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);
Rig means any mobile offshore drilling unit (including without limitation any xxxx-up rig, semi-submersible rig, drillship, and barge rig).
Examples of Rig in a sentence
For purposes of calculating the Collateral Rig Value, as the case may be, on a pro forma basis for any transaction, the Collateral Rig Value shall be measured giving pro forma effect to such transaction and any use of proceeds of such transaction as if it had occurred on the last day of the fiscal period most recently ended for which an officer’s certificate pursuant to Section 5.01(c) is required to have been delivered.
In the case of a Revolving Loan, the Collateral Rig Value shall not be less than the Collateral Coverage Threshold on a pro forma basis after giving effect to such Revolving Loan.
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 any mobile offshore drilling unit (including without limitation any jack-up rig, semi-submersible rig, drillship, and barge rig).
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 respective Rig Owner as set out therein.
Rig means any drilling rig or drillship that the Debtors or any of their Subsidiaries leases or owns, either entirely or in part.
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 one of them as the context requires;