Reconciliation Payment. Within 28 days after the end of the Interim Period, Network Rail shall calculate whether a reconciliation payment is due to or from the Train Operator. In order to calculate such reconciliation payment, Network Rail shall compare (i) the sums paid by the Train Operator during the interim period, with (ii) the sums which would have been payable if the amendments required by either paragraphs 3.3(a) or (b) above had taken effect on the date(s) stipulated in the Proposed Review Notice, and shall provide to the Train Operator: a statement of the amount due to or from the Train Operator; and such background data and workings as may reasonably be required for a proper understanding of the calculation. Within 14 days after the date upon which Network Rail shall have provided to the Train Operator the information referred to in paragraph 3.4(a) above, the Train Operator shall notify Network Rail of any aspects of the statement which it disputes, giving reasons for any dispute. Save to the extent that disputes are so notified, the Train Operator shall be deemed to have agreed the contents of the statement. If any dispute is notified under paragraph 3.4(b) above it shall be resolved according to the following procedure:
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Samples: www.orr.gov.uk, www.orr.gov.uk, www.orr.gov.uk
