Operating Rate. Except when some other rate provided in the Drilling Order applies, in particular during Turnkey operations, the Operating Rate will be payable during the term of this Agreement. However the Company shall not continue to pay the Operating Rate in the case that the Republic of Kazakhstan Technical Inspection Board shuts the Drilling Unit for safety or similar reasons. Also additional services will be payable in accordance with Paragraph 7.10 of this Agreement and proper side agreement for such services.
Appears in 3 contracts
Sources: Master Drilling Agreement, Master Drilling Agreement (Big Sky Energy Corp), Master Drilling Agreement (Big Sky Energy Corp)