Qualifying Modification Benefit Charge definition

Qualifying Modification Benefit Charge means, in relation to any Qualifying Modification, a charge which shall:
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Qualifying Modification Benefit Charge means, in relation to any Qualifying Modification, a charge which shall: take account of: the use made or to be made of the Qualifying Modification, where such modification increased the capacity of the Network; or in any other case, the benefit which is likely to be derived from the Qualifying Modification by the Train Operator compared to the benefit derived from such modification by the Contributing Train Operator; and reflect any relevant guidance in relation to the funding of modifications to the Operating Constraints published in XXX’x Qualifying Modification Criteria;
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Qualifying Modification Benefit Charge means, in relation to any Qualifying Modification, a charge which shall: take account of: the use made or to be made of the Qualifying Modification, where such modification increased the capacity of the Network; or in any other case, the benefit which is likely to be derived from the Qualifying Modification by the Train Operator compared to the benefit derived from such modification by the Contributing Train Operator; and reflect any relevant guidance in relation to the funding of modifications to the Operating Constraints published in XXX’x Qualifying Modification Criteria;
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Examples of Qualifying Modification Benefit Charge in a sentence

  • In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge.

Related to Qualifying Modification Benefit Charge

  • Section 409A Limit means the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.