Common use of Standby Rate Clause in Contracts

Standby Rate. The Standby Rate specified in Appendix A will be payable as follows: (a) during any period of delay when Contractor is unable to proceed because of adverse sea or weather conditions, including loop and eddy currents, or as a direct result of an act, instruction or omission of Operator including, without limitation, the failure of any of Operator’s Items, or the failure of Operator to issue instructions, provide Operator’s Items or furnish services; (b) from the Commencement Date until the moment when the Operating Rate first becomes payable; (c) during any period after the Commencement Date that the Drilling Unit is under tow, or under way, provided that if, at the termination of this Contract, the Drilling Unit does not go to the location specified in Appendix A, the period shall be the reasonably estimated time required to go to that location specified in Appendix A; (d) duringanyperiod after the Commencement Date that the Drilling Unitis undergoingperiodicinspections required for the maintenance of the Certification and Classification Certificates; (e) during any period when operations are suspended to repair the Drilling Unit or other Contractor’s Items as provided in Paragraph 605 or due to blowout, fire, cratering, shifting or punch through at a drilling location; (f) during any period when operations are being conducted hereunder to redrill or repair the hole drilled (g) as provided in Paragraph 901.

Standby Rate. The Standby Rate specified in Appendix A will be payable as follows: (a) during any period of delay when Contractor is unable to proceed because of adverse sea or weather conditions, including loop loop, eddy or other adverse currents (including periods required to repair damage caused by such seas, conditions and eddy currents), or as a direct result of an act, instruction or omission of Operator including, without limitation, the failure of any of Operator’s Items, or the failure of Operator to issue instructions, provide Operator’s Items or furnish services; (b) from the Commencement Date until the moment when the Operating Rate first becomes payable; (c) during any period after the Commencement Date that the Drilling Unit is under tow, or under way, between drilling locations or in transit to the demobilization location specified in Appendix A after the last well; provided that if, at the termination of this Contract, the Drilling Unit does not go to the demobilization location specified in Appendix A, the period shall be the reasonably estimated time required to go to that location specified in Appendix A; (d) duringanyperiod during any period after the Commencement Date that the Drilling Unitis undergoingperiodicinspections Unit is undergoing periodic inspections required by Operator or by applicable laws, rules and regulations or for the maintenance of the Certification certification and Classification Certificatesclassification certificates; (e) during any period when operations are suspended to repair the Drilling Unit or other Contractor’s Items as provided in Paragraph 605 or due to blowout, fire, cratering, shifting or punch through at a drilling location; (f) during any period when operations are being conducted hereunder to redrill or repair the hole drilleddrilled hereunder which is lost or damaged as a result of Contractor’s sole negligence or wilful misconduct; (g) as provided in Paragraph Paragraphs 605 and 901; or (h) as may otherwise be specified in the Contract.