Train Operator Cap definition

Train Operator Cap means the Train Operator Cap specified in Appendix 1 and in respect of the first and last Financial Year means the Train Operator Cap specified in Appendix 1 multiplied by the Adjustment Fraction, as adjusted under paragraphs 2.7.1 and 2.7.2 of Schedule 7 and paragraph 10.2 of this Schedule 8, expressed in pounds sterling and rounded to zero decimal places;

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Train Operator Cap has the meaning ascribed to it in Schedule 8;

Train Operator Cap means the Train Operator Cap specified in Appendix 1, as adjusted under paragraph 2.7.2 of Schedule 7 and paragraph 10.2 of this Schedule 8, save that, in respect of the first and last Financial Year, the Train Operator Cap shall be that specified in Appendix 1 multiplied by the Adjustment Fraction;

Examples of Train Operator Cap in a sentence

Train Operator Cap [to be agreed] Disruption Sum £2,375 CVL IM Payment Rate £21.38 per Minutes Delay to Services which are Attributable to the CVL IM.
In respect of any Financial Year, the Aggregate Net Liability of the Train Operator under this paragraph 9.1 shall not exceed the Train Operator Cap.
Train Operator Cap [REDACT] Disruption Sum £2,375 CVL IM Payment Rate £21.38 per Minutes Delay to Services which are Attributable to the CVL IM.
Train Operator Cap £[●] Disruption Sum £2,375 CVL IM Payment Rate £21.38 per Minutes Delay to Services which are Attributable to the CVL IM.
Train Operator Cap [To be determined] Disruption Sum [To be determined] CVL IM Payment Rate [To be determined] per Minutes Delay to Services which are Attributable to the CVL IM.
Any adjustment to the CVL IM Cap and/or the Train Operator Cap shall take effect only when it has been approved by ▇▇▇ and, unless otherwise specified by ▇▇▇, any such adjustment shall take effect from 1 April in Financial Year t+1.
If, within 56 days of receipt by the Train Operator of the information and notice from CVL IM required to be provided pursuant to paragraph 10.2.2, the Train Operator and CVL IM reach agreement as to any adjustment to the CVL IM Cap and/or the Train Operator Cap, the parties shall notify ▇▇▇ and shall provide ▇▇▇ with such information and evidence as ▇▇▇ shall require to determine whether or not to approve the proposed adjustment.
Promptly following any adjustment to the CVL IM Cap and/or the Train Operator Cap pursuant to this paragraph 10.2, and in order to give effect to that adjustment, CVL IM 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 Charging Periods in Financial Year t+1.
Train Operator Cap [To be determined] Disruption Sum [To be determined] CVL IM Payment Rate £[To be determined] per Minutes Delay to Services which are Attributable to the CVL IM.
Train Operator Cap £[ to be agreed ][●] Disruption Sum £2,375 CVL IM Payment Rate £21.38 per Minutes Delay to Services which are Attributable to the CVL IM.

More Definitions of Train Operator Cap

Train Operator Cap means £[●] and in respect of the first and last Financial Year means £[●], expressed in pounds sterling and rounded to zero decimal places; and

Train Operator Cap has the meaning ascribed to it in Schedule 8; 5th SA "Train Operator Payment Rate” has the meaning ascribed to it in Schedule 8; 5th SA