Common use of Slot Charge Clause in Contracts

Slot Charge. 4.1 For the purposes of paragraph 1, the term St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the following formula: 𝑆𝑡 = ∑𝑆𝑖𝑖𝑖𝑡 • 𝑈𝑆𝑖𝑖𝑖𝑡 where: Sijt means an amount in respect of the Slot Charge for vehicle type i for journey type j for Relevant Year t, expressed in pounds sterling and rounded to four decimal places, which is derived from the following formula: 𝑆𝑖𝑖𝑖𝑡 = 𝑆𝑖𝑖𝑖𝑡−1 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, Sijt shall have the value of the Slot Charge for vehicle type i and journey type j set out in the section of the Track Usage Price List entitled "Charter Slot Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year Sijt-1 shall have the same value; USijt means the actual number of journeys for the Relevant Year t for vehicle type i for journey type j (referred to in the Track Usage Price List) operated by or on behalf of the Train Operator under this contract; and ∑ means the summation across all relevant vehicle types i and journey types j. 4.2 When a Train Operator Variation Request indicates a requirement for the Service to operate on more than one date, then, provided that all dates of operation fall within the same Timetable Period, the CVL IM may levy and the Train Operator shall pay:

Slot Charge. 4.1 For the purposes of paragraph 1, the term St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the following formula: 𝑆𝑡 = ∑𝑆𝑖∑𝑆𝑖𝑗𝑡 𝑖𝑖𝑡 • 𝑈𝑆𝑖𝑗𝑡 𝑈𝑆𝑖𝑖𝑖𝑡 where: Sijt means an amount in respect of the Slot Charge for vehicle type i for journey type j for Relevant Year t, expressed in pounds sterling and rounded to four decimal places, which is derived from the following fo𝑆𝑖𝑗𝑡 rmula: 𝑆�𝑆𝑖𝑗𝑡−1 �𝑖𝑖𝑡 = 𝑆𝑖𝑖𝑖𝑡−1 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, Sijt shall have the value of the Slot Charge for vehicle type i and journey type j set out in the section of the Track Usage Price List entitled "Charter Slot Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year Sijt-1 shall have the same value; USijt means the actual number of journeys for the Relevant Year t for vehicle type i for journey type j (referred to in the Track Usage Price List) operated by or on behalf of the Train Operator under this contract; and ∑ means the summation across all relevant vehicle types i and journey types j. 4.2 When a Train Operator Variation Request indicates a requirement for the Service to operate on more than one date, then, provided that all dates of operation fall within the same Timetable Period, the CVL IM may lev (a) the Slot Charge as defined in paragraph 4.1 in respect of the first such Service; and (b) for each subsequent Service the Slot Charge shall equal the Repeat Business Slot Charge which is derived from the following formula: where: 𝑅𝑆𝑡 = 𝑅𝑆𝑡−1 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2y and the Train Operator shall pay:

Slot Charge. 4.1 For the purposes of paragraph 1, the term St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the following formula: 𝑆𝑡 = ∑𝑆𝑖∑𝑆𝑖𝑗𝑡 𝑖𝑖𝑡 • 𝑈𝑆𝑖𝑗𝑡 𝑈𝑆𝑖𝑖𝑖𝑡 where: Sijt means an amount in respect of the Slot Charge for vehicle type i for journey type j for Relevant Year t, expressed in pounds sterling and rounded to four decimal places, which is derived from the following fo𝑆𝑖𝑗𝑡 rmula: 𝑆�𝑆𝑖𝑗𝑡−1 �𝑖𝑖𝑡 = 𝑆𝑖𝑖𝑖𝑡−1 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, Sijt shall have the value of the Slot Charge for vehicle type i and journey type j set out in the section of the Track Usage Price List entitled "Charter Slot Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year Sijt-1 shall have the same value; USijt means the actual number of journeys for the Relevant Year t for vehicle type i for journey type j (referred to in the Track Usage Price List) operated by or on behalf of the Train Operator under this contract; and ∑ means the summation across all relevant vehicle types i and journey types j. 4.2 When a Train Operator Variation Request indicates a requirement for the Service to operate on more than one date, then, provided that all dates of operation fall within the same Timetable Period, the CVL IM may lev (a) the Slot Charge as defined in paragraph 4.1 in respect of the first such Service; and (b) for each subsequent Service the Slot Charge shall equal the Repeat Business Slot Charge which is derived from the following formula: • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) where: 𝑡−1 𝐶𝑃𝐼𝑡−2 RSt means an amount in respect of the Repeat Business Slot Charge in Relevant Year t; CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, RSt shall have the value set out in the section of the Track Usage Price List entitled "Charter Repeat Business Slot Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year RSt-1 shall have the same value. 4.3 When a Train Operator Variation Request is received by the CVL IM on or before the Priority Date for the timetable in question, the Slot Charge St shall equal zero.y and the Train Operator shall pay:

Slot Charge. 4.1 For the purposes of paragraph 1, the term St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the following formula: 𝑆𝑡 = ∑𝑆𝑖∑𝑆𝑖𝑗𝑡 𝑖𝑖𝑡 • 𝑈𝑆𝑖𝑗𝑡 𝑈𝑆𝑖𝑖𝑖𝑡 where: Sijt means an amount in respect of the Slot Charge for vehicle type i for journey type j for Relevant Year t, expressed in pounds sterling and rounded to four decimal places, which is derived from the following fo𝑆𝑖𝑗𝑡 rmula: 𝑆�𝑆𝑖𝑗𝑡−1 �𝑖𝑖𝑡 = 𝑆𝑖𝑖𝑖𝑡−1 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, Sijt shall have the value of the Slot Charge for vehicle type i and journey type j set out in the section of the Track Usage Price List entitled "Charter Slot Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year Sijt-1 shall have the same value; USijt means the actual number of journeys for the Relevant Year t for vehicle type i for journey type j (referred to in the Track Usage Price List) operated by or on behalf of the Train Operator under this contract; and ∑ means the summation across all relevant vehicle types i and journey types j. 4.2 When a Train Operator Variation Request indicates a requirement for the Service to operate on more than one date, then, provided that all dates of operation fall within theNetwork Rail same Timetable Period, the CVL IM may lev (a) the Slot Charge as defined in paragraph 4.1 in respect of the first such Service; and (b) for each subsequent Service the Slot Charge shall equal the Repeat Business Slot Charge which is derived from the following formula: 𝑅𝑆𝑡 = 𝑅𝑆𝑡−1 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where:y and the Train Operator shall pay: