Termination of Operator by Queensland Rail Sample Clauses

Termination of Operator by Queensland Rail. Subject to clause 15.5, without limiting any other rights of termination in this agreement or otherwise existing at Law, Queensland Rail (acting reasonably) may, by notice in writing to the Operator, immediately terminate this agreement in relation to the Operator upon the occurrence of any one or more of the following events or circumstances:
Sample 1
AutoNDA by SimpleDocs
Termination of Operator by Queensland Rail. Subject to clause 15.6, without limiting any other rights of termination in this agreement or otherwise existing at Law, Queensland Rail (acting reasonably) may, by notice in writing to the Operator, immediately terminate this agreement in relation to the Operator upon the occurrence of any one or more of the following events or circumstances: the Operator fails, in any material respect, to perform or comply with this agreement other than where this agreement excludes the Operator’s liability for that failure, or where the Operator is not otherwise liable under this agreement for that failure; the Operator fails to pay when due any amount payable, or to provide and maintain Security, in accordance with this agreement; without limiting any other clause of this agreement and subject to clause 15.1, an Insolvency Event occurs in relation to the Operator; there are no Access Rights under this agreement including as a result of reductions or relinquishments in accordance with clause 21;
Sample 1
Termination of Operator by Queensland Rail. Subject to clause 15.6, without limiting any other rights of termination in this agreement or otherwise existing at Law, Queensland Rail (acting reasonably) may, by notice in writing to the Operator, immediately terminate this agreement in relation to the Operator upon the occurrence of any one or more of the following events or circumstances: the Operator fails, in any material respect, to perform or comply with this agreement other than where this agreement excludes the Operator’s liability for that failure, or where the Operator is not otherwise liable under this agreement for that failure; the Operator fails to pay when due any amount payable, or to provide and maintain Security, in accordance with this agreement; without limiting any other clause of this agreement and subject to clause 15.1, an Insolvency Event occurs in relation to the Operator; there are no Access Rights under this agreement including as a result of reductions or relinquishments in accordance with clause 21; a Repeated Breach by the Operator exists; the Operator fails to comply with a notice given by Queensland Rail requiring the Operator (within the reasonable time specified in that notice) to cease conduct that Queensland Rail considers (acting reasonably) is causing or threatening to cause serious environmental harm or material environmental harm (as those terms are defined in the Environmental Protection Act 1994 (Qld)); the Operator purports to Assign or Charge its rights or interest in this agreement other than in accordance with clause 22; the Operator fails to comply with the Train Service Description without first obtaining the prior written consent of Queensland Rail; the Operator fails to comply with the IRMP or any other safety or environment related obligation under this agreement; or the Operator’s Accreditation is suspended, cancelled or amended so that it cannot perform its obligations or exercise its rights under this agreement.
Sample 1

Related to Termination of Operator by Queensland Rail

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • Description of Accounting Services on a Continuous Basis PFPC will perform the following accounting services with respect to each Portfolio:

  • Statement of Operations d. Statement of Changes in Net Assets.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • Duties of Operator Operator shall:

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts Neither of the parties shall utilize any economic sanction to force its position on the other party over any issue. Further, no Employee or group of Employees shall individually or through concerted action, take part in any activity that impedes the operation of the business, except as otherwise authorized by this Agreement. Should any person or group of people participate in any such unauthorized activity, upon notification of such occurrence, the Union or the Company, as the case may be, will direct such person or group of people to resume normal operations and will take effective means to cease the unauthorized conduct. Any employee or group of employees who participate in such unauthorized activity shall be subject to immediate dismissal, unless mitigating circumstances exist that are acceptable to the ERRC. Should either party suffer financial damage as a result of such unauthorized activity, they may pursue compensation for such loss at the arbitration step of the Concern Resolution Process, and the arbitrator shall have full authority to remedy any violation of this Article.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

Time is Money Join Law Insider Premium to draft better contracts faster.