The Monthly Service Payment

2.4.  The Monthly Service Payment for each Month shall be calculated in accordance with the following formula, such payment to be made in accordance with Clause 24 (Calculation of Payments and Revenue Sharing):

MSP  = MAP + MUP - NUD - RD - RFA - R1 + R2 + R3- R4 + R5 - R6 + R7 - R8  + ECA

where:

MSP  =

the Monthly Service Payment

MAP =

the Monthly Availability Payment (either MAP(CIP) during the Core Investment Programme Period, as calculated in accordance with paragraph 2.7 of Part II of this Schedule 21 (Payment Mechanism) or MAP(postCIP) following completion of the Core Investment Programme Period, as calculated in accordance with paragraph 2.9 of Part II of this Schedule 21 (Payment Mechanism)) ;

MUP =

the Monthly Usage Payment, calculated in accordance with paragraphs 2.12 to 2.14 of Part II of this Schedule 21 (Payment Mechanism);

NUD =

the Network Unavailability Adjustment, calculated in accordance with paragraphs 3.1 to 3.4 of Part III of this Schedule 21 (Payment Mechanism);

RD =

the Repetition Adjustment, calculated in accordance with paragraphs 3.5 to 3.8 of Part III of this Schedule 21 (Payment Mechanism);

RFA =

the Reporting Failure Adjustment, calculated in accordance with paragraphs 3.9 to 3.12 of Part III of this Schedule 21 (Payment Mechanism);

R1 =

an adjustment to reflect any amounts previously overpaid by the Authority in a previous Month

R2 =

an adjustment to reflect any amounts previously underpaid by the Authority in a previous Month

R3 =

any other amounts payable by the Authority to the Service Provider under the Contract;

R4 =

any other amounts payable by the Service Provider to the Authority under the Contract;

R5 =

any interest payable by the Authority to the Service Provider under the Contract;

R6 =

any interest payable by the Service Provider to the Authority under the Contract;

R7 =

any adjustment to take account of any [Accrued Road Section Lengths] or [De-Accrued Road Section Lengths] incorporated within or removed from the Service calculated in accordance with paragraph 2.16 of Part II of this Schedule 21 (Payment Mechanism) since the most recent Indexation Review Date;

R8 =

any relevant value of "cs" calculated in accordance with paragraphs 4.3 and 4.4 of Part IV of this Schedule 21 (Payment Mechanism);

ECA =

Electricity Cost Adjustment calculated in accordance with paragraph 4.1 of Part IV of this Schedule 21 (Payment Mechanism);