Rig definition

Rig means any mobile offshore drilling unit (including without limitation any jack-up rig, semi-submersible rig, drillship, and barge rig).

Rig means, collectively, offshore drilling rigs, including, semisubmersibles, drillships, xxxx-ups, semisubmersible tender assist vessels and submersible rigs, owned by the Borrower and/or any Subsidiary of the Borrower, and, individually, any of such rigs.

Rig means the vessel described in Recital (A) hereto and includes any share or interest therein and her engines, machinery, boats, tackle, outfit, spare gear, fuel, consumable or other stores, belongings and appurtenances whether on board or ashore and whether now owned or hereafter acquired (but excluding therefrom any leased equipment owned by third parties);

Examples of Rig in a sentence

• Each of the Mortgages is or, when executed will be, in proper legal form under the laws of the Acceptable Flag Jurisdiction in which the applicable Collateral Rig is flagged, subject only to matters that do not substantially interfere with the practical realization of the principal benefits expressed in such Mortgage, except for economic consequences of any procedural delay that might result from such matters.

• To ensure the legality, validity, enforceability or admissibility in evidence of each such Mortgage in the Acceptable Flag Jurisdiction in which the applicable Collateral Rig is flagged, it is not necessary that any Credit Document or any other document be filed or recorded with any court or other authority in such Acceptable Flag Jurisdiction, except as have been made, or will be made, in accordance with the Collateral Rig Requirements.

• The Borrower and Holdings will ensure that each Collateral Rig Owner shall at all times deposit any earnings, hires, freights, income and other sums payable to the Collateral Rig Owner under any bareboat charterparty with a Collateral Rig Operator in respect of any Collateral Rig to the Bareboat Charter Account.

• The Borrower hereby acknowledges that (i) from and after the Collateral Swap the Conqueror shall be a Specified Rig and (ii) the foregoing consent is solely with respect to the Collateral Swap and is specific in time and in intent and does not constitute and is not to be deemed to be a consent to any other actions or a waiver of any right, power, or privilege under the Credit Agreement or any other Credit Document.

• Notwithstanding anything to the contrary contained herein or in ​ 110 ‌ ​ ‌ ​ ​ any other Credit Document, any requirement to comply with the Collateral Rig Requirements with respect to any such Collateral Rig Operator will be satisfied at any time so long as the Borrower, Holdings and such Collateral Rig Operator are in compliance with this Section 6.27(e).

More Definitions of Rig

Rig means any drilling rig or drillship that TINC or any of its Subsidiaries leases or owns, either entirely or in part.

Rig means the semi-submersible drilling rig West Capricorn, to be delivered from Jurong Shipyard Pte Ltd of 00 Xxxxxxx Xxxxx Xxxx, Singapore 628054 (the “Yard”) between December 2011 and January 2012 and listed i Schedule 2 (Guarantors and Rig).

Rig means each of the collateral rigs listed in Schedule 2 (Guarantors and Collateral Rigs) each of which is owned by the owner named as such therein.

Rig shall have the meaning provided in the first paragraph of this Mortgage and shall include any share or interest in such vessel and shall include such vessel's engines, machinery, boats, tackle, outfit, spare gear, fuel, consumable or other stores, belongings and appurtenances whether on board or ashore and whether now owned or hereafter acquired (but excluding therefrom any leased equipment owned by third parties unaffiliated with the Owner);

Rig means any and all mobile offshore drilling units (including without limitation xxxx-up rigs, semi-submersible rigs, drillships, and barge rigs) owned or leased by Parent or any of its Subsidiaries and shall include, as of the Effective Date, those Rigs listed on Schedule V.

Rig means any one of them as the context requires;

Rig means any mobile offshore drilling unit (including, without limitation, any jackup rig, semi-submersible rig, drillship, and barge rig).