Fixed Track Charge definition

Fixed Track Charge means a fixed annual charge, calculated in accordance with paragraph 1 of Part 2;
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Fixed Track Charge means a fixed annual charge, calculated in accordance
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Examples of Fixed Track Charge in a sentence

  • The fixed track charge for each contract Year shall be £6,705 multiplied by the Fixed Track Charge Indexation calculated in accordance with paragraph 2.

  • The Fixed Track Charge Indexation for each contract Year shall be derived from the following formula: ) ● = (1 +(−1−2018) 2018 where: FTCIt means the Fixed Track Charge Indexation in contract Year t; CPIt-1 means the CPI published or determined with respect to the month of November in the calendar year in which contract Year t-1 commenced; and CPI2018 means the CPI published or determined with respect to the month of November 2018.

  • The Fixed Track Charge Indexation in respect of the Relevant Year commencing on 1 April 2019 shall be derived from the following formula: 𝐹𝑇𝐶𝐼2019 = 𝐼𝑛𝑖𝑡𝑖𝑎𝑙 𝐼𝑛𝑑𝑒𝑥𝑎𝑡𝑖𝑜𝑛 𝐹𝑎𝑐𝑡𝑜𝑟 where: FTCI2019 means the Fixed Track Charge Indexation in respect of the Relevant Year commencing on 1 April 2019.

  • It shall be a Change if there is any change in the Fixed Track Charge as a result of the transfer of the Transferring Services to West Coast Trains Limited.

  • The Fixed Track Charge Indexation in respect of the Relevant Year commencing on 1 April 2019 shall be derived from the following formula: 2019 = ݊ℏݐℏ݈ ݊ݐℏ݋݊ ݐ݋ݎ where: FTCI2019 means the Fixed Track Charge Indexation in respect of the Relevant Year commencing on 1 April 2019.