Calculation of the Capacity Reservation Rebate Sample Clauses

Calculation of the Capacity Reservation Rebate. ‌ Where a Reserved Capacity Right is utilised by another train operator in Period p, the Train Operator shall be entitled to a rebate (the "Individual Capacity Rebate") of 75% of the lower of: (a) 0.25 x CIRCPTRP in respect of that Reserved Capacity Right; and (b) where the other operator is a passenger operator, the amount of the IRC paid by that operator and, where the second operator is a freight operator, 75% of the OMRC paid by that operator. A Reserved Capacity Right shall only be utilised by another train operator for the purpose of this paragraph 6.2 where the utilised capacity matches the characteristics of the Reserved Capacity Right in all material respects and there is no other unreserved capacity which could have been utilised by that train operator which has materially similar characteristics. Where a Reserved Capacity Right of the Train Operator and another train operator could satisfy these criteria, the rebate shall be split on a fair and equitable basis. The Capacity Reservation Rebate in Period p (being CRRp) shall be the aggregate of the Individual Capacity Rebates during Period p.
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