Substitute Rig Contract definition
Substitute Rig Contract means any contract for the use of the Rig entered into by and between the Borrower and another Person (including, without limitation, Amoco) in replacement of the Transocean Rig Contract as described in Section 6.18, provided that no such contract shall be deemed to constitute a Substitute Rig Contract unless and until the Borrower terminates the Transocean Rig Contract.
Examples of Substitute Rig Contract in a sentence
The Agent shall promptly provide the Lenders with a copy of any Substitute Rig Contract or Substitute Drillship Contract and its consent thereto.