Volume Reconciliation definition

Volume Reconciliation has the meaning ascribed to it in the Traction Electricity Rules.

Volume Reconciliation means, for each train operator ω, the process for the calculation and payment of the supplementary amount S1tω set out in paragraph 18 of these Traction Electricity Rules;

Volume Reconciliation has the meaning ascribed to it in the Traction Electricity Rules. Track Charges and invoices

Examples of Volume Reconciliation in a sentence

• For the avoidance of doubt, Volume Reconciliation Amounts, Error Reconciliation Amounts and RTF Adjustment Amounts are determined without counting any interest as running (on any amount included in such determination) in respect of the period ending when such amounts are due to be included in a Support Payment Statement.

• The SCO Supplier’s Monthly Volume Reconciliation Cashout charges and credits will remain subject to revision based on any corrections to underlying data and any issues identified in the annual ETC Audits.

• Any consequential financial adjustment which is required to be made to any amounts paid or payable by the Metered Train Operator or any other train operator pursuant to paragraph9.12 or 9.14 shall be made through the Volume Reconciliation carried out within 90 days after the end of the Relevant Year in which such amounts were paid or payable.

• Network Rail shall also provide to the train operator a provisional six month Volume Reconciliation by Geographic Area g before 30 October of each Relevant Year and a provisional nine month Volume Reconciliation by Geographic Area g before 30 January of each Relevant Year.

• Any consequential financial adjustment which is required to be made to any amounts paid or payable by any train operator pursuant to paragraph9.4 or 9.5 shall be made through the Volume Reconciliation carried out in respect of the Relevant Year in which such amounts were paid or payable.

• Network Rail shall also provide to the Train Operator a provisional six month Volume Reconciliation by Geographic Area g before 30 October of each Financial Year and a provisional nine month Volume Reconciliation by Geographic Area g before 30 January of each Financial Year.

• The Choice Supplier’s Monthly Volume Reconciliation Cashout charges and credits will remain subject to revision based on any corrections to underlying data and any issues identified in the annual ETC Audits.

• Where 𝐸𝑉𝑜𝑙 is an estimate of the (£) amount will not yet have been paid by/to the Secretary of State in Volume Reconciliation Amounts.

• Network Rail shall also provide to the Train Operator a provisional six month Volume Reconciliation by Geographic Area g before 30 October of each Relevant Year and a provisional nine month Volume Reconciliation by Geographic Area g before 30 January of each Relevant Year.

• Any consequential financial adjustment which is required to be made to any amounts paid or payable by any train operator pursuant to paragraph 16.4 or 16.5 shall be made through the Volume Reconciliation carried out in respect of the Relevant Year in which such amounts were paid or payable.

More Definitions of Volume Reconciliation

Volume Reconciliation means the process for the calculation and payment of the supplementary amount S1t or St (as the case may be) set out in Schedule 7 of the train operator’s track access contract;

Volume Reconciliation means, for each train operator ω, the process for the calculation and payment of the supplementary amount S1 t or St (as the case may be) set out in Schedule 7 of the train operator’s track access contracttω set out in paragraph 18 of these Traction Electricity Rules;