Travelcard Agreement definition
Examples of Travelcard Agreement in a sentence
The Covenantor hereby confirms that it has been supplied with a copy of the Travelcard Agreement and with effect from [ ] covenants to and undertakes with each of the persons in the schedule to this Deed and with each such other person who may from time to time expressly adhere to the Travelcard Agreement (by way of execution of a deed or by way of novation) to be bound by and comply with the terms of the Travelcard Agreement which are capable of applying to an Operator.
The fare zone structure and the classification of individual stations are covered by the Travelcard Agreement.
Both these instruments are ‘legal requirements’ for the purposes of the Competition Act 1998; accordingly, this response does not consider setting the price of national rail fares, and related products such as Railcards, by TOCs. The franchise terms also require TOCs to be party to the Travelcard Agreement and the Through Ticketing (non-Travelcard) Agreement, to which Transport for London (TfL) are also a party.
Train customers from outside London will pay local fares to travel beyond the London terminals.Proposed delivery dateLate 2022/23Net income raised p.a.£55mOption recommended by panelNoWithin current powers?Yes - the Travelcard Agreement allows TTL to withdraw with 13 months’ notice Outcome assessmentOutcomeImpact expectedBusiness impactsPositive impact on journey time and ease of travel due to focus on contactless and PAYG.
Decisions regarding which stations are in which zones are a matter for Transport for London (TfL) and the train operators to agree on, as part of the Travelcard Agreement.
The Travelcard Agreement between TfL and the Train Operating Companies also uses the July RPI as its benchmark for the following January.
The Covenantor hereby appoints a representative (known as the ATOC Representative) as its agent for as long as the Covenantor is a party to the Travelcard Agreement for the purpose of performing all functions which the ATOC Representative is to perform on behalf of the Operators in accordance with the Travelcard Agreement.
On [ ] the persons in the schedule hereto entered into an agreement implementing arrangements for providing and honouring Travelcards (such agreement, as amended and novated, the Travelcard Agreement).
Words and expressions defined in the Travelcard Agreement shall, unless the context otherwise requires, have the same meanings when used in this Deed.