Common use of Capacity Charge Clause in Contracts

Capacity Charge. 6.1 In respect of the Relevant Year ending 31 March 2019, the term Kt means an amount in respect of the Capacity Charge in Relevant Year t which shall be derived from the formula that was contained in paragraph 6 of Part 2 of Schedule 7 of the version of this contract that was in force up until 31 March 2019. For subsequent Relevant Years, Kt shall have a value of zero. 6.2 Not used.

Appears in 3 contracts

Sources: Track Access Contract, Track Access Contract, Track Access Contract