Force Majeure Rate Sample Clauses
The Force Majeure Rate clause defines the specific rate or pricing that applies when a party is unable to perform its contractual obligations due to a force majeure event, such as natural disasters or other unforeseeable circumstances beyond their control. In practice, this clause may set a reduced payment rate, a suspension of charges, or an alternative calculation method for the duration of the force majeure event. Its core function is to fairly allocate financial risk and responsibility between the parties during periods when normal contract performance is disrupted by extraordinary events.
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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. $[***] 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, as set forth below.
a. Without prejudice to and subject to the risk of loss, release and indemnity obligations under this Contract, each party of this Contract shall be excused from complying with the terms of this Contract, except for the payment of monies when due, if such compliance is hindered or prevented by a Force Majeure Event. If a party is rendered unable, wholly or in part, by a Force Majeure Event to perform, that party shall give written notice detailing such Force Majeure Event to the other party as soon as possible, but no later than [***] after the commencement of such Force Majeure Event.
b. Neither Producer nor Contractor shall be required against its will to adjust any labor or similar disputes except in accordance with applicable law.
c. Subject to Subsection 4(e) of this Exhibit C, if a Force Majeure Event makes it impossible for Contractor to perform Services in all of the areas/states subject to this Contract, Producer shall pay the Force Majeure Rate for the days that Contractor is unable to perform Services; however, if Contractor is reasonably able to, it shall relocate to another location of Producer or to another producer, so long as said relocation does not displace another fleet (of Contractor or another fracturing services contractor employed by Producer). Any relocation [***]. Producer shall not owe a Force Majeure Rate during the time when Services (or services for another producer) are performed at the other location.
d. Subject to Subsection 4(e) of this Exhibit C, if a Force Majeure Event renders fracturing impossible or impractical in only certain areas/states subject to this Contract, Producer shall pay the Force Majeure Rate for the days that Contractor is unable to perform Services; however, if Contractor is reasonably able to, it may relocate to another location of Producer or to another producer, so long as said relocation does not displace another fleet (of Contractor or another fracturing services contractor employed by Producer). Any relocation [***]. Producer shall not owe a Force Majeure Rate during the any time when Services (or services for another producer) are performed at the other location.
e. Notwithstanding anything contained in this Contract to the contrary, after payment of the Force Majeure Rate for a period of [***] consecutive days:
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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 1402, including all time required to restore the hole to the same depth and condition which existed when the Force Majeure event occurred, up to a maximum of thirty (30) consecutive days, after which and during the continuous existence of the Force Majeure condition no day rate will be payable and the Contract may be terminated at the option of either party, subject to demobilization.
Force Majeure Rate per Section 8.1(F): 90% of Operating Rate · First thirty (30) days: Stand-by with Crews Rate · After thirty (30) days, up to ninety (90) days: One-half of the Extended Standby Rate · After ninety (90) days: Zero Rate unless Contractor elects to terminate the Contract
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:
a) for the first thirty (30) days of each separate Force Majeure Period the Force Majeure Rate shall be equal to the FHR payable pursuant to Clause 12.3.2; and
b) for each subsequent day of each separate Force Majeure Period the Force Majeure Rate shall be equal to ninety percent (90%) of the Hire Rate as set out in Exhibit H, subject to indexation pursuant to Exhibit H.
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.
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. $[***] 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.
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 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.