Common use of Construction of Junction Clause in Contracts

Construction of Junction. Hadley trackage (a line relocation project underway in Fort Wayne will force NSR and CSXT to share the former CRC line between Junction and Hadley (the crossing of the former Pennsylvania RR and NYC&SL west of Fort Wayne); if NSR and CSXT decide that capac- ity needs mandate an additional track, NSR and CSXT will equally share the cost of constructing a new track between Junction and Hadley on the north side of the existing track, and ownership of the south track will revert to NSR and ownership of the north track will revert to CSXT).

Appears in 3 contracts

Samples: Transaction Agreement (Norfolk Southern Railway Co/Va), Transaction Agreement (Norfolk Southern Corp), Transaction Agreement (Norfolk Southern Corp)

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Construction of Junction. Hadley trackage (a line relocation project underway in Fort Wayne will force NSR and CSXT to share the former CRC line between Junction and Hadley (the crossing of the former Pennsylvania RR and NYC&SL west of Fort Wayne); if NSR and CSXT decide that capac- ity capacity needs mandate an additional track, NSR and CSXT will equally share the cost of constructing a new track between Junction and Hadley on the north side of the existing track, and ownership of the south track will revert to NSR and ownership of the north track will revert to CSXT).

Appears in 2 contracts

Samples: Transaction Agreement (CSX Transportation Inc), Transaction Agreement (CSX Corp)

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