Common use of By Operator Clause in Contracts

By Operator. Notwithstanding the provisions of Paragraph 501 with respect to the depth to be drilled, Operator shall have the right to direct the stoppage of work to be performed by Contractor hereunder at any time prior to reaching the Turnkey Depth, even though Contractor has made no default hereunder. In such event, Operator shall be under no obligation to Contractor except as set forth in Paragraph 904.