Moving Rate Sample Clauses

The Moving Rate clause defines the specific charges or pricing structure that applies to moving services provided under the agreement. Typically, this clause outlines how the rate is calculated, such as by the hour, by weight, or by distance, and may specify any minimum charges, additional fees for special services, or conditions that could affect the final cost. By clearly establishing the basis for calculating moving costs, this clause ensures transparency for both parties and helps prevent disputes over payment by setting clear expectations regarding service charges.
Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing on SPUD, Operator shall pay Contractor a sum of $14,000 per twenty-four (24) hour day.
View SourceView Similar (11)
Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing on _________________. Operator shall pay Contractor a sum of $ ____________ per twenty-four (24) hour day.
View SourceView Similar (3)
Moving Rate a) From the moment operations are commenced to release the first mooring line or move the Drilling Unit off location at a drilling location and until the Drilling Unit is properly positioned at COMPANY’S next drilling location, and the Drilling Unit is ready to commence operations. b) From the moment operations are commenced to release the first mooring line or move the Drilling Unit off location at COMPANY’S final drilling location hereunder until this Contract terminates.
View Source
Moving Rate. Contractor shall be paid a Moving Lump Sum amount as per Appendix A for each move of the Drilling Unit from one well to another, provided that the well site is prepared and ready and the following equipment is provided by Contractor to assist in the Drilling Unit move: 2 cranes (minimum lifting capacity of 40 tons each), 2 cranes (minimum lifting capacity of 16 tons each), 3 trailers of which at least one has a minimum hauling capacity of 50 tons. In case this equipment is not provided by Contractor, Operator shall procure the same, deduct any costs and expenses associated therewith from the Moving Lump Sum, and pay the remainder to Contractor for each move of the Drilling Unit from one well to another. This clause applies to the first rig move from its current location to the first well, as well as all subsequent rig moves.
View Source
Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing on ______________, Operator shall pay Contractor a sum of $ 2,500 per twenty-four (24) hour day.
View Source
Moving Rate. The Moving Rate will be in effect during the time when the Drilling Unit is being moved between Company well locations within the Country. It starts when the Drilling Unit starts toward the next well location and continues to be paid while the Drilling Unit is in transit. The Moving Rate ceases to be paid when the Drilling Unit arrives at the next well location. Both Parties may agree to a lump sum Moving Rate charge for transporting the Drilling Unit between well locations instead of a daily rate.
View Source
Moving Rate. During the time the rig is in transit to or from a drill site, or between drill sites, commencing AFTER RIG RELEASE, Operator shall pay Contractor a sum of $12,000.00 per twenty-four (24) hour day plus actual, third party moving costs incurred by Contractor, without duplication of other amounts paid hereunder.
View Source
Moving Rate. COMPANY shall pay the Moving Rate to CONTRACTOR during moves of the Drilling Unit to the first location, between locations and as otherwise specified. This Rate shall be applicable: (a) from the Commencement Date until the first bit is run through the rotary table at COMPANY's first location, (b) from the time the B.O.P. and or wellhead is retrieved and secured on board the Drilling Unit until the first bit for the next well is run through the rotary table on the COMPANY's next location, and
View Source

Related to Moving Rate

  • Pay Rate Sick leave pay shall be at the shift straight-time hourly rate.

  • Base Rate The greater of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the Agent’s Head Office as its “prime rate” or (b) one half of one percent (0.5%) above the Federal Funds Effective Rate. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • LIBOR Rate (A) Except as provided in subsection (C) below, Revolving Loans shall accrue interest at the LIBOR Rate plus the Applicable Margin. (B) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable Law occurring subsequent to the commencement of the then applicable Interest Period, including changes in tax laws (except changes of general applicability in corporate income tax laws) and changes in the reserve requirements imposed by the Board of Governors of the Federal Reserve System (or any successor), which additional or increased costs would increase the cost of funding loans bearing interest based upon the LIBOR Rate; provided, however, that notwithstanding anything in this Agreement to the contrary, (i) the ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “change in applicable Law”, regardless of the date enacted, adopted or issued. In any such event, the affected Lender shall give Borrowers and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (I) require such Lender to furnish to Borrowers a statement setting forth the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (II) repay the Loans bearing interest based upon the LIBOR Rate with respect to which such adjustment is made. (C) In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation of application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain Loans bearing interest based upon the LIBOR Rate or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to Agent and Borrowers and Agent promptly shall transmit the notice to each other Lender and (I) in the case of any outstanding Loans of such Lender bearing interest based upon the LIBOR Rate, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such Loans, and interest upon such Lender’s Loans thereafter shall accrue interest at Base Rate plus the Applicable Margin, and (II) such Loans shall continue to accrue interest at Base Rate plus the Applicable Margin until such Lender determines that it would no longer be unlawful or impractical to maintain such Loans at the LIBOR Rate. (D) Anything to the contrary contained herein notwithstanding, neither Agent nor any Lender is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues based on the LIBOR Rate.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing: (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be made as an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.