Relinquishment Fee definition

Relinquishment Fee means the relinquishment fee determined in accordance with clause 12.3.13.3.

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Relinquishment Fee means for coal carrying Train services, at any point in time that amount that would be payable over the following two (2) year period if the Access Holder were to pay forty per cent (40%) of the Access Charges that would be payable if it operated all of the relevant Train Services it would have been entitled to operate in that period;

Relinquishment Fee means the amount equivalent to the present value of the payment of the take or pay amount that would have been payable for the remainder of the Term of this Agreement if the Agreement remained on foot but the Operator did not operate the relevant Train Services;

Examples of Relinquishment Fee in a sentence

The relinquishment or transfer of any Nominated Access Rights in accordance with this Clause is subject to and conditional on the End User’s payment of the Relinquishment Fee to Aurizon Network.
During the period between when the notice of intention is given and the Relinquishment Fee is paid, the terms of the Agreement will continue to apply in respect of the Access Rights which the Operator intends to relinquish.
QR will be relieved of its obligation to provide Access Rights to the Access Holder during the period between the provision of the notice of intention to relinquish and the payment of the Relinquishment Fee.
If Queensland Rail or the Access Holder identify an opportunity for Queensland Rail to enter into an Access Agreement with an existing or prospective Access Holder that would result in a lessening of the Relinquishment Fee that would otherwise be payable to Queensland Rail under clause 21.2, Queensland Rail will not unreasonably delay the process for negotiating and executing an Access Agreement with that existing or prospective Access Holder.
The relinquishment of any Nominated Access Rights in accordance with this clause 21.2 is subject to and conditional on the Access Holder paying to Queensland Rail the Relinquishment Fee on or before the Relinquishment Date.
The relinquishment or transfer of any Nominated Access Rights in accordance with this Clause is subject to and conditional on the End User’s payment of the Relinquishment Fee to QR Network.
If the Relinquishment Fee is not paid on or prior to the Relinquishment Date, then the Access Holder is taken to have withdrawn the notice given under clause 21.2(a) and Queensland Rail has no further obligations under this clause 21.2 in relation to the relevant relinquishment.
Upon being so requested, QR Network will calculate the Relinquishment Fee in accordance with Clause 1.1. Subject to Clause 4.2(g), QR Network will notify the End User as soon as reasonably practical of the Relinquishment Fee and how it was calculated.
Upon being so requested, Aurizon Network will calculate the Relinquishment Fee in accordance with Clause 1.1. Subject to Clause 4.2(g), Aurizon Network will notify the End User as soon as reasonably practical of the Relinquishment Fee and how it was calculated.
During the period between when the Notice of Intention to Relinquish is given and the later of the Relinquishment Date and the date on which the Relinquishment Fee is paid, the terms of the Agreement will continue to apply in respect of the Nominated Access Rights.

More Definitions of Relinquishment Fee

Relinquishment Fee means an amount calculated in accordance with Clause 7.3.6(k).

Relinquishment Fee has the meaning given in the Access Undertaking.