Offshore Assets definition

Offshore Assets means (a) dynamically-positioned shuttle tankers (excluding dynamically-positioned shuttle tankers that operate in conventional crude oil tanker trades under Qualifying Contracts), (b) floating storage and offtake units, (c) floating production, storage and offloading units and (d) related time charters or contracts of affreightment.

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Offshore Assets means (a) dynamically-positioned shuttle tankers (including dynamically-positioned shuttle tankers that operate in conventional crude oil tanker trades), (b) floating storage and offtake units, (c) floating production, storage and offloading units and (d) related charters or contracts of affreightment.

Offshore Assets means all the Company's direct ownership rights and direct licenses in, to, and under the Proprietary Rights and Software Products outside of the United States of America, whether such ownership rights and licenses are owned by or licensed to the Company prior to the Closing or acquired by or licensed to the Company pursuant to the Agreement at or after the Closing, including the assets listed in Sections 4 and 5 of Schedule 4.22(a)(i) of APPENDIX II.

Examples of Offshore Assets in a sentence

• Further, Teekay shall cause its Subsidiaries not to use the Licensed Marks in connection with the Offshore Assets or Offshore Restricted Business other than in connection with activities expressly provided for pursuant to the Omnibus Agreement.

• During the term of this Agreement, Teekay shall not use the Licensed Marks in connection with any (a) Offshore Assets or Offshore Restricted Business other than in connection with any Offshore Assets or Offshore Restricted Business owned by Teekay or Affiliates engaged in the Retained Businesses as of the Effective Date or (b) activities expressly permitted pursuant to the Omnibus Agreement.

• The Teekay Entities hereby grant (i) Teekay LNG MLP a right of first offer on any proposed Transfer or, subject to Section 5.1, Re-Charter of any LNG Assets owned or acquired by any Teekay Entity and (ii) Teekay Offshore MLP a right of first offer on any proposed Transfer or, subject to Section 5.1, Re-Charter of any Offshore Assets owned or acquired by any Teekay Entity.

• The Group shall retain the right to dispose of the Specified Offshore Assets (as specified in Annex II) at its sole discretion without prior consent from any In-scope Creditors or any legal or beneficial holder of the New Debts, subject to certain conditions to be agreed in the long form documentation stage.

• Sweep4 The Company will procure that, subject to the satisfaction of customary conditions precedent and compliance with applicable laws and regulations and receipt of relevant consents and approvals, after the receipt of any Net Cash Proceeds attributable to the Company in respect of receivables or equity investments specified 4 Excluding receivables already included under Specified Offshore Assets (as detailed in Annex II).

• The Holdco Common Shares to be issued and transferred to Datec in satisfaction of the purchase price for the Offshore Assets pursuant to section 2.4(b) hereto will be duly and validly issued by Holdco as fully paid and non-assessable shares.

• Reinsurer is acquiring the Offshore Assets for its own account and not with a view to their distribution within the meaning of Section 2(11) of the Securities Act of 1933, as amended.

• In consideration for the conveyance of the Offshore Assets pursuant to Section 2.7, CIL shall deliver to the Company 3,439,821 shares of Converge's Series B Preferred Stock (the "CIL SHARES").

• Any notice, request, demand, claim or other communication hereunder shall be deemed duly given two Business Days after it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below: If to Buyer: Mercury Offshore Assets, LLC c/o Lime Rock Management LP ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇ ▇.

• After the Closing, VerticalNet shall use its commercially reasonable efforts to assist Converge as reasonably requested by Converge to (a) obtain record title in the trademarks set forth in Schedule 4.22(e) of APPENDIX II, and (b) record title to the Offshore Assets as may be necessary; provided, however, that in performing this covenant VerticalNet shall not be obligated to expend any cash whatsoever.

More Definitions of Offshore Assets

Offshore Assets means all assets listed in Schedule 1.1B hereto;

Offshore Assets means all assets used or held for use in or otherwise related to the Business, purchased by Buyer from Seller pursuant to the Offshore Asset Transfer Agreement.