Local Authority Multi-modal Schemes Sample Clauses

Local Authority Multi-modal Schemes. (a) The Operator shall participate in: (i) the multi-modal travel schemes listed in Part 7(b) of Schedule 1; and (ii) if so requested by the Awarding Authority, such multi-modal travel schemes as any relevant Local Authority may require or request it to participate in, provided that the terms of any such scheme or the obligations assumed by the Local Authority in connection therewith are such as to result, by way of distribution of income or otherwise, in the reasonable opinion of the Awarding Authority and subject to Clause 9.5(b), in the Operator incurring no Net Loss as a result of any such participation. (b) For the purposes of this Clause 9.5, the Operator shall be deemed to incur no Net Loss as a result of participation in any scheme which is reasonably similar to or replaces any such scheme or schemes as may be listed in Part 7(b) of Schedule 1 if and to the extent that the Net Loss caused as a result of such participation is no greater than the Net Loss (if any) incurred by the Operator at the date of signature of this Agreement under the relevant scheme or schemes listed in Part 7(b) of Schedule 1 as adjusted by reference to any change in the level of prices according to the Retail Prices Index since such date. (c) The Awarding Authority shall consult with the Operator before making any request under Clause 9.5(a)(ii) and shall allow the Operator a reasonable opportunity to make representations to it with respect to any such participation. (d) Subject to the terms of the relevant scheme, the Operator shall be entitled to cease to participate in any multi-modal scheme in which it participates under Clause 9.5(a)(ii) if, in the reasonable opinion of the Awarding Authority, continuing participation would result in the Operator incurring any Net Loss. (e) The Operator shall supply to the Awarding Authority such information within such period as it may reasonably require for the purposes of determining the Net Loss to be caused as a result of participation in any such scheme. If the Awarding Authority and the Operator are unable to agree what Net Loss would be or is so caused, they may resolve such dispute in accordance with the Dispute Resolution Rules. (f) The Awarding Authority may amend the multi-modal travel schemes listed in Part 7(b) of Schedule 1 (being those schemes to which the Awarding Authority is a party) or introduce new multi-modal travel schemes in which it may, by notice in writing to the Operator, require the Operator to participate p...
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Related to Local Authority Multi-modal Schemes

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