MOPU AGREEMENT definition

MOPU AGREEMENT means the agreement executed or to be executed pursuant to Clause 4.1(i) between Sedco Forex, Inc. and the Security Trustee in respect of the Mobile Offshore Production Unit referred to therein in substantially the form of Schedule 7; OBLIGOR means the Borrowers and the Guarantors or as the context requires any of them; OIL AND GAS means any and all liquid and gaseous hydrocarbons and each of them produced and to be produced from the Oil Properties; OIL AND GAS DEVELOPMENT AGREEMENT means any agreement (other than a Joint Venture Document) now or hereafter entered into between any of the Borrowers or Guarantors or any Subsidiary of any of them pursuant to the terms of which such person directly or indirectly participates with any other person in any capital investment or joint ownership or profit sharing arrangement in respect of any Oil or Gas Property or any related pipeline or other transport facility or equipment, power generating plant, Oil and Gas Sale agreement, or power sale agreement and such agreement may reasonably be expected to have a material benefit for or impose any material obligation upon such Borrower or Guarantor or Subsidiary; OIL AND GAS PARTNER means each party (other than an Obligor) which is a party to any Joint Venture Agreement or Oil and Gas Development Agreement; OIL AND GAS PROPERTIES means each of the concessions, operating licenses, oil mining leases and other interests referred to in any of the Joint Venture Documents or Oil and Gas Development Agreements and any other concession, operating license, oil mining license, or similar agreement or interest in which any Obligor or Subsidiary of any Obligor has direct or indirect interest or participation and which interest could reasonably be expected to have a material benefit to such Person; OUTSTANDINGS means, in relation to a Lender, its aggregate participation in the Advance then outstanding;
View Source

Related to MOPU AGREEMENT

  • DSU Agreement means a document evidencing the grant of DSUs and the terms and conditions thereof;

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • Letter Agreement means that certain letter agreement between the initial Holder hereof and the Company, dated as of July 11, 2024, pursuant to which such initial Holder agreed to exercise one or more warrants to purchase shares of Common Stock and the Company agreed to issue to the initial Holder this Warrant.

  • ▇▇▇▇▇▇ Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The ▇▇▇▇▇ Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, ▇▇▇▇▇▇▇▇, Genting WA and Tileska providing for the subscription of Units and Options;