Rail Projects definition
Examples of Rail Projects in a sentence
In the event of such exercise, NICTD shall bear the costs of such claims that arise prior to the effective date of the step-in, and those that arise after the Rail Projects are transferred back to NICTD, if applicable.
NICTD shall bear the costs of all losses or liabilities arising from tort claims for personal injury or property damage asserted by third parties with respect to the Rail Projects that are not covered by insurance, the Indemnitors as provided in Section 7.2.6.1, or another third party, except in the event that IFA and/or RDA exercises Construction Period Step-In Rights and/or IFA exercises Operations Step-In Rights, under Article 11.
Except as provided in Section 8.4, RDA shall have no responsibility for the costs of O&M of the Rail Projects.
Any and all Rail Projects grant funds received from FTA or any other source shall be transferred to the Deposit Trustee to be held in the Revenue Trust Fund for use in support of the Rail Projects, provided that FTA requirements are maintained for the use and disposition of FTA grant funds.
NICTD shall timely acquire or shall utilize its powers, once the requisite approvals for all aspects of real estate acquisition by RDA and IFA have been provided, including eminent domain and condemnation powers, to timely acquire the Rail Projects Property and shall timely add any such property to the properties leased to RDA under the applicable Lease.
In Rights means the rights of IFA and/or RDA to step in and assume design and construction of the Rail Projects pursuant to Section 11.4.
In connection with the structure contemplated by this Governance Agreement, each Party shall execute and deliver such additional documents and instruments and perform such additional acts that may be necessary or appropriate to deliver the Rail Projects in the manner described herein and/or to further the intent of this Governance Agreement.
Any RDA ROW modification requests must be timely made and any change requested in the ROW must be within the project scope, schedule and budget of the Rail Projects, otherwise RDA must secure additional funds to potentially cover any increased land acquisition costs and construction delay costs that may occur as a result of this RDA review process.
Except as provided in this Section 15.6, NICTD shall release, protect, defend, indemnify and hold harmless the RDA, IFA, the Bond Trustee, and the Deposit Trustee from and against any and all claims, causes of action, suits, judgments, demands, and/or losses, in each case if asserted or incurred by or awarded to any third party, arising out of or relating to or resulting from NICTD's design, construction or operation of the Rail Projects or the South Shore Line.
If NICTD is required to be the recipient of Federal funding under the FFGA, then NICTD shall deposit all Federal funding received from the FTA for the Rail Projects into the appropriate accounts in accordance with the Revenue Trust Fund Agreement.