T-16 definition

T-16 means the tender rig barge currently under construction that will operate under a contract with Chevron or any successor to Chevron in accordance with the terms of such contract.
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T-16 means the tender rig barge currently under construction that will operate under a contract with Chevron.
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Examples of T-16 in a sentence

  • T-1.6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939.

  • Section 5.1 Options to Purchase the T-15 Interests and the T-16 Interests.

  • The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Article V, with respect to the rights of the Company to purchase the T-15 and the T-16 from Seadrill.

  • T16 D STANDARD BIDDING DOCUMENTS ..........................................................................................

  • Exhibit T-1-6 - The copy of the Balance Sheet taken from the latest Report of Condition of the trustee published in response to call made by Comptroller of the Currency under Section 5211 U.S. Revised Statutes.

  • All material contracts and agreements, written or oral, to which SIL is a party or by which any of its assets are bound, including the Drilling Contract, the T-16 Drilling Contract, and the Bareboat Charter Agreement dated December 10, 2012 between SIL and Seadrill UK Ltd.

  • In the event that sums received from the Customer are less than such withholdings and costs, then Seller shall reimburse SIL for such losses under the T-16 Drilling Contract.

  • Buyer shall have the option to assign the T-16 Drilling Contract to Seller or Seller’s nominee at any time.

  • T-1.6 --The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990.

  • The $440 Million China ECA Facility Secured Parties also benefit from (a) second priority liens on and security interests in Rigs T-15 and T-16 and (b) assignment of earnings, earnings accounts, charterparties and insurance policies with respect to Rigs T-15 and T-16 (collectively, the “$440 Million China ECA Facility Collateral”).