Common use of Principal formula Clause in Contracts

Principal formula. 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: 𝑇𝑡 = 𝐹𝑡 + 𝐹𝑊𝑡 + 𝑉𝑡 + 𝐷𝑡 + 𝐸𝑡 + 𝐸𝐴𝑉𝑡 − 𝑊𝑡 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. 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: 𝑇𝑡 = 𝐹�� + 𝐹𝑊𝑊𝑡 𝐹𝑊𝑡 + 𝑉𝑡 + 𝐷𝑡 + ��𝑡𝑊𝑊𝑡 + 𝐸𝐴𝑉𝑡 − 𝑊𝑡 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 placbees, which shall be :

Principal formula. 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: 𝑇�� = ���� + 𝐹𝑊�� + ���� + ��𝑡 + 𝐸𝑡, + 𝐸𝐴𝑉𝑡 − 𝑊𝑡 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 placbees, which shall be :

Principal formula. 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: 𝑇�� = ���� + 𝐹𝑊�� + ���� + ��𝑡 + ��𝑡 + 𝐸𝐴𝑉𝑡 − 𝑊𝑡 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 placbees, which shall be :