Common use of LAY TIME Clause in Contracts

LAY TIME. Seller shall allow Keystone Lay Time of one hour for each 500 Tons of coal delivered. Lay Time shall commence upon the earlier of (i) when Seller's barge or vessel is safely moored at Keystone's berth and the barge operator gives notice of readiness to Keystone for unloading or (ii) when * CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. BRACKETS AND UNDERSCORES DENOTE SUCH OMISSIONS. Seller's barge or vessel has arrived in the vicinity of Keystone's berth, and the barge operator has given notice of readiness to Keystone, but is unable to safely moor due to an obstruction at Keystone's berth not caused by Seller or its subcontractors. Lay Time shall end when Keystone has (i) unloaded Seller's barge or vessel so that no more coal, practicably recoverable by "bobcat" type unloading machinery typically used for this purpose, remains in such barge or vessel; and (ii) cleaned any spillage of coal on the exterior of such barge or vessel which occurred during the unloading operations; and (iii) notified the representative of the barge or vessel owner that the unloading operation is complete.