Trackage Rights definition

Trackage Rights means the rights arising by agreement of one railroad to use the tracks or right-of-way of another railroad for the carriage of rail traffic; said agreement ordinarily imparting no ownership interest in the burdening carrier relating to the tracks or rights-of-way of the burdened carrier.
Sample 1Sample 2Sample 3
Trackage Rights. The "TRACKAGE RIGHTS" shall mean, collectively, all of Landlord's right, title and interest in and to any and all operating and trackage rights below the Premises, including the rights of Landlord to: (i) operate trains, cars and locomotives (commercial, freight and passenger); (ii) provide through and local train service (commercial, freight, passenger, and mail); (iii) operate long haul (through) train service (commercial, freight, passenger and mail); (iv) provided that such activities do not unreasonably interfere with the use and operations of the Premises, use or occupy any portion of the Premises to operate any and all of the foregoing equipment, facilities, and services; and (v) exercise Landlord's rights under the Franchise Agreement.
Sample 1
Trackage Rights means those rights conferred on a third party with respect to a Trackage Rights Agreement.
Sample 1

Examples of Trackage Rights in a sentence

  • BNSF states that this agreement, dated August 1, 2000 (First Supplemental Agreement), is a supplement to the Trackage Rights Agreement dated September 10, 1998, between UP and BNSF, which was authorized by the Board in Burlington Northern & Santa Fe Railway Co.—Trackage Rights Exemption—Union Pacific Railroad Co., FD 33663 (STB served Oct.

  • The trackage rights were originally granted in Union Pacific Railroad—Temporary Trackage Rights Exemption—The Burlington Northern and Santa Fe Railway, FD 34554 (STB served Oct.

  • Trackage Rights: with a policy of railroad protective liability insurance taken out singularly in the name of the railroad company identified as an owner/operator above in each of the above lines.

  • Until further notice, parties submitting pleadings should continue to use the current name andaddress: Interstate Commerce Commission, 1201 Constitution Avenue, N.W., Washington, D.C. 20423.1 See Twin Cities & Western Railroad Company— Trackage Rights Exemption—Soo Line RailroadCompany, Finance Docket No. 31914 (ICC served Aug.

  • A copy of the trackage rights agreement was DEPARTMENT OF TRANSPORTATIONSurface Transportation Board[Docket No. FD 35531] Lake Providence Port Commission— Trackage Rights Exemption—Delta Southern Railroad, Inc.Pursuant to a written trackage rights agreement dated May 26, 2011, Delta Southern Railroad, Inc.

  • A Trackage Rights Agreement covering each of the Routes listed in Item 1 of Schedule 4 and containing the terms and provisions applicable to such Route as set forth in Item 1 of Schedule 4 will be executed by the parties designated in such Item 1.

  • FD 35518 (STB servedDEPARTMENT OF TRANSPORTATIONSurface Transportation Board [Docket No. FD 35598] Eastern Maine Railway Company— Assignment of Trackage Rights Exemption—Montreal, Maine & Atlantic Railway, Ltd.

  • The agreement shall be signed by representatives of the parties with authority to bind each respective party and shall provide for the extension of the statutory negotiation period until a date certain.

  • See STB Finance Docket No. 32976, The Indiana & Ohio Rail Passenger Corporation—Acquisition by Trackage Rights and Operation Exemption—Cincinnati Terminal Railway Corp., Indiana and Ohio Railroad Company, Indiana &Ohio Railway Company, Inc., and Indiana & Ohio Central Railroad Company, Inc., (STB served JuneDocket No. 33591, must be filed withthe Surface Transportation Board, Office of the Secretary, Case Control Unit, 1925 K Street, NW., Washington, DC 20423– 0001.

  • These trackage rights would enable EMR access over the line owned by the State of Maine and extend from milepost 109 near Millinocket, Me., to milepost 260 near Madawaska, Me. MMA previously obtained these trackage rights in Montreal, Maine & Atlantic Railway, Ltd.— Trackage Rights Exemption—Maine Northern Railway Company, FD 35505 (STB served May 27, 2011).


More Definitions of Trackage Rights

Trackage Rights means permission for a railroad to use the tracks of another.
Sample 1

Related to Trackage Rights

  • Exchange Rights means any rights granted to limited partners of Simon Property Group, L.P., a Delaware limited partnership (including pursuant to an Exchange Rights Agreement) to exchange (subject to the Ownership Limit) limited partnership interests in such Partnership for shares of Capital Stock or cash at the option of the Corporation.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Exchange Right has the meaning provided in Section 8.05(a) hereof.

  • Senior Interests means, collectively, (i) the Aggregate Interest, (ii) the Aggregate Capital, (iii) the fees referred to in Section 2.03 of the Receivables Financing Agreement, (iv) all amounts payable pursuant to Sections 5.01, 5.02, 5.03, 13.01, 13.02 or 14.04 of the Receivables Financing Agreement and (v) all other obligations of the Borrower and the Servicer that are due and payable, to (a) the Lenders, the Administrative Agent and their respective successors, permitted transferees and assigns arising in connection with the Transaction Documents and (b) any Borrower Indemnified Party, Servicer Indemnified Party or Affected Person arising in connection with the Receivables Financing Agreement or any other Transaction Document, in each case, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, together with any and all interest accruing on any such amount after the commencement of any Bankruptcy Proceedings, notwithstanding any provision or rule of law that might restrict the rights of any Senior Interest Holder, as against the Borrower or anyone else, to collect such interest.

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Sui Generis Database Rights means rights other than copyright resulting from Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases, as amended and/or succeeded, as well as other essentially equivalent rights anywhere in the world.

  • Public Rights-of-Way means the area on, below, or above a public roadway, highway, street, public sidewalk, alley, waterway, or utility easements dedicated for compatible uses.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Junior Units means any Partnership Unit representing any class or series of Partnership Interest ranking, as to distributions, or rights upon voluntary or involuntary liquidation, dissolution or winding up of the Partnership, junior to Series A Preferred Units.

  • Unlimited rights means the rights of the Government to use, disclose, reproduce, prepare derivative works, distribute copies to the public, and perform publicly and display publicly, in any manner and for any purpose, and to have or permit others to do so.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Voting Rights The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to each Class of Notional Amount Certificates, if any (such Voting Rights to be allocated among the holders of Certificates of each such Class in accordance with their respective Percentage Interests), and (b) the remaining Voting Rights (or 100% of the Voting Rights if there is no Class of Notional Amount Certificates) shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on such date.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Surface Rights means interests in the surface of lands which are used or held for use in connection with Petroleum and Natural Gas Rights or Tangibles, including (i) rights to use the surface of lands for purposes of drilling and operating oil and gas xxxxx or injection xxxxx, (ii) rights to use the surface of lands for the location of Tangibles or in connection with the operation thereof and (iii) rights to use the surface of lands to gain access to such xxxxx or such Tangibles, and including surface leases, licenses of occupation, roads, road use agreements, pipeline easements and similar rights;

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.