Common use of Cancellation Sum Clause in Contracts

Cancellation Sum. The Cancellation Sum shall be calculated as follows: the Cancellation Sum shall be £2,025 for each Combined Network Cancellation below the Cancellation Threshold; the Cancellation Sum shall be £5,401 for each Combined Network Cancellation equal to or above the Cancellation Threshold; and the "Cancellation Threshold" in any Charging Period shall be 0.40 per cent of the total number of Combined Network Services operated by the Train Operator in that Charging Period.

Cancellation Sum. The Cancellation Sum shall be calculated as follows: the Cancellation Sum shall be £2,025 2,444 for each Combined Network Cancellation below the Cancellation Threshold; the Cancellation Sum shall be £5,401 6,520 for each Combined Network Cancellation equal to or above the Cancellation Threshold; and the "Cancellation Threshold" in any Charging Period shall be 0.40 0.56 per cent of the total number of Combined Network Services operated by the Train Operator in that Charging Period.

Cancellation Sum. The Cancellation Sum shall be calculated as follows: the Cancellation Sum shall be £2,025 for each Combined Network Cancellation below the Cancellation Threshold; the Cancellation Sum shall be £5,401 for each Combined Network Cancellation equal to or above the Cancellation Threshold; and the "Cancellation Threshold" in any Charging Period shall be 0.40 per cent of the total number of Combined Network Services operated by the Train Operator in that Charging Period.