Transfer Out Contract Buses Sample Clauses

Transfer Out Contract Buses. (a) If the Operator is not the Successor Operator, on or within the period of 30 days immediately preceding the Termination Date: (i) the Operator must ensure that all Contract Buses, including Contract Buses which are subject to a Bus Lease, but excluding Existing Buses, (referred to as Transfer Out Contract Buses) are sold to the Successor Operator or a TfNSW Lessor (unless otherwise agreed in writing between TfNSW, the Operator and the Successor Operator); and (ii) TfNSW shall procure that the Successor Operator or a TfNSW Lessor (as required by TfNSW) purchases all Transfer Out Contract Buses (unless otherwise agreed in writing between TfNSW, the Operator and the Successor Operator), as required by TfNSW, including in accordance with the Contract Buses and Contract Depots Schedule and any other terms of this Contract. (b) The Operator acknowledges and agrees that: (i) Clause 15.5(a) applies to all Transfer Out Contract Buses (including Transfer Out Contract Buses which are subject to a Bus Lease and Transfer out Contract Buses which are owned by the Operator); and (ii) the Operator will be required to acquire the full legal and beneficial right and title to all Transfer Out Contract Buses which are subject to a Bus Lease, to enable the Operator to sell such Transfer Out Contract Buses as required by Clause 15.5(a) (unless otherwise agreed in writing between TfNSW, the Operator and the Successor Operator).
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