DRILLING EQUIPMENT Clause Samples

DRILLING EQUIPMENT. All drilling rigs and related assets and ancillary equipment together with all spare parts and related assets necessarily incidental to the use of the drilling rigs including, without limitation, the drilling equipment described in Part 1 of Schedule 2;
View SourceView Similar (3)
DRILLING EQUIPMENT. This policy does not insure loss to any drill shaft or bit of any type of drilling rig or machinery whilst being used for the purpose of drilling below ground or surface level.
View SourceView Similar (2)
DRILLING EQUIPMENT a) Drilling Rigs i) Drilling rigs shall be of the hydraulic feed type having the capacity to drive a rotary tool tipped with diamonds or tungsten carbide and able to drill in the sizes and to the depths specified. The GC may be required to carry out drilling inclined to the vertical. ii) The weight of each rig shall be such that a force of 12kN can be applied to the drilling bit without movement of the rig. If the weight of the rig is insufficient for this purpose, the rig shall be anchored down. iii) Drilling rigs shall be capable of providing stable drill-string rotation at speeds in the range 50-1250 R.P.M. and have a minimum ram stroke length of 600mm. The rigs shall also be fitted with a hydraulic feed pressure gauge of appropriate scale. A rigid rod, clearly graduated in 10mm increments shall be permanently attached to and parallel with the hydraulic feed rams, in order to provide a means of measuring penetration and estimating penetration rates. b) Rig Ancillary Equipment i) Where the flushing medium is water a 'Triplex' type pump shall be provided which shall be equipped with a gear box and capable of delivering up to 2 liters / sec. The pump shall incorporate a 'surge' bottle to reduce fluctuations in water pressure and the suction hose shall at all times be fitted with a suitable filter. ii) A full by-pass system shall be provided, allowing the operator full control of water flow from zero to maximum pump delivery rate. iii) A pressure gauge shall be directly fitted into the water supply line on 'downstream' side of the by-pass valve. The pressure gauge shall be capable of operating in the range 0 to 2000kN/m². iv) The GC shall provide recent certified calibrations for all gauges and measuring equipment in use.
View Source
DRILLING EQUIPMENT. 1. Derrick ------- Dreco 170' clear ▇▇▇▇▇▇ x 40' x 32' base, with a 1,500,000 lb. hook load capacity.
View Source
DRILLING EQUIPMENT. With respect to the Drilling Equipment: (i) Bank may at any reasonable time inspect the Drilling Equipment. (ii) The Drilling Equipment shall at all times remain separately identifiable personal property and shall not become affixed to any real property so as to become a fixture. (iii) If requested by Bank in writing, Borrowers will attach to the Drilling Equipment in which Bank has a security interest, a notice satisfactory to Bank, disclosing Bank's security interest in such Drilling Equipment. (iv) Borrowers will not move any of the Drilling Equipment in which Bank has a security interest, out of any of the states described in Schedule 5.9 attached hereto or any of the other states in which Bank has filed UCC financing statements sufficient to perfect Bank's security interest, naming the owner of such Drilling Equipment, as debtor, and describing such Drilling Equipment as collateral, unless such Borrower gives the Bank at least ten (10) Business Days prior written notice and, with such written notice also provides Bank with duly executed financing statements to perfect Bank's security interest in such Drilling Equipment upon filing in such new state. (v) Borrowers will not permit any certificates of title to exist or to be issued for any of the Drilling Equipment, unless the Bank's security interest is duly noted thereon, the certificate of title is delivered to Bank and Borrowers take all other actions which Bank deems necessary or advisable to protect and perfect Bank's security interest in such Drilling Equipment.
View Source
DRILLING EQUIPMENT. Use electric or pneumatic rotary type drilling hammer with medium or light impact and carbide tipped masonry bit. Where edge distances are less than 2- inches (50 mm), use lighter impact equipment to prevent microcracking during drilling process. If a diamond bit is used, abrasive blast to roughen surface.
View Source
DRILLING EQUIPMENT. With respect to the Drilling Equipment: (i) Bank may at any reasonable time inspect the Drilling Equipment in which Bank now has or may hereafter acquire a security interest (collectively, the "ENCUMBERED EQUIPMENT"). (ii) The Encumbered Equipment shall at all times remain separately identifiable personal property and shall not become affixed to real property so as to become a fixture. (iii) If requested by Bank, in writing, Borrowers will attach to the Encumbered Equipment a notice satisfactory to Bank, disclosing Bank's security interest in the Encumbered Equipment. (iv) Borrowers will not move any of the Encumbered Equipment owned by a Borrower out of any of the states described in SCHEDULE 5.9 attached hereto or any of the other states in which Bank has filed UCC financing statements naming the owner of such Encumbered Equipment, as debtor, and describing such Encumbered Equipment as collateral, unless such Borrower notifies Bank and provides Bank with duly executed financing statements to perfect Bank's security interest in such Encumbered Equipment upon filing in such new state.
View Source
DRILLING EQUIPMENT. The 20 land drilling rigs described in Section 2.26(a) of the Company Disclosure Schedule [and all such drilling units' respective drilling machinery and equipment (including, without limitation, floor tools and blow-out-preventers), engines, machinery, rigging, apparel, furniture, computers and computer equipment on such units, fittings and equipment, pumps and pumping equipment, spare components and parts, racking, (supporting inventory and stores on the Rigs) and all appurtenances thereto appertaining or belonging thereto] (collectively, the "Rigs" and each a "Rig") and other related equipment is a complete list of the drilling rigs and related drilling equipment owned by the Company.
View Source

Related to DRILLING EQUIPMENT

  • Metering Equipment 13.01. Utility will furnish, install, own and maintain metering equipment capable of measuring the flow of kilowatt-hours (kWh) of energy. The Customer's service associated with the CRG will be metered at a single metering point. The metering equipment will measure energy delivered by Utility to Customer and also measure energy delivered by Customer to Utility. Customer agrees to provide safe and reasonable access to the premises for installation of this equipment and its future maintenance or removal.

  • Capital Equipment Collaborator’s commitment, if any, to provide ICD with capital equipment to enable the research and development activities under the Research Plan appears in Appendix B. If Collaborator transfers to ICD the capital equipment or provides funds for ICD to purchase it, then ICD will own the equipment. If Collaborator loans capital equipment to ICD for use during the CRADA, Collaborator will be responsible for paying all costs and fees associated with the transport, installation, maintenance, repair, removal, or disposal of the equipment, and ICD will not be liable for any damage to the equipment.

  • Fixtures and Equipment Each of the Company and its Subsidiaries (as applicable) has good title to, or a valid leasehold interest in, the tangible personal property, equipment, improvements, fixtures, and other personal property and appurtenances that are used by the Company or its Subsidiary in connection with the conduct of its business (the “Fixtures and Equipment”). The Fixtures and Equipment are structurally sound, are in good operating condition and repair, are adequate for the uses to which they are being put, are not in need of maintenance or repairs except for ordinary, routine maintenance and repairs and are sufficient for the conduct of the Company’s and/or its Subsidiaries’ businesses (as applicable) in the manner as conducted prior to the Closing. Each of the Company and its Subsidiaries owns all of its Fixtures and Equipment free and clear of all Liens except for (a) liens for current taxes not yet due and (b) zoning laws and other land use restrictions that do not impair the present or anticipated use of the property subject thereto.

  • Furniture, Fixtures and Equipment Licensee acknowledges receipt in good condition of the Premises, without warranty, expressed or implied, on its condition or fitness. Licensee shall not alter the Premises’ fixtures, furnishings or equipment without consent of the Institute. Upon expiration or revocation of this License Contract, Licensee shall return the Premises, with Institute’s furniture, fixtures and equipment to Institute in the same condition as when received, less reasonable wear and tear. Licensee waives California Civil Code Section 1957, if applicable.

  • Plant and Equipment The plants, structures and equipment of the Company are structurally sound with no known defects and are in good operating condition and repair and are adequate for the uses to which they are being put; and none of such plants, structures or equipment are in need of maintenance or repairs except for ordinary, routine maintenance and repairs which are not material in nature or cost. Except as set forth in Schedule 3.16, the Company has not received notification that it is in violation of any applicable building, zoning, anti-pollution, health or other law, ordinance or regulation in respect of its plants or structures or their operations and no such violation exists.