Slot Charge Sample Clauses

Slot Charge.ย 4.1 For the purposes of paragraph 1, the term St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the following formula: ๐‘†๐‘ก = โˆ‘๐‘†๐‘–๐‘—๐‘ก โ€ข ๐‘ˆ๐‘†๐‘–๐‘—๐‘ก where: Sijt means an amount in respect of the Slot Charge for vehicle type i for journey type j for Relevant Year t, expressed in pounds sterling and rounded to four decimal places, which is derived from the following formula: ๐‘†๐‘–๐‘—๐‘ก = ๐‘†๐‘–๐‘—๐‘กโˆ’1 โ€ข (1 + (๐ถ๐‘ƒ๐ผ๐‘กโˆ’1โˆ’๐ถ๐‘ƒ๐ผ๐‘กโˆ’2)) ๐ถ๐‘ƒ๐ผ๐‘กโˆ’2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, Sijt shall have the value of the Slot Charge for vehicle type i and journey type j set out in the section of the Track Usage Price List entitled "Charter Slot Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year Sijt-1 shall have the same value; USijt means the actual number of journeys for the Relevant Year t for vehicle type i for journey type j (referred to in the Track Usage Price List) operated by or on behalf of the Train Operator under this contract; and โˆ‘ means the summation across all relevant vehicle types i and journey types j.
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Slot Charge.ย 4.1 For the purposes of paragraph 1, the term St means an amount in respect of the Slot Charge for the Relevant Year t which is derived from the following formula: = โˆ‘ โ€ข where:
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Slot Charge.ย Deleted: 1
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Related to Slot Charge

  • Service Charge The Tenant must pay the Service Charge in accordance with Part 1 of Schedule 3. VAT The Tenant must pay: VAT on any consideration in respect of a VAT Supply to the Tenant by the Landlord at the same time as the consideration is paid; and on demand VAT (and interest, penalties and costs where these are incurred because of anything the Tenant does or fails to do) charged in respect of any VAT Supply to the Landlord in respect of the Premises where that VAT is not recoverable by the Landlord from HM Revenue & Customs. The Tenant must not do anything that would result in the disapplication of the option to tax in respect of the Landlordโ€™s interest in the Building. Interest on overdue payments The Tenant must pay interest on the Rents and on all other sums not paid on or by the due date (or, if no date is specified, not paid within 10 Business Days after the date of demand). Interest will be payable at the Interest Rate for the period starting on the due date (or date of demand) and ending on the date of payment. Reimburse costs incurred by the Landlord The Tenant must pay on demand the Landlordโ€™s costs (including legal and surveyorโ€™s charges and bailiffโ€™s and enforcement agentโ€™s fees) and disbursements in connection with: any breach of the Tenantโ€™s obligations in this Lease, including the preparation and service of a notice under section 146 of the 1925 Act; any application by the Tenant for consent under this Lease, whether that application is withdrawn or consent is granted or lawfully refused, except in cases where the Landlord is required to act reasonably and the Landlord unreasonably refuses to give consent; [and] [carrying out works to the Premises to improve their Environmental Performance where the Tenant, in its absolute discretion, has consented to the Landlord doing so; and]31 the preparation and service of a schedule of dilapidations served no later than six months after the End Date. Third party indemnity32 The Tenant must indemnify the Landlord against all actions, claims, demands made by a third party, all costs, damages, expenses, charges and taxes payable to a third party and the Landlordโ€™s own liabilities, costs and expenses incurred in defending or settling any action, claim or demand in respect of any personal injury or death, damage to any property and any infringement of any right, in each case arising from: the state and condition of the Premises or the Tenantโ€™s use of them; the exercise of the Tenantโ€™s rights; or the carrying out of any Permitted Works. In respect of any claim covered by the indemnity in clause 4.7.1, the Landlord must: give formal notice to the Tenant of the claim as soon as reasonably practicable after receiving notice of it; provide the Tenant with any information and assistance in relation to the claim that the Tenant may reasonably require and the Landlord is lawfully able to provide, subject to the Tenant paying to the Landlord all costs incurred by the Landlord in providing that information and assistance; and mitigate its loss (at the Tenantโ€™s cost) where it is reasonable for the Landlord to do so.

  • Late Payment Charge If any principal, interest or any other sums due under the Loan Documents (including the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Mortgage and the other Loan Documents to the extent permitted by applicable law.

  • Pledge, Mortgage or Charge as Collateral for a Loan You may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.

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