SPD Cost Threshold No.1 definition
SPD Cost Threshold No.1 means[£500,000]/[£250,000]1; “SPD Cost Threshold No.2” means [£1,000,000]/[£500,000]2; “SPD Revenue Threshold No.1” means [●];3
SPD Cost Threshold No.1 means £304,750; “SPD Cost Threshold No.2” means £609,500; “SPD No.1” Revenue Threshold means 20% of a figure to be determined and published by ▇▇▇;
SPD Cost Threshold No.1 means[£500,000]/[£250,000]21; “SPD Cost Threshold No.2” means [£1,000,000]/[£500,000]32; “SPD Revenue Threshold No.1” means [●];43 “SPD Revenue Threshold No.2” means [●];54 “Sustained Planned Disruption” or “SPD” means a circumstance where:(a) the aggregate of all payments made by Network Rail which werethe compensation calculated in accordance with paragraph 3 for any RestrictionRestrictions 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 exceeds the amount already received by the Train Operatorand the compensation calculated in accordance with paragraph 3 for such Restrictions of Use during that period byis more than £10,000; or(b) in respect of any Restrictions of Use during any:(i) 3 consecutive Periods the difference between the Train Operator’s RoU Liability (excluding any loss of revenue) calculated in accordance with paragraph 8 and the Train Operator’s actual costs calculated under paragraph 4 is more than SPD Cost Threshold No. 1; or(ii) 7 consecutive Periods the difference between the Train Operator’s RoU Liability (excluding any loss of revenue) calculated in accordance with paragraph 8 and the Train Operator’s actual costs calculated under paragraph 4 ismore than SPD Cost Threshold No. 2; “Service Code” shall have the meaning ascribed to it in Schedule 8;
More Definitions of SPD Cost Threshold No.1
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
SPD Cost Threshold No.1 means [£●in 2023-2024 prices];