Common use of Regulated Value Clause in Contracts

Regulated Value. A B where: A is the aggregate Gross Revenue recorded by RSP as attributable to sales of that Fare and any other Fare with which it was aggregated under paragraph 2.1(a) of Schedule 5.3 for the period of 12 months which ended 31 March 2010; and B is the Price or Child Price (as the case may be) for that Fare recorded by RSP in February 2010. 4.1 The Regulated Value of a Fares Basket for any Fare Year shall be an amount equal to: 2010 Ticket Revenue x PPAI where: 2010 Ticket Revenue is the aggregate Gross Revenue recorded by RSP as attributable to sales of all Fares in that Fare Basket for the period of 12 months which ended 31 March 2010; PPAI is: (a) in respect of the Fare Year commencing 1 January 2011, the Permitted Aggregate Increase for that Fare Year; and (b) in respect of each Fare Year commencing on or after 1 January 2012, the product of the Permitted Aggregate Increase for each Fare Year between that Fare Year and the Fare Year which begins on 1 January 2011 (inclusively). 4.2 The Permitted Aggregate Increase in any Fare Year shall be an amount equal to: PAI  (100xRPI)  k 100 where: PAI is the Permitted Aggregate Increase in that Fare Year; RPI is an amount equal to: where: RPI-1 is the Retail Prices Index for the July of the calendar year preceding that Fare Year; and RPI-2 is the Retail Prices Index for the July of the calendar year preceding the calendar year referred in the definition of RPI-1; and k is equal to + three in respect of each Fare Year commencing prior to 1 January 2015 and + one in respect of each Fare Year commencing on or after 1 January 2015. 1. Price or Child Price not to exceed Regulated Price or Regulated Child Price

Regulated Value. A B where: A is the aggregate Gross Revenue recorded by RSP as attributable to sales of that Fare and any other Fare with which it was aggregated under paragraph 2.1(a) of Schedule 5.3 for the period of 12 months which ended 31 March 2010; and B is the Price or Child Price (as the case may be) for that Fare recorded by RSP in February 2010. 4.1 The Regulated Value of a Fares Basket for any Fare Year shall be an amount equal to: 2010 Ticket Revenue x PPAI where: 2010 Ticket Revenue is the aggregate Gross Revenue recorded by RSP as attributable to sales of all Fares in that Fare Basket for the period of 12 months which ended 31 March 2010; PPAI is: (a) in respect of the Fare Year commencing 1 January 2011, the Permitted Aggregate Increase for that Fare Year; and (b) in respect of each Fare Year commencing on or after 1 January 2012, the product of the Permitted Aggregate Increase for each Fare Year between that Fare Year and the Fare Year which begins on 1 January 2011 (inclusively). 4.2 The Permitted Aggregate Increase in any Fare Year shall be an amount equal to: PAI  = (100xRPI)  + k 100 where: PAI is the Permitted Aggregate Increase in that Fare Year; RPI is an amount equal to: where: RPI-1 is the Retail Prices Index for the July of the calendar year preceding that Fare Year; and RPI-2 is the Retail Prices Index for the July of the calendar year preceding the calendar year referred in the definition of RPI-1; and k is equal to + three in respect of each Fare Year commencing prior to 1 January 2015 and + one in respect of each Fare Year commencing on or after 1 January 2015. 1. Price or Child Price not to exceed Regulated Price or Regulated Child Price