Electrification Asset Usage Charge definition
Examples of Electrification Asset Usage Charge 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.
Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period.
The Train Operator shall pay or procure the payment to Network Rail of: the Variable Usage Charge; the Traction Electricity Charge; not used; the Electrification Asset Usage Charge; the Slot Charge; the Cancellation Charge; and any other sums which have fallen due in accordance with any provision of this contract, attributable to any Period as invoiced by Network Rail on or after expiry of each such Period within 21 days of the invoice date or 28 days after the end of the Period, whichever is later.
For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: Electrification Asset Usage Charge = Σ EVtk .
In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Freight Capacity Charge (where applicable, for the Relevant Year ending 31 March 2019), the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge.