Network Rail Possessions. (a) Within 14 days after the end of each Period, Network Rail shall provide to Nexus a statement showing: (i) all Network Rail Possessions taken during that Period, distinguishing between those Network Rail Possessions within the Possessions Allowance and those Network Rail Possessions outside the Possessions Allowance; (ii) all Competent Authority Possessions taken during that Period; and (iii) any compensation payable in respect of the Network Rail Possessions identified as falling outside the Possessions Allowance; in sufficient detail to enable Nexus to make an informed assessment thereof. (b) The aggregate liabilities of Network Rail and Nexus, in respect of any and all compensation for which either is liable to the other under this Part 1 of Schedule 4 in respect of each Period shall, to the extent that such compensation is not under dispute, be set off against each other and the balance, if any, shall be payable by Network Rail or Nexus, as the case may be, within 35 days after the end of that Period.
Appears in 4 contracts
Samples: Track Access Agreement, Track Access Agreement, Track Access Agreement
