Common use of Statement of Adjustment Clause in Contracts

Statement of Adjustment. 11. If Condition B3.3 of the CVL Network Code (Adjustment to prior results) applies in respect of all or part of a Charging Period, the CVL IM shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to any Performance Sums, Cancellation Sums, Late Notice Cancellation Sums, Normal Planned Disruption Sums, Enhanced Planned Disruption Sums, Disruption Sums and Prolonged Disruption Sums already paid in respect of the Charging Period.

Statement of Adjustment. 11. If Condition B3.3 of the CVL Network Code (Adjustment to prior results) applies in respect of all or part of a Charging Period, the CVL IM or its nominee shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to any Performance Sums, Cancellation Sums, Late Notice Cancellation Sums, Normal Planned Disruption Sums, Enhanced Planned Disruption Sums, Disruption Sums and Prolonged Disruption Sums already paid in respect of the Charging Period.