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 means, 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 those rights conferred on a third party with respect to a Trackage Rights Agreement.
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Examples of Trackage Rights in a sentence

  • A Trackage Rights Agreement covering each of the Routes listed in Item 1 of Schedule 4 and containing the terms and provisions applicable to such Route as set forth in Item 1 of Schedule 4 will be executed by the parties designated in such Item 1.

  • IC&E concurrently filed a motion for a protective order pursuant to 49 CFR 1104.14(b) for a draft Trackage Rights Agreement between IC&E and CPR.

  • NCRR’s review and approval is subject to NCRR’s obligations consistent with the 1999 Trackage Rights Agreement (TRA) between NCRR and Norfolk Southern Railway (NSR).

  • The portion of the Rail Corridor over which Railroad possesses only Trackage Rights are depicted on the Railroad System Map which has been made available to Pathnet.

  • FD 35518 (STB servedDEPARTMENT OF TRANSPORTATIONSurface Transportation Board [Docket No. FD 35598] Eastern Maine Railway Company— Assignment of Trackage Rights Exemption—Montreal, Maine & Atlantic Railway, Ltd.

  • The draft Trackage Rights Agreement was submitted under seal, as Exhibit 2 to the notice of exemption.

  • Railroad, however, agrees to reasonably cooperate with and assist Pathnet in obtaining any approvals of third parties necessary to permit Pathnet to use any such jointly owned rights-of-way, and agrees not to block Pathnet's application to use any portion of the Rail Corridor on which Railroad only has Trackage Rights; provided, however, that Pathnet shall reimburse Railroad, upon demand, for any costs, including reasonable attorneys' fees, incurred by Railroad in connection with such cooperation.

  • Financial Responsibility Exemptions, Trackage Rights, and Prescriptions Labor Protection Closing Terms Environmental Concerns APPENDIX A APPENDIX B APPENDIX C Keokuk Junction Railway Company (KJRY), a Class III railroad controlled by Pioneer Railcorp (Pioneer), a noncarrier holding company, asks us to use our authority under 49 U.S.C. 10907 to order the Toledo, Peoria & Western Railway Corporation (TP&W) to sell a 76-mile rail line in western central Illinois to KJRY.

  • The Parties expressly acknowledge and agree that the Trackage Rights Definition Controversies have been resolved and settled by means of the new definitions of the terms and conditions and/or scope of the mandatory trackage and switching rights referred to in Clause Five of this Agreement, without reserving any claim or right to such effect.

  • In the event that the Annual Trackage Rights Fee is adjusted under the provisions of Section 17(d) of this Agreement, the $11,000,000 minimum Annual Trackage Rights Fee set forth in the preceding sentence will be adjusted by the same percentage used to adjust the Annual Trackage Rights Fee pursuant to Section 17(d) hereof.


More Definitions of Trackage Rights

Trackage Rights means permission for a railroad to use the tracks of another.
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Related to Trackage Rights

  • Exchange Rights shall have the meaning set forth in Paragraph 2 hereof.

  • 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 set forth in Section 2.1 hereof.

  • 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 a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Senior Interest (a) A senior or pari passu participation interest in a performing multi-family or commercial real estate loan, or (b) an “A note” in an “A/B structure” in a performing multi-family of commercial real estate loan.

  • 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 rights to use, modify, reproduce, perform, display, release, or disclose technical data in whole or in part, in any manner, and for any purpose whatsoever, and to have or authorize 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 is defined in Section 2.2(h).

  • 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, without limitation, freehold title, fee title, leases, concessions, patented mining claims and millsites, unpatented mining claims and millsites, prospecting and exploration rights, mining and mineral rights, in respect of the Material Properties, or other conventional property or proprietary interests or rights, recognized in the jurisdiction in which the Material Properties are located.

  • Redemption Right has the meaning set forth in Section 11.01(a).

  • 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.