Common use of The Hole Clause in Contracts

The Hole. In the event the hole should be lost or damaged at any time, Operator shall, except as provided in Paragraph 705(f), be responsible for and hold harmless and indemnify Contractor and its suppliers, contractors and subcontractors of any tier from such damage to or loss of the hole, including all downhole property therein.

Appears in 1 contract

Samples: Offshore Daywork Drilling Contract

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The Hole. In the event the hole should be is lost or damaged at any time, Operator shall, except as provided in Paragraph 705(f), shall be responsible for and hold harmless and indemnify Contractor and its suppliers, contractors and subcontractors of any tier Group from such damage to or loss of the hole, including all downhole property therein.

Appears in 1 contract

Samples: Offshore Drilling Contract (Cobalt International Energy, Inc.)

The Hole. In the event the a hole should be is lost or damaged at any timefrom causes other than the gross negligence of Contractor, Operator shall, except as provided in Paragraph 705(f), shall be responsible for and hold harmless and indemnify Contractor and its suppliers, contractors and subcontractors of any tier from such damage to or loss of the hole, including all downhole property therein.

Appears in 1 contract

Samples: Daywork Drilling Contract (Chaparral Resources Inc)

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The Hole. In the event the hole should be lost or damaged at any time, Operator shall, except as provided in Paragraph 705(f), shall be responsible for and hold harmless and indemnify Contractor and its suppliers, contractors and subcontractors of any tier from such damage to or loss of the hole, including all downhole property therein.

Appears in 1 contract

Samples: International Offshore Daywork Drilling Contract

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