Performance Sum definition

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;

Performance Sum means an amount for which the Train Operator or the CVL IM is liable under one of paragraphs 4 and 6 following a Charging Period in relation to Minutes Delay in that Charging Period and the preceding Charging Periods, as adjusted in accordance with paragraph 10;

Performance Sum means, in relation to a Service Group, a sum of money which Network Rail or Nexus is liable to pay to the other under this Schedule 8, as calculated in accordance with paragraph 9 or 10 as the case may be;

Examples of Performance Sum in a sentence

• The Aggregate Net Liability of the Train Operator for a Performance Sum in respect of any Charging Period shall not exceed the Train Operator Charging Period Limit.

• Subject to paragraph 9.1.6, if the Train Operator would otherwise be liable for a Performance Sum which exceeds the Train Operator Charging Period Limit, then the amount by which such claim exceeds the Train Operator Charging Period Limit shall be taken into account when calculating the Train Operator’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

• Subject to paragraph 9.1.3, if the CVL IM would otherwise be liable for a Performance Sum which exceeds the CVL IM Charging Period Limit, then the amount by which such claim exceeds the CVL IM Charging Period Limit shall be taken into account when calculating the CVL IM'’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

• Subject to paragraph 9.1.3, if Network Rail would otherwise be liable for a Performance Sum which exceeds the Network Rail Charging Period Limit, then the amount by which such claim exceeds the Network Rail Charging Period Limit shall be taken into account when calculating Network Rail’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

• The Aggregate Net Liability of the CVL IM for a Performance Sum in respect of any Charging Period shall not exceed the CVL IM Charging Period Limit.

More Definitions of Performance Sum

Performance Sum means, in relation to a Service Group, a sum of money which Network Rail or the Train Operator is liable to pay to the other under this Schedule 8, as calculated in accordance with paragraph 9 or 10, as the case may be;

Performance Sum has the meaning given to it in paragraph 1.1 of Schedule 7.1 (Operational Performance);

Performance Sum means an amount for which Nexus is liable under paragraph 6 following a Charging Period in relation to Minutes Delay in that Charging Period and the preceding Charging Periods;

Performance Sum means any payment to be made by either party to the other pursuant to Part 2;

Performance Sum means the RfL(I) Performance Sum or the Train Operator Performance Sum, as the context may require;

Performance Sum means an amount determined in accordance with paragraph 3.2 of Schedule 7.1 (Performance Benchmarks);

Performance Sum means, in relation to a Service Group, a sum of