Common use of First Two Years Clause in Contracts

First Two Years. If an incident giving rise to Damage for which the Operators are jointly responsible under Section 11(b)(i) Train Usage) occurs before June 1, 2001, responsibility for such Damage shall be borne equally by the Operators, with each being liable for one-half (1/2) of the damages."

Appears in 2 contracts

Sources: Shared Assets Area Operating Agreement (Norfolk Southern Corp), Shared Assets Area Operating Agreement (Norfolk Southern Railway Co /Va/)