Newbuild Contracts definition

Newbuild Contracts means, collectively, the DS-13 Contract and the DS-14 Contract (each as defined in the Newbuild Assumption Term Sheet), as modified by Supplemental Agreement No. 7 for the DS-13 Contract and the DS-14 Contract executed by the Newbuild Debtors and the Shipyard on February 26, 2021.
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Newbuild Contracts means, collectively:
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Newbuild Contracts means, collectively, the DS-13 Contract and the DS-14 Contract (each as defined in the Newbuild Assumption Term Sheet), as modified by the Assumption Term Sheet and that certain Seventh Supplemental Agreement, which shall be filed with the Plan Supplement.
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Examples of Newbuild Contracts in a sentence

  • In the event that the Newbuild Contracts are rejected, notwithstanding anything to the contrary in the Plan or Confirmation Order, including the injunction contained herein, the ability of the Shipyard to assert all rights and remedies under the Newbuild Contracts against the Newbuild Debtors or applicable non-bankruptcy law are reserved and preserved.

  • If the Shipyard votes in favor of the Plan, the Newbuild Contracts shall be assumed under section 365(a) of the Bankruptcy Code effective as of the Effective Date of the Plan and receipt by the Shipyard of the consideration set forth in the Plan.

  • On or prior to the Effective Date and assumption of the Newbuild Contracts, the Newbuild Debtors shall transfer their owned equipment as set forth in the Newbuild Assumption Term Sheet free and clear of all Liens and Claims to the Shipyard.

  • If the Shipyard does not vote in favor of the Plan, the effective date of rejection of the Newbuild Contracts shall be the Effective Date of the Plan unless otherwise agreed to by the Shipyard and the Newbuild Debtors with the consent of the Required Consenting Creditors.

  • The effective date of rejection of the Newbuild Contracts shall be the Effective Date of the Plan unless otherwise agreed to by the Shipyard and the Newbuild Debtors with the consent of the Required Consenting Noteholders.

  • If the Shipyard does not vote in favor of the Plan, the effective date of rejection of the Newbuild Contracts shall be the Effective Date of the Plan unless otherwise agreed to by the Shipyard and the Newbuild Debtors with the consent of the Required Consenting Noteholders.

  • First, the Stipulations, notwithstanding the rejection of the Newbuild Contracts, provide the Debtors with an exclusive period to market the Drillships for sale to a third-party willing to enter into a management agreement favorable to the Debtors.

  • As is the case with the sale of the Oceangoing Vessels and Newbuild Contracts, Clarkson will not receive a Fee in the event of a credit bid sale unless the applicable Secured Lender resells the applicable Offshore Vessel to a purchaser listed on the Tracker (as defined in the Offshore Vessel Brokerage Agreement) within three (3) months of the closing of the sale represented by such credit bid.

  • In response, the Shipyards planned to move to compel rejection of the Newbuild Contracts to timely liquidate the Newbuild Claims for purposes of participation in the notes rights offering and equity rights offering under the Plan.

  • Based on the foregoing, I believe that Clarkson is well-qualified and able to efficiently provide the requested brokerage services with respect to the Debtors’ Vessels and Newbuild Contracts.


More Definitions of Newbuild Contracts

Newbuild Contracts means the certain contracts for the construction and delivery of rigs bearing Hull Nos. 3619 and 2622 between the Newbuild Debtors and the Shipyard.
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Newbuild Contracts means the certain contracts for, if applicable, (b) the construction and delivery of rigs bearing Hull Nos. 3619 and 2622 betweentermination of Atwood Oceanics Pacific Limited’s guarantee on the Newbuild DebtorsContracts, and (c) any fees and expenses incurred by the Shipyard in connection with these chapter 11 cases.
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Related to Newbuild Contracts

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Prepaid contract means any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Customer Contracts means any Contracts pursuant to which the Company has provided or will provide products or services in connection with the Business.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • IT Contracts means any agreements, licences or other contractual arrangements with third parties relating to the IT Systems or IT Services, including licences of all software, leases of hardware and other procurement of IT Systems or IT Services;

  • Retained Contracts shall have the meaning specified in Section 2.1.6.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Design-build contract means a single contract with a Design-Build Firm for the design and construction of a public construction project.

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).