Network Rail Cap means the higher of:
Network Rail Cap means the Network Rail Cap specified in Appendix 1 and in respect of the first and last Financial Year means the Network Rail Cap specified in Appendix 1 multiplied by the Adjustment Fraction, as adjusted under paragraphs 2.7.1 and 2.7.2 of Schedule 7 and paragraph 10.2 of this Schedule 8, expressed in pounds sterling and rounded to zero decimal places;
Network Rail Cap means the Network Rail Cap specified in Appendix 1, as adjusted under paragraph 2.7.2 of Schedule 7 and paragraph10.2 of this Schedule 8, save that, in respect of the first and last Financial Year, the Network Rail Cap shall be that specified in Appendix 1 multiplied by the Adjustment Fraction;
Examples of Network Rail Cap in a sentence
In respect of any Financial Year, the Aggregate Net Liability of Network Rail under this paragraph 9.1 shall not exceed the Network Rail Cap.
More Definitions of Network Rail Cap
Network Rail Cap has the meaning ascribed to it in Schedule 8;
Network Rail Cap means the higher of: (a) £100,000; or
Network Rail Cap means the higher of: 3 The Liquidated Damages Payment Date recognises that the date on which LD's become payable may not be the same date as the Completion Date. The date should be the date the Customer would start incurring financial losses.
Network Rail Cap means the Network Rail Cap specified in Appendix 1 and in respect of the first and last Financial Year means the Network Rail Cap specified in Appendix 1 multiplied by the Adjustment Fraction, as adjusted under paragraphs 2.7.1 and 2.7.2 of Schedule 7 and
Network Rail Cap means, in respect of a Planned Service, the amount specified in Appendix 8A as the Network Rail Cap for that Planned Service (as adjusted in accordance with paragraph 7);“Network Rail Payment Rate”means, in respect of a Planned Service, the rate, expressed as pounds per NR Performance Minute, specified in Appendix 8A as the Network Rail Payment Rate for that Planned Service (as adjusted in accordance with paragraph 7);“NR Performance Minute”has the meaning set out in paragraph 3.1;“Performance Minutes”means the minutes allocated to Network Rail under paragraph 3.1 or, as the case may be, the minutes allocated to the Train Operator under paragraph 4.1, and “Performance Minute” shall be construed accordingly;“Performance Sum”means an amount for which Network Rail or the Train Operator is liable under paragraphs 3 or 4 following a Period in relation to Minutes Delay in that Period and the preceding Periods, as adjusted in accordance with paragraph 8;“Period”means each consecutive period of 28 days during the term of this contract commencing at 0000 hours on 1 April in each year, provided that the length of the first and last such Period in any year may be varied by up to seven days on reasonable prior notice from Network Rail to the Train Operator;“Planned”means entered into the Applicable Timetable;“Planned Incident”means an incident described as such in paragraph 6.6;“Planned Service”means a passenger carrying Service (excluding any Ancillary Movement) of the Train Operator under this contract which is entered in the Applicable Timetable;“Planned Service Cancellation”means the Cancellation or Termination of a Planned Service;“Planned Service Incident Cap”means, in respect of a Planned Service (and its associated Ancillary Movements) operated by or on behalf of the Train Operator, the Planned Service Incident Cap selected by the Train Operator in accordance with paragraph 9.1;“Planned Service Incident Cap Notice”has the meaning ascribed to it in paragraph 9.1.2;“Recording Point”means a location at which Network Rail records the times at which trains arrive, pass or depart that location;“Recovery Time”means additional time incorporated into the Applicable Timetable to allow a train to regain time lost earlier in its journey as a result of a Restriction of Use;“Restriction of Use”means any restriction of use of all or any part of the Network for the purposes of, or in connection with, inspection, maintenance, renewal or repair of the Network or any other works...