Net Financial Effect definition

Net Financial Effect means the net effect in financial terms of a Material Change on QR Network in relation to performing its obligations or exercising its rights under this Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QR Network shall, to the extent that change affects the financial position of QR Network, be deemed to be an additional cost to QR Network of performing its obligations under this Agreement.
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Net Financial Effect means the net effect in financial terms of a Material Change on Aurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or a Train Operations Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network shall, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or a Train Operations Agreement.
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Net Financial Effect means the net effect in financial terms of a Material Change on Aurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network shall, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or the End User’s Access Agreement.
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Examples of Net Financial Effect in a sentence

  • Participating Operators shall also be compensated for the Net Financial Effect of all Passenger Journeys made under the terms of local Discretionary Elements by holders of ENCTS Passes and which commence from a boarding stage defined as being within the principal area of the Scheme.

  • The Net Financial Effect shall be calculated with regard to the Annex of EC Regulation 1370/2007 and with the objective of achieving the “no better/no worse” position for Participating Operators as set out in the Travel Concession Schemes Regulations 1986 and/or any successor or additional Regulations.

  • Participating Operators shall be compensated for the Net Financial Effect of carrying all Passenger Journeys made under the terms of the Statutory Elements and Discretionary Elements by holders of ENCTS Passes which commence from a boarding stage defined as being within the principal area of the Scheme.

  • The Operator must use all reasonable endeavours to minimise the Net Financial Effect on the Operator of any proposed amendments to a System Wide Requirement.

  • Net Financial Effect means the net financial effect of a change in law on Service Provider’s relevant costs, taking into account any offsetting benefits and adverse effects directly or indirectly connected to the change in law and costs which are otherwise reimbursable by the User to Service Provider under the Transportation Agreement.

  • Following a review by the NTA of this financial submission, a determination is made according to a formula of the Net Financial Effect for the contractual year in question.

  • If a Dispute referred to in clause 12.5(a) is not resolved in accordance with clause 30.2, then the Parties must refer the Dispute to an Expert to determine the Net Financial Effect (excluding any Foreseeable Costs and Detriments) on the Operator of the variations to the Nominal Payload, Maximum Payload and Nominated Monthly Operational Rights for the relevant Train Service Type under this clause 12.

  • This clause 18.2 does not apply where a Reference Tariff applies or in relation to a Material Change to the extent that the Net Financial Effect of that Material Change has been, or will be, removed as a result of: amendments to schedule 3 in accordance with clause 18.1; or the escalation or variation of Access Charge Inputs in accordance with this agreement.

  • If a Material Change occurs, then Queensland Rail must as soon as reasonably practicable notify the Access Holder giving details of the Net Financial Effect of that Material Change.

  • If there is a change in law (other than to the extent it relates to new or amended income or capital gains taxes) which results in a change in the relevant costs of service provider or its Related Bodies Corporate by more than a trivial amount, the Parties must adjust the amounts payable by the User under the agreement or make provision for a lump sum payment of compensation or another form of adjustment for the Net Financial Effect experienced by service provider as a consequence of the change in law.


More Definitions of Net Financial Effect

Net Financial Effect means the effect of a public service contract on costs incurred and revenues generated in dischar­ ging the public service obligations, taking account of revenue relating thereto kept by the railway undertaking performing the public service contract and a reasonable profit, calculated in accordance with point 2 of Annex to Regulation (EC) No 1370/2007.
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Net Financial Effect means the net effect in financial terms of a Material Change on Queensland Rail in relation to performing its obligations or exercising its rights under this Agreement and/or a Train Operations Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Queensland Rail shall, to the extent that change affects the financial position of Queensland Rail, be deemed to be an additional cost to Queensland Rail of performing its obligations under this Agreement and/or a Train Operations Agreement.
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Net Financial Effect means the net effect in financial terms of a Change in Law on the costs of Aurizon performing its obligations or exercising its rights under this Agreement, including any offsetting benefits or adverse effects directly or indirectly connected to the Change in Law.
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Net Financial Effect means the net effect in financial terms of a Material Change on QRAurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QRAurizon Network shall, to the extent that change affects the financial position of QRAurizon Network, be deemed to be an additional cost to QRAurizon Network of performing its obligations under this Agreement and/or anthe End User’s Access Agreement.
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Net Financial Effect means the net effect in financial terms of an Increased Costs Event on the costs incurred by the Seller in producing, processing, transporting or selling the Gas to be supplied under this Agreement, taking into account any offsetting benefit available to the Seller which is related to the Increased Costs Event. New Emissions Scheme means the introduction of a new Carbon Scheme that directly imposes a liability, cost or expense on the Seller in respect of the number of tonnes of potential greenhouse gas emissions (measured in the Relevant Substance) embodied in an amount of Gas supplied at the Delivery Point under this Agreement. NDQ or Nominated Daily Quantity means the quantity of Gas which the Buyer nominates in accordance with clause 9 for delivery to the Delivery Point on any Day but which cannot exceed on any Day the MDQ for that Day. Non-Defaulting Party means the Party which is not the Defaulting Party in respect of a Default. Nominations means nominations for the quantity of Gas to be delivered on any Day as given by the Buyer in accordance with clause 9. Notice has the meaning given in clause 26.1. Off-Specification Gas means gas which does not meet the Specification.
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Related to Net Financial Effect

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.