Incident Cap definition

Incident CapΒ in respect of each Financial Year, means the Incident Cap selected by the Train Operator in accordance with paragraph 11.1; "Incident Cap Notice" has the meaning ascribed to it in paragraph 11.1.2; "Initial Incident Cap Notice" has the meaning ascribed to it in paragraph 11.1.1;
Sample 1Sample 2Sample 3

Examples of Incident Cap in a sentence

  • For the purposes of determining the Indemnity Incident Cap under Clause 11.6.5, the applicable Contract Year shall be the Contract Year (as defined in Schedule 9) in which the relevant incident, event or circumstance begins to occur.

  • The Incident Cap Access Charge Supplement Rate applicable to the Train Operator under this contract shall be the rate set out in the column adjacent to the Incident Cap selected by the Train Operator in the Initial Incident Cap Notice until it is replaced by a different level of Incident Cap selected by the Train Operator in an Incident Cap Notice issued pursuant to paragraph 11.1.2.

  • In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge.

  • For the purposes of determining the Indemnity Incident Cap under Clause 11.6.5, the applicable Contract Year shall be the Contract Year in which the relevant incident, event or circumstance begins to occur.

  • Minutes Delay in respect of Train Operator performance Minutes Delay in respect of Train Operator performance Prescribed delay period For the purposes of this paragraph 4, the aggregate Minutes Delay to Third Party Trains Attributable to the Train Operator arising as a result of any one incident or event shall be capped at the Incident Cap, so that any such minutes in excess of the Incident Cap shall be disregard.

  • Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period.

  • Cap On or before the date on which this paragraph 11.1 takes effect, the Train Operator shall notify Network Rail in writing of the level of Incident Cap it wishes to apply (the "Initial Incident Cap Notice").

  • The Incident Cap Access Charge Supplement shall be calculated in accordance with the following formula: Incident Cap Access Charge Supplement = CMCP x ICACSR where: CMCP means the sum of the Contract Miles operated in a Charging Period; and ICACSR means the Incident Cap Access Charge Supplement Rate.

  • The Incident Cap Access Charge Supplement shall be calculated in accordance with the following formula: 𝐼𝑛𝑐𝑖𝑑𝑒𝑛𝑑 πΆπ‘Žπ‘ 𝐴𝑐𝑐𝑒𝑠𝑠 πΆβ„Žπ‘Žπ‘Ÿπ‘”π‘’ π‘†π‘’π‘π‘π‘™π‘’π‘šπ‘’π‘›π‘‘ = 𝐢𝑀𝐢𝑃 Γ— 𝐼𝐢𝐴𝐢𝑆𝑅 where: CMCP means the sum of the Contract Miles operated in a Charging Period; and ICACSR means the Incident Cap Access Charge Supplement Rate.

Related to Incident Cap

  • Incident command system means: (a) An all-hazards, on-scene functional management system that establishes common standards in organization, terminology, and procedures; provides a means (unified command) for the establishment of a common set of incident objectives and strategies during multiagency/multijurisdiction operations while maintaining individual agency/jurisdiction authority, responsibility, and accountability; and is a component of the national interagency incident management system; or (b) an equivalent and compatible all-hazards, on-scene functional management system.

  • Funded Activities means the activities set out in Annex 2 of these Conditions; Funding Period means the period for which the Grant is awarded starting on the Commencement Date and ending on [INSERT]; General Data Protection Regulations and GDPR means (Regulation (EU) 2016/679); Grant means the sum or sums the Authority will pay to the Grant Recipient in accordance with paragraph 4 of these Conditions and subject to the provisions set out at paragraph 25.

  • Cost of Services is FASC’s total Operating Costs incurred in providing the applicable Category of Services during the month to all investment advisers for which FASC provides that Category of Services. β€œAdviser’s Assets under Management” is the total average assets under management for the month for all Accounts or portions thereof for which the Adviser acts as investment adviser or subadvisor and which utilize the Category of Services.

  • Interscholastic Activities means athletic or non-athletic/academic activities where students compete on a school vs. school basis.

  • Son or daughter on active duty or call to active duty status means the employee's biological, adopted, or foster child, stepchild, legal ward, or a child for whom the employee stood in loco parentis, who is on active duty or call to active duty status, and who is of any age.

  • Notice and Administration Expenses means all costs, fees, and expenses incurred in connection with providing notice to the Settlement Class and the administration of the Settlement, including but not limited to: (i) providing notice of the proposed Settlement by mail, publication, and other means to Settlement Class Members; (ii) receiving and reviewing claims; (iii) applying the Plan of Allocation; (iv) communicating with Persons regarding the proposed Settlement and claims administration process; (v) distributing the proceeds of the Settlement; and (vi) fees related to the Escrow Account and investment of the Settlement Fund.