Principal formula. 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; 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.
Appears in 6 contracts
Samples: Track Access Contract, Track Access Contract, Track Access Contract
