SPP Threshold definition

SPP Threshold means either the RfL(I) SPP Threshold or the Train Operator SPP Threshold (each as defined in paragraph 18 of Schedule 8);
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SPP Threshold has the meaning ascribed to it in paragraph 18 of Schedule 8;
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SPP Threshold means the value specified in respect of the end of the relevant Calculation Term in Appendix 3 (as indexed in accordance with paragraph 19).
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Examples of SPP Threshold in a sentence

  • The CVL IM shall indemnify the Train Operator against all Relevant Losses in accordance with this paragraph 18 if, and to the extent that, the Average Periodic Liability shows the CVL IM has exceeded (that is, equalled or been worse than) the relevant SPP Threshold.

  • Review Appendices 1 and 2 to this Schedule 8 and the definitions of RfL(I) SPP Threshold and Train Operator SPP Threshold are the Matters Subject to Rebenchmarking.

  • Subject to Clause 11, RfL(I) shall indemnify the Train Operator against all Relevant Losses in accordance with this paragraph 18 if, and to the extent that, the RfL(I) Performance Sums payable by RfL(I) in respect of any Period exceeds the relevant RfL(I) SPP Threshold.

  • Network Rail shall indemnify the Train Operator against all Relevant Losses in accordance with this paragraph 18 if, and to the extent that, the Average Periodic Liability shows Network Rail has exceeded (that is, equalled or been worse than) the relevant SPP Threshold.

  • Subject to Clause 11, the Train Operator shall indemnify RfL(I) against all Relevant Losses in accordance with this paragraph 18 if, and to the extent that, the Train Operator Performance Sums payable by the Train Operator in respect of any Period exceeds the relevant Train Operator SPP Threshold.


More Definitions of SPP Threshold

SPP Threshold means the value specified in respect of the end of the relevant Calculation Term in Appendix 4 (as indexed in accordance with paragraph 13).
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