Seadrill Group definition

Seadrill Group means Seadrill Limited or any subsidiary, affiliate or associated company thereof, except the Company.

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Seadrill Group means: (A) Seadrill; and (B) its subsidiaries and subsidiary undertakings from time to time, any holding company of any of them and all other subsidiaries or subsidiary undertakings of any such holding company, but excluding any member of the NADL Group,and “member of the Seadrill Group” shall be construed accordingly;

Seadrill Group means any company or companies with the same ultimate beneficial ownership as Seadrill Limited; Shares means the A Shares and the B Shares as further defined in Clause 2.4; Shares Certificates means the certificates relating to the Shares; Shareholder Contributions means any financial contribution made or to be made by the Parties to or on behalf of the Company, including Shareholders Loans;

Examples of Seadrill Group in a sentence

• The Company shall pay to the Manager a management fee equal to eight percent (8%), or such other amount to be agreed between the Company and the Manager, of the Costs and Expenses less services that the Manager procures from third parties or members of the Seadrill Group which may be passed onto the Company without a management fee where the Manager does not add value (the “Management Fee”).

• The Manager shall be entitled to assign this Agreement to another company within the Seadrill Group on written notice to the Company.

• The Manager shall assist the Company in all matters relevant to the financing of the Company’s activities, including the identification of sources of potential financing, negotiation of financing arrangements, and coordination of financing with other Seadrill Group companies for the benefit of the Company under instructions of the Board or a financial advisor of the Company.

• The Manager may, at its discretion, sub‑contract any of the Management Services to other companies within the Seadrill Group and/or other reputable third party companies, from time to time, provided that (a) such company shall be sufficiently resourceful, experienced and qualified to fulfil the Manager’s duties and obligations hereunder, and (b) the Manager shall remain in all respects responsible for the due and proper performance by any such subcontractor.

• The Manager shall arrange to insure the Vessels (owned by the Company in accordance with the general guidelines and policies from time to time in force for coverage, insurers and terms for the insurance of vessels controlled by the Seadrill Group.

• Such entities can either be other companies in the Seadrill Group or third party entities.

• The Contractor shall provide such general administrative services as may be required or specifically requested by the Company including accounting services, access to and consolidation of information in the Seadrill Group enterprise resource planning systems, and advice and assistance in the general administration and management of the business, subject to Section 7 hereof.

• The Contractor shall assist the Company in all matters relevant to the financing of the Company’s activities, including the identification of sources of potential financing, negotiation of financing arrangements, and coordination of financing with other Seadrill Group companies for the benefit of the Company.

• The Manager shall assist the Company in all matters relevant to the financing of the Company’s activities, including the identification of sources of potential financing, negotiation of financing arrangements, and coordination of financing with other Seadrill Group companies for the benefit of the Company.

• The Manager shall arrange to insure the vessels owned by the Company or its subsidiaries in accordance with the general guidelines and policies from time to time in force for coverage, insurers and terms for the insurance of vessels controlled by the Seadrill Group.

More Definitions of Seadrill Group

Seadrill Group means the Parent and its Subsidiaries from time to time other than IHCo and its Subsidiaries.

Seadrill Group means Seadrill Limited or any subsidiary thereof, except the Company and its subsidiaries; developing and implementing strategies for long term maintenance of the Vessels;