Regime Duration definition

Regime Duration means the 25 year period

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Regime Duration means a period of 25 Relevant Years commencing on the

Examples of Regime Duration in a sentence

• CP is the number of completed Periods since the commencement of the PPM Regime Duration.

• In respect of each Service Brand, at the end of each Period during the PPM Regime Duration, the Train Operator Fixed Payment (TFP) shall be calculated as follows: Where: TFPR is the Train Operator Fixed Payment Rate for the Service Brand as set out in column L of Appendix 1 of this Schedule 12.

• The balance shall be payable by Network Rail or the Train Operator, as the case may be, within 35 days of the ▇▇▇ Approval Date for the PPM Regime Duration.

• In respect of each Service Brand, at the end of each Period during the PPM Regime Duration, the Network Rail Fixed Payment (NRFP) for each Period shall be calculated as follows: NRFP = NRFPR x CP Where: NRFPR is the Network Rail Fixed Payment Rate for the Service Brand as set out in column F Appendix 1 of this Schedule 12.