Qualifying Modification Benefit Charge definition

Qualifying Modification Benefit Charge means, in relation to any Qualifying Modification, a charge which shall:
View Source
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 ▇▇▇’▇ Qualifying Modification Criteria;
View Source

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.

  • Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period.

  • If the Train Operator disputes: the amount of any Qualifying Modification Benefit Charge payable by it under paragraph 2.8.8; or the amount of any rebate payable to it under paragraph 2.8.9, within 20 Working Days of the date of its receipt from Network Rail of details of the amount of the charge or rebate respectively, it shall be entitled to refer the matter for resolution in accordance with the ADRR.

  • The Train Operator shall, if it wishes to operate the Service requested under paragraph 2.8.7, pay to Network Rail a Qualifying Modification Benefit Charge of such amount as shall be determined to be reasonable by Network Rail using the criteria and guidance that are applicable to the Qualifying Modification Benefit Charge.

  • In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Freight Capacity Charge (where applicable, for the Relevant Year ending 31 March 2019), 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

  • Termination Benefits will mean and include the following:

  • Termination Benefit means the benefit set forth in Article 7.

  • Foreign Benefit Event means, with respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable Law or in excess of the amount that would be permitted absent a waiver from applicable Governmental Authority or (b) the failure to make the required contributions or payments, under any applicable Law, on or before the due date for such contributions or payments.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.