Examples of Network Rail Rebate in a sentence
If Network Rail has, prior to 31 March 2024 and pursuant to the provisions of this contract in force as at that date, notified XXX of a Rebatable Amount for the Relevant Year ending on that date, then such provisions shall continue to apply to the extent (and only to the extent) necessary to enable determination and payment (where applicable) of a Network Rail Rebate based on that Rebatable Amount.
For the purpose of paragraph 1, the Network Rail Rebate in respect of any Relevant Year t (Wt) is an amount (which shall not be a negative value) by way of a return of Track Charges paid in accordance with paragraph 7.5, derived from the following formula: where: RAt means the Rebatable Amount declared by Network Rail in relation to Relevant Year t under paragraph 7.2; Ft has the meaning ascribed to it in paragraph 1 for Relevant Year t; and AFt means the Aggregate Fixed Charge in Relevant Year t.