Common use of Contents of Suspension Notice Clause in Contracts

Contents of Suspension Notice. A Suspension Notice shall specify: (a) the nature of the relevant Event of Default; (b) the date and time at which suspension is to take effect; (c) in the case of a Suspension Notice served on the Access Beneficiary, reasonable restrictions imposed on the permission to use the Service Facility or any parts of it while the Suspension Notice is in force; (d) in the case of a Suspension Notice served on DB Cargo, details of any necessary suspension of the Train Services while the Suspension Notice is in force; (e) the steps reasonably required to remedy the Event of Default; and (f) a reasonable grace period for the defaulting party to remedy it (where the Event of Default is a failure by Access Beneficiary to pay any part of the Facility Service Charges or other amounts due under this Contract, five (5) Working Days shall be deemed the reasonable grace period).

Appears in 2 contracts

Samples: Facility Access Agreement, Facility Access Agreement

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Contents of Suspension Notice. A Suspension Notice shall specify: (a) the nature of the relevant Event of Default; (b) the date and time at which suspension is to take effect; (c) in the case of a Suspension Notice served on the Access Beneficiary[ BShort ], reasonable restrictions imposed on the permission to use the Service Facility facility or any parts of it while the Suspension Notice is in force; (d) in the case of a Suspension Notice served on DB Cargo, details of any necessary suspension of the Train Services while the Suspension Notice is in force; (e) the steps reasonably required to remedy the Event of Default; and (f) a reasonable grace period for the defaulting party to remedy it (where the Event of Default is a failure by Access Beneficiary [ BShort ] to pay any part of the Facility Service Charges or other amounts due under this Contractcontract, five (5) Working Days seven days shall be deemed the a reasonable grace period).

Appears in 1 contract

Samples: Facility Access Contract

Contents of Suspension Notice. A Suspension Notice shall specify: (a) the nature of the relevant Event of Default; (b) the date and time at which suspension is to take effect; (c) in the case of a Suspension Notice served on the Access BeneficiaryXX Xxxxxxxx, reasonable restrictions imposed on the permission to use the Service Facility or any parts of it while the Suspension Notice is in force; (d) in the case of a Suspension Notice served on DB CargoFDRC, details of any necessary suspension of the Train Services while the Suspension Notice is in force; (e) the steps reasonably required to remedy the Event of Default; and (f) a reasonable grace period for the defaulting party to remedy it (where the Event of Default is a failure by Access Beneficiary XX Xxxxxxxx to pay any part of the Facility Service Charges or other amounts due under this Contractcontract, five (5) Working Days seven days shall be deemed the a reasonable grace period).

Appears in 1 contract

Samples: Facility Access Contract

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Contents of Suspension Notice. A Suspension Notice shall specify: (a) the nature of the relevant Event of Default; (b) the date and time at which suspension is to take effect; (c) in the case of a Suspension Notice served on the Access BeneficiaryXX Xxxxxxxx, reasonable restrictions imposed on the permission to use the Service Facility or any parts of it while the Suspension Notice is in force; (d) in the case of a Suspension Notice served on DB CargoFreightliner, details of any necessary suspension of the Train Services while the Suspension Notice is in force; (e) the steps reasonably required to remedy the Event of Default; and (f) a reasonable grace period for the defaulting party to remedy it (where the Event of Default is a failure by Access Beneficiary XX Xxxxxxxx to pay any part of the Facility Service Charges or other amounts due under this Contractcontract, five (5) Working Days seven days shall be deemed the a reasonable grace period).

Appears in 1 contract

Samples: Facility Access Contract

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