Variable Usage Charge 4th SA Clause Samples

Variable Usage Charge 4th SA. Vit means an amount for a type of vehicle i for Relevant Year t, expressed in ▇▇▇▇▇ per Vehicle Mile and rounded to two decimal places, which is derived as follows: in respect of any Relevant Year t commencing on or after 1 April 2024, Vit shall have, in respect of each Vehicle Mile, the value set out in the section of the Track Usage Price List entitled “West Coast Railway Company Limited Variable Usage Charge rates (Jacobite)”, multiplied by the phased-in charges indexation adjustment derived from the following formula: 𝑃𝐶𝐼𝐴 = (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼2022) where: ) 𝐶𝑃𝐼2022