BREAK-DOWN & BREAKDOWN DAY RATE Clause Samples

The 'Break-Down & Breakdown Day Rate' clause defines the terms and rates applicable when equipment or services become non-operational due to a breakdown. It typically specifies a reduced daily rate that applies during periods when the equipment cannot be used as intended, outlining the conditions under which this rate is triggered and any notification requirements. This clause ensures that both parties have a clear understanding of financial responsibilities during downtime, fairly allocating costs and minimizing disputes over payment when service interruptions occur.
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BREAK-DOWN & BREAKDOWN DAY RATE. During the term of the Agreement, if operations hereunder are suspended, due to break-down of or the need for repairs to Contractor's equipment, or due to the failure of Contractor to furnish any requirement for the operation, such as but not limited to, materials, supplies, equipments or services to which Contractor is obligated to furnish hereunder or due to failure of Drilling Unit or due to destabilisation of the Drilling Unit due to whatever reasons and if such failure / destabilization results in the operations being materially affected, Contractor shall be paid at the Equipment Break-Down Day Rate of ( only) upto a maximum of 32 (thirty two) hours as compensation per calendar month. Beyond the said 32 hours, daily compensation shall not be payable to Contractor during such failure /breakdown / destabilization until operations are recommenced to the satisfaction of Operator at which time the applicable rate shall again come into force. Beyond the above mentioned permissible period, zero rate will be applicable for further period of breakdown. Operator shall provide diesel, water and other services (except tug boats) at its cost for a maximum period of seven days during breakdown. Thereafter, the cost of diesel, water and other services shall be borne by Contractor.

Related to BREAK-DOWN & BREAKDOWN DAY RATE

  • Mandate Rate The Mandate Rate shall be based upon the monthly average of the net assets of the funds in the Equity asset class, as indicated on Master Schedule A to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Mandate Rate may vary by class. The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Night Shift Differential Unit 12 employees who regularly work shifts shall receive a night shift differential as set forth below: A. Employees shall qualify for the first night shift pay differential of forty (40) cents per hour where four (4) or more hours of the regularly scheduled work shift falls between 6 p.m. and 12 midnight. B. Employees shall qualify for the second night shift pay differential of fifty (50) cents per hour where four (4) or more hours of the regularly scheduled work shift fall between 12 midnight and 6 a.m. C. A "regularly scheduled work shift" are those regularly assigned work hours established by the department director or designee.

  • Minimum Break between Shifts (a) Where it is necessary to work extended overtime, it is agreed that no Employee shall resume or continue to work without having had ten consecutive hours off duty between the termination of the overtime and the commencement of the Employee’s ordinary work on the next day or shift. (b) In the event that an Employee agrees to a request from site management to resume or continue to work without having had ten consecutive hours off duty, the Employee shall be paid at double ordinary time rates until the Employee is released from duty for such period.

  • Servicing Fee Rate The rate used to calculate the Servicing Fee is equal to such rate as is set forth on the Mortgage Loan Schedule with respect to a Mortgage Loan.