Trackage Rights definition

Trackage Rights means the rights arising by agreement of one railroad to use the tracks or right-of-way of another railroad for the carriage of rail traffic; said agreement ordinarily imparting no ownership interest in the burdening carrier relating to the tracks or rights-of-way of the burdened carrier.
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Trackage Rights. The "TRACKAGE RIGHTS" shall mean, collectively, all of Landlord's right, title and interest in and to any and all operating and trackage rights below the Premises, including the rights of Landlord to: (i) operate trains, cars and locomotives (commercial, freight and passenger); (ii) provide through and local train service (commercial, freight, passenger, and mail); (iii) operate long haul (through) train service (commercial, freight, passenger and mail); (iv) provided that such activities do not unreasonably interfere with the use and operations of the Premises, use or occupy any portion of the Premises to operate any and all of the foregoing equipment, facilities, and services; and (v) exercise Landlord's rights under the Franchise Agreement.
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Trackage Rights means permission for a railroad to use the tracks of another.
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Examples of Trackage Rights in a sentence

  • Trackage Rights Exemption—The Xxxxxxxx, Topeka and Santa Fe Railway Company Lines Between Hutchinson, KS, and Chicago, IL, and Between Topeka, KS, and Kansas City, KS The Xxxxxxxx, Topeka and Santa Fe Railway Company (Santa Fe) has agreed to grant Southern Pacific Transportation Company, The Denver and Rio Grande Western Railroad Company, St. Louis Southwestern Railway Company, and SPCSL Corp.

  • To the actual knowledge of CSXT, the list of Trackage Rights Agreements contained in Exhibit K (Trackage Rights Agreements) are all of the Trackage Rights held by other rail carriers on the property conveyed to DRPT pursuant to the applicable Deed.

  • If, after the relevant Sale Date, it is determined that a rail carrier held additional Trackage Rights on any portion of the relevant Segment prior to the Sale Date, and such Trackage Rights still exist, CSXT shall, at its expense, exercise commercially reasonable efforts to cause such Trackage Rights holders to discontinue and release such Trackage Rights, subject to regulatory authority under applicable Law.

  • Trackage Rights Exemption—The Xxxxxxxx, Topeka and Santa Fe Railway Company Lines Between Pueblo, CO, and A marillo, TX.

  • Union Pacific (All Districts) 12/9/2020 C40383 4.2 Trackage Rights Agreement NICTD Amendment allows for 3‐month extension to NICTD to meet certain requirements for Operating Rights and incorporates a newly constructed maintenance‐of‐way crosswalk into the shared downtown corridor depicted in Exhibit A.

  • Trackage Rights Exemption—The Xxxxxxxx, Topeka and Santa Fe Railway Company Lines Between Pueblo, CO, and Amarillo, TX.

  • BNSF, the Authority and DSRC implemented the Settlement Agreement by entering into an agreement entitled “Overhead Haulage Agreement (convertible to Overhead Trackage Rights Between Mitchell, South Dakota, Aberdeen, South Dakota and Sioux City, IA),” dated Nov.

  • HCRRA further agrees that any transfer of ownership of the Freight Rail Property shall be to another governmental entity and contingent upon assumption by the governmental entity transferee (i) of the commitments by HCRRA herein with respect to the Freight Rail Property and (ii) of the Trackage Rights Agreement.

  • HCRRA will, to the extent lawfully permissible and not in breach of the Trackage Rights Agreement, (i) enforce its rights under Section 2.3 of the Trackage Rights Agreement to prevent Soo and TCW from admitting additional railroads to use of the Freight Rail Property; and (ii) not admit additional railroads to the joint use of the Freight Rail Property; provided, however, that nothing herein shall be construed to prevent the HCRRA Property from being utilized for light rail use for the Project.

  • Trackage Rights Exemption—The Atchison, Topeka and Santa Fe Railway Company Lines Between Hutchinson, KS, and Chicago, IL, and Between Topeka, KS, and Kansas City, KS The Xxxxxxxx, Topeka and Santa Fe Railway Company (Santa Fe) has agreed to grant Southern Pacific Transportation Company, The Denver and Rio Grande Western Railroad Company, St. Louis Southwestern Railway Company, and SPCSL Corp.


More Definitions of Trackage Rights

Trackage Rights means those rights conferred on a third party with respect to a Trackage Rights Agreement.
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Related to Trackage Rights

  • Exchange Rights means any rights granted to limited partners of Simon Property Group, L.P., a Delaware limited partnership (including pursuant to an Exchange Rights Agreement) to exchange (subject to the Ownership Limit) limited partnership interests in such Partnership for shares of Capital Stock or cash at the option of the Corporation.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Exchange Right has the meaning ascribed thereto in Section 5.1;

  • Senior Interests means, collectively, (i) the Aggregate Interest, (ii) the Aggregate Capital, (iii) the fees referred to in Section 2.03 of the Receivables Financing Agreement, (iv) all amounts payable pursuant to Sections 5.01, 5.02, 5.03, 13.01, 13.02 or 14.04 of the Receivables Financing Agreement and (v) all other obligations of the Borrower and the Servicer that are due and payable, to (a) the Lenders, the Administrative Agent and their respective successors, permitted transferees and assigns arising in connection with the Transaction Documents and (b) any Borrower Indemnified Party, Servicer Indemnified Party or Affected Person arising in connection with the Receivables Financing Agreement or any other Transaction Document, in each case, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, together with any and all interest accruing on any such amount after the commencement of any Bankruptcy Proceedings, notwithstanding any provision or rule of law that might restrict the rights of any Senior Interest Holder, as against the Borrower or anyone else, to collect such interest.

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Sui Generis Database Rights means rights other than copyright resulting from Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases, as amended and/or succeeded, as well as other essentially equivalent rights anywhere in the world.

  • Public Rights-of-Way means the area on, below, or above a public roadway, highway, street, public sidewalk, alley, waterway, or utility easements dedicated for compatible uses.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • Unlimited rights means the rights of the Government to use, disclose, reproduce, prepare derivative works, distribute copies to the public, and perform publicly and display publicly, in any manner and for any purpose, and to have or permit others to do so.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Voting Rights The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to each Class of Notional Amount Certificates, if any (such Voting Rights to be allocated among the holders of Certificates of each such Class in accordance with their respective Percentage Interests), and (b) the remaining Voting Rights (or 100% of the Voting Rights if there is no Class of Notional Amount Certificates) shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on such date.

  • Surface Rights means all rights to use the surface of land in connection with the Properties including, without limitation, all rights to enter upon and occupy the surface of land on which the Tangibles and Xxxxx are located and rights to cross or otherwise use the surface of land for access to the Properties;

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Mining Rights means all interests in the surface of any lands, the minerals in (or that may be extracted from) any lands, all royalty agreements, water rights, patented and unpatented mining and millsite claims, fee interests, mineral leases, mining licenses, profits-a-prendre, joint ventures and other leases, rights-of-way, inurements, licenses and other rights and interests used by or necessary to mining and related processing operations.

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Appurtenant Rights means (i) all agreements, easements, rights of way or use, rights of ingress or egress, privileges, appurtenances, tenements, hereditaments and other rights and benefits at any time belonging or pertaining to the Land or the Improvements, including, without limitation, the use of any streets, ways, alleys, vaults or strips of land adjoining, abutting, adjacent or contiguous to the Land and (ii) all permits, licenses and rights, whether or not of record, appurtenant to the Land.

  • Access Rights means licences and user rights to foreground or background;

  • Senior Interest Holders means, collectively, the Lenders, the Administrative Agent, the Borrower Indemnified Parties, the Servicer Indemnified Parties and the Affected Persons.

  • Automatic Exchange Rights means the benefit of the obligation of Parent to effect the automatic exchange of Parent Common Shares for Exchangeable Shares pursuant to Section 5.13.

  • Water Rights means: (1) with respect to any Person, all of such Person's right, title and interest in and to any water stock, permits or entitlements and any other water rights related to or appurtenant to property owned or leased by such Person, and (2) with respect to any property, any water stock, permits or entitlements and any other water rights related to or appurtenant to such property.

  • class licence means a licence granted to all members of a class of persons, being a class specified in the licence;