Minimum Stages Clause Samples

Minimum Stages. Company shall provide a minimum of [***] stages during the Term (“Minimum Stages”). If Company does not provide Contractor the Minimum Stages, then $[***] per stage for any stages less than the Minimum Stages shall be owed by Company to Contractor (“Dedicated Fleet Charge”). If at any time during the Term prior to the completion of the Minimum Stages (i) there occurs a stoppage of Services at the direction of Company or (ii) Company will not be able to fully utilize the Dedicated Fleet or any portion thereof in the reasonable judgment of Contractor and Company, then Contractor shall be permitted to perform services using the Dedicated Fleet or any portion thereof for another company to the extent such performance does not compromise Company’s fracturing schedule, and any stages completed by the Dedicated Fleet for another company shall count towards the Minimum Stages. Contractor shall provide a minimum of [***] stages during the Term (“Minimum Stages”). If Contractor does not provide Company the Minimum Stages, then $[***] per stage for any stages less than the Minimum Stages shall be owed by Contractor to Company (“Dedicated Fleet Charge”).