Examples of Nabors Bermuda in a sentence
Principal, premium, if any, Additional Amounts, if any, and interest shall be considered paid on the date due if the Paying Agent, other than Nabors Bermuda or a Subsidiary of Nabors Bermuda, holds by 11:00 a.m., Eastern time, on that date money deposited by or on behalf of the Company designated for and sufficient to pay all principal, premium, if any, Additional Amounts, if any, and interest then due.
The Guarantees of the Upper Tier Notes Guarantors and Nabors Bermuda are intended to be general, unsecured, senior obligations of such Guarantors and to rank pari passu in right of payment with all indebtedness of such Guarantor that is not, by its terms, expressly subordinated in right of payment to the Guarantees of such Guarantor.
The other Debt to be aggregated for purposes of this exception is all Attributable Debt in respect of Sale and Lease-Back Transactions of Nabors Bermuda and its Subsidiaries under the exception in clause (e)(2) of Section 3.09 existing at such time.
In addition, Nabors Bermuda shall not permit any of the Lower Tier Notes Guarantors and any of their respective Subsidiaries to make any Rig Disposition to any direct or indirect parent of Nabors Bermuda.
Nabors Bermuda or any of its Subsidiaries may act as Paying Agent or Registrar.
At any time when neither Nabors Bermuda nor the Company is subject to Section 13 or 15(d) of the Exchange Act and the Securities are not freely transferable under the Securities Act, upon the request of a Holder, Nabors Bermuda or the Company will promptly furnish or cause to be furnished the information specified under Rule 144A(d)(4) of the Securities Act to such Holder, or to a prospective purchaser of a Security designed by such Holder, in order to permit compliance with Rule 144A.
Nabors Bermuda or any of its Subsidiaries may act in any such capacity.
In addition to the foregoing, Nabors Bermuda and any of its Subsidiaries may, without securing the Securities, issue, assume or guarantee secured Debt (including for the avoidance of doubt, any Credit Facilities) that, with certain other Debt described in the following sentence, does not exceed an aggregate total amount (including, without limitation, any amount of any secured Debt in existence on the Issue Date) equal to 10% of Consolidated Net Tangible Assets.
Nabors Bermuda will not permit any of the Guarantors to incur, directly or indirectly, any Debt that is subordinated or junior in right of payment to other Debt of such Guarantor and senior in any respect in right of payment to the Guarantees of the Securities.
This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company, the Guarantors or any other Subsidiary of Nabors Bermuda.