Common use of Cancellation of Scheduled Train Paths Clause in Contracts

Cancellation of Scheduled Train Paths. (a) The Operator may cancel certain Scheduled Train Paths at will by serving a written notice on ARTC to that effect in accordance with this clause. (b) For a Scheduled Train Path of up to 5 years duration, the period of notice required is 1 year or the balance of the term of the Scheduled Train Path, whichever is the lesser. (c) For a Scheduled Train Path of 10 years duration, the period of notice required is 2 years or the balance of the term of the Scheduled Train Path, whichever is the lesser.