Common use of Future Proceedings Clause in Contracts

Future Proceedings. In light of the provisions of Sections 2.1 and 2.2 of this Agreement, and in case there is any resolution from a Governmental Authority after the date of execution hereof in connection with the Settlement Controversies, it shall be deemed that such resolution lacks of substance and is of no force or effect between the Parties.

Appears in 2 contracts

Sources: Trackage Rights, Switching and Interline Settlement Agreement (Kansas City Southern), Trackage Rights, Switching and Interline Settlement Agreement (Kansas City Southern De Mexico, S.A. De C.V.)