The claim against MAS for alleged breach of a ground handling contract (" ACL Agreement") is damages in the sum of EURO 62.7 million (approximately RM300 million). Re-negotiate the Administration, Coordination and Licensing (ACL) Agreement with Iowa Pacific Holdings (IPH).
#Acl definition license
Santa Cruz states that the Revised ACL Agreement is substantially the same as the Original ACL Agreement, with only minor changes, which include the potential provision of passenger service, modifications to repair and maintenance responsibilities, changes to rail car storage and repair parameters, changes to license fees, and alterations to the termination and default provisions.
The claim against MAS for alleged breach of a ground handling contract (" ACL Agreement") is damages in the sum of EURO 62.7 million (approximately RM300 million).On 23 April 2007, MAS received a partial award from the Arbitral Tribunal dated 4 April 2007 declaring that MAS has breached the ACL agreement but made no ruling on MAS' liability to compensate ACL for the damages suffered as a result of the breach. This provision recognizes that Santa Cruz may not exercise its rights under the ACL Agreement in a manner that may materially interfere with SCMB’s operation of the freight easement.carrier obligation to provide freight rail service on the line, and (2) retains sufficient control over the line to carry out its common carrier operations.
To govern the proposed relationship between SPR as the operator and Santa Cruz as the owner of the physical assets of the Line, the parties negotiated the terms of the Revised ACL Agreement. The anterior cruciate ligament is a thick band of tissue which has two major strands that extend from the lower leg bone (tibia) to the thigh bone (femur). The claim against the Company for alleged breach of a ground handling contract (" ACL Agreement") is damages in the sum of EUR62.7 million (approximately RM304 million). Except as otherwise provided in an ACL Agreement, each Borrowing under this Section shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $500,000 (except that any such Borrowing may be in the aggregate amount of the Unused Commitments less the amount of any outstanding Swing Line Advances) and shall be made from the several Banks ratably in proportion to their respective Commitments.
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