RoU Losses definition

RoU Losses means any RoU Direct Costs or RoU Liability (as applicable);
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RoU Losses means any RoU Direct Costs or RoU Liability (as applicable);“RoU Trigger Date”means, in respect of any Period, the later to occur of the following:(a) the date on which Network Rail issues a Day 42 Statement; and(b) in the event of any dispute in respect of NetworkRail’s Day 42 Statement, the date on which such dispute is agreed or determined;“RoU Variable Costs”means any Train Operator costs which vary as a result of a Restriction of Use arising directly from changes in train mileage including maintenance, fuel or electricity costs, the Variable Track Usage Charge and the Capacity Charge;“SPD Claim”has the meaning specified in paragraph 2.10(c);“SPD Notice”means a notice issued by either party pursuant to paragraph 2.10(a);“SPD Period”means the period for which a claim is being made in an SPD Claim which is consistent with the requirements of paragraph 2.10(d);“SPD Cost Threshold No.1”means [●];1“SPD Cost Threshold No.2”means [●];2“SPD Revenue Threshold No.1”means [●];3“SPD Revenue Threshold No.2”means [●];4“Sustained Planned Disruption” or “SPD”means a circumstance where:(a) the aggregate of all payments made by Network Rail which were calculated in accordance with paragraph 3 for any Restriction of Use during:(i) 3 or more consecutive Periods is equal to or exceeds SPD Revenue Threshold No.1; or(ii) 7 or more consecutive Periods is equal to or exceeds SPD Revenue Threshold No.2,and that the difference between the RoU Liability calculated in accordance with paragraph 8
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Examples of RoU Losses in a sentence

  • The party initiating such discussions shall provide to the other reasonable evidence in writing of why it thinks such RoU Losses will arise or mitigating actions should be contemplated.

Related to RoU Losses

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Relevant Losses means, in relation to:

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Losses shall have the meaning set forth in Section 5(a).

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows: