Force Majeure Rate Sample Clauses

Force Majeure Rate. $ 9.000 per twenty-four (24) hour day for any continuous period that normal operations are suspended or cannot be carried on due to conditions of Force Majeure as defined in Paragraph 17 hereof. It is, however, understood that subject to Subparagraph 6.3 below, Operator can release the rig in accordance with Operator’s right to direct stoppage of the work, effective when conditions will permit the rig to be moved from the location.
AutoNDA by SimpleDocs
Force Majeure Rate. The Force Majeure Rates specified in the Drilling Order will be payable during any period in which operations are not being carried on because of Force Majeure as defined in Paragraph 13.3, including periods required to repair damage caused by a Force Majeure event. However, should an event of Force Majeure continue in existence for a period of thirty (30) days, then no day rate shall be payable for the period after such thirty (30) days and either Contractor or Company shall have the right to terminate this Agreement at any time thereafter by providing written notice to the other party.
Force Majeure Rate. Force Majeure Rate shall apply during any period ("Force Majeure Period") when Production operations are delayed or suspended as a result of Force Majeure affecting any Party. The applicable Force Majeure Rate shall be calculated as follows:
Force Majeure Rate. The force majeure rate per twenty-four (24) hour day (unmanned) per ITD unit shall be *****. The force majeure rate shall be in effect when Work is unable to proceed due to force majeure as defined in the Contract.
Force Majeure Rate. The Force Majeure Rate specified in Appendix A will be payable during any period in which operations are not being carried on because of Force Majeure as defined in Paragraph 1303, including periods required to repair damage caused by a Force Majeure event. However, after thirty (30) consecutive days of the continuous existence of the Force Majeure condition the Contract may be terminated at the option of either party, subject to demobilization as provided herein. 708. Additional Payments Operator shall, in addition, pay to Contractor:
Force Majeure Rate. Force Majeure Rate shall apply from the moment that Operations have been suspended for Force Majeure and shall continue throughout the period of Force Majeure.
Force Majeure Rate. The Force Majeure Rate specified in Appendix G shall apply to the extent any of the conditions described in Article 11 apply for a period in excess of twenty-four (24) hours.
AutoNDA by SimpleDocs
Force Majeure Rate. The Force Majeure Rate indicated under Appendix B shall be payable during any period in which operations are not being carried on because of Force Majeure and NINOTSMINDA OIL COMPANY LTD the Contract has not been terminated, subject to termination of the Contract for Force Majeure in accordance with Article 2.4(E).
Force Majeure Rate. The Force Majeure Rate specified in Appendix A will be payable during any period in which operations are not being carried on because of Force Majeure as defined in Paragraph 13.3, including periods required to repair damage caused by a Force Majeure event. However, should an event of Force Majeure continue in existence for a period of ninety (90) days, then no day rate shall be payable for the period after such ninety (90) days and either Contractor or Operator shall have the right to terminate this Contract at any time thereafter.
Force Majeure Rate. $[***] per day for any continuous period (not to exceed [***]) that normal operations are suspended or cannot be carried on due to a Force Majeure Event; provided, however, if Contractor is reasonably able to, it shall relocate to another location of Company or to another company, so long as said relocation does not displace another fleet (of Contractor or another fracturing services contractor employed by Company). Any relocation is expressly subject to a revision in rates if necessary as mutually agreed by the parties or to a payment of the difference in costs and relocation fees. Company shall not owe a Force Majeure Rate during the time when Services (or services for another company) are performed at the other location. Company can receive a credit of $[***] per stage for each stage in excess of the [***] stage minimum, up to an amount equal to [***]% of the total Force Majeure Payments made.
Time is Money Join Law Insider Premium to draft better contracts faster.