Examples of MTRC Railway in a sentence
MergeCo shall maintain the status quo with respect to student fare discounts by continuing to provide a 50% discount on student fares for the MTRC Railway whilst not offering any discount on student fares for the KCRC Railway.
The principal business of the Company is to operate the MTRC Railway.
In relation to natural extensions of the MTRC Railway, the existing arrangements contained in the existing Operating Agreement, and the commitments given by Government at the time of the Company’s initial public offering, relating to project returns, will be preserved.
In relation to natural extensions of the MTRC Railway, the existing arrangements contained in the existing Operating Agreement, and the commitments given by Government at the time of MTRCL’s initial public offering, relating to project returns, will be preserved.
It also provides various consultancy services to organisations worldwide.The operations of the Company and the MTRC Railway are currently subject to the terms and conditions contained, amongst other things, in the MTR Ordinance and the Existing Operating Agreement.
The Operation Agreement differs from the Existing Operating Agreement to provide for, amongst other things, the nature of the combined MTRC Railway and KCRC Railway.
The Company shall maintain the status quo as at the date of the Memorandum of Understanding with respect to Student Fares discounts by continuing to provide a 50% discount on Student Fares for the MTRC Railway and no discount on Student Fares for the KCRC Railway, subject to the Fare Adjustment Mechanism applying to the Student Fares from and including the Merger Date.
BACKGROUND TO THE RAIL MERGERIn February 2004, the Government invited the Company and KCRC to commence discussions relating to a possible merger of the MTRC Railway and the KCRC Railway.
The number of shares purchased consists of shares of common stock tendered by employees to the Company to satisfy the employees' minimum tax withholding obligations arising as a result of vesting of restricted stock grants under the Company's 2007 Stock Incentive Plan, as amended, which shares were purchased by the Company based on their fair market value on the vesting date.
It also provides various consultancy services to organisations worldwide.The operations of the Company and the MTRC Railway are currently subject to the terms and conditions contained, amongst other things, in the MTR Ordinance and the Existing Operating Agreement.Further details of the business activities of the Company are contained in the section headed “Information on the Business of the Company”.