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.
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Samples: Us Offshore Daywork Drilling Contract, International Offshore Daywork Drilling Contract, Offshore Daywork Drilling Contract
Operating Rate. The Operating Rate specified in Appendix A will first become payable from the moment when the Drilling Unit arrives spuds the first well at the first drilling location and commences either jacking operations or running anchors (whichever is applicable)location. The Operating Rate shall continue to be payable throughout the duration of the Contract, Contract except as herein otherwise provided.
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