Operating Day Rate Sample Clauses

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: 0 12,500± $ 15,500 per day $ 15,500 per day Using Operator’s drill pipe $ per day. The rate will begin when the drilling unit is rigged up at the drilling location, or positioned over the location during marine work, and ready to commence operations; and will cease when the rig and pits are cleaned & wellhead is installed. If under the above column “With Drill Pipe” no rates are specified, (he rate per twenty-four hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. $ per ft. $ per ft. $ per ft. $ per ft. $ per ft. $ per ft. Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds 6 degrees or when the change of angle exceeds 3 degrees per one hundred feet. Drill pipe shall be considered in use not only when in actual use but also while it is being picked up or laid down. When drill pipe is standing in the xxxxxxx, it shall not be considered in use, provided, however, that if Contractor furnishes special strings of drill pipe, drill collars, and handling tools as provided for in Exhibit “A”, the same shall be considered in use at all times when on location or until released by Operator. In no event shall fractions of an hour be considered in computing the amount of time drill pipe is in use but such time shall be computed to the nearest hour, with thirty minutes or more being considered a full hour and less than thirty minutes not to be counted.
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Operating Day Rate. Contractor shall be paid an Operating Day Rate of payable from the commencement date and at all times during the term of the Agreement, except when specially otherwise provided for in this Agreement.
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Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 15,000± $17,500 per day $17,500 per day _________ _________ _________ _________ _________ _________ _________ _________ Using Operator’s drill pipe $ per day. The rate will begin when the drilling unit is rigged up at the drilling location, or positioned over the location during marine work, and ready to commence operations; and will cease when the rig and pits are cleaned & wellhead is installed. If under the above column “With Drill Pipe” no rates are specified, (he rate per twenty-four hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATE PER 24-HOUR DAY Straight Hole Size Grade Directional or Uncontrollable Deviated Hole Size Grade $ per ft. _________ _________ $ per ft. _________ _________ $ per ft. _________ _________ $ per ft. _________ _________ $ per ft. _________ _________ $ per ft. _________ _________ Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds 6 degrees or when the change of angle exceeds 3 degrees per one hundred feet. Drill pipe shall be considered in use not only when in actual use but also while it is being picked up or laid down. When drill pipe is standing in the xxxxxxx, it shall not be considered in use, provided, however, that if Contractor furnishes special strings of drill pipe, drill collars, and handling tools as provided for in Exhibit “A”, the same shall be considered in use at all times when on location or until released by Operator. In no event shall fractions of an hour be considered in computing the amount of time drill pipe is in use but such time shall be computed to the nearest hour, with thirty minutes or more being considered a full hour and less than thirty minutes not to be counted.
Sample 1See All (4)
Operating Day Rate. For work performed per twenty-four (24) hour day with FOUR (4) man crew The operating day rate shall commence at the time the 1st collar is picked up to go into the hole and be: Depth Intervals 0 TD $14,500.00 per day $14,500.00 per day The rate will begin when the drilling unit is rigged up at the drilling location, and ready to commence operations; and will cease when the rig is ready to be moved off location. If under the above column “With Drill Pipe” no rates are specified, the rate per twenty-dour hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. Straight Hole Size Grade Directional or Size Grade $ per ft. $ per ft $ per ft. $ per ft $ per ft. $ per ft Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds degrees or when the change of angle exceeds degrees per hundred feet.
Sample 1
Operating Day Rate. FOR WORK PERFORMED PER TWENTY-FOUR (24) HOUR DAY WITH 4 MAN CREW THE OPERATING DAY RATE SHALL BE: $ 13.500 RIGS 4, 6, 8 PER DAY $ 13.500 RIGS 4, 6, 8 PER DAY $ 12.500 RIGS 1, 2 PER DAY $ 12.500 RIGS 1, 2 PER DAY $ PER DAY $ PER DAY USING OPERATOR’S DRILL PIPE $ ______________ PER DAY. THE RATE WILL BEGIN WHEN THE DRILLING UNIT IS RIGGED UP AT THE DRILLING LOCATION, OR POSITIONED OVER THE LOCATION DURING MARINE WORK, AND READY TO COMMENCE OPERATIONS; AND WILL CEASE WHEN THE RIG IS READY TO BE MOVED OFF THE LOCATION. IF UNDER THE ABOVE COLUMN “WITH DRILL PIPE” NO RATES ARE SPECIFIED, THE RATE PER TWENTY-FOUR HOUR DAY WHEN DRILL PIPE IS IN USE SHALL BE THE APPLICABLE RATE SPECIFIED IN THE COLUMN “WITHOUT DRILL PIPE” PLUS COMPENSATION FOR ANY DRILL PIPE ACTUALLY USED AT THE RATES SPECIFIED BELOW, COMPUTED ON THE BASIS OF THE MAXIMUM DRILL PIPE IN USE AT ANY TIME CURING EACH TWENTY-FOUR HOUR DAY. $ PER FT. $ PER FT. $ PER FT. $ PER FT. $ PER FT. $ PER FT. DIRECTIONAL OR UNCONTROLLED DEVIATED HOLE WILL BE DEEMED TO EXIST WHEN DEVIATION EXCEEDS __________ DEGREES OR WHEN THE CHANGE OF ANGLE EXCEEDS __________ DEGREES PER ONE HUNDRED FEET. DRILL PIPE SHALL BE CONSIDERED IN USE NOT ONLY WHEN IN ACTUAL USE BUT ALSO WHILE IT IS BEING PICKED UP OR LAID DOWN. WHEN DRILL PIPE IS STANDING IN THE XXXXXXX, IT SHALL NOT BE CONSIDERED IN USE. PROVIDED, HOWEVER, THAT IF CONTRACTOR FURNISHES SPECIAL STRINGS OF DRILL PIPE, DRILL COLLARS, AND HANDLING TOOLS AS PROVIDED FOR IN EXHIBIT “A”, THE SAME SHALL BE CONSIDERED IN USE AT ALL TIMES WHEN ON LOCATION OR UNTIL RELEASED BY OPERATOR. IN NO EVENT SHALL FRACTIONS OF AN HOUR BE CONSIDERED IN COMPUTING THE AMOUNT OF TIME DRILL PIPE IS IN USE BUT SUCH TIME SHALL BE COMPUTED TO THE NEAREST HOUR, WITH THIRTY MINUTES OR MORE BEING CONSIDERED A FULL HOUR AND LESS THAN THIRTY MINUTES NOT TO BE COUNTED.
Sample 1
Operating Day Rate. US$ 750 per hour. The Operating Day Rate shall commence from the day following the day on which Contractor notifies Zion in writing that the Drilling Unit is rigged-up over the well and Zion's representative deems that the Drilling Unit is ready to begin operations pursuant to the Procedures, following the completion of the Drilling Unit acceptance test, provided that Zion will conclude such acceptance test within 1 (one) day of notification of the Contractor as aforesaid (such one (1) day period not to include any time necessary for repair of any deficiencies brought to the Contractor's attention in the course of the acceptance test and necessary to bring the Drilling Unit up to specification). Nippling up of the B.O.P. shall take place after the satisfactory completion of the acceptance test with the installation time to be paid for at the Operating Day Rate. Subject as otherwise provided herein, the Operating Day Rate shall continue until Zion's representative informs the Contractor that operations pursuant to the Procedures are completed, the drill string has been removed from the hole and is laid down, the B.O.P. stack has been dismantled and removed from the base, the xxxxxxx has been lowered and the mud pits have been cleaned (such day the "Procedures Termination Date").
Sample 1
Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: DEPTH INTERVALS See 23.2 FROM TO WITHOUT DRILL PIPE WITH DRILL PIPE $ per day per day ---------- ---------- --------------- --------------- $ per day per day ---------- ---------- --------------- --------------- $ per day per day ---------- ---------- --------------- --------------- Using Operator's drill pipe $ per day ---------------
Sample 1
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Related to Operating Day Rate

  • Working Day Working Day means a day other than a Saturday, Sunday, or a holiday which is observed by the construction industry in the area of the Place of the Work.

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Xxxxxxx Mac will designate an alternative index that has performed, or that Xxxxxxx Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Interest Rate Determination (a) To the extent required hereunder, each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining each Eurodollar Rate. If fewer than two Reference Banks furnish such timely information to the Administrative Agent for the purpose of determining any such rate, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Bank. (b) The Administrative Agent shall give prompt notice to the applicable Borrower and the Lenders of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.09(a) or (b), and, if applicable, the applicable rate, if any, furnished by each Reference Bank for the purpose of determining the applicable interest rate under Section 2.09(b). (c) If, with respect to any Eurodollar Rate Advances, (i) the Required Lenders notify the Administrative Agent that the Eurodollar Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurodollar Rate Advances for such Interest Period, or (ii) the Reference Banks notify the Administrative Agent that adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of Eurodollar Rate, the Administrative Agent shall forthwith so notify the Borrowers and the Lenders, whereupon (A) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance, and (B) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the Administrative Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist. (d) If the applicable Borrower shall fail to select the duration of any Interest Period for any Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances. (e) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $10,000,000, such Advances shall automatically Convert into Base Rate Advances. (f) Upon the occurrence and during the continuance of any Event of Default, (i) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended.

  • Mandate Rate The Mandate Rate shall be based upon the monthly average of the net assets of the funds in the Equity asset class, as indicated on Master Schedule A to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Mandate Rate may vary by class. The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.

  • Boxing Day If another Federal, Provincial or Municipal holiday should be proclaimed during the term of this Agreement, such additional proclaimed holiday will replace one of the above-named holidays as agreed by the parties. The intent is that there will be no more than twelve (12) paid holidays per calendar year for the duration of this agreement.

  • Determination Date The Business Day immediately preceding the related Remittance Date.

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