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 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. Unless the Contract is terminated prior to the end of the Specified Contract Term (as defined in Section 2.3), the Operating Rate as specified in Item A-22, Exhibit A shall apply during the Specified Contract Term, except for periods during which other rates are applicable or no payment by Operator is required.
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 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.
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 for each item of Workover Equipment in Appendix C will first become payable on the Commencement Date. The Operating Rate shall continue to be payable during the term of this Agreement, except when some other rate herein provided applies. Company acknowledges that the performance of the Workover Services will require the sharing of certain items of Workover Equipment between rigs and agrees that the unavailability of any item of Workover Equipment for use at any rig that results from its use at any other rig shall not negatively impact Contractor's compensation hereunder.
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. This rate applies to all activities covered by Operating Time set out in the Part IV: Specification that requires all or any part of the fully functional drilling rig and equipment, full crew, consumables (Principal owned and Contractor’s) and materials. hour
