Train Operator Events of Default. The following are Train Operator Events of Default:
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a);
(b) an Insolvency Event occurs in relation to the Train Operator or the Concessionaire;
(i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or
(ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network;
(d) any Track Charges or other amount due by the Train Operator to Network Rail under this contract remain unpaid for more than seven days after their due date;
(e) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material financial loss to Network Rail;
(f) any breach of this contract or any material breach of any of the Collateral Agreements by the Train Operator which, by itself or taken together with any other such breach, results, or is likely to result, in material disruption to train operations of other train operators; and
(g) the Concession Agreement is terminated.
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with Clause 3.2(a);
(b) an Insolvency Event occurs in relation to the Train Operator or the Franchisee;
(c) (i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with clause 3.2(a);
(b) an Insolvency Event occurs in relation to the Train Operator or the Franchisee; (c)
(i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or
(ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Network Rail reasonably considers constitutes a threat to the safe operation of any part of the Network;
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with Clause 3.2(a);
(b) an Insolvency Event occurs in relation to the Train Operator; (c)
(i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or
(ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the CVL;
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services by either;
(i) a European licence and a statement of national regulatory provisions granted by the XXX under the Licensing Regulations; or
(ii) a licence granted under section 8 of the Act unless it is exempt from the requirement to be so authorised under section 7 of the Act;
(b) an Insolvency Event occurs in relation to the Train Operator;
(c) (i) any breach by the Train Operator of this Contract, its Safety Obligations or any of the Collateral Agreements; or
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with Clause 3.2(a);
(b) an Insolvency Event occurs in relation to the Train Operator; (c)
(i) any breach by the Train Operator of this contract, its Safety Obligations or any of the Collateral Agreements; or
(ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, Nexus reasonably considers constitutes a threat to the safe operation of any part of the Metro Shared Network;
Train Operator Events of Default. The following shall be Train Operator Events of Default, and the Train Operator shall notify the CVL IM promptly upon becoming aware of any Train Operator Event of Default:
(A) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services in accordance with Clause 2.2(A);
(B) an Insolvency Event occurs in relation to the Train Operator; (C)
(1) any breach by the Train Operator of this Agreement, its Safety Obligations or any of the Collateral Agreements; or
(2) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, the CVL IM reasonably considers constitutes a threat to the safe operation of any part of the CVL;
Train Operator Events of Default. The following are Train Operator Events of Default:
(a) the Train Operator ceases to be authorised to be the operator of trains for the provision of the Services by either:
(i) a European licence and a statement of national regulatory provisions granted by the XXX under the Railway (Licensing of Railway Undertakings) Regulations 2005; or
(ii) a licence granted under section 8 of the Act unless it is exempt from the requirement to be so authorised under section 7 of the Act;
(b) an Insolvency Event occurs in relation to the Train Operator; (c)
(i) any breach by the Train Operator of the Contract, its Safety Obligations or any of the Collateral Agreements; or
(ii) any event or circumstance which is reasonably likely to result in any such breach, which, by itself or taken together with any other such breach, event or circumstance, HS1 Ltd reasonably considers constitutes a threat to the safe operation of any part of HS1;
