Common use of Train Path Schedules Clause in Contracts

Train Path Schedules. Each Train Path Schedule: (a) sets out the Train Paths and the number of Path Usages from a particular load point to be made available to the Access Holder under this agreement; (b) does not grant rights of access to a Train Path or additional Path Usages under this agreement until the satisfaction or waiver of all conditions precedent specified in that schedule for that Train Path or those additional Path Usages; (c) specifies a 10 year Initial Term for access to a Train Path and Path Usages which may be annually renewed by an Access Holder for each year which is 10 years in advance of the Contract Year in which the Renewal Notice is submitted; and (d) provides that, in certain circumstances set out in the Train Path Schedule if the Access Holder has failed to renew the Train Path Schedule, ARTC will provide the Access Holder with the opportunity, during the period until five years before the Train Path Schedule is due to expire, to extend the Train Path Schedule for a period of not less than one year and not more than three years notwithstanding that the Access Holder has failed to submit a Renewal Notice.

Train Path Schedules. Each Train Path Schedule: (a) sets out the Train Paths and the number of Path Usages from a particular load point to be made available to the Access Holder under this agreement; (b) does not grant rights of access to a Train Path or additional Path Usages under this agreement until the satisfaction or waiver of all conditions precedent specified in that schedule for that Train Path or those additional Path Usages; (c) specifies a 10 year Initial Term for access to a Train Path and Path Usages which may be annually renewed by an Access Holder for each year which is 10 years in advance of the Contract Year in which the Renewal Notice is submitted; and (d) provides that, in certain circumstances set out in the Train Path Schedule if the Access Holder has failed to renew the Train Path Schedule, ARTC will provide the Access Holder with the opportunity, during the period until five years before the Train Path Schedule is due to expire, to extend the Train Path Schedule for a period of not less than one year and not more than three years notwithstanding that the Access Holder Xxxxxx has failed to submit a Renewal Notice.

Train Path Schedules. Each Train Path Schedule: (a) sets out applies to the Train Paths and the number of Path Usages from a particular load point to be made available to as set out in the Access Holder under this agreement;Train Path Schedule (b) does not grant rights of access to a Train Path or additional Path Usages under this agreement until the satisfaction or waiver of all conditions precedent specified in that schedule for that Train Path or those additional Path Usages; (c) specifies a 10 year Initial Term for access to a Train Path and Path Usages which may be annually renewed by an Access Holder for each year which is 10 years in advance of the Contract Year in which the Renewal Notice is submitted; and (d) provides that, in certain circumstances set out in the Train Path Schedule if the Access Holder has failed to renew the Train Path Schedule, ARTC will provide the Access Holder with the opportunity, during the period until five years before the Train Path Schedule is due to expire, to extend the Train Path Schedule for a period of not less than one year and not more than three years notwithstanding that the Access Holder has failed to submit a Renewal Notice.