Seabras definition

Seabras means, collectively, Seabras Sapura Participações SA, a Brazilian corporation, and Seabras Sapura Holding GmbH, an Austrian limited liability company.
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Seabras means Seabras Sapura Holding GmbH, a company incorporated under the Laws of the Republic of Austria, Seabras Sapura PLSV Holding GmbH, a company incorporated under the Laws of the Republic of Austria, Seabras Servicos de Petroleo SA, a company incorporated under the Laws of the Federative Republic of Brazil, and their direct and indirect subsidiaries.
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Seabras means Seabras Sapura Holding GmbH, a company incorporated under the Laws of the Republic of Austria, Seabras Sapura PLSV Holding GmbH, a company incorporated under the Laws of the Republic of Austria, Seabras Servicos de Petroleo SA, a company incorporated under the Laws of the Federative Republic of Brazil, all of their current and former, direct and indirect affiliates (whether or not Debtors in this Chapter 11 case), subsidiaries, directors, employees, representatives, agents, advisors, attorneys, accountants, auditors and consultants, all other persons or entities acting or purporting to act on their behalf or under their control, and each of their predecessors and successors.
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Examples of Seabras in a sentence

  • The Parties agree that the insulation or other treatment of the PLSV Guarantees and Seabras shall be consistent with any one of the following sections: • Section B.

  • Notwithstanding the foregoing sentence, Seadrill will act in good faith to negotiate a consensual release of the PLSV Guarantees acceptable to each of Seabras, Seadrill, SK, the PLSV Lenders and the Parties.

  • Seabras Sapura Participacoes Ltda (which stake, for the avoidance of doubt, will remain directly held by Seabras Servicos de Petroleo SA); 12.

  • PLSV Guarantees Seadrill Limited (“Seadrill”) and Sapura Energy Berhad (“SK”) have guaranteed (via separate sponsor guarantee and undertaking documents (the “PLSV Guarantees”)) approximately $1.09 billion of Seabras funded debt obligations on a 50-50 basis for the benefit of the lenders (the “PLSV Lenders”) under two facilities (the “PLSV Facilities”).

  • Seabras Sapura See the term sheet at Annex 8 to Exhibit A of the RSA.

  • All correspondence or notices required or permitted to be given under this Agreement shall be given in English and sent by mail, telefax, electronic mail or delivered by hand at the following addresses: If to the Company: Seabras Rig Holdco Kft.

  • It is also likely that, in order to retain parity of treatment for the shareholders of Seabras, similar structural separation would be sought for SK.

  • Non-Consolidated Entity (a) Seadrill Partners LLC; (b) ▇▇▇▇▇▇ Limited; (c) SeaMex Ltd.; (d) Seabras Sapura Participacoes Limitida; (e) Seabras Sapura Holding GmbH; (f) Camburi Drilling BV; (g) Itaunas Drilling BV; and (h) Sahy Drilling BV, and each of their respective Subsidiaries from time to time.

  • The aim of any consensual agreement would be the structural separation of Seadrill from Seabras, with the effect not only that the Seadrill PLSV Guarantees are discharged but that Seadrill is no longer referenced in or relevant to the PLSV Facilities as a Sponsor entity.

  • Other Terms Other terms (if any) regarding the insulation or other treatment of the PLSV Guarantees and Seabras will be acceptable to Seadrill and Seabras.


More Definitions of Seabras

Seabras means, collectively: Seabras Sapura Participacoes Limitida, a Brazilian limited liability company, and Seabras Sapura Holding GmbH, an Austrian limited liability company.
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