Train Operator Annual Cap definition

Train Operator Annual Cap means the Train Operator Annual Cap specified in Appendix 8A and in respect of the first and last Financial Year means the Train Operator Annual Cap specified in Appendix 8A multiplied by the Adjustment Fraction, as adjusted in accordance with paragraphs 7 and 8.2 of this Schedule 8, expressed in pounds sterling and rounded to zero decimal places;
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Examples of Train Operator Annual Cap in a sentence

  • Promptly following any adjustment to the Network Rail Annual Cap and/or the Train Operator Annual Cap pursuant to this paragraph 8.2, and in order to give effect to that adjustment, Network Rail shall issue to the Train Operator a statement showing the necessary adjustments to: any invoices and credit notes already issued; and any payments already made in respect of Performance Sums, in each case relating to the Periods in Financial Year t+1.

  • If, within 56 days of receipt by the Train Operator of the information and notice from Network Rail required to be provided pursuant to paragraph 8.2.2, the Train Operator and Network Rail reach agreement as to any adjustment to the Network Rail Annual Cap and/or the Train Operator Annual Cap, the parties shall notify XXX and shall provide XXX with such information and evidence as XXX shall require to determine whether or not to approve the proposed adjustment.

  • Any adjustment to the Network Rail Annual Cap and/or the Train Operator Annual Cap shall take effect only when it has been approved by XXX and, unless otherwise specified by XXX, any such adjustment shall take effect from 1 April in Financial Year t.

  • Any adjustment to the CVL IM Annual Cap and/or the Train Operator Annual Cap shall take effect only when it has been approved by XXX and, unless otherwise specified by XXX, any such adjustment shall take effect from 1 April in Financial Year t.

  • If, within 56 days of receipt by the Train Operator of the information and notice from the CVL IM required to be provided pursuant to paragraph 8.2.2, the Train Operator and the CVL IM reach agreement as to any adjustment to the CVL IM Annual Cap and/or the Train Operator Annual Cap, the parties shall notify XXX and shall provide XXX with such information and evidence as XXX shall require to determine whether or not to approve the proposed adjustment.

  • Therefore, students must have successfully completed the first half of the course, successfully defined as earning an 80% overall average or higher in English 13-1.

Related to Train Operator Annual Cap

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Mean Sea Level means the average height of the sea for all stages of the tide. It is used as a reference for establishing various elevations within the floodplain. For the purposes of this Ordinance, the term is synonymous with the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, to which Base Flood Elevations shown on a community's Flood Insurance Rate Map are referenced.

  • Highest-level owner means the entity that owns or controls an immediate owner of the offeror, or that owns or controls one or more entities that control an immediate owner of the offeror. No entity owns or exercises control of the highest level owner.