Non-Productive Time definition
Examples of Non-Productive Time in a sentence
Neither Fleet Mobilization Time (defined below) nor any time period that the Parties may agree to, including a holiday or time period associated with a weather event, shall be Company or Contractor Non-Productive Time (each defined in Article 7(b)).
The provision of Services under this Agreement and the applicable pricing described herein are subject to the operating parameters described above and in Exhibit A together with the Non-Productive Time, Equipment Mobilization and Efficiency Rate parameters described in Article 7, Article 8, Exhibit B and Exhibit C (collectively the “Operating Parameters”).
Where Precision’s Equipment is not operating, but such failure to operate does not meet the definition of Directional Non-Productive Time, Customer shall continue to pay the applicable operating rate and Customer’s release contained herein shall apply.
Extraneous incidents and activities, including without limitation, rig downtime, stuck pipe and hole conditioning, that in any manner prevent continuation or return to normal operations during this period will be deducted from the Directional Non-Productive Time calculation.
The Non-Productive Time Credit shall be Customer’s sole remedy from Precision for any costs or expenses incurred, directly or indirectly, by Customer, including without limitation rig costs, as a result of any downtime of Precision’s Equipment, including without limitation Directional Non-Productive Time, and Customer specifically releases Precision from any claims Customer may otherwise make in regard thereto, regardless of the cause of such downtime.
The provision of Services under this Agreement and the applicable pricing described herein are subject to the operating parameters described above and in Exhibit A together with the Non-Productive Time, Equipment Mobilization and Stage Attainment Rate parameters described in Article 7, Article 8, Exhibit B and Exhibit C (collectively the “Operating Parameters”).
The provision of Services under this Agreement and the applicable pricing described herein are subject to the operating parameters described above and in Exhibit A together with the Non-Productive Time, Equipment Mobilization and Efficiency Rate parameters described in Article 7 Article 8, Exhibit B and Exhibit C (collectively the “Operating Parameters”).