Examples of Rail Transportation Business in a sentence
Any entry or other rights of the Authority expressly set forth in this Agreement shall be exercised in such a manner so as to not materially interfere with Rail Company’s construction and thereafter operation of the Rail Transportation Business, it being understood and agreed that it is of the utmost importance for Rail Company to be able to operate the Rail Transportation Business in a convenient, safe, efficient and continuous manner in order to deliver uninterrupted service to its passengers.
Rail Company anticipates that the Authority will not object to “wrapping” of trains to promote the Rail Company and/or the Rail Project and/or Rail Transportation Business or if it relates to civic or sporting events; however, said display advertising is still subject to the Authority’s review as set forth above.
The Authority shall not enact security measures that adversely affect Rail Company’s Rail Transportation Business in any material respect, it being understood and agreed that it is of the utmost importance for Rail Company to be able to operate the Rail Transportation Business in a convenient, safe, efficient and continuous manner in order to deliver uninterrupted service to its passengers.
If after taking into account the Outside Influences on the Income from Rental Car Operations the consultant determines that the Income from Rental Car Operations was reduced by the Rail Transportation Business, the Authority shall be entitled to increase the Rail Airport Fee by the Rail Airport Fee Increase, if any.
If the Threshold Average Income is less than the Base Year Income, the Authority will hire a consultant reasonably acceptable to Rail Company to determine whether the reduction in Income from Rental Car Operations was caused by the Rail Company Rail Transportation Business taking into account any Outside Influences.
The Authority shall not enact security measures that adversely affect Rail Company’s Rail Transportation Business or operations at the Land in any material respect, it being understood and agreed that it is of the utmost importance for Rail Company to be able to operate the Rail Transportation Business in a convenient, safe, efficient and continuous manner in order to deliver uninterrupted service to its passengers.
In the case of damage described herein, the rentals payable hereunder with respect to Rail Company’s affected Premises shall be paid up to the time of such damage and shall thereafter be abated equitably in proportion as the part of the area rendered untenable bears to total Premises until such time as the damaged Premises are again tenantable or comparable alternative facilities are made available to Rail Company and Rail Company can operate the Rail Transportation Business as contemplated hereunder.
Rail Company’s obligation to pay rent shall commence upon the earlier of (i) commencement of Rail Company’s revenue-generating Rail Transportation Business at the Airport (“Revenue Operations”) following completion of the Improvements to be completed by Rail Company pursuant to Section 6.02 hereof, or (ii) the Authority’s Substantial Completion of the South Airport APM Complex (the “Rent Commencement Date”).
No abatement of rentals shall accrue to Rail Company so long as Premises remain tenantable and Rail Company can operate the Rail Transportation Business as contemplated hereunder.
Rail Company shall only operate the Rail Transportation Business while on Airport property and shall not operate any concessions on Airport property except as otherwise permitted under this Agreement, the Premises Lease and Use Agreement or the Vehicle Maintenance Facility Ground Lease Agreement.