Variable Usage Charge definition

Variable Usage Charge means a variable charge, calculated in accordance with paragraph 3.1 of Part 2;
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Variable Usage Charge means a variable charge, calculated in accordance with paragraph
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Variable Usage Charge means a variable charge, calculated in accordance with paragraph 3.1 of Part 2. Part 2 (Track Charges) Principal formula For each Relevant Year, the CVL IM shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: where: Tt means Track Charges for the Relevant Year t; Vt means an amount in respect of the Variable Usage Charge for the Relevant Year t which is derived from the formula in paragraph 3.1; St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the formula in paragraph 4.1 and Ct means an amount in respect of the Cancellation Charge (whether of a positive or negative value) for the Relevant Year t calculated in accordance with the provisions in paragraph 5.1. Not used
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Examples of Variable Usage Charge in a sentence

  • The reason for this is that the operating speed and operating weight of a freight vehicle can vary materially depending on the commodity type being transported and this is reflected in the Variable Usage Charge.

  • The Variable Usage Charge is paid by franchised passenger, freight, charter and open access passenger Railway Undertakings.

  • Variable Usage Charge (VUC) The purpose of the Variable Usage Charge is to recover our operating, maintenance and renewal costs that vary with traffic.

  • As such, the Variable Usage Charge reflects these characteristics.Passenger and freight variable usage charges are specified on a pence per vehicle mile and pound per thousand gross tonne mile basis respectively.

  • These charges may include:• Variable Usage Charge • Access Charge Supplements • Additional Charges (e.g. signal box opening outside normal hours).

  • In 2014, the SL organized or co-organised six specialized cultural events.

  • The Variable Usage Charge is paid by franchised passenger, freight and open access passenger railway undertakings.The Variable Usage Charge is largely based on a bottom- up analysis of Network Rail’s incremental costs.

  • This section discusses in detail the track access charges that Network Rail levies on franchised passenger, open access passenger and freight railway undertakings.The CP5 charges which are applicable from 1 April 2014 to 31 March 2019 can be found on the Network Rail access charges website.Variable Usage ChargeThe purpose of the Variable Usage Charge is to recover Network Rail’s operating, maintenance and renewal costs that vary with traffic.

  • These charges may include:• Variable Usage Charge • Access Charge Supplements • Additional Charges e.g.(for services requested for outside normal operating hours) • Electrification Asset Usage Charge (TBD) • Traction Electricity Charge (TBD).

  • The Variable Usage Charge is paid by franchised passenger, freight and open access passenger RUs.The Variable Usage Charge is largely based on a bottom-up analysis of our incremental costs.


More Definitions of Variable Usage Charge

Variable Usage Charge means a variable charge, calculated in accordance with paragraph 3.13.1 ofPart 2;Part 2;
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Variable Usage Charge means a variable charge calculated in accordance with paragraph Error! Reference source not found. of Error! Reference source not found.;
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Related to Variable Usage Charge

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.

  • Non-Usage Fee The meaning set forth in the applicable Fee Letter.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Monthly Recurring Charge or “MRC” shall mean the monthly recurring charges for the Service as set out in the Customer Order Form or COF;

  • Late Charge shall have the meaning set forth in Section 13.09 hereof.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Highest Last Dealt Price means the highest price transacted for a Share as recorded on the market day on which there were trades in the Shares immediately preceding the day of the making of the offer pursuant to the Off-Market Purchase; and

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Percent Local Usage (“PLU”) is a calculation which represents the ratio of the local minutes to the sum of local and intraLATA toll minutes between exchange carriers sent over Local Interconnection Trunks. Directory assistance, BLV/BLVI, 900, and 976 transiting calls from other exchange carriers and switched access calls are not included in the calculation of PLU.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Amortisation Yield means the rate per annum (expressed as a percentage) used to calculate the Amortised Nominal Amount of a Zero Coupon Note, in accordance with the provisions of Condition 7.5.1.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows: