Incident Cap definition

Incident Capย in respect of each Financial Year, means the Incident Cap selected by the Train Operator in accordance with paragraph 11.1; "Incident Cap Notice" has the meaning ascribed to it in paragraph 11.1.2; "Initial Incident Cap Notice" has the meaning ascribed to it in paragraph 11.1.1;
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Examples of Incident Cap in a sentence

  • For the purposes of determining the Indemnity Incident Cap under Clause 11.6.5, the applicable Contract Year shall be the Contract Year in which the relevant incident, event or circumstance begins to occur.

  • 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: ๐ผ๐‘›๐‘๐‘–๐‘‘๐‘’๐‘›๐‘ก ๐ถ๐‘Ž๐‘ ๐ด๐‘๐‘๐‘’๐‘ ๐‘  ๐ถโ„Ž๐‘Ž๐‘Ÿ๐‘”๐‘’ ๐‘†๐‘ข๐‘๐‘๐‘™๐‘’๐‘š๐‘’๐‘›๐‘ก = ๐ถ๐‘€๐ถ๐‘ƒ ร— ๐ผ๐ถ๐ด๐ถ๐‘†๐‘… where: CMCP means the sum of the Contract Miles operated in a Charging Period; and ICACSR means the Incident Cap Access Charge Supplement Rate.

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

  • 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 Planned Incident Cap Access Charge Supplement Rate applicable to the Train Operator under this contract shall be the rate set out in the column adjacent to the Planned Service Incident Cap selected by the Train Operator in the Initial Planned Service Incident Cap Notice until it is replaced by a different level of Planned Service Incident Cap selected by the Train Operator in a Planned Service Incident Cap Notice issued pursuant to paragraph 9.1.2.

  • On or before the date on which this paragraph 11.1 takes effect, the Train Operator shall notify the CVL IM in writing of the level of Incident Cap it wishes to apply (the "Initial Incident Cap Notice").

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

  • For the purposes of this paragraph 4, the aggregate Minutes Delay to Third Party Trains Attributable to the Train Operator arising as a result of any one incident or event shall be capped at the Incident Cap, so that any such minutes in excess of the Incident Cap shall be disregarded.

  • On or before the date on which this paragraph 9.1 takes effect, the Train Operator shall notify Network Rail in writing of the level of Planned Service Incident Cap it wishes to apply (the โ€œInitial Planned Service Incident Cap Noticeโ€).