Standby Period definition

Standby Period will normally run seven (7) consecutive days. In cases where operational requirements allow, standby periods may run less than seven (7) consecutive days.
Standby Period means the period from 1 January 2014 through 30 June 2014 during which (a) OWNER shall perform the REFURBISHMENT WORK under Clause 5.2 and (b) the STANDBY FEE shall be payable by COMPANY to OWNER regardless of the rate of hydrocarbon production of the FPSO during such period.

Examples of Standby Period in a sentence

  • Service taken up to a Customer’s Rate Schedule 31 Contract Demand is not considered to occur within a Stand-by Period.

  • If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator During Standby Period) and Clause 6 (Expenses of Substitute Administrator During Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.

  • If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator during Standby Period) and Clause 6 (Expenses of Substitute Administrator during Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.

  • Section 2.1. - Workweek and Workday 1 Section 2.2. - Alternative Work 1 Section 2.3. - Work Schedules 2 Section 2.4. - Rest Periods 2 Section 3.1. - Wage Schedule 2 Section 3.2. - Recording Time 2 Section 3.3. - Callout 2 Section 3.4. - Standby 3 Section 3.5. – Standby Period 3 Section 3.6. - Off-Duty Work 3 Section 3.7. - Upgrade Pay 3 Section 3.8. - Job Classifications 3 Section 3.9. - Shift Premium 4 Section 3.10.

  • In any month in which the Standby Period is less than the entire month, Standby Demand shall be the difference between the Maximum Demand established during the Standby Period and the Maximum Demand established the rest of the month.


More Definitions of Standby Period

Standby Period means the time during which the mobile worker has no duties, while available for taking up work. Stand-by periods must be known at least one day in advance by the mobile worker and prior to the completion of the previous shift in accordance with the conditions agreed between social partners at the level and under the terms provided in the legislation of the Member States.
Standby Period means a period of 180 days, commencing on the date that a Standby Default exists.
Standby Period has the meaning specified in Section 4.01 hereof.
Standby Period means the period commencing on (and including) the FCC Establishment Date and ending on (but excluding) the earliest of the following dates:
Standby Period means a period of 90 days, commencing on the date that a Standby Default exists. “Standby Violation” means a breach by Standby Creditor of the provisions of this Agreement.
Standby Period means the period from the Closing Date through and including January 31, 2002.
Standby Period shall have the meaning as provided under the CHARTERPARTY.