Common use of Calculation of SAR Relinquishment Fee Clause in Contracts

Calculation of SAR Relinquishment Fee. ‌ The SAR Relinquishment Fee for the Surplus Access Rights for a Train Service Type is the amount equivalent to the present value, calculated at the Discount Rate, of the payment of the aggregate AT2 Component of the TOP Charges for the Surplus Access Rights that would have been payable for the remainder of the Term assuming: (a) that the Surplus Access Rights were not relinquished; and (b) the Surplus Access Rights were not operated for the Access Holder for a reason other than Aurizon Network Cause and TOP Charges are payable for the remainder of the Term.

Appears in 4 contracts

Samples: Access Agreement, Standard Access Agreement, Access Agreement

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Calculation of SAR Relinquishment Fee. The SAR Relinquishment Fee for the Surplus Access Rights for a Train Service Type is the amount equivalent to the present value, calculated at the Discount Rate, of the payment of the aggregate AT2 Component of the TOP Charges for the Surplus Access Rights that would have been payable for the remainder of the Term assuming: (a) that the Surplus Access Rights were not relinquished; and (b) the Surplus Access Rights were not operated for the Access Holder for a reason other than Aurizon Network Cause and TOP Charges are payable for the remainder of the Term.

Appears in 2 contracts

Samples: Standard Access Agreement, Standard Access Agreement

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