Principal formula. 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.
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Samples: www.orr.gov.uk, www.orr.gov.uk, tfwrail.wales
Principal formula. 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: ππ‘ = ππ‘ + whereπ·π‘ + πΈπ΄ππ‘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 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; and EAVt means an amount in respect of the Electrification Asset Usage Charge, calculated in accordance with the formula in paragraph 8.
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Samples: Supplemental Agreement
Principal formula. 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: ππ‘ = ππ‘ + π·π‘ 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.
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Samples: www.orr.gov.uk