Common use of By Either Party Clause in Contracts

By Either Party. Upon giving of written notice, either party may terminate this Contract when total loss or destruction of the rig, or a major breakdown with indefinite repair time necessitate stopping operations hereunder.

Appears in 11 contracts

Samples: Master Drilling Agreement, Master Drilling Agreement (Mammoth Energy Services, Inc.), Agreement for Purchase of Term Assignment (Pedevco Corp)

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By Either Party. Upon giving of written notice, either party may terminate this Contract without further liability when total loss or destruction of the rig, or a major breakdown with indefinite repair time necessitate necessitates stopping operations hereunder.

Appears in 1 contract

Samples: Contract (Concho Resources Inc)

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