Charging Period definition

Charging Period means the charging period applicable to Customer’s Service, as specified on the Order (and if not specified, a monthly Charging Period applies).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Charging Period means each period of 28 days which coincides with a Network Rail accounting period save that:

Charging Period means a period of one calendar month;

Examples of Charging Period in a sentence

• In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge.

• The Incident Cap Access Charge Supplement shall be calculated in accordance with the following formula: 𝐼𝑛𝑐𝑖𝑑𝑒𝑛𝑡 𝐶𝑎𝑝 𝐴𝑐𝑐𝑒𝑠𝑠 𝐶ℎ𝑎𝑟𝑔𝑒 𝑆𝑢𝑝𝑝𝑙𝑒𝑚𝑒𝑛𝑡 = 𝐶𝑀𝐶𝑃 × 𝐼𝐶𝐴𝐶𝑆𝑅 where: CMCP means the sum of the Contract Miles operated in a Charging Period; and ICACSR means the Incident Cap Access Charge Supplement Rate.

• Subject to paragraphs 7.3 and 7.4, Network Rail shall be liable in any Charging Period for a Service Variation Sum in respect of each Service Variation relating to a Combined Network Service Planned to depart its Origin in that Charging Period.

• The Aggregate Net Liability of the CVL IM for a Performance Sum in respect of any Charging Period shall not exceed the CVL IM Charging Period Limit.

• Subject to paragraphs 7.3 and 7.4, the CVL IM shall be liable in any Charging Period for a Service Variation Sum in respect of each Service Variation relating to a Service Planned to depart its Origin in that Charging Period.

More Definitions of Charging Period

Charging Period means each period of 28 days which coincides with a CVL IM accounting period save that:

Charging Period means a calendar month save that the first period may be of less than a calendar month if the Effective Date does not coincide with the first day of a calendar month;

Charging Period means each period of [Insert period] year[s] starting on the Commencement Date (including the Initial Subscription Term );

Charging Period means each period in respect of which the airport levy is payable, as specified in the Schedule to these Regulations;

Charging Period means the period during which charges for transactions and Debit Interest and fees on Your Account accrue before We debit those amounts from Your Account;

Charging Period means a calendar month save that the first period and the last period may be of less than a calendar month if the Effective Date does not coincide with the first day of a calendar month or the Expiry Date does not coincide with the last day of a calendar month;

Charging Period means the period of time for which an Adviser Charge is payable as agreed by the Financial Adviser and the Client (for example, one month, one quarter, six months, or one year).