Exercise of Security. A Security may be called upon by QR Network in any circumstances where QR Network suffers direct loss or damage as a result of default by the Operator under this Agreement and is entitled to be compensated for such loss or damage under this Agreement.
Appears in 6 contracts
Sources: Train Operations Agreement, Train Operations Agreement, Train Operations Agreement
Exercise of Security. A Security may be called upon by QR Network in any circumstances where QR Network suffers direct loss or damage as a result of default by the Operator Access Holder under this Agreement and is entitled to be compensated for such loss or damage under this Agreement.
Appears in 3 contracts
Sources: Access Agreement, Access Agreement, Access Agreement