Common use of Variable Usage Charge Clause in Contracts

Variable Usage Charge. For the purposes of paragraph 1, the term Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t (including any light locomotive movements) which is derived from the following formula: 𝑉𝑡 = ∑𝑉𝑖𝑡 • 𝑈𝑉𝑖𝑡 where: Vit means an amount for vehicle type i for Relevant Year t, expressed in pounds sterling per Train Mile and rounded to four decimal places, which is derived as follows:

Variable Usage Charge. For the purposes of paragraph 1, the term Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t (including any light locomotive movements) which is derived from the following formula: 𝑉�� = ∑𝑉∑ 𝑖𝑡 • 𝑈𝑉��𝑡 where: Vit means an amount for vehicle type i for Relevant Year t, expressed in pounds sterling per Train Mile and rounded to four decimal places, which is derived as follows: