SPD Cost Threshold No.1 definition

SPD Cost Threshold No.1 means[£500,000]/[£250,000]1; “SPD Cost Threshold No.2” means [£1,000,000]/[£500,000]2; “SPD Revenue Threshold No.1” means [●];3
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SPD Cost Threshold No.1 means £304,750; “SPD Cost Threshold No.2” means £609,500; “SPD No.1” Revenue Threshold means 20% of a figure to be determined and published by ▇▇▇;
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SPD Cost Threshold No.1 means[£500,000]/[£250,000]21; “SPD Cost Threshold No.2” means [£1,000,000]/[£500,000]32; “SPD Revenue Threshold No.1” means [●];43 “SPD Revenue Threshold No.2” means [●];54 “Sustained Planned Disruption” or “SPD” means a circumstance where:(a) the aggregate of all payments made by Network Rail which werethe compensation calculated in accordance with paragraph 3 for any RestrictionRestrictions 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 exceeds the amount already received by the Train Operatorand the compensation calculated in accordance with paragraph 3 for such Restrictions of Use during that period byis more than £10,000; or(b) in respect of any Restrictions of Use during any:(i) 3 consecutive Periods the difference between the Train Operator’s RoU Liability (excluding any loss of revenue) calculated in accordance with paragraph 8 and the Train Operator’s actual costs calculated under paragraph 4 is more than SPD Cost Threshold No. 1; or(ii) 7 consecutive Periods the difference between the Train Operator’s RoU Liability (excluding any loss of revenue) calculated in accordance with paragraph 8 and the Train Operator’s actual costs calculated under paragraph 4 ismore than SPD Cost Threshold No. 2; “Service Code” shall have the meaning ascribed to it in Schedule 8;
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More Definitions of SPD Cost Threshold No.1

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
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SPD Cost Threshold No.1 means [£●in 2023-2024 prices];
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Related to SPD Cost Threshold No.1

  • Restoration Threshold means, with respect to each Individual Property, an amount equal to 5% of the outstanding principal amount of the Allocated Loan Amount attributable to such Individual Property.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.