Rig 2 definition

Rig 2 means the Rig described as such in Schedule 2 (Borrowers, Guarantors and Collateral Rigs).
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Rig 2 means the offshore jack-up Keppel FELS Mod V-B drilling rig identified as Hull No. B338 with the Yard named "La Covadonga" and delivered to the Rig 2 Owner on 28 November 2013.
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Rig 2 means the KFELS Mod V-B jack-up rig named “Laurus” with IMO number 9623893 and held by Rig Owner 2.
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Examples of Rig 2 in a sentence

  • AOD Facility Agreement The US$360,000,000 senior secured credit facility agreement originally dated 9 April 2013 between, amongst others, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited as borrowers and ABN AMRO Bank N.V. as agent.

  • VIN# 1T95SD2319A5322499 10 Rig 2 Workover rig: ▇▇▇▇▇▇ 550, year 2009 Serial # RA532489, 104 Mast-250K lb pull.

  • Any notarial and/or consular taxes, other charges, or expenses connected with registration of Rig 2, the Bill ▇▇ Sale and with the closing of Seller's registry for Rig 2 shall be for Purchaser's account.

  • The aggregate principal amount of the Term Tranche 2 Advances shall be payable by Borrower 2 in quarterly installments equal to $2,000,000 on each of the first twenty-eight (28) consecutive quarterly Payment Dates commencing six (6) months after the Rig 2 Delivery Date.

  • We hereby acknowledge receipt of a notice of pledge of shares in Songa Offshore Rig 2 AS dated [ ] from Songa Offshore SE (the "Notice").

  • Assignor has the right to purchase a ▇▇▇▇▇▇ 75 drilling rig known as the Permian Drilling Corporation Rig #2 from Permian Drilling Corporation, a New Mexico corporation (the "Seller"), pursuant to the terms and conditions of that certain Assets Purchase Agreement dated December 19, 2005 (the "Purchase Agreement"), by and between the Seller and the Purchaser.

  • Buyer shall take possession of Rig #2 in Lea County, New Mexico upon the completion of Rig #2's drilling project in Lea County, New Mexico, for [add name of Operator] which shall be no later than January 15, 2006 (the "Delivery Date").

  • Seller hereby sells to Buyer and buyer hereby purchases from Seller Rig #2 upon the terms and conditions set out in this Agreement.

  • Should Seller fail to Deliver Rig #2 on or before January 15, 2006, Buyer shall have the option to terminate this Agreement by giving written notice to Seller and Buyer shall be entitled to an immediate refund of the Purchase Price and any closing costs of ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ paid by Buyer.

  • Principal payments made after the Rig 2 Delivery Date may not be reborrowed.


More Definitions of Rig 2

Rig 2 means the ▇▇▇▇▇ Marine Pacific Class 375 ultra-premium jackup drilling rig hull number P2017, including the related machinery, equipment and gear, including without limitation any OFE.
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Related to Rig 2

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  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Bullying means any severe or pervasive physical or verbal act or conduct, including communications made in writing or by means of an electronic act, and including one or more acts committed by a pupil or group of pupils as defined in Section 48900.2, 48900.3, or 48900.4, directed toward one or more pupils that has or can be reasonably predicted to have the effect of one or more of the following:

  • €STR means, in respect of any TARGET Business Day, the interest rate representing the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area provided by the European Central Bank as administrator of such rate (or any successor administrator) and published on the Website of the European Central Bank (as defined below) at or before 9:00 a.m. (Frankfurt time) (or, in case a revised euro short-term rate is published as provided in Article 4 subsection 3 of the ECB €STR Guideline at or before 11:00 a.m. (Frankfurt time), such revised interest rate) on the TARGET Business Day immediately following such TARGET Business Day;