Principal formula Sample Clauses

Principal formula.Β For each Relevant Year, Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: 𝑇𝑑 = 𝑉𝑑 + 𝑆𝑑 + 𝐸𝑑 + 𝐸𝐴𝑉𝑑 + 𝐢𝑑 where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1; Et means an amount in respect of the Traction Electricity Charge for the Relevant Year t which is derived from the formula in paragraph 6.1; EAVt means an amount in respect of the Electrification Asset Usage Charge for Relevant Year t which is derived from the formula in paragraph 7.1; and Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1.
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Principal formula.Β For each Relevant Year, the CVL IM shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: 𝑇𝑑 = 𝑉𝑑 + 𝑆𝑑 + 𝐢𝑑 where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1 and Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1.
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Principal formula.Β 1.1 During each Relevant Year, the CVL IM shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: = + where: Tt means Track Charges in Relevant Year t; Vt means an amount in respect of the Variable Usage Charge in Relevant Year t which is derived from the formula in paragraph 3.1 Dt means an amount (if any) in respect of the VUC Default Charge in Relevant Year t which is calculated in accordance with paragraph 3.3.
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Principal formula.Β During each Relevant Year (and, in respect of Ft, prorationed for each day of any period of this contract comprising less than a full Relevant Year), Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: 𝑇𝑑 = 𝐹𝑑 + πΉπ‘Šπ‘‘ + 𝑉𝑑 + 𝐷𝑑 + 𝐸𝑑 + 𝐸𝐴𝑉𝑑 βˆ’ π‘Šπ‘‘ where: Tt means Track Charges in Relevant Year t; Ft means an amount in respect of the Fixed Track Charge in Relevant Year t, expressed in pounds sterling and rounded to two decimal places, which shall be :
Sample 1See All (4)
Principal formula.Β Each Partner’s Annual Reconciliation Amount (PARy) for each Contract Year shall be calculated using the following formula: PARy = PAUPy – PMPy – PQPy Where: PARy = the Partner’s Annual Reconciliation Amount PAUPy = the Partner’s Annual Unitary Payment due for the relevant Contract Year calculated in accordance with paragraph 3 of this Schedule 11 PMPy = the aggregate of the Partner’s Monthly Payments (PMPt) in respect of the relevant Contract Year, calculated in accordance with paragraph 4 of this Schedule 11 PQPy = the aggregate of the Partner’s Quarterly Payments (PQPq) in respect of the relevant Contract Year, calculated in accordance with paragraph 5 of this Schedule 11 7. MONTHLY ADJUSTMENTS Monthly Adjustments shall be made for each Partner's share of Performance Standard Deductions in respect of the Services not being delivered in accordance with Key Performance Indicators (KPIs), calculated in accordance with [paragraph 11] of the Project Agreement Payment Mechanism, Transport Adjustments in respect of costs incurred by the Partners as a result of diversion of Contract Waste from Delivery Points and Deductions for Non-Acceptance of Contract Waste by the Contractor pursuant to paragraph [12] of the Project Agreement Payment Mechanism. Monthly Adjustments in respect of each Payment Period (PMAt) shall be applied to the Quarterly Payment for the Quarterly Period in which they occur.
Sample 1
Principal formula.Β For each Relevant Year, Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: = + + + + + + where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1; Et means an amount in respect of the Traction Electricity Charge for the Relevant Year t which is derived from the formula in paragraph 6.1; EAVt means an amount in respect of the Electrification Asset Usage Charge for Relevant Year t which is derived from the formula in paragraph 7.1; Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1; Kt means an amount in respect of the Charter Capacity Charge for the Relevant Year t which is derived from the formula incalculated in accordance with paragraph 8.18; and KWt means an amount in respect of the Charter Capacity Charge Wash-Up for the Relevant Year t which is derived from the formula incalculated in accordance with paragraph 8.2.28.
Sample 1
Principal formula.Β Each Partner’s Monthly Payment for each Payment Period shall be calculated using the following formula: PMP = PUC m m + PNNDR - PR1D m m Where: PMPm = the Monthly Payment payable by the Partner for the relevant Payment Period 'm' PUCm = the amount due by the Partner in respect of the Unitary Charge in the relevant Payment Period 'm' calculated in accordance with paragraph 4.2 of this schedule 11 PNNDR m = the NNDR cost payable by each Partner in the relevant Payment Period 'm' calculated in accordance with paragraph 4.4 of this schedule 11 PR1D m = the Partner’s allocation of the R1 Deduction (R1Dm) calculated in accordance with paragraph 3.13 of this schedule 11
Sample 1
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Principal formula.Β β€Œ The Train Operator shall pay to HS1 Ltd Track Charges in respect of each Period p in accordance with the following formula: Tp = IRCp + OMRCp + Ep + CRCp – CRRp + CTp + OSCp + CCp where: Tp means the Track Charges in respect of Period p; IRCp means the IRC in respect of Period p, calculated in accordance with the provisions of paragraph 2.1 and charged in advance of the commencement of each Advance Period;
Sample 1

Related to Principal formula

  • Principal Repayment Series 2016-A [Insert columns for other Series]

  • Principal Funding Account (a) The Servicer shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trustee, on behalf of the Trust, for the benefit of the Investor Certificateholders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Principal Funding Account"), bearing a designation clearly indicating that ------------------------- the funds deposited therein are held for the benefit of the Investor Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Investor Certificateholders. If any time the institution holding the Principal Funding Account ceases to be a Qualified Institution the Transferor shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Principal Funding Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Principal Funding Account. The Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth in this Supplement, and (ii) on each Transfer Date (from and after the commencement of the Accumulation Period) prior to termination of the Principal Funding Account make a deposit into the Principal Funding Account in the amount specified in, and otherwise in accordance with, subsection 4.09(e) of the Agreement.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Shift Differential Pay A. An employee shall receive additional compensation at the rate of seventy five cents (75Β’) per hour for all hours worked on a shift when the majority of hours worked on the shift are between 5:30 p.m. and 7:30 a.m. and in locations where these classes are regularly assigned shift work.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • FIXED AMOUNTS The fixed amounts contained in Section I of this agreement are based on an estimate of the costs that will be incurred during the period to which the amounts apply. When the actual costs for this period are determined, any differences between the fixed costs used as an estimate and the actual costs will be considered in a subsequent agreement.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

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