Common use of Slot Charge Clause in Contracts

Slot Charge. 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 = ∑𝑆𝑖𝑗𝑡 • 𝑈𝑆𝑖𝑗𝑡 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: 𝑆𝑖𝑗𝑡 = 𝑆𝑖𝑗𝑡−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.

Slot Charge. 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 = ∑𝑆�∑𝑆𝑖𝑖𝑖𝑡 ���𝑡 • 𝑈𝑆𝑖𝑖𝑖𝑡 𝑈𝑆𝑖𝑗𝑡 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 for𝑆𝑖𝑖𝑖𝑡 mula: 𝑆�𝑆𝑖𝑖𝑖𝑡−1 �𝑗𝑡 = 𝑆𝑖𝑗𝑡−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.