Common use of Direct Agreements Clause in Contracts

Direct Agreements. 6.1 Subject to paragraph 6.2, the counterparty to any contract which will, as at the Start Date, be a Key Contract (including any such contract to which the Franchisee is required under this Agreement to be a party or have vested in it as at the Start Date), has entered into a Direct Agreement with the Secretary of State in respect of such Key Contract on terms acceptable to the Secretary of State. 6.2 No Direct Agreement need be entered into by the counterparty to any Key Contract referred to in paragraph 6.1 where: (a) such counterparty is a Train Operator; and (b) such Train Operator is the provider of the services under such Key Contract which the Secretary of State considers are reasonably necessary for securing the continued provision by a Successor Operator of the Franchise Services or services similar to the Franchise Services.

Direct Agreements. 6.1 Subject to paragraph 6.2Paragraph 6.2 below, the counterparty to any contract which will, as at the Start Date, be a Key Contract (including any such contract to which the Franchisee is required under this Agreement to be a party or have vested in it as at the Start Date), has entered into a Direct Agreement with the Secretary of State in respect of such Key Contract on terms acceptable to the Secretary of State. 6.2 No Direct Agreement need be entered into by the counterparty to any Key Contract referred to in paragraph Paragraph 6.1 above where: (a) such counterparty is a Train Operator; and (b) such Train Operator is the provider of the services under such Key Contract which the Secretary of State considers are reasonably necessary for securing the continued provision by a Successor Operator of the Franchise Services or services similar to the Franchise Services.