Exercise of Security. (a) The Security will be held by ARTC as security for the performance of the obligations of the Operator under this Agreement and may be called upon by ARTC in any circumstances in which ARTC suffers any loss as a result of default by the Operator under this Agreement.
Appears in 3 contracts
Samples: Track Access Agreement, Track Access Agreement, Track Access Agreement
Exercise of Security. (a) The Security will shall be held by ARTC as security for the performance of the obligations of the Operator under this Agreement and may be called upon by ARTC in any circumstances in which ARTC suffers any loss as a result of default by the Operator under this Agreement.
Appears in 3 contracts
Samples: Track Access Agreement, Track Access Agreement, Track Access Agreement
Exercise of Security. (a) The Security will shall be held by ARTC as security for the performance of the obligations of the Operator under this Agreement and may be called upon by ARTC in any circumstances in which ARTC suffers any loss as a result of default by the Operator under this Agreement.
Appears in 1 contract
Samples: Track Access Agreement
