Repair Rate definition

Repair Rate means the rate set forth at Annex F payable by the Owner to the Provider in the event that the Included Repair figure set out in Annex F is exceeded.

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Repair Rate has the meaning given in Appendix A, Section 1.2(c).

Repair Rate means the rate which will be applicable during a shutdown in operations for repairs to the Drilling Unit Equipment as set forth in sub-clause 5.3(e) of Section 5.

Examples of Repair Rate in a sentence

Except during Turnkey operations, the Repair Rate specified in the Drilling Order will be payable during the first twenty-four (24) hours per month during which operations are suspended to permit necessary replacement, inspection, repair of maintenance of Contractor’s Items.
Payment of the Annual Fee and Repair Rate shall be in accordance with Article 7 (Terms of Payment).
Thereafter, Contractor shall receive the $0 Repair Rate until operations are resumed.
The Market Repair Rate is calculated based on the after-sales data of Xiaomi.
The Repair Rate specified in Appendix A will be payable for any daywork operations period in excess of the period specified in Appendix A per occurrence during which operations are suspended to permit necessary replacement, inspection, repair, or maintenance of Contractor's Items.
The Repair Rate specified in Appendix A will be payable for any period in excess of the repair time specified in Appendix A per occurrence during which operations are suspended to permit necessary replacement or repair of Contractor’s Items, except as provided in Paragraphs 605 and 707.
The specific quality targets are as follows: Smart Bands Market Repair Rate <2% Smart Watches Market Repair Rate <2% Smart Scales Market Repair Rate <2% Note: Market Repair Rate means the percentage of products that need to be repaired out of the total number of sold products during certain period due to product quality issues.
The Owner shall pay to the Provider the Repair Rate for all Repairs exceeding the Included Repairs.
The Primary Term of the Drilling Contract shall automatically be extended by such repair time of $0 Repair Rate as specified in Section 3.5.
Operator and Contractor agree that the Repair Rate and zero rates payable under this Article 37.5 will not be deemed to change Operator’s liability under Article 45, including, without limitation, liability for loss of the hole as provided in Article 45.

More Definitions of Repair Rate

Repair Rate shall be applicable during such times as there is a shutdown in operations for repairs to the Drilling Equipment in the manner set out below: · the rate obtaining at the time of such shutdown shall continue until operations are resumed or until the number of hours in the month shut down for repairs reaches [***]. · thereafter at NIL Rate. The monthly allotment of time allowed for Repair Rate is not cumulative in the term of the Contract and may not be carried forward, rolled-over, or banked to any future month or year.. In the event that any such shutdown which is caused by or arises from the same incident shall continue from one month into the next, then for the purposes of this sub-clause the incident shall be treated as though it occurred in the same month. In the event operations are shut down arising out of failure of or damage to the Drilling Unit or in order to carry out repairs to the Drilling Unit, then unless such failure, damage or repairs are due to or arise from the act or omission of Operator or its Service Companies (when the Operating Rate shall apply) payment for all such shutdown until normal operations are resumed shall be at Repair Rate or NIL Rate. To the extent operations are shut down due to reasons beyond Contractor’s reasonable control, inclusive of any time due to delays in customs clearance or visa approvals for effecting the repairs, and provided that the onboard inventory was maintained to the level specified in the inventory control system, as approved by Operator, then the Repair Rate shall apply for the period of time caused by the delays in customs clearance or visa approvals. In respect of repairs to subsea equipment, the Repair Rate shall commence from the time that normal operations cease on account of defective subsea equipment until the time when normal operations are resumed. Normal operations shall be deemed to have been resumed when the same depth is reached as was reached prior to the instigation of such repairs as aforesaid. Waiting on weather to raise or run damaged or defective or repaired subsea equipment shall be at Standby Rate and not at Repair Rate.