VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βπ·ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆππΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 ) πΆππΌπ‘β2 where: CPIt-1 and CPIt-2 have the meanings set out in paragraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
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Samples: Supplemental Agreement, www.orr.gov.uk
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·οΏ½οΏ½ = βπ·ππ‘βββ ππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆ( β1ββ2ππΌπ‘β1βπΆππΌπ‘β2) ππ‘ β1 ) β2 ππ‘β1 has the meaning set out in paragraph Error! Reference source not found. above; ) πΆππΌπ‘β2 whehas re: CPIt-1 anmeaning d CPIt-2 have the meanings set out in pabovearagraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
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Samples: www.orr.gov.uk, tfwrail.wales
VUC Default Charge. For the purposes of paragraph 1Error! Reference source not found., the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βπ·ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆπwhere: πΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 ) πΆππΌπ‘β2 where: CPIt-1 and CPIt-2 have the meanings set out in paragraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
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Samples: www.orr.gov.uk
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βοΏ½βπ·ππ‘ οΏ½ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆππΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 ) πΆππΌπ‘β2 where: CPIt-1 and CPIt-2 have the meanings set out in paragraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
Appears in 1 contract
Samples: Supplemental Agreement
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βοΏ½βπ·ππ‘ οΏ½ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆπwhere: πΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 has the meaning set out in paragraph 2.2 above; ) πΆππΌπ‘β2 whehas re: CPIt-1 anmeaning d CPIt-2 have the meanings set out in pabovearagraph 3.1 of this Part 2, but so that in relation to the Relevant Year202419 commeDnt-1 ncing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
Appears in 1 contract
Samples: www.orr.gov.uk
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βοΏ½βπ·ππ‘ οΏ½ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆπwhere: πΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 has the meaning set out in paragraph 2.2 above; ) πΆππΌπ‘β2 whehas re: CPIt-1 anmeaning d CPIt-2 have the meanings set out in pabovearagraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
Appears in 1 contract
Samples: www.orr.gov.uk
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βπ·ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆπwhere: πΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 has the meaning set out in paragraph Error! Reference source not found. above; ) πΆππΌπ‘β2 whehas re: CPIt-1 anmeaning d CPIt-2 have the meanings set out in pabovearagraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
Appears in 1 contract
Samples: www.orr.gov.uk
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·οΏ½οΏ½ = βπ·ππ‘ββ β ππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: οΏ½π· = π· β (1 + (πΆβ1ββ2ππΌπ‘β1βπΆππΌπ‘β2β1 οΏ½ β2 ) ππ‘ ππ‘β1 has the meaning set out in paragraph Error! Reference source not found. above; ) πΆππΌπ‘β2 whehas re: CPIt-1 anmeaning d CPIt-2 have the meanings set out in pabovearagraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
Appears in 1 contract
Samples: www.orr.gov.uk
VUC Default Charge. For the purposes of paragraph 1, the term Dt means the amount of VUC Default Charge payable in respect of New Specified Equipment in Relevant Year t which is derived from the following formula: π·π‘ = βοΏ½βπ·ππ‘ οΏ½ππ‘βππ·ππ‘ where: Dnt means the VUC Default Rate for that New Specified Equipment for Relevant Year t, expressed in xxxxx per Vehicle Mile and rounded to two decimal places, which is derived from the following formula: π· = π· β (1 + (πΆπwhere: πΌπ‘β1βπΆππΌπ‘β2) ππ‘ ππ‘β1 ) πΆππΌπ‘β2 where: CPIt-1 and CPIt-2 have the meanings set out in paragraph 3.1 of this Part 2, but so that in relation to the Relevant Year commencing on 1 April 2019, Dnt shall have, in respect of New Specified Equipment, the corresponding VUC Default Rate for that New Specified Equipment, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year Dnt-1 shall have the same value; UDnt means the actual volume of usage of New Specified Equipment in Vehicle Miles during the VUC Default Period in Relevant Year t operated by or on behalf of the Train Operator; and β means the summation across all relevant New Specified Equipment.
Appears in 1 contract
Samples: www.orr.gov.uk