Common use of Train Operator’s right to terminate Clause in Contracts

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM:

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM: (a) where the CVL IM fails to comply with its obligations under paragraph 2.5.3; (b) where the CVL IM Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or (c) where the CVL IM 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.

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM: (a) where the CVL IM fails to comply with its obligations under paragraph 2.5.3; (b) where the CVL IM Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or (c) where the CVL IM Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and three months have elapsed from the service of that Suspension Notice.

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM: (a) where the CVL IM fails to comply with its obligations under paragraph 2.5.3; (b) where the CVL IM Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM:: where the CVL IM fails to comply with its obligations under paragraph 2.5.3; where the CVL IM Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or where the CVL IM 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.

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM:: where the CVL IM fails to comply with its obligations under paragraph 2.5.3; where the CVL IM Event of Default specified in paragraph 1.3(a) has occurred and is continuing; or where the CVL IM Event of Default specified in a Suspension Notice served by the Train Operator is not capable of being remedied and three months have elapsed from the service of that Suspension Notice.

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM: (a) where the CVL IM fails to comply with its obligations under paragraph 2.5.3;

Train Operator’s right to terminate. The Train Operator may serve a Termination Notice on the CVL IM:: where the CVL IM fails to comply with its obligations under paragraph 2.5.3;