Suspension Notice definition

Suspension Notice. As defined in Section 6(d) hereof.

Suspension Notice has the meaning set forth in Section 1(f)(ii).

Suspension Notice means a notice in writing served by the relevant party on the other party under paragraph 2 of Schedule 6;

Examples of Suspension Notice in a sentence

• A Suspension Notice served under paragraph 2.4 in respect of any of the Network Rail Events of Default specified in paragraphs 1.3(a), (c) and (d) shall, so far as reasonably practicable, apply only to the: railway vehicles; Services; and categories of train movements or railway vehicles, or parts or part of them, to which the relevant Network Rail Event of Default relates.

• The party served with a Suspension Notice which specifies an Event of Default which is capable of remedy shall: with all reasonable diligence, take such steps as are specified in the Suspension Notice to remedy the Event of Default; and keep the party serving the Suspension Notice fully informed of the progress which is being made in remedying the Event of Default.

• Where a party served with a Suspension Notice has complied with its obligations under paragraph 2.5.3, whether in whole or in part, and it is reasonable for the suspension effected by the Suspension Notice to be revoked, whether in whole or in part, the party which served the Suspension Notice shall revoke the suspension to that extent.

• Suspension to be proportionate to breach A Suspension Notice served under paragraph 2.3 in respect of any of the Train Operator Events of Default specified in paragraphs (a) and (c) to (f) (inclusive) of paragraph 1.1 shall, so far as reasonably practicable, apply only to the: railway vehicles; Services; and categories of train movements or railway vehicles, or parts or part of them, to which the relevant Train Operator Event of Default relates.

• The Train Operator may serve a Suspension Notice where a Network Rail Event of Default has occurred and is continuing.

More Definitions of Suspension Notice

Suspension Notice. As defined in Section 4(c) hereof.

Suspension Notice has the meaning set forth in Section 4.6(a).

Suspension Notice shall have the meaning set forth in Section 2(b).

Suspension Notice shall have the meaning provided in Section 3.5 hereof.

Suspension Notice. As defined in Section 6(d) hereof. ----------------- TIA: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as --- in effect on the date of the Indenture.

Suspension Notice shall have the meaning set forth in Section 6(b).

Suspension Notice has the meaning assigned to such term in Section 2.5;