Long Term Charge definition

Long Term Charge means the amount set out in paragraph 3 of Annex 9 subject to variation in accordance with Condition F11.2;
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Long Term Charge means the amount specified in paragraph 2 of Annex 8 subject to variation in accordance with Condition 42.2;
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Long Term Charge shall have the meaning given to it in the Station Access Conditions;
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Examples of Long Term Charge in a sentence

  • The applicable track access charges and station Long Term Charge were approved by ORR and DfT respectively for Control Period 3 (01 April 2020 – 31 March 2025) and remain constant in real terms over this period.

  • If a relevant change of law occurs after the Long Term Charge Commencement Date, Lt in any relevant year shall be the relevant amount.

  • The applicable charges for services stopping at a Station are the Long Term Charge (“LTC”) and Qualifying Expenditure (“Qx”).

  • Long Term Charge (“LTC”) LTC covers expected expenditure on asset repair and renewal activities at Stations over a 40 year horizon.

  • The applicable track access charges and station Long Term Charge were approved by ORR for Control Period 2 (01 April 2015 – 31 March 2020) and remain constant in real terms over this period.

  • The charge enables us to recover the maintenance, renewal and repair (MRR) expenditure associated with all the stations that it owns.The Long Term Charge is regulated and set by ORR for each control period.

  • As part of PR13, ORR determined the level of Long Term Charge income from 2014 to 2019.

  • The applicable charges for services stopping at a station are the Long Term Charge (“LTC”) and Qualifying Expenditure (“Qx”).

  • The applicable charges for services stopping at a station are the Long Term Charge (“LTC”) and Qualifying Expenditure (“Qx”).Long Term Charge (“LTC”) LTC covers expected expenditure on asset renewal activities at stations over a 50 year horizon.

  • An average renewal costs for each asset system has then been used to calculate track access charges.HAL will perform a contractual review (true up/down) , via the Track and Station Access Agreements, to the Fixed Track Access Charge and Station Long Term Charge every five years or at the end of the contract, whichever is soonest.


More Definitions of Long Term Charge

Long Term Charge means the amount specified in paragraph 2 of Annex 8 subject to variation in accordance with Conditions 42.2 and 43A;
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Related to Long Term Charge

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • Monthly Charge shall have the meaning set forth in Article 5.