Ticketless Travel Survey Periods Calculations Sample Clauses

Ticketless Travel Survey Periods Calculations. (a) At the end of each PBF Assessment Period the Secretary of State shall use the Ticketless Travel Rate for the relevant PBF Assessment Period to calculate: (i) the value of the Performance Based Fee attributable to FIN(TTR) in accordance with paragraph 4.5 (Calculation of FIN(TTR)) of Appendix 5 (Quantified Target Methodology) of Schedule 8.1B (Performance Based Fee); and (ii) the Franchisee's performance against the TT Breach Level for the relevant PBF Assessment Period." If the Secretary of State elects that it shall apply during the term of the ▇▇▇▇, paragraph 6.2 shall be amended as follows: "