, in relation to an Unpaid Sum, each period determined in accordance with Clause 9.4 (Default interest). “Intermediate HoldCo” means XXXX IHC Limited, an exempted company incorporated under the laws of Bermuda with company registration number 55669 of X.X. Xxxxxxx Building, 2nd Fl., 0 Xxx-xx-Xxxxx Xxxx, Xxxxxxxx XX 00, Bermuda. “ISM Code” means the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention. “ISPS Code” means the International Ship and Port Facility Security (ISPS) Code as adopted by the International Maritime Organization’s (IMO) Diplomatic Conference of December 2002, as amended or supplemented from time to time. “ISSC” means an International Rig Security Certificate issued under the ISPS Code. “Legal Reservations” means: (a) the principle that equitable remedies may be granted or refused at the discretion of a court and the limitation of enforcement by laws relating to insolvency, reorganisation and other laws generally affecting the rights of creditors; (b) the time barring of claims under the Norwegian Limitation Act of 18 May 1979 or any other applicable law and defences of set-off or counterclaim; (c) similar principles, rights and defences under the laws of any Relevant Jurisdiction as those described under paragraphs (a) and (b) above; and (d) any other matters which are set out as qualifications or reservations as to matters of law of general application in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilisation). “Lender” means: (a) the Original Lender; and (b) any bank, financial institution, trust, fund or other entity which has become a Party in accordance with Clause 26 (Changes to the Lenders), which in each case has not ceased to be a Lender in accordance with the terms of this Agreement. “LMA” means the Loan Market Association. “Loan” means a loan made or to be made under the Facility in accordance with the provisions of this Agreement or the principal amount outstanding for the time being of that loan.
Sample 1
Intra-Group Charterer means any company within the Restricted Group being or becoming party to a Drilling Contract with an oil company (or, in relation to a Satisfactory Drilling Contract, a Client), being as of the date of this Agreement, Ocean Rig Cunene Operations Inc. and Ocean Rig Block 33 Brasil B.V. "ISM Code" means the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention (including the guidelines on its implementation), adopted by the International Maritime Organisation, as the same may be amended or supplemented from time to time.
Sample 1

Related to Intra-Group Charterer

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • Seller’s Group means the Seller and any company which is, on or after the date of this Agreement, a subsidiary or holding company of the Seller or a subsidiary of a holding company of the Seller, and excludes, for the avoidance of doubt, any Group Company, and "Seller's Group Company" shall be construed accordingly.

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • Buyer’s Group means the Buyer, any subsidiary of the Buyer, any holding company of the Buyer and any subsidiary of any holding company of the Buyer, from time to time.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Air charter service means an air carrier operation which requires the customer to

  • EPC means engineering, procurement and construction;

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • Purchaser’s Group means the Purchaser, its subsidiaries and subsidiary undertakings, any holding company of the Purchaser and all other subsidiaries of any such holding company from time to time;

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Target Group means the Target and its Subsidiaries.

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • LOCKHEED MARTIN Procurement Representative means a person authorized by LOCKHEED MARTIN's cognizant procurement organization to administer and/or execute this Contract.

  • Charter Service means, but does not include demand response service to individuals:

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Hair shine means any product designed for the primary purpose of creating a shine when applied to the hair, including, but not limited to, dual-use hair styling product, products designed primarily to impart a sheen to the hair, and excluding hair spray, hair mousse, hair styling gel or spray gel, or products whose primary purpose is to condition or hold the hair.