Common use of Adjustment Statements Clause in Contracts

Adjustment Statements. If Access Condition B3.3 (Adjustment to Prior Results) applies in respect of all or part of a Period, then Network Rail shall promptly issue to Nexus a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period, and any such adjusting statement shall be treated as if it were a statement under paragraph 11.1 and, subject to paragraph 12.2, an adjusting payment shall be payable within 28 days of Network Rail's statement.

Appears in 6 contracts

Samples: Track Access Agreement, Agreement, Agreement

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