Principal formula.Β For each Relevant Year, Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: ππ‘ = ππ‘ + ππ‘ + πΈπ‘ + πΈπ΄ππ‘ + πΆπ‘ where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1; Et means an amount in respect of the Traction Electricity Charge for the Relevant Year t which is derived from the formula in paragraph 6.1; EAVt means an amount in respect of the Electrification Asset Usage Charge for Relevant Year t which is derived from the formula in paragraph 7.1; and Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1.
Principal formula.Β For each Relevant Year, the CVL IM shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: ππ‘ = ππ‘ + ππ‘ + πΆπ‘ where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1 and Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1.
Principal formula.Β 1.1 During each Relevant Year, the CVL IM shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: = + where: Tt means Track Charges in Relevant Year t; Vt means an amount in respect of the Variable Usage Charge in Relevant Year t which is derived from the formula in paragraph 3.1 Dt means an amount (if any) in respect of the VUC Default Charge in Relevant Year t which is calculated in accordance with paragraph 3.3.
Principal formula.Β During each Relevant Year (and, in respect of Ft, prorationed for each day of any period of this contract comprising less than a full Relevant Year), Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: ππ‘ = πΉπ‘ + πΉππ‘ + ππ‘ + π·π‘ + πΈπ‘ + πΈπ΄ππ‘ β ππ‘ where: Tt means Track Charges in Relevant Year t; Ft means an amount in respect of the Fixed Track Charge in Relevant Year t, expressed in pounds sterling and rounded to two decimal places, which shall be :
Principal formula.Β Each Partnerβs Annual Reconciliation Amount (PARy) for each Contract Year shall be calculated using the following formula: PARy = PAUPy β PMPy β PQPy Where: PARy = the Partnerβs Annual Reconciliation Amount PAUPy = the Partnerβs Annual Unitary Payment due for the relevant Contract Year calculated in accordance with paragraph 3 of this Schedule 11 PMPy = the aggregate of the Partnerβs Monthly Payments (PMPt) in respect of the relevant Contract Year, calculated in accordance with paragraph 4 of this Schedule 11 PQPy = the aggregate of the Partnerβs Quarterly Payments (PQPq) in respect of the relevant Contract Year, calculated in accordance with paragraph 5 of this Schedule 11 7. MONTHLY ADJUSTMENTS Monthly Adjustments shall be made for each Partner's share of Performance Standard Deductions in respect of the Services not being delivered in accordance with Key Performance Indicators (KPIs), calculated in accordance with [paragraph 11] of the Project Agreement Payment Mechanism, Transport Adjustments in respect of costs incurred by the Partners as a result of diversion of Contract Waste from Delivery Points and Deductions for Non-Acceptance of Contract Waste by the Contractor pursuant to paragraph [12] of the Project Agreement Payment Mechanism. Monthly Adjustments in respect of each Payment Period (PMAt) shall be applied to the Quarterly Payment for the Quarterly Period in which they occur.
Principal formula.Β Each Partnerβs Monthly Payment for each Payment Period shall be calculated using the following formula: PMP = PUC m m + PNNDR - PR1D m m Where: PMPm = the Monthly Payment payable by the Partner for the relevant Payment Period 'm' PUCm = the amount due by the Partner in respect of the Unitary Charge in the relevant Payment Period 'm' calculated in accordance with paragraph 4.2 of this schedule 11 PNNDR m = the NNDR cost payable by each Partner in the relevant Payment Period 'm' calculated in accordance with paragraph 4.4 of this schedule 11 PR1D m = the Partnerβs allocation of the R1 Deduction (R1Dm) calculated in accordance with paragraph 3.13 of this schedule 11
Principal formula.Β β The Train Operator shall pay to HS1 Ltd Track Charges in respect of each Period p in accordance with the following formula: Tp = IRCp + OMRCp + Ep + CRCp β CRRp + CTp + OSCp + CCp where: Tp means the Track Charges in respect of Period p; IRCp means the IRC in respect of Period p, calculated in accordance with the provisions of paragraph 2.1 and charged in advance of the commencement of each Advance Period;
Principal formula.Β For each Relevant Year, Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: = + + + + + + where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1; Et means an amount in respect of the Traction Electricity Charge for the Relevant Year t which is derived from the formula in paragraph 6.1; EAVt means an amount in respect of the Electrification Asset Usage Charge for Relevant Year t which is derived from the formula in paragraph 7.1; Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1; Kt means an amount in respect of the Charter Capacity Charge for the Relevant Year t which is derived from the formula incalculated in accordance with paragraph 8.18; and KWt means an amount in respect of the Charter Capacity Charge Wash-Up for the Relevant Year t which is derived from the formula incalculated in accordance with paragraph 8.2.28.
