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 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.

  • 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.

  • 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.

  • CPR Trackage Rights Agreement (VIA) -------------------------------------------------------------------------------- Y.

  • The calculation of the Factor to be applied to the immediately prior year's Annual Trackage Rights Fee shall be carried out to five places to the right of the decimal and rounded.

  • Such license or other written agreement shall be entered into consistent with and subject to the terms and conditions of this Agreement and the Trackage Rights Agreement as consideration for this Agreement and without additional consideration to be paid to NCRR by NSR.

  • In addition, the Company shall agree to invest up to $5 million in a capital improvement as may be reasonably necessary to facilitate the use of the Harvard Trackage Rights under the amended agreement.

  • The formula is: For 2001 and subsequent calendar years the Annual Trackage Rights Fee shall be an amount calculated by multiplying the prior year's Annual Trackage Rights Fee by the "Factor" obtained by dividing the Implicit Price Deflator for Gross Domestic Product ("IPD-GDP") for the calendar year preceding the prior calendar year by the IPD-GDP for the calendar year preceding that calendar year.

  • The late payment penalty charge shall be in the amount of one and one-half percent (1-1/2%) per month (simple interest) for each month, or part thereof, after such grace period as the Annual Trackage Rights Fee shall remain unpaid.

  • If owed, NSR will pay such late payment penalty charge together with the Annual Trackage Rights Fee due.