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.
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.
The principal business of the Company is to operate the MTRC Railway.
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.
Formal notice of the Merger EGM and details of the EGM Resolution are contained on pages N-1 to N-2 of this Circular.The Rail Merger involves the following key elements:(1) the expansion of the Company’s existing franchise under the MTR Ordinance to provide the Company with the right to operate the KCRC Railway, as well as the MTRC Railway, for an initial period of 50 years from the Merger Date (this period is extendable pursuant to the MTR Ordinance and the Operating Agreement).
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 Operating 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 considers that the terms of the Rail Merger provided in the Transaction Documents, which implement the Memorandum of Understanding, will be beneficial for the following principal reasons:Enhancement of ValueFrom the commencement of operations of the MTRC Railway in 1979, Hong Kong has been provided with a reliable, efficient and affordable urban mass transport system.
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”.