Principal formula Sample Clauses

Principal formula. For each Relevant Year, Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: 𝑇𝑡 = 𝑉𝑡 + 𝑆𝑡 + 𝐸𝑡 + 𝐸𝐴𝑉𝑡 + 𝐶𝑡 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; Et means an amount in respect of the Traction Electricity Charge for the Relevant Year t which is derived from the formula in paragraph 6.1; EAVt means an amount in respect of the Electrification Asset Usage Charge for Relevant Year t which is derived from the formula in paragraph 7.1; 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.
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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: 𝑇𝑡 = 𝑉𝑡 + 𝑆𝑡 + 𝐶𝑡 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.
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Principal formula. 1.1 During 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 in Relevant Year t; Vt means an amount in respect of the Variable Usage Charge in Relevant Year t which is derived from the formula in paragraph 3.1 Dt means an amount (if any) in respect of the VUC Default Charge in Relevant Year t which is calculated in accordance with paragraph 3.3.
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Principal formula. During each Relevant Year (and, in respect of Ft, prorationed for each day of any period of this contract comprising less than a full Relevant Year), Network Rail shall levy and the Train Operator shall pay Track Charges in accordance with the following formula: = + + + + + , where: Tt means Track Charges in Relevant Year t; Ft means an amount in respect of the Fixed Track Charge in Relevant Year t, expressed in pounds sterling and rounded to two decimal places, which shall be:
Sample 1See All (4)
Principal formula. Each Partner’s Annual Reconciliation Amount (PARy) for each Contract Year shall be calculated using the following formula: PARy = PAUPy – PMPy – PQPy Where: PARy = the Partner’s Annual Reconciliation Amount PAUPy = the Partner’s Annual Unitary Payment due for the relevant Contract Year calculated in accordance with paragraph 3 of this Schedule 11 PMPy = the aggregate of the Partner’s Monthly Payments (PMPt) in respect of the relevant Contract Year, calculated in accordance with paragraph 4 of this Schedule 11 PQPy = the aggregate of the Partner’s Quarterly Payments (PQPq) in respect of the relevant Contract Year, calculated in accordance with paragraph 5 of this Schedule 11 7. MONTHLY ADJUSTMENTS Monthly Adjustments shall be made for each Partner's share of Performance Standard Deductions in respect of the Services not being delivered in accordance with Key Performance Indicators (KPIs), calculated in accordance with [paragraph 11] of the Project Agreement Payment Mechanism, Transport Adjustments in respect of costs incurred by the Partners as a result of diversion of Contract Waste from Delivery Points and Deductions for Non-Acceptance of Contract Waste by the Contractor pursuant to paragraph [12] of the Project Agreement Payment Mechanism. Monthly Adjustments in respect of each Payment Period (PMAt) shall be applied to the Quarterly Payment for the Quarterly Period in which they occur.
Sample 1
Principal formula. ‌ The Train Operator shall pay to HS1 Ltd Track Charges in respect of each Period p in accordance with the following formula: Tp = IRCp + OMRCp + Ep + CRCp – CRRp + CTp + OSCp + CCp where: Tp means the Track Charges in respect of Period p; IRCp means the IRC in respect of Period p, calculated in accordance with the provisions of paragraph 2.1 and charged in advance of the commencement of each Advance Period;
Sample 1
Principal formula. Each Partner’s Monthly Payment for each Payment Period shall be calculated using the following formula: PMP = PUC m m + PNNDR - PR1D m m Where: PMPm = the Monthly Payment payable by the Partner for the relevant Payment Period 'm' PUCm = the amount due by the Partner in respect of the Unitary Charge in the relevant Payment Period 'm' calculated in accordance with paragraph 4.2 of this schedule 11 PNNDR m = the NNDR cost payable by each Partner in the relevant Payment Period 'm' calculated in accordance with paragraph 4.4 of this schedule 11 PR1D m = the Partner’s allocation of the R1 Deduction (R1Dm) calculated in accordance with paragraph 3.13 of this schedule 11
Sample 1
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Principal formula. For each Relevant Year, Network Rail 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; Et means an amount in respect of the Traction Electricity Charge for the Relevant Year t which is derived from the formula in paragraph 6.1; EAVt means an amount in respect of the Electrification Asset Usage Charge for Relevant Year t which is derived from the formula in paragraph 7.1; 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; Kt means an amount in respect of the Charter Capacity Charge for the Relevant Year t which is derived from the formula incalculated in accordance with paragraph 8.18; and KWt means an amount in respect of the Charter Capacity Charge Wash-Up for the Relevant Year t which is derived from the formula incalculated in accordance with paragraph 8.2.28.
Sample 1

Related to Principal formula

  • Overtime-Eligible Unpaid Meal Periods ‌ The Employer and the Union agree to unpaid meal periods that vary from and supersede the unpaid meal period requirements of WAC 000-000-000. Unpaid meal periods for employees working more than five (5) consecutive hours, if entitled, will be a minimum of thirty (30) minutes and will be scheduled as close to the middle of the work shift as possible. Employees working three (3) or more hours longer than a normal workday will be allowed an additional thirty (30) minute unpaid meal period. When an employee’s unpaid meal period is interrupted by work duties, the employee will be allowed to resume their unpaid meal period following the interruption, if possible, to complete the unpaid meal period. In the event an employee is unable to complete the unpaid meal period due to operational necessity, the employee will be entitled to compensation, which will be computed based on the actual number of minutes worked within the unpaid meal period. Meal periods may not be used for late arrival or early departure from work and meal and rest periods will not be combined.

  • Shift Differential Pay A. An employee shall receive additional compensation at the rate of seventy five cents (75¢) per hour for all hours worked on a shift when the majority of hours worked on the shift are between 5:30 p.m. and 7:30 a.m. and in locations where these classes are regularly assigned shift work.

  • SPECIALIZED JOB CLASSES Where there is a particular specialized job class in which the pay rate is below the local market value assessment of that job class, the parties may use existing means under the collective agreement to adjust compensation for that job class.

  • TEACHING HOURS AND CLASS LOAD A. Teacher hours of duty shall be: Seven (7) hours and forty-five (45) minutes per day

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) 1/10th) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.

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