RoU Losses definition

RoU Losses means any RoU Direct Costs or RoU Liability (as applicable);
Sample 1Sample 2Sample 3
RoU Losses means any RoU Direct Costs or RoU Liability (as applicable);“RoU Trigger Date”means, in respect of any Period, the later to occur of the following:(a) the date on which Network Rail issues a Day 42 Statement; and(b) in the event of any dispute in respect of NetworkRail’s Day 42 Statement, the date on which such dispute is agreed or determined;“RoU Variable Costs”means any Train Operator costs which vary as a result of a Restriction of Use arising directly from changes in train mileage including maintenance, fuel or electricity costs, the Variable Track Usage Charge and the Capacity Charge;“SPD Claim”has the meaning specified in paragraph 2.10(c);“SPD Notice”means a notice issued by either party pursuant to paragraph 2.10(a);“SPD Period”means the period for which a claim is being made in an SPD Claim which is consistent with the requirements of paragraph 2.10(d);“SPD Cost Threshold No.1”means [●];1“SPD Cost Threshold No.2”means [●];2“SPD Revenue Threshold No.1”means [●];3“SPD Revenue Threshold No.2”means [●];4“Sustained Planned Disruption” or “SPD”means a circumstance where:(a) the aggregate of all payments made by Network Rail which were calculated in accordance with paragraph 3 for any Restriction of Use during:(i) 3 or more consecutive Periods is equal to or exceeds SPD Revenue Threshold No.1; or(ii) 7 or more consecutive Periods is equal to or exceeds SPD Revenue Threshold No.2,and that the difference between the RoU Liability calculated in accordance with paragraph 8
Sample 1

Examples of RoU Losses in a sentence

  • The parties may at any time engage in discussions on any matter likely to result in payments in respect of any RoU Losses and shall use reasonable endeavours to agree whether such RoU Losses calculated in accordance with paragraph 6, 7 or 8 are likely to arise and/or what mitigating actions should be contemplated to reduce or avoid such RoU Losses.

  • Unless otherwise agreed, the timescales for claiming RoU Losses shall still apply.

  • The party initiating such discussions shall provide to the other reasonable evidence in writing of why it thinks such RoU Losses will arise or mitigating actions should be contemplated.

Related to RoU Losses

  • Relevant Losses means, in relation to:

  • Losses shall have the meaning set forth in Section 5(a).

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.