Operational Charge definition

Operational Charge means the Charge identified and calculated as set out in paragraph 8 of Schedule 7.1 (Charges and Payment);
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Operational Charge set forth in D of I of Exhibit C is restated in its entirety as follows: At the option of the Customer, exercised by written notice to the Supplier given not less than thirty (30) days prior to the end of any Contract Year, the Customer may elect to have the Operational Charge for the next Contract Year fixed at an amount equal to one hundred twenty percent (120%) of the Operational Charge for the Contract Year then ended (as determined pursuant to clause i above (the "Fixed Operational Charge Amount")). Thereafter, for each new Contract Year the Operational Charge shall be equal to the Fixed Operational Charge Amount multiplied by a fraction, the denominator of which shall be the CPI as of the most recent date of publication thereof prior to the first day of the Contract Year for which the Fixed Operational Charge Amount was first established and the numerator of which shall be the CPI most recently published prior to the first day of such new Contract Year.
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Operational Charge has the meaning set out in paragraph 8.1 (Operational Services: Operational Charges and Other Sums Due) of Schedule 7 (Charging);
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Examples of Operational Charge in a sentence

  • The Train Operator shall, in respect of any Service (and its associated Ancillary Movements) that it wishes to operate wholly or partly outside of the Core Operational Period, or wholly or partly on routes which form part of the Network over which passenger services do not operate, pay to Network Rail a Non-Core Operational Charge.

  • The Train Operator shall, in respect of any Service (and its associated Ancillary Movements) that it wishes to operate wholly or partly outside of the Core Operational Period, or wholly or partly on routes which form part of the CVL over which passenger services do not operate, pay to the CVL IM or its nominee a Non-Core Operational Charge.

  • For the avoidance of doubt, the Billing Model calculates the Operational Charge from the actual volumes of the Operational Chargeable Processes by reference to (i) a fixed staff unit rate and (ii) a fixed non-staff unit rate (in each case as set out in the Billing Model).

  • Credit card discounts and service charges shall be for the account of Agent and shall not be deemed an Operational Charge.

  • Such emergency repairs up to the sum of $400.00 shall be deemed an Operational Charge.

  • The annual fees of the Preventive Maintenance Plan Agreement shall be deemed an Operational Charge.

  • The intention of the General Change proposed by the Service Provider shall be to maximise the element of the variable price to TTL, whilst ensuring that the fixed costs are recovered at minimum volumes via the fixed monthly Operational Charge.

  • If at any time the Agent ceases to be the Management Agent for Las Casitas I Resort Condominium, then the Unit's regular monthly Regime Maintenance Fees shall not be deemed an Operational Charge for purposes of calculating the Agent's Commission.


More Definitions of Operational Charge

Operational Charge means personal and direct supervision of machinery on shift or day work involving duties concerned with the normal operation and maintenance of such machinery;
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Related to Operational Charge

  • Additional Charge has the meaning given to it in the Management Agreement; ‘Agreement’ means this agreement including background recitals and the Schedules as may be amended pursuant to clause 16.3;

  • Additional Charges shall have the meaning given such term in Section 3.1.3.

  • Legal Charge means the legal charge over the Land to be entered into by the Academy Trust in favour of the Secretary of State, in a form and substance satisfactory to the Secretary of State.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to Section 4.8, where the percentage varies by the Participant Account Year in which the withdrawal is made. The first Participant Account Year begins on the date when AUL establishes a Participant Account and credits the initial Contribution for the Participant, and ends on the day immediately preceding the next anniversary of such date. Each Participant Account Year thereafter begins on such an anniversary date and ends on the day immediately preceding the next succeeding anniversary date. The Withdrawal Charge percentage is as follows: During Withdrawal Charge Participant Account Years Percentage However, for any Participant who also participates in AUL Series III group annuity contract GA XX,XXX, the initial Withdrawal Charge percentage under this contract shall be equal to the Withdrawal Charge percentage applicable to the Participant under the AUL Series I group annuity contract from which funds have been transferred to such Series III contract, determined by AUL immediately prior to the date of such transfer, rounded down to the next whole Withdrawal Charge percentage if the Withdrawal Charge percentage under such Series I contract is a fractional Withdrawal Charge percentage. However, the Withdrawal Charge percentage under this paragraph shall never be greater than 8%. The Withdrawal Charge percentage shall be decreased by 1% for each subsequent Participant Account Year until the Withdrawal Charge percentage equals 4%. (However, if the applicable Series I contract Withdrawal Charge percentage is less than 4%, it shall be rounded up to 4% in this contract.) This 4% Withdrawal Charge percentage shall be in effect during the next 6 consecutive Participant Account Years. Thereafter, the Withdrawal Charge percentage shall be reduced to 0%. In no event will the cumulative total of all Withdrawal Charges, including those previously assessed against any amount withdrawn from a Participant Account, exceed 9% of total Contributions allocated to that Participant Account.