Network Rail Payment Rate definition

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), expressed in pounds sterling and rounded to two decimal places;
Sample 1Sample 2Sample 3
Network Rail Payment Rate means the Network Rail Payment Rate specified in Appendix 1, as adjusted under paragraphs 2.7.1 and 2.7.2 of Schedule 7;
Sample 1Sample 2Sample 3
Network Rail Payment Rate means the Network Rail Payment Rate specified in Appendix 1, as adjusted under paragraph 2.7.2 of Schedule 7;
Sample 1Sample 2Sample 3

Examples of Network Rail Payment Rate in a sentence

  • The first stage processes revenue data from Lennon into flows with known Generalised Journey Time (GJT), distance, geography and other characteristics used to calculate their Marginal Revenue Effect (MRE) – i.e. their contribution to the overall Network Rail payment rate – plus the associated revenue; the second calculates the MRE for each flow and then aggregates these to arrive at an overall Network Rail Payment Rate for each Service Group.

  • To produce a financial result under Clause 9 of Schedule 8, one has to apply the Network Rail "Payment Rate" in Appendix 1 to Schedule 8 which totals £18,925.89.

  • These parameters are:• Network Rail Payment Rate (NRPR): the cost per day for each service group of the change in NR-caused weighted average lateness of 1 minute.

  • In Chapman IV, this Court reviewed on certiorari an appeal from the denial of Chapman’s motion for post-conviction relief from his 1982 conviction of rape and sentence of life imprisonment.

  • These parameters are: Network Rail Payment Rate (NRPR): the cost per day for each service group of the change in NR-caused weighted average lateness of 1 minute.

  • The Service Group Network Rail Payment Rate is calculated as follows:Price Base Factor (PBF) is a multiplier converting the MREs in outturn prices from the Recalibration Timeframe to the values for the start of CP6 (more details in Appendix 2).∑ MRE Flow is the sum of all the Flow-level MREs for a Service Group across the Recalibration Timeframe.

  • The Service Group Period SPP is calculated as follows:SPP SG, Period = NR BM SG * NRPR SG * Busyness Factor * Threshold SPPWhere:NR BM SG = Network Rail Benchmark for the Service Group in a year NRPR SG = Network Rail Payment Rate for the Service Group in a yearBusyness Factor = A parameter to convert daily NR Payment Rates to a periodic figure.

  • It is likely that a new approach to calibrating the Payment Rates will be taken for London commuter services, and also it is possible that the delay multipliers used within the calculation of the Network Rail Payment Rate may be updated.


More Definitions of Network Rail Payment Rate

Network Rail Payment Rate has the meaning ascribed to it in Schedule 8;
Sample 1Sample 2
Network Rail Payment Rate means the Network Rail Payment Rate specified inAppendix 1, as adjusted under paragraphs 2.7.1 and 2.7.2 of Schedule 7;
Sample 1

Related to Network Rail Payment Rate

  • Payment Rate means the rate (expressed in €/MWh, €/Mvarh or €/MWs2h as appropriate) for the calculation of payments for DS3 System Services as specified in the Charging Statement;

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Compounded Daily SONIA means with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where: