Revenue Foregone definition

Revenue Foregone means an amount equal to the amount of Revenue or other value which was not received or receivable by the Franchisee, including: a) the: REFERENCE (CLAUSE/PARAGRAPH/SCHEDULE) AMENDMENT i. debts or other receivables waived, not collected or written off; and/or ii. value of any other asset not realised in whole or in part, but which would have been receivable and received or otherwise realised by the Franchisee if it had acted as a Good and Efficient Operator; and b) subject always to paragraph 6.1 (No Double Recovery) of Schedule 8.1A (Franchise Payments), the amount by which the Purchase Price (as defined in clause 2.1 of the Supplemental Agreement) receivable by the Franchisee is lower than it would have been but for the Franchisee: i. incurring Disallowable Costs; and/or ii. otherwise acting other than as Good and Efficient Operator; save where, in respect of both paragraphs (a) and (b) above, such Revenue or other value is not received or receivable as a REFERENCE AMENDMENT (CLAUSE/PARAGRAPH/SCHEDULE) result of the Franchisee acting in accordance with the instructions of the Secretary of State;

Revenue Foregone means an amount equal to the amount of revenue or other value which was not received or receivable by the Franchisee, including: (a) the: (i) debts or other receivables waived, not collected or written off; and/or (ii) value of any other asset not realised in whole or in part, but which would have been receivable and received or otherwise realised by

Revenue Foregone means an amount equal to the amount of Revenue or other value which was not received or receivable by the Franchisee, including: (a) the: (i) debts or other receivables waived, not collected or written off; and/or (ii) value of any other asset not realised in whole or in part, but which would have been receivable and received or otherwise realised by the Franchisee if it had acted as a Good and Efficient Operator; and (b) subject always to paragraph 6.1 (No Double Recovery) of Schedule 8.1A (Franchise Payments), the amount REFERENCE AMENDMENT (CLAUSE/PARAGRAPH/SCHEDULE) by which the Purchase Price (as defined in clause 2.1 of the Supplemental Agreement) receivable by the Franchisee is lower than it would have been but for the Franchisee: (i) incurring Disallowable Costs; and/or (ii) otherwise acting other than as Good and Efficient Operator; save where, in respect of both paragraphs (a) and (b) above, such Revenue or other value is not received or receivable as a result of the Franchisee acting in accordance with the instructions of the Secretary of State;

Examples of Revenue Foregone in a sentence

• Participating Operators incurring a very low level of Net Revenue Foregone over a Financial Year may request to be paid on the basis of a fixed level of Total Reimbursement which may be agreed between the Participating Operator and the Travel Concession Authority and kept under review.16.

• In special cases (for example small commercial operators or community transport operators), Participating Operators who are unable to provide data from electronic ticket machines or its equivalent may, subject to the prior agreement of the Travel Concession Authority, have their Revenue Foregone estimated by means of data from sample surveys (or other sources) on their services or services of a similar type in the same area.

• Reimbursement for any period is the aggregate of the sum of Revenue Reimbursement (Net Revenue Foregone), Marginal Operating Costs, Marginal Capacity Costs, Peak Vehicle Requirement Costs and Scheme Administration Costs for the same period in respect of each service/route operated by each operator during that period.

• Without prejudice to the generality of the foregoing, in considering any revisions to the Budget, regard shall be had to the definitions of Costs, Revenue, Capital Expenditure, Good and Efficient Operator, Disallowable Costs and Revenue Foregone, so as to ensure that the revisions to the Budget are consistent with those definitions.

• Subject to paragraph 5.8A, the value of any Accrued Disallowable Costs and/or Accrued Revenue Foregone and/or Accrued Claims on each occasion accumulated pursuant to paragraph 5.7 shall be aggregated with the total of all Disallowable Costs, Revenue Foregone and SoS Claims which have been previously accumulated, such aggregated value from time to time being the “ Aggregated Costs and Revenues Liabilities”.

More Definitions of Revenue Foregone

Revenue Foregone means an amount equal to the amount of revenue or other value which was not received or receivable by the Franchisee including: (a) the: (i) debts or other receivables waived, not colected or written off; and/or (ii) value of any other asset not realised in whole or in part, but which would have been receivable and received or otherwise realised by the Franchisee if it had acted as a Good and Efficient Operator; and (b) subject always to paragraph 3.8 (No Double Recovery) of Schedule 8.A (Franchise Payments), the amount by which the Purchase Price (as defined in Clause 2.1 of the Supplemental Agreement) receivable by the Franchisee is lower than it would have been but for the Franchisee: (i) incurring Disallowable Costs; and/or (ii) otherwise acting other than as Good and Efficient Operator; save where, in respect of both (a) and (b) above, such revenue is not received or receivable as a result of the Franchisee acting in accordance with the instructions of the Authority;

Revenue Foregone means an amount equal to the amount of revenue or other

Revenue Foregone means an amount calculated in a manner specified in a DPP determination or CPP determination by applying–

Revenue Foregone means the gross total revenue of the Franchisee received or receivable and properly accrued:

Revenue Foregone. SoS Claim" "Supporting Materials" "Unreimbursed Disallowable Costs" "Working Capital Payment" "Working Capital Repayment" "Working Capital Shortfall"

Revenue Foregone means the Franchise Payment Component calculated in accordance with paragraph 2.1 of this Schedule 6.A (Franchise Payments); has the meaning given in paragraph 5.1 of Schedule 6.A (Franchise Payments); has the meaning given in paragraph 4.1 of Schedule 6.A (Franchise Payments); means 1 March 2020 to 31 March 2020 (inclusive); means the net value of the components of the Franchise Payments, and of all other similar and equivalent payments to be made (including, but not limited to, SCPF and FIAP on a pro-rated per- Reporting Period basis), under Schedule 6 which:

Revenue Foregone means an amount equal to the amount of revenue or other value which was not received or receivable by the Franchisee including: (a) the: (i) debts or other receivables waived, not collected or written off; and/or (ii) value of any other asset not realised in whole or in part, but which would have been receivable and received or otherwise realised by the Franchisee if it had acted as an EMA Good and Efficient Operator; and