Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail: (a) where Network Rail fails to comply with its obligations under paragraph 2.5.3; (b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or (c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
Appears in 37 contracts
Sources: Track Access Contract, Track Access Contract, Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) where Network Rail fails to comply with its obligations under paragraph 2.5.3;
(b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or
(c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 three months have elapsed from the service of that Suspension Notice.
Appears in 27 contracts
Sources: Track Access Contract, Track Access Contract, Track Access Contract (Passenger Services)
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) where Network Rail fails to comply with its obligations under paragraph 2.5.3;
(b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or
(c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
Appears in 20 contracts
Sources: Track Access Contract, Track Access Contract, Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) : where Network Rail fails to comply with its obligations under paragraph 2.5.3;
(b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or
(c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
Appears in 5 contracts
Sources: Track Access Contract, Freight Operating Company Customer Track Access Contract, Freight Operating Company Customer Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) : where Network Rail fails to comply with its obligations under paragraph 2.5.3;
(b) ; where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or
(c) or where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
Appears in 4 contracts
Sources: Track Access Contract, Track Access Contract, Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) where Network Rail fails to comply with its obligations under paragraph 2.5.3;
(b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or
(c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
Appears in 3 contracts
Sources: Track Access Contract (Passenger Services), Track Access Contract, Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) where Network Rail fails to comply with its obligations under paragraph 2.5.3;2.5.3;
(b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; oror
(c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 three months have elapsed from the service of that Suspension Notice.Notice.
Appears in 2 contracts
Sources: Track Access Contract, Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) : where Network Rail fails to comply with its obligations under paragraph 2.5.3;
(b) ; where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or
(c) or where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 three months have elapsed from the service of that Suspension Notice.
Appears in 1 contract
Sources: Track Access Contract
Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on Network Rail:
(a) where Network Rail fails to comply with its obligations under paragraph 2.5.3;2.5.3;
(b) where the Network Rail Event of Default specified in paragraph 1.3(a) has occurred and is continuing; oror
(c) where the Network Rail Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.Notice.
Appears in 1 contract
Sources: Track Access Contract