Benchmark Table definition

Benchmark Table means, in relation to: (a) any Cancellations Benchmark, the Cancellations Benchmark Table; (b) any TOC Minute Delay Benchmark, the TOC Minute Delay Benchmark Table; and (c) any Short Formation Benchmark, the Short Formation Benchmark Table;

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Benchmark Table means, in relation to:

Benchmark Table has the meaning given to it in paragraph 1.1 of Schedule 7.1 (Performance Benchmarks);

Examples of Benchmark Table in a sentence

Subject to any annual review of the daily rentals payable by the Lessee under the Benchmark Table which may be required by the independent non-executive Directors, the Benchmark Table will be applied throughout the term of the New Minibus Leasing Agreement and will be reviewed upon the renewal of the New Minibus Leasing Agreement.
The lease of such Buses set out in Schedule 1 shall be governed by the terms and conditions of this Agreement and their Rentals shall be determined by the Benchmark Table.
The Benchmark Table as adjusted shall apply with retrospective effect from the first day on which the PLBs with such additional seats and related refitting installed are available for use by the Lessee.
The Benchmark Table shall be adjusted in accordance with the prevailing market rental as so assessed by the independent valuer, whose decision shall be final and conclusive and binding on the Parties.
For the avoidance of doubt, the Rental in respect of each Bus shall be adjusted during the Lease Period by reference to the Age of such Bus in accordance with the Benchmark Table.
Where the Secretary of State exercises his right pursuant to this paragraph 1.11, the relevant Cancellations Benchmark Table, Annual Cancellations Benchmark Table, TOC Minute Delay Benchmark Table and/or Annual TOC Minute Delay Benchmark Table, shall be deemed to have been amended accordingly.
The rentals in respect of each PLB will be reduced during the lease period by reference to the age of each PLB in accordance with the Benchmark Table.
Accordingly, there will be upward adjustment to the market rentals payable by the Group under the Benchmark Table as necessitated by the installation of additional seats to the PLBs as permitted by the new law.
The rentals in respect of each of the 19-seater PLBs will be reduced during the lease period by reference to the age of each 19-seater PLB in accordance with the Benchmark Table.
Cancellations Benchmark Table (Clause 5.15)303 [Year 1] Period 12 Period 13 [Year 2] Period 1304 Period 13 [Year 3] Period 1 Period 13 [Year 4] Period 1 303 Where text has been omitted from the document this is because the Director General Rail or Secretary of State has decided to exclude the text in accordance with the provisions within the Freedom of Information ▇▇▇ ▇▇▇▇.

More Definitions of Benchmark Table

Benchmark Table means the table set out in Schedule 2, subject to such revision as may from time to time be made pursuant to Clauses 3.02 “Bus(es)” means the minibuses together with their vehicle registration licences, brief particulars of which are set out in Schedule 1, subject to such replacement, addition, removal or changes from time to time in accordance with the terms of this Agreement (reference to each bus may be referred to as “Bus”) “Company” AMS Public Transport Holdings Limited, a company incorporated in the Cayman Islands with limited liability and the shares of which are listed on the Stock Exchange, being the holding company of the Lessee “Comprehensive Insurance” means a total protection insurance which covers any accidental loss or damage to a vehicle (including its accessories and spare parts) as well as the liability in respect of Third Party Risks “Fifth Original Agreement” shall have the meaning ascribed to it in Recital (N) “First Original Agreement” shall have the meaning ascribed to it in Recital (E) “Force Majeure” shall include fires, flood, earthquakes, terrorist attacks, wars, restraints affecting shipping or other transportation, national calamities, acts of God, acts of any government or supra-national legal authority and other causes provided that they are not within the reasonable control of the non-performing Party “Fourth Original Agreement” shall have the meaning ascribed to it in Recital (K) “Glory Success” shall mean Glory Success Transportation Limited ( 捷滙運輸有限公司), a company incorporated in Hong Kong “HKMB” shall mean Hong Kong Metropolitan Bus Limited ( 香港都會巴士有限公司 ), a company incorporated in Hong Kong “holding company” shall have the meaning ascribed to it in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong)

Benchmark Table the benchmark table adopted under the New Minibus Leasing

Benchmark Table means, in relation to: (a) any Cancellations Benchmark, the Cancellations Benchmark Table;

Benchmark Table the benchmark table adopted under the New Minibus Leasing Agreement forming the basis for calculation of rentals for the PLBs payable thereunder; “Big Three” Big Three Limited (大叁有限公司), a company incorporated in Hong Kong and owned as to (i) 40% by Mr. ▇▇▇▇▇▇▇ ▇▇▇▇ (out of which 10% is held on trust for ▇▇. ▇▇▇▇▇ ▇▇▇▇ as beneficiary) and (ii) 60% by ▇▇. ▇▇, Ms. ▇▇▇▇▇▇ ▇▇▇▇, Ms. ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇. ▇▇▇▇ ▇▇▇▇ (as to 10%, 30% (out of which 20% is held on trust for ▇▇. ▇▇▇▇▇ ▇▇▇▇ as beneficiary), 10% and 10% respectively);

Benchmark Table has the meaning given to it in paragraph 1.1 of