Crown action Sample Clauses
The 'Crown action' clause defines the rights and procedures that apply when the government (the Crown) takes certain actions that may affect the contract. Typically, this clause outlines what happens if the government exercises statutory powers, such as requisitioning goods or services, or intervening in the contract for public interest reasons. For example, it may specify how compensation is determined if the Crown takes possession of materials or suspends work. The core function of this clause is to clarify the parties' rights and obligations in the event of government intervention, thereby managing risk and ensuring both parties understand the consequences of such actions.
Crown action. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement requires the Crown (or the Access Provider if different from the Crown) to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome. of HER MAJESTY THE QUEEN IN RIGHT OF NEW ZEALAND by her in the presence of: Signature of witness Full name of witness Address Occupation of TOLL NZ CONSOLIDATED LIMITED by: Signature of Attorney Signature of Attorney Full name of Attorney Full name of Attorney
1. PRINCIPLES:
Crown action. Notwithstanding anything to the contrary in this agreement, nothing in this agreement requires the Crown to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome.
Crown action. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement requires the Crown to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome. of HER MAJESTY THE QUEEN IN RIGHT OF NEW ZEALAND by her in the presence of: Signature of witness Full name of witness Address Occupation SIGNED for and on behalf of TOLL NZ LIMITED by: Signature of Attorney Signature of Attorney Full name of Attorney Full name of Attorney of TOLL NZ CONSOLIDATED LIMITED by: Signature of Attorney Signature of Attorney Full name of Attorney Full name of Attorney
1. “Rail Network” All of the rail network currently owned or (to the extent capable of being transferred or otherwise made available for the benefit of the Crown) held or otherwise used by any member of the Toll Rail Group (including the ▇▇▇▇▇▇▇ to Helensville section of the North Auckland line which is the subject of an agreement between the Crown and Toll Rail), including:
(a) all improvements on, under, or above the Surrender Land;
(b) to the extent necessary or desirable to operate or maintain that rail network, all infrastructure assets (including all of the assets listed in sub-paragraphs (a) to (f) of the definition of “Infrastructure” in paragraph 3 of this Part A) on, under, or above the Retained Land; and
(c) all rights, interests, and assets necessary or desirable for the Crown to:
(i) become the owner, operator, and maintainer of Toll Rail’s rail network; and
(ii) meet its obligations under clause 7.1 in respect of any Assigned Contracts, Network Encumbrances, or Network Entitlements, and its obligations under any Transaction Document.
Crown action. Notwithstanding anything to the contrary in this Deed, nothing in this Deed requires the Crown to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome.