Early termination and TOP Charges. (a) If ARTC terminates a Train Path Schedule or this agreement (other than under clause 2, clause 12.1 for a breach by ARTC, clause 12.2 due to ARTC ceasing to carry on business or becoming insolvent or clause 12.3 of this agreement), the Access Holder must within one month of termination pay ARTC an amount equal to the present value of the TOP Charges which would have otherwise been payable over the remaining term of each terminated Train Path Schedule as calculated by ARTC. In calculating the present value, ARTC will:
Appears in 13 contracts
Samples: Access Holder Agreement, www.accc.gov.au, Access Holder Agreement
Early termination and TOP Charges. (a) If ARTC terminates a Train Path Schedule or this agreement (other than under clause 2, clause 12.1 for a breach by ARTC, clause 12.2 due to ARTC ceasing to carry on business 2 or becoming insolvent or clause 12.3 of this agreement), the Access Holder must within one month of termination pay ARTC an amount equal to the present value of the TOP Charges which would have otherwise been payable over the remaining term of each terminated Train Path Schedule as calculated by ARTC. In calculating the present value, ARTC will:
Appears in 2 contracts
Samples: Access Holder Agreement, www.accc.gov.au
