Rail Assets definition

Rail Assets means locomotives, railcars, maintenance of way equipment and any leases or lease receivables or accounts or notes receivables related to such property.
View Source
Rail Assets means locomotives, railcars, maintenance of way equipment and any leases or lease receivables or accounts or notes receivables related to such property. “Securitization Transaction” means a transfer of Rail Assets on a limited recourse basis, provided, that such sale or other disposition qualifies as a sale under GAAP.
View Source
Rail Assets means the assets from time to time of Somerset Railroad.
View Source

Examples of Rail Assets in a sentence

  • Any updated Transferred Moveable Rail Assets Register prepared by the Concessionaire shall upon acceptance by Transnet be initialled and signed by the Parties as the replacement Schedule 11 Part 3 (Register of Moveable Rail Assets - Agreed Form of Transferred Moveable Rail Assets Register).

  • Members shall create and schedule their absences using on-line absence management system before 6:30 a.m. After 6:30 a.m., members will call into their respective building to report absence or tardy.

  • Transnet shall not be obliged to and shall not pay any consideration for the transfer of the Transferred Moveable Rail Assets on expiry or earlier termination of the Concession.

  • If any Transnet known Moveable Rail Assets are not removed, or will not be removed from the Railway Land as at the Signature Date, then Transnet shall document such assets ("Retained Moveable Rail Assets") and notify them to the Concessionaire in the manner provided for in Schedule 11 Part 1 (Register of Moveable Rail Assets - Agreed Form of Retained Moveable Rail Assets Register).

  • The Parties agree that Transnet may place certain Moveable Rail Assets on the Rail Way Land during the Concession Term, the terms and conditions to be agreed on between the Parties.

  • Neither AES NY3 nor Somerset Railroad will incur any Indebtedness without the prior written consent of the Owner Participant except that no such written consent shall be required in respect of (a) the Rail Credit Facility or (b) any operating leases in respect of Rail Assets.

  • In respect of any Moveable Rail Assets which Transnet elects to retain, Transnet shall notify the Concessionaire accordingly and make arrangement for the removal of such asset(s) from its location on the Railway Land or Rail Infrastructure.

  • The Concessionaire shall, on completing the compilation of any one or more list of Catalogued Moveable Rail Assets, promptly furnish such list to Transnet for consideration.

  • The Concessionaire shall be obliged to ensure safe custody of all Retained Moveable Assets, on such terms as may be set out in Schedule 11 Part 1 (Register of Moveable Rail Assets - Agreed Form of Retained Moveable Rail Assets Register).

  • For purposes of clarification the amounts used in the calculation of Asset Coverage Ratio as used herein shall exclude (i) Limited Recourse Debt; and (ii) all Rail Assets financed by Securitization Transactions and Limited Recourse Debt.