LOSS OF HOLE Sample Clauses

LOSS OF HOLE. Liability for; A loss of or damage to any well or hole,
Sample 1
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LOSS OF HOLE. If work is terminated by either Operator or Contractor as a result of loss of or damage to the hole while Contractor is working on a Daywork Basis prior to reaching Turnkey Depth, Operator shall pay Contractor the Turnkey Price specified in Appendix A less the amount calculated pursuant to the proration formula specified in Appendix A, less the cost of any logs not run which were specified in Appendix C, plus payment for work performed at the applicable daywork rates.
Sample 1
LOSS OF HOLE. (FOR DOWNHOLE SERVICES ONLY) Notwithstanding anything to the contrary in this Master Contract, Company shall bear all risk and responsibility
Sample 1
LOSS OF HOLE. Even though a hole is lost or damaged while CONTRACTOR is working on the well, CONTRACTOR shall be paid for its Work in accordance with the terms of this Contract. It is agreed that COMPANY shall bear all risk and responsibility for loss of the hole provided that, if such loss or damage be the result of the negligence or willful misconduct of CONTRACTOR, CONTRACTOR shall, as COMPANY may elect, either drill a new hole on the same location to a depth at which the original hole was lost or redrill such section of the hole as COMPANY may require under all terms of this Contract at ninety (90%) percent of the Operating Rate.
Sample 1
LOSS OF HOLE. In the event the hole is lost or damaged, Operator shall be responsible for any such loss of or damage to the hole; provided, however, that if such loss or damage is caused by Contractor's sole or gross negligence or willful misconduct, Contractor shall, at Operator's election, drill a new hole on the same location or redrill such section of the hole as Operator may require, and Contractor shall be paid at eighty percent (80%) of the applicable dayrate, until the new hole has reached the depth at which the old hole was abandoned or, as the case may be, the section has been redrilled to the satisfaction of Operator.
Sample 1

Related to LOSS OF HOLE

  • Acts of Holders (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the "Act" of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section.

  • Lists of Holders The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee, semi-annually, not more than 15 days after each May 15 and November 15 in each year beginning with May 15, 2023, and at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request (or such lesser time as the Trustee may reasonably request in order to enable it to timely provide any notice to be provided by it hereunder), a list in such form as the Trustee may reasonably require of the names and addresses of the Holders as of a date not more than 15 days (or such other date as the Trustee may reasonably request in order to so provide any such notices) prior to the time such information is furnished, except that no such list need be furnished so long as the Trustee is acting as Note Registrar.

  • Rights of Holder Nothing contained in this Warrant shall be construed as conferring upon the Holder the right to vote, consent or receive notice as a shareholder in respect of any meetings of shareholders for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company.

  • Rights of Holders (a) The Holders of a Majority in liquidation amount of the Preferred Securities have the right to direct the time, method and place of conducting of any proceeding for any remedy available to the Preferred Guarantee Trustee in respect of this Preferred Securities Guarantee or exercising any trust or power conferred upon the Preferred Guarantee Trustee under this Preferred Securities Guarantee.

  • Liability of Holder for Taxes If any tax or other governmental charge shall become payable by or on behalf of the Custodian or the Depositary with respect to this Receipt or any Deposited Securities represented by the American Depositary Shares evidenced by this Receipt, such tax or other governmental charge shall be payable by the Holder hereof, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer of this Receipt or any split-up or combination hereof or any withdrawal of such Deposited Securities until such payment is made, and may withhold or deduct from any distributions on such Deposited Securities, or may sell for the account of the Holder hereof any part or all of such Deposited Securities (after attempting by reasonable means to notify the Holder hereof prior to such sale), and may apply such cash or the proceeds of any such sale in payment of such tax or other governmental charge, the Holder hereof remaining liable for any deficiency.

  • Replacement of Holdout Lender (a) If any action to be taken by the Lender Group or Agent hereunder requires the unanimous consent, authorization, or agreement of all Lenders, and a Lender (“Holdout Lender”) fails to give its consent, authorization, or agreement, then Agent, upon at least 5 Business Days prior irrevocable notice to the Holdout Lender, may permanently replace the Holdout Lender with one or more substitute Lenders (each, a “Replacement Lender”), and the Holdout Lender shall have no right to refuse to be replaced hereunder. Such notice to replace the Holdout Lender shall specify an effective date for such replacement, which date shall not be later than 15 Business Days after the date such notice is given.

  • List of Holders Promptly upon written request by the Company, the Depositary shall furnish to it a list, as of a recent date, of the names, addresses and holdings of ADSs of all Holders.

  • Permitted Activities of Holdings Holdings shall not:

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