Performance Sum definition

Performance Sum means an amount for which Network Rail or the Train Operator is liable under paragraphs 3 or 4 following a Period in relation to Minutes Delay in that Period and the preceding Periods, as adjusted in accordance with paragraph 8;

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Performance Sum means an amount for which the Train Operator or the CVL IM is liable under one of paragraphs 4 and 6 following a Charging Period in relation to Minutes Delay in that Charging Period and the preceding Charging Periods, as adjusted in accordance with paragraph 10;

Performance Sum means, in relation to a Service Group, a sum of money which Network Rail or Nexus is liable to pay to the other under this Schedule 8, as calculated in accordance with paragraph 9 or 10 as the case may be;

Examples of Performance Sum in a sentence

• The Aggregate Net Liability of the CVL IM for a Performance Sum in respect of any Charging Period shall not exceed the CVL IM Charging Period Limit.

• The Aggregate Net Liability of Network Rail for a Performance Sum in respect of any Charging Period shall not exceed the Network Rail Charging Period Limit.

• The Aggregate Net Liability of the Train Operator for a Performance Sum in respect of any Charging Period shall not exceed the Train Operator Charging Period Limit.

• Subject to paragraph 9.1.6, if the Train Operator would otherwise be liable for a Performance Sum which exceeds the Train Operator Charging Period Limit, then the amount by which such claim exceeds the Train Operator Charging Period Limit shall be taken into account when calculating the Train Operator’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

• After the resolution of any incidents referred for further investigation under Condition B2.3.2 of the CVL Network Code, the CVL IM shall provide to the Train Operator a final statement in respect of each Charging Period, listing: the total Performance Sum for which the CVL IM is liable under Schedule 8; and the total Performance Sum for which the Train Operator is liable under Schedule 8 in each case including such relevant calculations as the parties shall agree from time to time.

More Definitions of Performance Sum

Performance Sum means, in relation to a Service Group, a sum of money which the CVL IM or the Train Operator is liable to pay to the other under this Schedule 8, as calculated in accordance with paragraph 9 or 10, as the case may be;

Performance Sum means any payment to be made by either party to the other pursuant to Part 2;

Performance Sum has the meaning given to it in paragraph 1.1 of Schedule 7.1 (Operational Performance);

Performance Sum means an amount for which Nexus is liable under paragraph 6 following a Charging Period in relation to Minutes Delay in that Charging Period and the preceding Charging Periods;

Performance Sum means an amount determined in accordance with paragraph

Performance Sum means the RfL(I) Performance Sum or the Train Operator Performance Sum, as the context may require;

Performance Sum means, in relation to a Service Group, a sum of money