Railroad Lines Sample Clauses

Railroad Lines. To the degree that the Licensee or its parent company has property rights, and considers abandoning the railroad line that runs from Halls Ferry Junction and along the western shore of Narrows Reservoir into Badin, the Parties agree that the Licensee will first discuss with the Town of ▇▇▇▇▇, ▇▇▇▇▇▇ County and NCDENR the interest in evaluating the line for the “Rails to Trails” program at that time. The Licensee or its parent company will provide a right of first refusal to the State of North Carolina for this railroad line under the condition that ownership can revert to the Licensee or its parent company upon notice that the railroad line is to be reactivated by either of the companies.