Corresponding Rights Sample Clauses

Corresponding Rights. In relation to any Corresponding Right: any Train Operator Variation Request made under the Previous Access Agreement in relation to a Train Slot in respect of which there is a Corresponding Right shall: cease to have effect under the Previous Access Agreement as from the Transition Date; and be deemed to have effect under this contract as from the Transition Date; any Train Slot which is the subject of a Train Operator Variation Request referred to in Clause 19.1(a) shall for all purposes be treated as if it had been established in and under this contract and not the Previous Access Agreement; and any consultations undertaken, notices served, matters referred to dispute resolution, agreements reached or determinations made which: are made in accordance with Parts D, F, G or H of the Network Code under the Previous Access Agreement in relation to the Engineering Access Statement or the Timetable Planning Rules, Major Projects, Vehicle Change, Network Change or train regulation; and relate to a right under the Previous Access Agreement which is the subject of a Corresponding Right, shall: cease to have effect under the Previous Access Agreement as from the Transition Date; and be deemed to have effect under this contract as from the Transition Date. Definitions In this Clause 19:
Sample 1Sample 2See All (4)
Corresponding Rights. In relation to any Corresponding Right: any Access Proposal or Rolled Over Access Proposal made under the Previous Access Agreement in relation to a Train Slot in respect of which there is a Corresponding Right shall: cease to have effect under the Previous Access Agreement as from the Transition Date; and be deemed to have effect under this contract as from the Transition Date; any Train Slot which is the subject of an Access Proposal or Rolled Over Access Proposal referred to in clause 19.1(a) shall for all purposes be treated as if it had been established in and under this contract and not the Previous Access Agreement; any consultations undertaken, notices served and network changes which: are made in accordance with Parts D, F, G or H of the relevant network code under the Previous Access Agreement to the extent relating to the CVL Engineering Access Statement or the Timetable Planning Rules, Major Projects, CVL Vehicle Change, CVL Network Change or train regulation; and relate to a right under the Previous Access Agreement which is the subject of a Corresponding Right, shall: cease to have effect under the Previous Access Agreement as from the Transition Date; and be deemed to have effect under this contract as from the Transition Date; and in applying Schedule 4, effect shall be given in relation to any Restriction of Use which was notified before the Transition Date, to any Previous Notification Factor.
Sample 1Sample 2

Related to Corresponding Rights

  • Existing Rights Termination shall not affect rights and obligations then outstanding under this Agreement which shall continue to be governed by this Agreement until all obligations have been fully performed.

  • Bumping Rights An employee laid off from his/her present class may bump only into the next equal or lower class in which the employee has greater seniority. The employee may continue to bump into such equal or lower classes to avoid layoff.

  • Class Voting Rights as to Particular Matters So long as any shares of Designated Preferred Stock are outstanding, in addition to any other vote or consent of stockholders required by law or by the Charter, the vote or consent of the holders of at least 66 2/3% of the shares of Designated Preferred Stock at the time outstanding, voting as a separate class, given in person or by proxy, either in writing without a meeting or by vote at any meeting called for the purpose, shall be necessary for effecting or validating:

  • Drag Along Right Notwithstanding any other provision hereof, if any Holder has not exercised its Tag-Along Right with respect to the maximum number of Holder’s Shares for which such Holder is permitted (pursuant to Section 2(b)(ii)(B) above) to exercise such Tag-Along Right in respect of a Third Party Sale, then, upon the demand of any Selling Fortress Entity participating in such Third Party Sale (in each such entity’s sole discretion), such Holder shall sell to the respective Third Party the number of whole Holder’s Shares (rounded upwards or downwards, as applicable), whether or not the restrictions on Transfer of Common Stock have lapsed, equal to the product of (x) the total number of Holder’s Shares held by such Holder on the date of the Drag-Along Notice (as defined below) and (y) the Third Party Sale Percentage, at the same price and on the same terms and conditions as such Selling Fortress Entity has agreed to with such Third Party; provided, however, that each such Holder shall not be permitted to sell any unvested Holder’s Shares (provided that the Company may, in its sole discretion, accelerate the vesting of any unvested Holder’s Shares); provided further that such Selling Fortress Entity shall use its reasonable, good faith efforts to provide that (A) the only representation and warranty which such Holder shall be required to make in connection with the Third Party Sale is a representation and warranty with respect to such Holder’s own ownership of the Holder’s Shares to be sold by it and its ability to convey title thereto free and clear of liens, encumbrances and adverse claims and (B) the liability of such Holder with respect to any representation and warranty made in connection with the Third Party Sale is the several liability of such Holder (and not joint with any other person) and that such liability is limited to the amount of proceeds actually received by such Holder in the Third Party Sale; provided further, that a Holder shall not be obligated to participate in any Third Party Sale pursuant to this Section 2(b)(iii) unless such Holder is provided an opinion of counsel to the effect that the Third Party Sale is not in violation of applicable federal and state securities or other laws or, if such Holder is not provided with an opinion with respect to the matters contemplated by this proviso, each Selling Fortress Entity who has delivered a Drag-Along Notice to such Holder shall indemnify such Holder for any such violation. If the Third Party Sale is in the form of a merger transaction, each Holder agrees to vote its Holder’s Shares in favor of such merger and not to exercise any rights of appraisal or dissent afforded under applicable law.

  • Voting Rights The holders of shares of Series A Preferred Stock shall have the following voting rights:

Time is Money Join Law Insider Premium to draft better contracts faster.