Saved Resource definition
Examples of Saved Resource in a sentence
All Parties agree that the redeployment of Saved Resource may include price reductions or the cost of other commercial or operational interventions designed to have a customer benefit, and which have the potential to contribute to the overall shared objective of passenger volume growth.
All Parties acknowledge that the reinvestment of the Saved Resource may be applied to the Network as peak vehicle requirement and/or bus mileage and/or bus hours of operation, lower fares or increased investment by the agreement of the affected Operator, Executive and Council (following consultation through the Executive of any Operators the Executive deem affected).
The Operators agree that insofar as a Network Change or Network Review results in Saved Resource then subject to the agreement of the Executive and the Council (following consultation through the Executive of any affected Operators) the Saved Resource will be redeployed to another part of the area covered by this Agreement where evidence of demand exists or invested in other elements of these partnership arrangements, or be used to offset a material deterioration in bus operation finances (see clause 2.3).