Force Majeure Rate. $ 9.000 per twenty-four (24) hour day for any continuous period that normal operations are suspended or cannot be carried on due to conditions of Force Majeure as defined in Paragraph 17 hereof. It is, however, understood that subject to Subparagraph 6.3 below, Operator can release the rig in accordance with Operator’s right to direct stoppage of the work, effective when conditions will permit the rig to be moved from the location.
Appears in 3 contracts
Samples: Agreement for Purchase of Term Assignment (Pedevco Corp), Agreement for Purchase of Term Assignment (Pedevco Corp), Agreement for Purchase of Term Assignment (Pedevco Corp)
