Benchmarked Values definition

Benchmarked Values means the figures set out in columns B to I (inclusive) of Schedule 6 to the Contract;"Cancelled Train"means:(a) in relation to a Train scheduled in the Applicable Timetable, failure of the Train to set down or pick up passengers at a station in accordance with the Applicable Timetable; or(b) in relation to a Train scheduled in the Applicable Timetable to leave HS1, failure of the Train to cross the Channel Tunnel Boundary or the NR Boundary as specified in the Applicable Timetable; "Cancellation Minutes" means, in relation to a Cancelled Train, the number of Cancellation Minutes specified in column F of the table at Schedule 6 to the Contract for Trains of its Traffic Type;"Channel Tunnel Boundary"means the point on HS1 at which trains:(a) travelling from France begin to be controlled by the HS1 signalling system (such part being block section marker "AF 362"); or(b) travelling towards France cease to be so controlled (such point being block section marker "AF 366");"HS1 Ltd Excluded Incidents"means any one or more:(a) incidents resulting in the late presentation of a Train onto HS1 from either the Channel Tunnel Boundary or the NR Boundary and recorded as Minutes Delay at the first Recording Point triggered by that Train after it crosses onto HS1 from the Channel Tunnel Boundary or the NR Boundary except where the Minutes Delay and/or Cancelled Trains are a direct result of an incident for which HS1 Ltd is allocated responsibility in accordance with paragraph 4.2; and(b) third party incidents occurring off HS1 including fires and gas leaks originating off HS1;"Material Change"means:(a) a significant physical modification to the Network resulting in a material change in the performance andreliability of HS1 unless, in the case of a review notice served by HS1 Ltd, the same was caused by a failure of HS1 Ltd to maintain HS1 in accordance with the Contract; or(b) a physical modification to HS1 due to an inherent defect in the construction of the Network unless, in the case of a review notice served by HS1 Ltd, the same was caused by a failure of HS1 Ltd to maintain it in accordance with the Contract; or(c) an increase or decrease of not less than 4% in the number of timetabled train movements on HS1 in any Timetable Year (as reflected in the Working Timetable which takes effect on the Principal Change Date and as if the Services set out in that Working Timetable were to be operated until the next Principal Change Date); or(d) a significant change in the per...
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Benchmarked Values means the figures set out in columns B to I (inclusive) of Schedule 6 to the Contract;
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Benchmarked Values means the figures set out in columns B to I (inclusive) of Schedule 6 to the Contract; "Cancelled Train" means:(a) in relation to a Train scheduled in the Applicable Timetable, failure of the Train to set down or pick up passengers at a station in accordance with the Applicable Timetable; or(b) in relation to a Train scheduled in the Applicable Timetable to leave HS1, failure of the Train to cross the Channel Tunnel Boundary or the NR Boundary as specified in the Applicable Timetable; "Cancellation Minutes" means, in relation to a Cancelled Train, the number of Cancellation Minutes specified in column F of the table at Schedule 6 to the Contract for Trains of its Traffic Type; "Channel Tunnel means the point on HS1 at which trains:
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Examples of Benchmarked Values in a sentence

  • The Benchmarked Values may be recalibrated in accordance with the terms of this paragraph 9.

  • Following a Material Change, either party shall be entitled to require that the Benchmarked Values are recalibrated in accordance with this paragraph 9 by serving a Proposal for Change pursuant to Part C of HS1 Network Code, the purpose of which is to determine what changes, if any, should be made to Schedule 6 to the Contract as a consequence of such Material Change having regard to the fact that the caps on liability are not subject to review.

  • It is acknowledged that any recalibration of the Benchmarked Values in relation to one track access contract may affect other train operators under other track access contracts and that those affects and the consequent changes required in relation to those other contracts may all require to be taken into account as part of any such process.

Related to Benchmarked Values

  • Benchmarked Price means the higher of:

  • Benchmarked Rates means the Framework Prices for the Benchmarked Goods and/or Services

  • Benchmarker means the person appointed by the PCC to conduct the Benchmark Review.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Approved Valuation Firm means (a) each of (i) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx, (ii) Lincoln International LLC (f/k/a Lincoln Partners LLC), (iii) Duff & Xxxxxx Corp. and (iv) Valuation Research Corporation, and (b) any other nationally recognized valuation firm approved by each of the Borrower and the Administrative Agent in their sole reasonable discretion.

  • Methodology means the process used by the Steward to determine its calculation of its Supplied quantity of Designated Printed Paper and Packaging, including, but not limited to, data sources, percentage allocation of data reported, data collection systems, and the use of calculators, worksheets, commercial software, or mathematical formulae.

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Principle-based valuation means a reserve valuation that uses one or more methods or one or more assumptions determined by the insurer and that is required to comply with subsection 15 as specified in the valuation manual.

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Valuation Price means in respect of a Valuation Date and any relevant Scheduled Trading Day, the price of the Reference Asset at the Valuation Time on such day, as determined by the Determination Agent.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Adjusted Value as used in subdivision (d) means:

  • Benchmarking Report means the report produced by the Supplier following the Benchmark Review and as further described in this Framework Schedule 7;

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Initial Valuation means, when used with reference to specified Collateral, the Valuation initially performed for the Collateral as of the date on which the Collateral was added to the Collateral Pool. The Initial Valuation for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Assumed Reinvestment Rate one-twelfth (1/12) of the yield rate, as of the date 5 Business Days before the Prepayment Date, on the Treasury Security, as reported in The Wall Street Journal, expressed as a decimal calculated to five digits. In the event that no yield is published on the applicable date for the Treasury Security, Lender, in its discretion, shall select the non-callable Treasury Security maturing in the same year as the Treasury Security with the lowest yield published in The Wall Street Journal as of the applicable date. If the publication of such yield rates in The Wall Street Journal is discontinued for any reason, Lender shall select a security with a comparable rate and term to the Treasury Security. The selection of an alternate security pursuant to this Section shall be made in Xxxxxx’s discretion.

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Valuation Firm has the meaning set forth in Section 1.6(c)(ii).