Common use of Train Operator Events of Default Clause in Contracts

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireFranchise Operator; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the NetworkCVL; (d) any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Railthe CVL IM; (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession TfWRL Grant Agreement is terminated...

Train Operator Events of Default. The following are Train Operator Events of Default: (a) : the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Franchise Operator; any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) CVL; any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven days after their due date; (e) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) the CVL IM; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) and the Concession TfWRL Grant Agreement is terminatedterminated The Train Operator shall notify the CVL IM promptly on becoming aware of the occurrence of a Train Operator Event of Default.

Train Operator Events of Default. The following are shall be Train Operator Events of Default: (a) , and the Train Operator shall notify the CVL IM promptly upon becoming aware of any Train Operator Event of Default: the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(aClause 2.2(A); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Operator; any breach by the Train Operator of this contractAgreement, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) CVL; any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract Agreement remain unpaid for more than seven days after their due date; (e) ; any breach of this contract Agreement or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) the CVL IM; and any breach of this contract Agreement or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause Clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireOperator; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven 7 days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail;; and (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) : the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause Clause 3.2(a); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Operator; any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) ; any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven 7 days after their due date; (e) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) ; and any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated. Not used.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) : the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause Clause 3.2(a); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Operator; any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) CVL; any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven 7 days after their due date; (e) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) the CVL IM; and any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated. Not used.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) : the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause Clause 3.2(a); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Operator; any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) ; any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven 7 days after their due date; (e) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) ; and any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireFranchisee; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the NetworkCVL; (d) any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Railthe CVL IM; (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Franchise Agreement or KAOL Subcontract is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireFranchise Operator; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the NetworkCVL; (d) any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Railthe CVL IM; (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Franchise Agreement or KAOL Subcontract is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireFranchisee; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (dc) any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain remains unpaid for more than seven days after their due date; (ed) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (fe) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (gf) the Concession Agreement is terminatedNot used.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause Clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireOperator; (i) $ any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) $ any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven 7 days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail;; and (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a);3.2(a);‌ (b) an Insolvency Event occurs in relation to the Train Operator or the Concessionaire;Concessionaire;‌ (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; oror‌ (ii) any event or circumstance which is reasonably likely to result in any such breach, breach,‌ which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven days after their due date;date;‌ (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail;Rail;‌ (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; andand‌ (g) the Concession Agreement is terminated.terminated.‌

Train Operator Events of Default. The following are Train Operator Events of Default: (a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) an Insolvency Event occurs in relation to the Train Operator or the ConcessionaireFranchise Operator; (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the NetworkCVL; (d) any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven days after their due date; (e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Railthe CVL IM; (f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Franchise Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) : the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Franchisee; any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) ; any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven days after their due date; (e) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) and the Concession Franchise Agreement is terminated.

Train Operator Events of Default. The following are Train Operator Events of Default: (a) : the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause Clause 3.2(a); (b) ; an Insolvency Event occurs in relation to the Train Operator or the Concessionaire; (i) Operator; any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or (ii) or any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the Network; (d) CVL; any Track Charges or other amount due by the Train Operator to Network Rail the CVL IM under this contract remain unpaid for more than seven 7 days after their due date; (e) ; any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail; (f) the CVL IM; and any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and (g) the Concession Agreement is terminated.