Defaulting Operator Sample Clauses
The Defaulting Operator clause defines the rights and procedures that apply when an operator under a contract fails to fulfill its obligations, such as making required payments or performing necessary work. Typically, this clause outlines the steps other parties may take to remedy the default, which can include issuing notices, allowing a cure period, or ultimately replacing the defaulting operator. Its core practical function is to ensure the continued smooth operation of a project or joint venture by providing a clear mechanism for addressing and resolving operator defaults, thereby minimizing disruption and protecting the interests of non-defaulting parties.
Defaulting Operator in clause 11, has the meaning given in clause 11.1(a); and
Defaulting Operator. (f) in clause 8, has the meaning given in clause 8.1(a);
(a) (i). Depot for a Train Service Type means a depot, as specified in the Train Service Description for that Train Service Type.
Defaulting Operator in clause 1011, has the meaning given in clause 10.111.1(a); and