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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