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 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 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, in relation to a Service Group, a sum of money which the CVL IM 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 means an amount determined in accordance with paragraph 3.2 of Schedule 7.1 (Performance Benchmarks);
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 has the meaning given to it in paragraph 1.1 of Schedule 6.3A (Contractual Incentive Mitigations); has the meaning given to it in paragraph 1.1 of Schedule 6.3A (Contractual Incentive Mitigations);