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. No Track Charges shall be payable by the Train Operator in respect of a Train Slot when the train has not reached its Planned Destination for a reason which is Attributable to Network Rail. Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period. If, at the time that Network Rail issues any invoice pursuant to paragraph 2.1.3, any amount under the Traction Electricity Rules is payable by either party to the other, that invoice shall also reflect any amount under the Traction Electricity Rules payable by either party to the other.

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 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. No Track Charges shall be payable by the Train Operator in respect of a Train Slot when the train has not reached its Planned Destination for a reason which is Attributable to Network Rail. Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period. If, at the time that Network Rail issues any invoice pursuant to paragraph 2.1.3, any amount under the Traction Electricity Rules is payable by either party to the other, that invoice shall also reflect any amount under the Traction Electricity Rules payable by either party to the other.

Obligation on Train Operator to pay. 2.1.1 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 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. . 2.1.2 No Track Charges shall be payable by the Train Operator in respect of a Train Slot when the train has not reached its Planned Destination for a reason which is Attributable to Network Rail. . 2.1.3 Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period. . 2.1.4 If, at the time that Network Rail issues any invoice pursuant to paragraph 2.1.3, any amount under the Traction Electricity Rules is payable by either party to the other, that invoice shall also reflect any amount under the Traction Electricity Rules payable by either party to the other.