Examples of Rail Projects in a sentence
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.
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.
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.
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.
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.
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.
NICTD’s proposed insurance program shall be delivered to IFA and RDA by no later than fifteen (15) days prior to the issuance of any Request for Proposal that is related to construction or other work to be performed on-site for either of the Rail Projects.
The District may assign this contract to the RDA and/or the IFA, or their respective designees, in the event that RDA and/or IFA exercise their Construction Period Step-In Rights and/or Operations Step-In Rights per Article 11 of the Amended and Restated Governance Agreement Concerning Development of the Rail Projects, effective June 24, 2019 (the “Governance Agreement”).
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.
NICTD's proposed insurance program shall be delivered to IFA and RDA by no later than fifteen (15) days prior to the issuance of any Request for Proposal that is related to construction or other work to be performed on-site for either of the Rail Projects.