[23] Subsection 141(3) of the CTA states that a railway company may sell, lease or otherwise transfer its railway lines, or its operating interest in its lines, for continued operation. The City filed with the Agency the Agreement of Purchase and Sale of Railway for Continued Railway Operations between CP and the City, signed March 21, 2005. The Agreement includes the Ellwood and Prescott corridors, and the Bridge. The Agreement also includes the Vendor’s Conditions, which state: “Subject to the Purchaser executing an Acknowledgement and Undertaking, in a form satisfactory to the Vendor’s Solicitor, acting reasonably, acknowledging that the Lands, Fixtures and documents are being sold for continued railway operations.”