Operating Rate. The Operating Rate specified in Appendix A will first become payable from the moment when the Drilling Unit arrives at the first drilling location and commences either jacking operations or running anchors (whichever is applicable). The Operating Rate shall continue to be payable throughout the duration of the Contract, except as herein otherwise provided.
Operating Rate. Except when some other rate provided in the Drilling Order applies, in particular during Turnkey operations, the Operating Rate will be payable during the term of this Agreement. However the Company shall not continue to pay the Operating Rate in the case that the Republic of Kazakhstan Technical Inspection Board shuts the Drilling Unit for safety or similar reasons. Also additional services will be payable in accordance with Paragraph 7.10 of this Agreement and proper side agreement for such services.
Operating Rate. The Operating Rate shall apply from the first Commencement Date to the Termination Date, except whenever any other Day Rate, including, without limitation, Zero Day Rate, shall apply.
Operating Rate. The Operating Rate will commence as set forth in SCHEDULE A and shall apply continuously thereafter during drilling operations unless another Rate expressly applies as provided herein. Drilling operations (a) shall be deemed to commence once the Contractor’s Equipment has been moved onto the location of the relevant pad, rigged up, with full crews, Operator’s rig acceptance checklist, as set forth in SCHEDULE G, has been completed and is prepared to commence actual drilling operations and (b) shall be deemed to have ceased upon completion of drilling at such pad after the Drilling Rig has been released upon the mast is laid down and tanks cleaned.
Operating Rate. Is payable on completion of rig up (when the BHA is made up and tested and when the rig up has been approved by CONTRACTOR and COMPANY HSE responsible persons according to agreed sign off sheet as being safe for operations). The OPERATING RATE ceases once the equipment rig down process begins (when the final BHA or toolstring is broken from the CT string).
Operating Rate. The operating rate shall be as set forth on the Bid Proposal and shall be the price paid by Company to Contractor for Services during the Term. The rate 12 [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to this omitted information. will begin when the fleet is positioned and ready to commence operations and will cease when the stage/well is completed and at such time new mobilization rates shall commence. The operating rate is defined in the bid proposal cost estimates as the [***] of $[***] per stage. Other charges are outlined in the bid proposal cost estimates and amounts will vary dependent upon job size, job design, etc.
Operating Rate. The Operating Rate specified in Appendix G shall be payable during the Contract Period unless another rate specified herein is applicable.
Operating Rate. The COMPANY shall at all times pay the CONTRACTOR the Operating Rate once the DRILLING UNIT has arrived at the COMPANY’s first well location, its transponders are laid on the ocean floor, the DRILLING UNIT is at drilling draft, all Dynamic Positioning (DP) trials are successfully completed and the DRILLING UNIT is ready in all respects to spud the COMPANY’s first firm well in Republic of Guinea waters, except for those days or part thereof during which any of the other rates quoted in Clauses 5.2(b) to 5.2(h) (inclusive) of this Section III are applicable;
Operating Rate. The Operating Rate specified in Appendix A will first become payable on the Commencement Date. The Operating Rate shall continue to be payable during the term of this Contract, except when some other rate herein provided applies. However the Operator shall not continue to pay the Operating Rate in the case that the Republic (of Kazakhstan) Technical Inspection Board shuts the Drilling Unit for safety or similar reasons.
Operating Rate. The Operating Rate specified in Appendix A will first become payable on the Commencement Date. The Operating Rate shall continue to be payable throughout the duration of the Contract, except as herein otherwise provided. The Operating Rate shall also be payable as follows:
(a) during any period of delay when Contractor is unable to proceed as a direct result of an act, instruction or omission of Operator including, without limitation, the failure of any of Operator’s Items, or the failure of Operator to issue instructions, provide Operator’s Items or furnish services; and
(b) during any period after the Commencement Date (other than Mobilization or Demobilization) that the Drilling Unit is under tow, or under way. 705. Standby Rate The Standby Rate specified in Appendix A will be payable as follows:
(a) during any period of delay when Contractor is unable to proceed because of adverse sea or weather conditions including but not limited to tropical disturbances, tropical depressions, tropical storms, hurricanes, and loop and eddy currents;
(b) (intentionally blank);
(c) as provided in Paragraph 901(a) and Paragraph 901(b) or due to blowout, in each case up to a maximum of ten (10) days per occurrence after which the dayrate shall be reduced to zero ($0). If the dayrate has been reduced to zero ($0) for a period of twenty-five (25) consecutive days, either party may terminate the Contract; provided, however, that Operator may prevent such termination by paying the Standby Rate; or
(d) as provided in Paragraph 606 and Paragraph 901(c), in each case up to a maximum of thirty (30) days per occurrence after which the dayrate shall be reduced to zero ($0). If the dayrate has been reduced to zero ($0) for a period of twenty-five (25) consecutive days, either party may terminate the Contract; provided, however, that Operator may prevent such termination by paying the Standby Rate.