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Category 3 Disruption Trigger definition

Category 3 Disruption Trigger means where the Train Operator incurs Actual Costs as a consequence of any Category 3 Disruption arising from a single Network Rail Early Notice Possession;
Category 3 Disruption Trigger means where the difference between the aggregate of the Enhanced Planned Disruption Sums due to the Train Operator for all Revised Base Services attributable to any Category 3 Disruption arising from a single Network Rail Early Notice Possession and the Train Operator’s Actual Costs for those relevant Revised Base Services attributable to such Category 3 Disruptions is more than £[•];
Category 3 Disruption Trigger means where the difference between the aggregate of the Enhanced Planned Disruption Sums due to the Train Operator for all Revised Base Services attributable to any Category 3 Disruption arising from a single Network Rail Early Notice Possession and the Train Operator’s Actual Costs for those relevant Revised Base Services attributable to such Category 3 Disruptions is more than £[•];

Examples of Category 3 Disruption Trigger in a sentence

  • In case of getting the food carrying it back home for other family members was not possible.

  • If the Train Operator reasonably believes or expects that the Category 3 Disruption Trigger will be satisfied then the Train Operator will be entitled to serve an Actual Costs Claim Notice.

Related to Category 3 Disruption Trigger

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Step Up Rating Change means the first public announcement by S&P or Fitch or, if applicable, any other Rating Agency appointed by or with the consent of the Issuer of a decrease in the credit rating of the Issuer's senior unsecured long-term debt to below BBB- (in the case of S&P) or below Baa3 (in the case of Moody's) or below BBB- (in the case of Fitch). For the avoidance of doubt, any further decrease in the credit rating of the Issuer's senior unsecured long-term debt below BBB- in the case of S&P or, if applicable, below Baa3 in the case of Moody's or below BBB- in the case of Fitch and in respect of any other Substitute Rating Agency, an equivalent rating or below shall not constitute a further Step Up Rating Change.

  • FX Market Disruption Event means each of the following events:

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Index Replacement Event means each of the following events: