Aggregate Net Liability of the CVL IM and the Train Operator for Performance Sums Sample Clauses

Aggregate Net Liability of the CVL IM and the Train Operator for Performance Sums. 9.1.1 The Aggregate Net Liability of the CVL IM for a Performance Sum in respect of any Charging Period shall not exceed the CVL IM Charging Period Limit.
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Aggregate Net Liability of the CVL IM and the Train Operator for Performance Sums. The Aggregate Net Liability of the CVL IM for a Performance Sum in respect of any Charging Period shall not exceed the CVL IM Charging Period Limit. Subject to paragraph 9.1.3, if the CVL IM would otherwise be liable for a Performance Sum which exceeds the CVL IM Charging Period Limit, then the amount by which such claim exceeds the CVL IM Charging Period Limit shall be taken into account when calculating the CVL IM'’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year. In respect of any Financial Year, the Aggregate Net Liability of the CVL IM under this paragraph 9.1 shall not exceed the CVL IM Cap. The Aggregate Net Liability of the Train Operator for a Performance Sum in respect of any Charging Period shall not exceed the Train Operator Charging Period Limit. Subject to paragraph 9.1.6, if the Train Operator would otherwise be liable for a Performance Sum which exceeds the Train Operator Charging Period Limit, then the amount by which such claim exceeds the Train Operator Charging Period Limit shall be taken into account when calculating the Train Operator’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year. In respect of any Financial Year, the Aggregate Net Liability of the Train Operator under this paragraph 9.1 shall not exceed the Train Operator Cap.
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