Electrification Asset Usage Charge Clause Samples

Electrification Asset Usage Charge. The Electrification Asset Usage Charge is an amount for electrification asset usage which is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 𝑈𝑠𝑎𝑔𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑(𝐸𝑉𝑡𝑘 • 𝑈𝑉𝑡𝑘 ) where: ∑ means the summation across all Services using electric traction; EVtk means an amount in respect of the Electrification Asset Usage Rate, expressed in pounds sterling per electrified kgtm and rounded to four decimal places;
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Electrification Asset Usage Charge. 7.1 For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: 𝐸𝐴𝑉𝑡 = ∑(𝐸𝑉𝑡𝑘 • 𝑈𝑉𝑡𝑘 ) where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in ▇▇▇▇▇ and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: 𝐸𝑉𝑡𝑘 = 𝐸𝑉𝑡−1𝑘 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 4.1 above, but so that in relation to the Relevant Year commencing on 1 April 2024, EVt-1k shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates"; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t.
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Electrification Asset Usage Charge. For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: ݈ݐݎℏℏݐℏ݋݊ ݏݏݐ ݏ ℎݎ = ∑● where: ∑ means the summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile on route type k for Relevant Year t, expressed in ▇▇▇▇▇ per electrified Vehicle Mile and rounded to two decimal places, which is derived from the following formula: = −1 ● (1 + (−1−−2)) −2 where: CPIt–1 has the meaning set out in paragraph 2.2 above; and CPIt–2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, EVtk shall have, in respect of each electrified Vehicle Mile on route type k, the value per electrified Vehicle Mile for the Electrification Asset Usage Charge set out in the Track Usage Price List, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year EVt-1k shall have the same value; and UVtk means the actual number of electrified Vehicle Miles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t shall be calculated as follows: (i) where the Bimodal Electric Multiple Unit or Bimodal Locomotive is operating in a Traction-Train Compatible situation and is not a Metered Train m, it shall be deemed that all mileage, if any, of such train is electrified; or (ii) where the Bimodal Electric Multiple Unit or Bimodal Locomotive is a Metered Train m, in accordance with paragraph 4.1.5 above.
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Electrification Asset Usage Charge. For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in ▇▇▇▇▇ and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, EVtk shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year EVt-1k shall have the same value; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t. The Train Operator shall pay or procure the payment to Network Rail of: the Variable Usage Charge; the Traction Electricity Charge; not used; the Electrification Asset Usage Charge; the Slot Charge; the Cancellation Charge; and any other sums which have fallen due in accordance with any provision of this contract, attributable to any Period as invoiced by Network Rail on or after expiry of each such Period within 21 days of the invoice date or 28 days after the end of the Period, whichever is later. Not used
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Electrification Asset Usage Charge. For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in ▇▇▇▇▇ and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 4.1 above, but so that in relation to the Relevant Year commencing on 1 April 2024, EVt-1k shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates"; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t. The Train Operator shall pay or procure the payment to Network Rail of:
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Electrification Asset Usage Charge. 8.1 The Electrification Asset Usage Charge is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 𝑈𝑠𝑎𝑔𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = EAVt ∗ (1 + (𝐶𝑃𝐼𝑡−1 − 𝐶𝑃𝐼𝑡−2) 𝐶𝑃𝐼𝑡−2 where: EAVt means an amount equivalent to the cost that is directly incurred by the CVL IM as a result of operating, maintaining and repairing the AC System, as calculated by the CVL IM; and CPIt–1 and CPIt–2 have the meanings set out in paragraph 3.1 of this Part 2.
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Electrification Asset Usage Charge. For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 𝑈𝑠𝑎𝑔𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑𝐸𝑉𝑡𝑘●𝑈𝑉𝑡𝑘 where: ∑ means the summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile on route type k for Relevant Year t, expressed in ▇▇▇▇▇ per electrified Vehicle Mile and rounded to two decimal places, which is derived from the following formula: 𝐸𝑉 = 𝐸𝑉 ● (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2) 𝑡−1𝑘 ) 𝐶𝑃𝐼𝑡−2 CPIt–1 has the meaning set out in paragraph 2.2 above; and CPIt–2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 201924, EVt-1k shall have, in respect of each electrified Vehicle Mile on route type k, the value per electrified Vehicle Mile for the Electrification Asset Usage Charge set out in the Track Usage Price List, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year EVt-1k shall have the same value; and UVtk means the actual number of electrified Vehicle Miles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t shall be calculated as follows: (i) where the Bimodal Electric Multiple Unit or Bimodal Locomotive is operating in a Traction-Train Compatible situation and is not a Metered Train m, it shall be deemed that all mileage, if any, of such train is electrified; or (ii) where the Bimodal Electric Multiple Unit or Bimodal Locomotive is a Metered Train m, in accordance with paragraph 4.1.5 above.
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Electrification Asset Usage Charge. For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in ▇▇▇▇▇ and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 4.1 above, but so that in relation to the Relevant Year commencing on 1 April 2024, EVt-1k shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates"; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t. The Train Operator shall pay or procure the payment to Network Rail of:
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Related to Electrification Asset Usage Charge

  • Equipment Usage Equipment provided by Sauk County Department of Human Services is the property of Sauk County Department of Human Services. Upon termination of the Contractors employee using the equipment, or termination of the contract between Sauk County DHS and the said Contractor, the equipment must be returned within (5) five working days. If the equipment is damaged or not returned, the Contractor will be held responsible for the replacement cost of the equipment. Sauk County may withhold from future payments the replacement cost of the said equipment or take any other necessary action.

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Withdrawals of amounts so collected from a Servicing Account may be made (in each case, to the extent of amounts on deposit therein in respect of the related Serviced Mortgage Loan or, in the case of clauses (iv) and (v) below, to the extent of interest or other income earned on such amounts) only for the following purposes: (i) consistent with the related loan documents, to effect the payment of real estate taxes, assessments, insurance premiums (including premiums on any Environmental Insurance Policy), ground rents (if applicable) and comparable items in respect of the respective Mortgaged Properties; (ii) insofar as the particular Escrow Payment represents a late payment that was intended to cover an item described in the immediately preceding clause (i) for which a Servicing Advance was made, to reimburse the Master Servicer, the Special Servicer, the Trustee or any Fiscal Agent, as applicable, for such Servicing Advance; (iii) to refund to Mortgagors any sums as may be determined to be overages; (iv) following an event of default under the related Serviced Mortgage Loan, for such other purposes as are consistent with the related loan documents, applicable law and the Servicing Standard; (v) to pay interest, if required and as described below, to Mortgagors on balances in such Servicing Account; (vi) to pay the Master Servicer interest and investment income on balances in such Servicing Account as described in Section 3.06, if and to the extent not required by law or the terms of the related loan documents to be paid to the Mortgagor; or (vii) to clear and terminate such Servicing Account at the termination of this Agreement in accordance with Section 9.01. To the extent permitted by law or the applicable loan documents, funds in the Servicing Accounts may be invested only in Permitted Investments in accordance with the provisions of Section 3.06. The Master Servicer shall pay or cause to be paid to the Mortgagors interest, if any, earned on the investment of funds in the related Servicing Accounts, if required by law or the terms of the related Serviced Mortgage Loan. If the Master Servicer shall deposit in a Servicing Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Servicing Account, any provision herein to the contrary notwithstanding. (b) The Master Servicer shall, as to each and every Serviced Mortgage Loan, (i) maintain accurate records with respect to the related Mortgaged Property reflecting the status of real estate taxes, assessments and other similar items that are or may become a lien thereon and the status of insurance premiums and any ground rents payable in respect thereof and (ii) use reasonable efforts to obtain, from time to time, all bills for (or otherwise confirm) the payment of such items (including renewal premiums) and, if the subject Serviced Mortgage Loan requires the related Mortgagor to escrow for such items, shall effect payment thereof prior to the applicable penalty or termination date. For purposes of effecting any such payment for which it is responsible, the Master Servicer shall apply Escrow Payments as allowed under the terms of the related Serviced Mortgage Loan (or, if such Serviced Mortgage Loan does not require the related Mortgagor to escrow for the payment of real estate taxes, assessments, insurance premiums, ground rents (if applicable) and similar items, the Master Servicer shall use reasonable efforts consistent with the Servicing Standard to cause the related Mortgagor to comply with the requirement of the related Mortgage that the Mortgagor make payments in respect of such items at the time they first become due and, in any event, prior to the institution of foreclosure or similar proceedings with respect to the related Mortgaged Property for nonpayment of such items). 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Consistent with the Servicing Standard, the Master Servicer may waive or extend the date set forth in any agreement governing Reserve Funds by which any required repairs, capital improvements and/or environmental remediation at the related Mortgaged Property must be completed; provided that any waiver, any extension for more than 120 days and any subsequent extension may only be granted with the consent of the Special Servicer.

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  • Night Shift Differential Unit 12 employees who regularly work shifts shall receive a night shift differential as set forth below: A. Employees shall qualify for the first night shift pay differential of forty (40) cents per hour where four (4) or more hours of the regularly scheduled work shift falls between 6 p.m. and 12 midnight. B. Employees shall qualify for the second night shift pay differential of fifty (50) cents per hour where four (4) or more hours of the regularly scheduled work shift fall between 12 midnight and 6 a.m. C. A "regularly scheduled work shift" are those regularly assigned work hours established by the department director or designee.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.