Common use of Obligation on Train Operator to pay Clause in Contracts

Obligation on Train Operator to pay. In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge. In respect of each Relevant Year t, the Train Operator shall pay the amount of any sum S1tω and/or S2tω and/or any Charge Correction Amount payable, as provided in paragraph 18 of the Traction Electricity Rules. The charges will be rounded to the nearest xxxxx. Where a calculation ends up exactly half way between whole numbers it will be adjusted upward.

Obligation on Train Operator to pay. In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge. In respect of each Relevant Year t, the Train Operator shall pay the amount of any sum S1tω and/or S2tω and/or any Charge Correction Amount payable, as provided in paragraph 18 of the Traction Electricity Rules. The charges will be rounded to the nearest xxxxx. Where a calculation ends up exactly half way between whole numbers it will be adjusted upward.upward.‌