Examples of Contractor’s Equipment in a sentence
Drilling operations (a) shall be deemed to commence once the Contractor’s Equipment has been moved onto the location of the relevant pad, rigged up, with full crews, Operator’s rig acceptance checklist, as set forth in SCHEDULE G, has been completed and is prepared to commence actual drilling operations and (b) shall be deemed to have ceased upon completion of drilling at such pad after the Drilling Rig has been released upon the mast is laid down and tanks cleaned.
Contractor shall have the right, but not the obligation, to make the final decision as to when an operation or attempted operation would exceed the actual documented capacity of such Contractor’s Equipment (or any component thereof).
In such event, Contractor will proceed to mobilize and move Contractor’s Equipment to the new Area of Operations and continue the Work.
Notwithstanding the foregoing, if drilling operations are ongoing at the end of the Fixed Minimum Term, the Contract will remain in effect at the then existing Rates until such drilling operations are completed, and Contractor’s Equipment has been rigged down and demobilized to the Demobilization Point.
Contractor shall, at its sole cost, risk, and expense, and to Operator’s reasonable satisfaction, remedy any deficiency described in Article 17.2 in Contractor’s Equipment.