Common use of Network Rail’s right to terminate Clause in Contracts

Network Rail’s right to terminate. Network Rail may serve a Termination Notice on the Train Operator: (a) where the Train Operator fails to comply with any material restriction in a Suspension Notice; (b) where the Train Operator fails to comply with its obligations under paragraph 2.5.3; (c) where the Train Operator Event of Default specified in paragraph 1.1(a) has occurred and is continuing; or (d) where the Train Operator Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and three months have elapsed from the service of that Suspension Notice.

Network Rail’s right to terminate. Network Rail may serve a Termination Notice on the Train Operator: (a) where the Train Operator fails to comply with any material restriction in a Suspension Notice; (b) where the Train Operator fails to comply with its obligations under paragraph 2.5.3; (c) where the Train Operator Event of Default specified in paragraph 1.1(a) has occurred and is continuing; or (d) where the Train Operator Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and three 3 months have elapsed from the service of that Suspension Notice.

Network Rail’s right to terminate. Network Rail may serve a Termination Notice on the Train Operator: (a) where the Train Operator fails to comply with any material restriction in a Suspension Notice;Notice;‌ (b) where the Train Operator fails to comply with its obligations under paragraph 2.5.3;2.5.3;‌ (c) where the Train Operator Event of Default specified in paragraph 1.1(a) has occurred and is continuing; oror‌ (d) where the Train Operator Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and three months have elapsed from the service of that Suspension Notice.Notice.‌

Network Rail’s right to terminate. Network Rail may serve a Termination Notice on the Train Operator: (a) where Freight Customer where: the Train Operator Freight Customer fails to comply with any material restriction in a Suspension Notice; (b) where ; the Train Operator Freight Customer fails to comply with its obligations under paragraph 2.5.3; (c) where ; [Not used]; or the Train Operator Event of Default specified in paragraph 1.1(a) has occurred and is continuing; or (d) where the Train Operator Freight Customer Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and three 3 months have elapsed from the service of that Suspension Notice.

Network Rail’s right to terminate. Network Rail may serve a Termination Notice on the Train Operator: (a) : where the Train Operator fails to comply with any material restriction in a Suspension Notice; (b) ; where the Train Operator fails to comply with its obligations under paragraph 2.5.3; (c) ; where the Train Operator Event of Default specified in paragraph 1.1(a) has occurred and is continuing; or (d) or where the Train Operator Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and three 3 months have elapsed from the service of that Suspension Notice.

Network Rail’s right to terminate. Network Rail may serve a Termination Notice on the Train Operator: (a) : where the Train Operator fails to comply with any material restriction in a Suspension Notice; (b) ; where the Train Operator fails to comply with its obligations under paragraph 2.5.3; (c) ; where the Train Operator Event of Default specified in paragraph 1.1(a) has occurred and is continuing; or (d) or where the Train Operator Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and three months have elapsed from the service of that Suspension Notice.