Common use of Contents of Suspension Notice Clause in Contracts

Contents of Suspension Notice. A Suspension Notice shall specify: the nature of the relevant Event of Default; the date and time at which suspension is to take effect; in the case of a Suspension Notice served on the Train Operator, reasonable restrictions imposed while the Suspension Notice is in force on the permission to use the Routes or any parts of them or any other part of the CVL; in the case of a Suspension Notice served on the CVL IM, details of any necessary suspension of the Services; and whether the party serving the Suspension Notice reasonably considers that the Event of Default is capable of remedy, and where the Event of Default is capable of remedy: the steps reasonably required to remedy the Event of Default; and a reasonable grace period for the defaulting party to remedy it (where the Event of Default which has occurred is a failure to pay Track Charges or other amount due, 7 days shall be a reasonable grace period).

Contents of Suspension Notice. A Suspension Notice shall specify: the nature of the relevant Event of Default; the date and time at which suspension is to take effect; in the case of a Suspension Notice served on the Train Operator, reasonable restrictions imposed while the Suspension Notice is in force on the permission to use the Routes or any parts of them or any other part of the CVL; in the case of a Suspension Notice served on the CVL IM, details of any necessary suspension of the Services; and whether the party serving the Suspension Notice reasonably considers that the Event of Default is capable of remedy, and where the Event of Default is capable of remedy: the steps reasonably required to remedy the Event of Default; and a reasonable grace period for the defaulting party to remedy it (where the Event of Default which has occurred is a failure to pay Track Charges or other amount due, 7 seven days shall be a reasonable grace period).

Contents of Suspension Notice. A Suspension Notice shall specify: the nature of the relevant Event of Default; the date and time at which suspension is to take effect; in the case of a Suspension Notice served on the Train Operator, reasonable restrictions imposed while the Suspension Notice is in force on the permission to use the Routes or any parts of them or any other part of the CVLNetwork; in the case of a Suspension Notice served on the CVL IMNetwork Rail, details of any necessary suspension of the Services; and whether the party serving the Suspension Notice reasonably considers that the Event of Default is capable of remedy, and where the Event of Default is capable of remedy: the steps reasonably required to remedy the Event of Default; and a reasonable grace period for the defaulting party to remedy it (where the Event of Default which has occurred is a failure to pay Track Charges or other amount due, 7 days shall be a reasonable grace period).

Contents of Suspension Notice. A Suspension Notice shall specify: the nature of the relevant Event of Default; the date and time at which suspension is to take effect; in the case of a Suspension Notice served on the Train Operator, reasonable restrictions imposed while the Suspension Notice is in force on the permission to use the Routes or any parts of them or any other part of the CVLNetwork; in the case of a Suspension Notice served on the CVL IMNetwork Rail, details of any necessary suspension of the Services; and whether the party serving the Suspension Notice reasonably considers that the Event of Default is capable of remedy, and where the Event of Default is capable of remedy: the steps reasonably required to remedy the Event of Default; and a reasonable grace period for the defaulting party to remedy it (where the Event of Default which has occurred is a failure to pay Track Charges or other amount due, 7 seven days shall be a reasonable grace period).