Operating Day Rate Sample Clauses

Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 12,500± $ 15,500 per day $ 15,500 per day Using Operator’s drill pipe $ per day. The rate will begin when the drilling unit is rigged up at the drilling location, or positioned over the location during marine work, and ready to commence operations; and will cease when the rig and pits are cleaned & wellhead is installed. If under the above column “With Drill Pipe” no rates are specified, (he rate per twenty-four hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATE PER 24-HOUR DAY Straight Hole Size Grade $ per ft. $ per ft. $ per ft. Directional or Uncontrollable Deviated Hole Size Grade $ per ft. $ per ft. $ per ft. Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds 6 degrees or when the change of angle exceeds 3 degrees per one hundred feet. Drill pipe shall be considered in use not only when in actual use but also while it is being picked up or laid down. When drill pipe is standing in the xxxxxxx, it shall not be considered in use, provided, however, that if Contractor furnishes special strings of drill pipe, drill collars, and handling tools as provided for in Exhibit “A”, the same shall be considered in use at all times when on location or until released by Operator. In no event shall fractions of an hour be considered in computing the amount of time drill pipe is in use but such time shall be computed to the nearest hour, with thirty minutes or more being considered a full hour and less than thirty minutes not to be counted.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Operating Day Rate. Contractor shall be paid an Operating Day Rate of payable from the commencement date and at all times during the term of the Agreement, except when specially otherwise provided for in this Agreement.
Sample 1Sample 2Sample 3See All (4)
Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: DEPTH INTERVALS See 23.2 FROM TO WITHOUT DRILL PIPE WITH DRILL PIPE $ per day per day ---------- ---------- --------------- --------------- $ per day per day ---------- ---------- --------------- --------------- $ per day per day ---------- ---------- --------------- --------------- Using Operator's drill pipe $ per day --------------- If under the above column "With Drill Pipe" no day rates are specified, the daywork rate per twenty-four hour day when drill pipe is in use shall be the applicable daywork rate specified in the column "Without Drill Pipe" plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATES PER 24-HOUR DAY DIRECTIONAL OR STRAIGHT HOLE SIZE GRADE UNCONTROLLABLE DEVIATED HOLE SIZE GRADE $ per ft. $ per ft. ------------------------- ---------- --------- ------------------------- ---------- ---------- $ per ft. $ per ft. ------------------------- ---------- --------- ------------------------- ---------- ---------- $ per ft. $ per ft. ------------------------- ---------- --------- ------------------------- ---------- ---------- Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds __________ degrees or when the change of angle exceeds __________ degrees per one hundred feet. Drill pipe shall be considered in use not only when in actual use but also while it is being picked up or laid down. When drill pipe is standing in the derrxxx, xx shall not be considered in use, provided, however, that if Contractor furnishes special strings of drill pipe, drill collars, and handling tools as provided for in Exhibit "A", the same shall be considered in use at all times when on location or until released by Operator. In no event shall fractions of an hour be considered in computing the amount of time drill pipe is in use but such time shall be computed to the nearest hour, with thirty minutes or more being considered a full hour and less than thirty minutes not to be counted. Operating rate will begin when the drilling unit is rigged up at the drilling location, or positioned over the location during marine work, and ready to commence operations; and will cease when the rig is ready to be moved off the location.
Sample 1
Operating Day Rate. For work performed per twenty-four (24) hour day with FOUR (4) man crew The operating day rate shall commence at the time the 1st collar is picked up to go into the hole and be: Depth Intervals From To Without Drill Pipe With Drill Pipe 0 TD $14,500.00 per day $14,500.00 per day The rate will begin when the drilling unit is rigged up at the drilling location, and ready to commence operations; and will cease when the rig is ready to be moved off location. If under the above column “With Drill Pipe” no rates are specified, the rate per twenty-dour hour day when drill pipe is in use shall be the applicable rate specified in the column “Without Drill Pipe” plus compensation for any drill pipe actually used at the rates specified below, computed on the basis of the maximum drill pipe in use at any time during each twenty-four hour day. DRILL PIPE RATE PER 24-HOUR DAY Straight Hole Size Grade Directional or Size Grade Uncontrollable Deviated Hole $ per ft. $ per ft $ per ft. $ per ft $ per ft. $ per ft Directional or uncontrolled deviated hole will be deemed to exist when deviation exceeds degrees or when the change of angle exceeds degrees per hundred feet.
Sample 1
Operating Day Rate. FOR WORK PERFORMED PER TWENTY-FOUR (24) HOUR DAY WITH 4 MAN CREW THE OPERATING DAY RATE SHALL BE: DEPTH INTERVALS FROM TO WITHOUT DRILL PIPE WITH DRILL PIPE $ 13.500 RIGS 4, 6, 8 PER DAY $ 13.500 RIGS 4, 6, 8 PER DAY $ 12.500 RIGS 1, 2 PER DAY $ 12.500 RIGS 1, 2 PER DAY $ PER DAY $ PER DAY USING OPERATOR’S DRILL PIPE $ ______________ PER DAY. THE RATE WILL BEGIN WHEN THE DRILLING UNIT IS RIGGED UP AT THE DRILLING LOCATION, OR POSITIONED OVER THE LOCATION DURING MARINE WORK, AND READY TO COMMENCE OPERATIONS; AND WILL CEASE WHEN THE RIG IS READY TO BE MOVED OFF THE LOCATION. IF UNDER THE ABOVE COLUMN “WITH DRILL PIPE” NO RATES ARE SPECIFIED, THE RATE PER TWENTY-FOUR HOUR DAY WHEN DRILL PIPE IS IN USE SHALL BE THE APPLICABLE RATE SPECIFIED IN THE COLUMN “WITHOUT DRILL PIPE” PLUS COMPENSATION FOR ANY DRILL PIPE ACTUALLY USED AT THE RATES SPECIFIED BELOW, COMPUTED ON THE BASIS OF THE MAXIMUM DRILL PIPE IN USE AT ANY TIME CURING EACH TWENTY-FOUR HOUR DAY. DRILL PIPE RATE PER 24-HOUR DAY STRAIGHT HOLE SIZE GRADE DIRECTIONAL OR UNCONTROLLABLE DEVIATED HOLE SIZE GRADE $ PER FT. $ PER FT. $ PER FT. $ PER FT. $ PER FT. $ PER FT. DIRECTIONAL OR UNCONTROLLED DEVIATED HOLE WILL BE DEEMED TO EXIST WHEN DEVIATION EXCEEDS __________ DEGREES OR WHEN THE CHANGE OF ANGLE EXCEEDS __________ DEGREES PER ONE HUNDRED FEET. DRILL PIPE SHALL BE CONSIDERED IN USE NOT ONLY WHEN IN ACTUAL USE BUT ALSO WHILE IT IS BEING PICKED UP OR LAID DOWN. WHEN DRILL PIPE IS STANDING IN THE XXXXXXX, IT SHALL NOT BE CONSIDERED IN USE. PROVIDED, HOWEVER, THAT IF CONTRACTOR FURNISHES SPECIAL STRINGS OF DRILL PIPE, DRILL COLLARS, AND HANDLING TOOLS AS PROVIDED FOR IN EXHIBIT “A”, THE SAME SHALL BE CONSIDERED IN USE AT ALL TIMES WHEN ON LOCATION OR UNTIL RELEASED BY OPERATOR. IN NO EVENT SHALL FRACTIONS OF AN HOUR BE CONSIDERED IN COMPUTING THE AMOUNT OF TIME DRILL PIPE IS IN USE BUT SUCH TIME SHALL BE COMPUTED TO THE NEAREST HOUR, WITH THIRTY MINUTES OR MORE BEING CONSIDERED A FULL HOUR AND LESS THAN THIRTY MINUTES NOT TO BE COUNTED.
Sample 1
Operating Day Rate. US$ 750 per hour. The Operating Day Rate shall commence from the day following the day on which Contractor notifies Zion in writing that the Drilling Unit is rigged-up over the well and Zion's representative deems that the Drilling Unit is ready to begin operations pursuant to the Procedures, following the completion of the Drilling Unit acceptance test, provided that Zion will conclude such acceptance test within 1 (one) day of notification of the Contractor as aforesaid (such one (1) day period not to include any time necessary for repair of any deficiencies brought to the Contractor's attention in the course of the acceptance test and necessary to bring the Drilling Unit up to specification). Nippling up of the B.O.P. shall take place after the satisfactory completion of the acceptance test with the installation time to be paid for at the Operating Day Rate. Subject as otherwise provided herein, the Operating Day Rate shall continue until Zion's representative informs the Contractor that operations pursuant to the Procedures are completed, the drill string has been removed from the hole and is laid down, the B.O.P. stack has been dismantled and removed from the base, the xxxxxxx has been lowered and the mud pits have been cleaned (such day the "Procedures Termination Date").
Sample 1

Related to Operating Day Rate

  • Working Day Working Day means a day other than a Saturday, Sunday, or a holiday which is observed by the construction industry in the area of the Place of the Work.

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. “One-Month LIBOR” will be determined by using the “Interest Settlement Rate” for U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Freddie Mac will designate an alternative index that has performed, or that Freddie Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

  • WORKING DAY BEFORE AUCTION DATE The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to the Assignee. Bidders please refer to the Online Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the deposit. For further particulars, please contact MESSRS SIDEK XXXX XXXX & XXXXXX, Solicitors for Assignee herein whose address is at Level 16, Menara Bumiputra-Commerce, Xx. 00, Xxxxx Xxxx Xxxx, 00000 Xxxxx Xxxxxx. Tel: 00-0000 0000 / Fax: 00-0000 0000 [Ref:L3546(F).00101702523JCS/YN] or under mentioned Auctioneer. RAJAN AUCTIONEERS SDN. BHD. X. XXXXX Xx.00X, Xxxxxxx Xxxx, Xxxxx Xxxx Xxxxxx, ( Licensed Auctioneer ) 41000 Klang , Selangor Darul Ehsan H/P : 000-0000000 Tel : 00-00000000 / Fax: 00-00000000 H/P : 012-2738109 Our Ref: RA/ABB/STWD/KL/2086-23(sri) PERISYTIHARAN JUALAN DALAM PERKARA PERJANJIAN KEMUDAHAN XXX PENYERAHAN PERJANJIAN BELI JUAL (PIHAK PERTAMA) KEDUA-DUANYA BERTARIKH 09HB APRIL 2019 ANTARA AFFIN BANK BERHAD (197501003274 / 25046-T) PIHAK PEMEGANG SERAHHAK/PIHAK BANK XXX XX XXX XXX ( XX.XX: 810511-05-5658)… PIHAKPENYERAHHAK/PEMINJAM Dalam menjalankan xxx xxx kuasa xxxx diberi kepada Pihak Pemegang Serahhak xxx di bawah Perjanjian Kemudahan xxx Penyarahan Beli Jual (Pihak Pertama) kedua-duanya bertarikh 09hb April 2019, dimasukkan di antara Pihak Pemegang Serahhak xxx Pihak Penyerahhak xxx dalam Perjanjian Jual Beli di antara Pihak Penyerahhak xxx Nusmetro Ampang Sdn Bhd (“Pemaju”) xxx N Jaya Sdn Bhd (‘Penjual’’) xxx Pihak Berkuasa Kemajuan Pekebun Kecil Perusahaan Getah (‘Pemilik”) bertarikh 03hb Januari 2019, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Xxxxx xxx dengan dibantu oleh Xxxxxxxx yang tersebut di bawah. AKAN MENJUAL HARTANAH YANG DIPERIHALKAN DI BAWAH MELALUI LELONGAN AWAM PADA HARI SELASA, 31HB OKTOBER 2023 PADA JAM 11.30 PAGI, DI RAJAN AUCTIONEERS SDN BHD, XX.00X, 0XX XXXXX, XXXXX XXXX XXXXXX, 41000 KLANG, SELANGOR DARUL EHSAN

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday.

  • Interest Rate Determination (a) The Administrative Agent shall give prompt notice to the Borrower and the Lenders of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.11(a) or (b), and, if applicable, the rate for the purpose of determining the applicable interest rate under Section 2.11(c).

  • Boxing Day (b) If another Federal, Provincial or Municipal holiday should be proclaimed during the term of this Agreement, such additional proclaimed holiday will replace one of the above-named holidays as agreed by the parties. The intent is that there will be no more than twelve (12) paid holidays per calendar year for the duration of this agreement.

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

Time is Money Join Law Insider Premium to draft better contracts faster.