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 relevant network code under the Previous Access Agreement which relate 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. Definitions In this Clause 19:
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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.
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Related to Corresponding Rights

  • Marketing Rights Neither the Company nor any of its Subsidiaries have granted rights to license, market, or sell its products or services to any other Person and is not bound by any agreement that affects the Company’s (or any Subsidiary’s) exclusive right to develop, distribute, market or sell its products or services.

  • 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.

  • Distributions Other Than Cash, Shares or Rights Subject to the provisions of Sections 4.11 and 5.9, whenever the Depositary receives any distribution other than a distribution described in Section 4.1, 4.3 or 4.4 on Deposited Securities (but not in exchange for or in conversion or in lieu of Deposited Securities), the Depositary shall cause the securities or property received by it to be distributed to the Owners entitled thereto, after deduction or upon payment of any fees and expenses of the Depositary and any taxes or other governmental charges, in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, in any manner that the Depositary deems equitable and practicable for accomplishing that distribution (which may be a distribution of depositary shares representing the securities received); provided, however, that if in the opinion of the Depositary such distribution cannot be made proportionately among the Owners entitled thereto, or if for any other reason (including, but not limited to, any requirement that the Company or the Depositary withhold an amount on account of taxes or other governmental charges or that securities received must be registered under the Securities Act of 1933 in order to be distributed to Owners or Holders) the Depositary deems such distribution not to be lawful and feasible, the Depositary may adopt such other method as it may deem equitable and practicable for the purpose of effecting such distribution, including, but not limited to, the public or private sale of the securities or property thus received, or any part thereof, and distribution of the net proceeds of any such sale (net of the fees and expenses of the Depositary as provided in Section 5.9) to the Owners entitled thereto, all in the manner and subject to the conditions set forth in Section 4.1. The Depositary may withhold any distribution of securities under this Section 4.2 if it has not received satisfactory assurances from the Company that the distribution does not require registration under the Securities Act of 1933. The Depositary may sell, by public or private sale, an amount of securities or other property it would otherwise distribute under this Section 4.2 that is sufficient to pay its fees and expenses in respect of that distribution. If a distribution under this Section 4.2 would represent a return of all or substantially all the value of the Deposited Securities underlying American Depositary Shares, the Depositary may require surrender of those American Depositary Shares and may require payment of or deduct the fee for surrender of American Depositary Shares (whether or not it is also requiring surrender of American Depositary Shares) as a condition of making that distribution. A distribution of that kind shall be a Termination Option Event.

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