(c) Network Rail and one or more other train operators, establishing an alliance under which the parties to such legally binding agreement agree to share risk or reward or both on a REBS Route or part thereof on which the Train Operator operates Services and which is likely to have a material direct financial impact on one or more elements of Network costs or income Rail’s included within the Route Baseline; Train m” means, as the context requires, either: “Metered (a) a train of a particular type; or (b) a specific train having a train ID, in either case as specified in Appendix 3 of this Schedule 7 or Appendix 2 or Appendix 4 of the Traction Electricity Rules; Rail Distribution System Loss Factor” means the relevant factor that “Network represents the electrical losses between the On-Train Meter and Network Rail’s meter through which it purchases traction electricity for the AC System or the DC System in Geographic Area g, as set out in Appendix 3 of the Traction Electricity Rules; Registered Equipment” means a type of railway vehicle or vehicle “New commodity combination not incorporated in the section of the Track Usage Price List entitled Variable Usage Charge “Freight rates”; Meter” and "On-Train Metering" have the meanings ascribed to them “On-Train in paragraph 1.2 of the Traction Electricity Rules; Qualifying Modification Criteria” means the criteria issued by ORR as “ORR’s described in paragraph 2.9.1; Train” means any Service that is not a Coal Train or an Intermodal Train; “Other Trains Baseline” has the meaning attributed to it in paragraph 2.3.6; “Other Cap” means the maximum possible amount in pounds sterling “Outperformance that can be attributed to a REBS Outperformance as published by Network Rail in its Delivery Plan; Sum” means the lower of: “Outperformance the Outperformance Cap as indexed in accordance with paragraph 4.11; and 25% of the amount in pounds sterling which ORR, in its annual efficiency and finance assessment of Network Rail, determines in respect of the REBS Outperformance; in Charges Indexation Adjustment” has the meaning ascribed to it in “Phased paragraph 2.7.3;
(c) Network Rail and one or more other train operators, establishing an alliance under which the parties to such legally binding agreement agree to share risk or reward or both on a REBS Route or part thereof on which the Train Operator operates Services and which is likely to have a material direct financial impact on one or more elements of Network Rail’s costs or income included within the Route Baseline; “Metered Train m” means, as the context requires, either: (a) a train of a particular type; or (b) a specific train having a train ID, in either case as specified in Appendix 3 of this Schedule 7 or Appendix 2 or Appendix 4 of the Traction Electricity Rules; “Network Rail Distribution System Loss Factor” means the relevant factor that represents the electrical losses between the On-Train Meter and Network Rail’s meter through which it purchases traction electricity for the AC System or the DC System in Geographic Area g, as set out in Appendix 3 of the Traction Electricity Rules; “New Registered Equipment” means a type of railway vehicle or vehicle commodity combination not incorporated in the section of the Track Usage Price List entitled “Freight Variable Usage Charge rates”; “On-Train Meter” and "On-Train Metering" have the meanings ascribed to them in paragraph 1.2 of the Traction Electricity Rules; “ORR’s Qualifying Modification Criteria” means the criteria issued by ORR as described in paragraph 2.9.1; “Other Train” means any Service that is not a Coal Train or an Intermodal Train; “Other Trains Baseline” has the meaning attributed to it in paragraph 2.3.6; “Outperformance Cap” means the maximum possible amount in pounds sterling that can be attributed to a REBS Outperformance as published by Network Rail in its Delivery Plan; “Outperformance Sum” means the lower of: the Outperformance Cap as indexed in accordance with paragraph 4.11; and 25% of the amount in pounds sterling which ORR, in its annual efficiency and finance assessment of Network Rail, determines in respect of the REBS Outperformance; “Phased in Charges Indexation Adjustment” has the meaning ascribed to it in paragraph 2.7.3;
Freight-Operating-Company-Customer-Track-Access-Contract.docx