Track Charge definition

Track Charge means the Variable Usage Charge, Slot Charge, Cancellation Charge and where the context admits, Capacity Charge, Traction Electricity Charge and Electrification Asset Usage Charge; “Track Usage Price List” means the document entitled “Track Usage Price List” published by Network Rail on or about 20 December 2013; “Traction Electricity Charge” means the charge calculated in accordance with paragraph 6 of Part 2; “Traction Electricity Consumption Rates List” means the document entitled “Traction Electricity Consumption Rates List” published by Network Rail on or about 20 December 2013 and specifying freight and passenger traction electricity consumption rates by category i; “train category” means train type i using the relevant Electricity Type (AC/DC); “Train Consist Data” means the information relating to the number(s) and type(s) of railway vehicle comprised in a train movement; “Train Mile” in relation to a train, means a mile travelled by that train on the Network and includes loaded Train Miles and ECS Train Miles; and “Variable Usage Charge” means a variable charge, calculated in accordance with paragraph 3.1 of Part 2.
Sample 1

Examples of Track Charge in a sentence

  • In this paragraph 17, “ Fixed Track Charge Wash–Up” shall have the same meaning as in the Track Access Agreement.

  • The Train Operator shall pay or procure the payment to Network Rail of that part of the Fixed Track Charge attributable to any Period as invoiced by Network Rail on or after the expiry of each such Period within seven days of the invoice date or seven days after the end of the Period, whichever is later.

  • The Franchisee shall promptly inform the Secretary of State of any notification of the Fixed Track Charge Wash–Up (if any) applicable to any Franchisee Year pursuant to the Track Access Agreement, together with details or copies of such further records, information and/or documents as the Secretary of State may reasonably request.

  • The Train Operator shall pay or procure the payment to Network Rail of that part of the Fixed Track Charge attributable to any Period as invoiced by Network Rail on or after the expiry of each such Period within7 seven days of the invoice date or 7seven days after the end of the Period, whichever is later.

  • It shall be a Change if there is any change in the Fixed Track Charge as a result of the transfer of the Transferring Services to West Coast Trains Limited.

  • The Train Operator shall pay or procure the payment to Network Rail of that part of the Fixed Track Charge attributable to any Period as invoiced by Network Rail on or after the expiry of each such Period within 7 days of the invoice date or 7 days after the end of the Period, whichever is later.

  • Where there is no Fixed Track Charge in the contract, this paragraph is not required and the text should be deleted and replaced with the words “Not used”.8.125 Paragraph 2.4(b) contains some square brackets around the term of “Corresponding Day”.

  • The Fixed Track Charge Indexation in respect of the Relevant Year commencing on 1 April 2019 shall be derived from the following formula: 𝐹𝑇𝐶𝐼2019 = 𝐼𝑛𝑖𝑡𝑖𝑎𝑙 𝐼𝑛𝑑𝑒𝑥𝑎𝑡𝑖𝑜𝑛 𝐹𝑎𝑐𝑡𝑜𝑟 where: FTCI2019 means the Fixed Track Charge Indexation in respect of the Relevant Year commencing on 1 April 2019.

  • When invoicing the Train Operator in respect of the Fixed Track Charge attributable to any Period, Network Rail shall deduct from the total amount payable under any such invoice that part of any amount in respect of RIEt and AGPt (each as defined in, and applied in the formula in, paragraph 1 of Part 2) attributable to such Period.

  • We welcome the fact that paragraph 2A of Part 2 of Schedule 7 confirms that our maximum downside financial exposure through the Fixed Track Charge Wash-up will be limited to 1% in each year of CP6.


More Definitions of Track Charge

Track Charge means the Variable Usage Charge, Slot Charge and Cancellation Charge; Deleted: which for the purposes of this contract, shall be deemed to incorporate any supplements to that document consented to or determined pursuant to this contract;
Sample 1
Track Charge means the Variable Track Usage Charge, Slot Charge, Cancellation Charge and where the context admits, Traction Electricity Charge and Electrification Asset Usage Charge; “Train Consist Data” means the information relating to the number(s) and type(s) of railway vehicle comprised in a train movement; “Train Mile” in relation to a train, means a mile travelled by that train on the Network and includes loaded Train Miles and ECS Train Miles; and “Variable Charge Price List” means the variable charge price list in Table A of Appendix 7D; and “Variable Track Usage Charge” means a variable charge, calculated in accordance with paragraph 3.1 of Part 2.
Sample 1

Related to Track Charge

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Connection Charge is the sum payable by the Communications Provider in accordance with the Openreach Price List for provisioning of the Service;

  • Adviser Charge : means the fee agreed with your financial adviser in remuneration for the personal recommendation received prior to submission of an Application Form.

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.