Rig Contract definition

Rig Contract is defined in Section 2.12(d).
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Rig Contract means a contract for drilling services with respect to any drilling rigs. “SEC” means Securities and Exchange Commission. “SEC Filing” is defined in Section 7.15(c). “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. “Series A Company Units” is defined in Section 3.1(b). “Series C Company Units” is defined in Section 3.1(c). “Social Media” means all proprietary social media identifiers for any social media sites, along with all other account and profile information and all administrator rights (including login information and passwords) for all third party social media sites, channels, pages, groups, blogs and lists, as well as all content uploaded or posted to such sites, and all follower, subscriber, and contact lists, together with all goodwill associated with any of the foregoing. “Specified Date” is defined in Section 7.22. “Specified Parent Common Stock” means 36,752,657 shares of the Parent Common Stock. “Stockholders’ Agreement” has the meaning set forth in the recitals. “Straddle Period” means any taxable period beginning on or before and ending after the Closing Date. “Subsidiary” means an Entity of which another Person directly or indirectly owns, beneficially or of record, (a) an amount of voting securities or other interests in such Entity that is sufficient to enable such Person to elect at least a majority of the members of such Entity’s board of directors or other governing body, or (b) at least 50% of the outstanding equity or financial interests of such Entity. “Surviving Company” is defined in Section 2.1. “Tax” means any tax, charge, fee, levy, penalty, custom, duty or other governmental charge of any kind imposed by any Governmental Body, including any excise, property, income, net receipts, profit, severance, production, use, license, employment, alternative or add-on minimum, ad valorem, stamp, sales, transfer, margin, franchise, payroll, escheat, unclaimed property, withholding, social security or other tax, including any interest, fine, addition to tax, penalties or additional amount attributable thereto. DB1/ 97944280.7 EXHIBIT B
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Examples of Rig Contract in a sentence

  • Domestic Drilling Rig Contract (DRC 04-2010) See Quotation GES11-6114-04 attached.

  • There is no (i) default in any material respect on the part of RAC under the Rig Contract or (ii) to RAC’s Knowledge, default in any material respect on the part of the other party or parties under the provisions of the Rig Contract.

  • There is no (i) default in any material respect on the part of GES under the Rig Contract or (ii) to GES’s Knowledge, default in any material respect on the part of the other party or parties under the provisions of the Rig Contract.

  • The Rig Contract is valid, binding and in full force and effect and is enforceable by GES in accordance with its terms, except (1) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally and (2) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • The Rig Contract is valid, binding and in full force and effect and is enforceable by RAC in accordance with its terms, except (1) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally and (2) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • The Agent shall promptly provide the Lenders with a copy of any Substitute Rig Contract or Substitute Drillship Contract and its consent thereto.

  • Prior to the Closing, GES shall provide to the Company for its approval a reconciliation statement that shows all amounts spent or accrued by GES for obligations under the Rig Contract and the Assigned Contracts, including any and all reasonable supporting documentation requested by the Company.

  • BUYER INDEPENDENCE CONTRACT DRILLING, LLC By: Name: Title: SELLER GLOBAL ENERGY SERVICES OPERATING, LLC By: Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Title: PRESIDENT Domestic Drilling Rig Contract (DRC 04-2010) Seller will provide the following equipment and components: QuickSilver Drilling System QDSH 1600 Specifications for the above equipment and components are more fully set out in Seller’s Quote attached as Exhibit B.

  • Subject to Section 4.15(d), until the Customs Approval is obtained for a Rig, Contract Assignor shall remain as the temporary importer of record for such Rig.

  • With respect to any rig that is the subject of a Rig Contract and that is either idle or being used by the Seller or its Affiliates for drilling or other operations on the Properties as of the Closing, the Seller and the Buyer will enter into an Assignment with respect to the Rig Contract applicable to such rig at Closing.