Asset Protection Agreement definition

Asset Protection Agreement means an agreement concerned with matters such as the safe management of the works, the discharge of obligations in relation to the safety of persons on or near the Network, the protection of the operational integrity of train operations and other work being undertaken on the Network, achieving good working practices in order to protect the condition and integrity of the assets and systems that make up the Network, providing a clear definition of roles and responsibilities, and containing authorisations required to undertake the work and (if appropriate) containing a requirement to take any relevant Station and Network assets back into use once the work is complete;
Asset Protection Agreement means an agreement to regulate the construction and maintenance of the specified work in a form prescribed from time to time by Network Rail;
Asset Protection Agreement means the asset protection agreement dated 6 June 2006 and any agreement varying and amending that asset protection agreement made between Network Rail and the Train Operator in relation to the Festiniog Railway flat crossing (also known as the Cae Pawb crossing Porthmadog);

Examples of Asset Protection Agreement in a sentence

  • The applicant / developer may be required to enter into an Asset Protection Agreement to get the required resource and expertise on-board to enable approval of detailed works.

  • As the proposal includes works which may impact the existing operational railway and in order to facilitate the above, a BAPA (Basic Asset Protection Agreement) will need to be agreed between the developer and Network Rail.

  • The department will provide all necessary Engineering support subject to a Basic Asset Protection Agreement.

  • In the event of failure to agree on any of the terms and conditions of any Asset Protection Agreement or Property Agreement required under Condition 12.1(A) or 12.1(B) either party may refer the matter to the Dispute Resolution Procedure.

  • NR will require the Developer to enter into an Asset Protection Agreement with NR and either place a purchase order or make payment before work commences if called upon to do so.


More Definitions of Asset Protection Agreement

Asset Protection Agreement means an agreement entered into by the Parties for Works on or adjacent to the Network to be undertaken (or procured) by the Delivery Agent;
Asset Protection Agreement means an agreement, should such be required, to regulate the construction and maintenance of the specified work in a form to be agreed from time to time between the undertaker and Network Rail; “construction” includes execution, placing, alteration and reconstruction and “construct” and “constructed” have corresponding meanings;
Asset Protection Agreement agreement to be entered into between British Waterways and the ODA referred to in recital A of this Part 3 of this Schedule “British Waterways Regulatory Services Costs” cost to the British Waterways of providing the British Waterways Regulatory Services up to 31 December 2014 which fairly and reasonably relates to the Development and which is proportionate to the cost of the amount of work for officers of the British Waterways and which would not have occurred were it not for the Development and that are (i) not met fully by application fees or other fees typically charged to applicants for such services and (ii) not payable by the ODA under the Asset Protective Agreement
Asset Protection Agreement means each asset protection agreement to be entered into between Network Rail and the Manufacturer in respect of the APA Depots;
Asset Protection Agreement means the agreement set out in Schedule Part 27 (Asset Protection Agreement and Bridge Agreement);
Asset Protection Agreement means an agreement to regulate the construction and maintenance of the specified work in a form prescribed from time to time by Network Rail; "construction" includes execution, placing, alteration and reconstruction and "construct" and "constructed" have corresponding meanings;
Asset Protection Agreement means an agreement to regulate the construction and maintenance of the specified work in a form reasonably prescribed from time to time by Network Rail save for matters concerning requirements imposed by Network Rail in order for Network Rail to comply with its statutory duties, regulatory duties or the terms of its network licence in which case such matters shall be in Network Rail’s absolute discretion and in determining whether or not such matters fall within those constraints Network Rail shall at all times act reasonably;