Principal formula. 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.
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Samples: www.orr.gov.uk, tfw.wales, www.orr.gov.uk
Principal formula. For each Relevant Year, the CVL IM shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: ποΏ½οΏ½ = οΏ½οΏ½οΏ½οΏ½ + οΏ½οΏ½π‘ + 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.
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Samples: tfwrail.wales