Operating Day Rate Clause Samples

The Operating Day Rate clause defines the daily fee payable for services or equipment provided during operational days. Typically, this rate applies when the contractor is actively performing work or when equipment is in use, and it may be adjusted based on the type of activity or level of service required. Its core function is to establish clear and predictable compensation for each day of active operation, ensuring both parties understand the cost structure and reducing disputes over payment calculations.
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Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: 0 15,000± $ 17,500 per day $ 17,500 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. $ 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 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 ▇▇▇▇▇▇▇, 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.
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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.
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Operating Day Rate. For work performed per twenty-four (24) hour day with 5 man crew the operating day rate shall be: 0 15,000± $17,500 per day $17,500 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. $ 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 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 ▇▇▇▇▇▇▇, 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.
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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 ---------------
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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 ▇▇▇▇▇▇▇ has been lowered and the mud pits have been cleaned (such day the "Procedures Termination Date").
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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 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. Straight Hole Size Grade Directional or 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 hundred feet.
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Operating Day Rate. FOR WORK PERFORMED PER TWENTY-FOUR (24) HOUR DAY WITH 4 MAN CREW THE OPERATING DAY RATE SHALL BE: $ 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. $ 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 ▇▇▇▇▇▇▇, 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.
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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.

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

  • 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 (2½) for hours worked, plus a day off subject to this Agreement.