Examples of Panhandle Rail Line in a sentence
Subject to the provisions of this Agreement, ORDC shall provide C&OR with quiet enjoyment of the Panhandle Rail Line throughout the term of this Agreement.
This expert evaluation shall include, but not be limited to, the following considerations: (1) the level of risk inherent in C&OR freight operations over the Panhandle Rail Line; (2) the costs to C&OR of the insurance premium compared to the risks of C&OR operations; (3) the insurance coverage being purchased by other comparable rail operations within the State of Ohio; and (4) the availability of insurance coverage in the market.
C&OR shall make good faith efforts to ensure that all of its employees while working on the Panhandle Rail Line will not purchase, transfer, use or possess illegal drugs or alcohol or abuse prescription drugs in any manner.
C&OR shall not grant overhead rights, operating rights or trackage rights on the Panhandle Rail Line to any party without the advance written consent of the ORDC.
C&OR shall have no right, responsibility or obligation to maintain, repair or remove any structure that carries a highway, road or street over the Panhandle Rail Line.
Section 15.01 If, during the Initial Term or any Renewal Term of this Agreement, ORDC receives and desires to accept any bona fide offer or to make any offer (an “ORDC Offer”) for the sale of the Panhandle Rail Line, or any portion thereof, ORDC shall notify C&OR in writing of each ORDC Offer (“Notice of ORDC Offer”) containing a copy of the ORDC Offer and all other terms and conditions applicable to the ORDC Offer.
Section 17.01 This Agreement is without force and effect until such time that C&OR demonstrates to the satisfaction of ORDC that C&OR has railroad liability insurance coverage (i.e., bodily injury and property damage coverage) in amounts not less than one hundred million dollars ($100,000,000.00) for each individual claim with regard to the operation of the Panhandle Rail Line.
Section 11.03 C&OR agrees, at C&OR’s sole cost and expense, to put, keep, and maintain the Panhandle Rail Line in good order, repair and safe condition.
Section 22.01 The C&OR shall be obligated to fulfill all responsibilities, obligations and duties in managing and negotiating all property leases, crossings and other similar agreements, excluding easements, related to the Panhandle Rail Line, hereinafter referred to as Property Transactions.
ORDC, C&OR and Recipient desire to enter into this Agreement pursuant to which Recipient will have limited access rights over the Panhandle Rail Line.