Cancellation Sum definition

Cancellation Sum means the Cancellation Sum specified in Appendix 1 to Schedule 8, as adjusted under paragraph 2.7.2 of Schedule 7;
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Cancellation Sum means the Cancellation Sum specified in Appendix 1 to Schedule 8, as adjusted under: paragraph ‎2.7.2 of Schedule 7 of the Network Rail TAC (Freight Services) where the Network Rail TAC (Freight Services) applies pursuant to paragraph 1A of Schedule 8; or paragraph ‎2.7.2 of Schedule 7 where the Network Rail TAC (Freight Services) does not apply pursuant to paragraph 1A of Schedule 8;
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Cancellation Sum means the Cancellation Sum specified in Appendix 1 to Schedule 8, as adjusted under paragraph 2.7.2 of Schedule 7, expressed in pounds sterling and rounded to zero decimal places;
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Examples of Cancellation Sum in a sentence

  • Network Rail shall not be liable to the Train Operator for a Service Variation Sum if, following the Service Variation, the Train Operator is entitled to a Late Notice Cancellation Sum in respect of the Combined Network Diverted Service.

  • The CVL IM shall not be liable to the Train Operator for a Service Variation Sum if, following the Service Variation, the Train Operator is entitled to a Late Notice Cancellation Sum in respect of the Diverted Service.

  • The Late Notice Cancellation Sum in respect of each Late Notice Cancellation shall be £1,749.

  • Network Rail shall not be liable to the Train Operator for a Service Variation Sum if, following the Service Variation, the Train Operator is entitled to a Late Notice Cancellation Sum in respect of the Diverted Service.

  • CVL IM Cap [to be agreed] Prolonged Disruption Amount means an amount equal to the Late Notice Cancellation Sum.

  • The Late Notice Cancellation Sum in respect of each Late Notice Cancellation shall be £[To be determined] The Baseline Annual Contract Mileage shall be that number approved or determined by ORR in due course and which shall take effect from 1 April 2024.

  • Subject to paragraphs 8.2.2, 8.2.3 and 8.3 below, and paragraphs 4.5, 5.6 and 7.4 of Schedule 4, Network Rail shall be liable in any Charging Period for the Cancellation Sum in respect of each Cancellation of a Service Planned to depart its Origin in that Charging Period.

  • The Cancellation Sum shall be calculated as follows: the Cancellation Sum shall be £2,025 for each Combined Network Cancellation below the Cancellation Threshold; the Cancellation Sum shall be £5,401 for each Combined Network Cancellation equal to or above the Cancellation Threshold; and the "Cancellation Threshold" in any Charging Period shall be 0.40 per cent of the total number of Combined Network Services operated by the Train Operator in that Charging Period.

  • The Late Notice Cancellation Sum in respect of each Combined Network Late Notice Cancellation shall be £1,749.

  • Subject to paragraphs 8.2.2, 8.2.3 and 8.3 below, and paragraphs 4.5, 5.6 and 7.4 of Schedule 4, the CVL IM shall be liable in any Charging Period for the Cancellation Sum in respect of each Cancellation of a Service Planned to depart its Origin in that Charging Period.


More Definitions of Cancellation Sum

Cancellation Sum means the lower of:
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