Class III railroad definition

Class III railroad means a rail carrier classified as a Class III railroad by the United
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Examples of Class III railroad in a sentence

  • Nor shall this exemption be construed to affect existing Class III railroad ‘‘pro- tections’’ in the case of boxcars.

  • The $20 million-limit is based on the Surface Transportation Board’s revenue threshold for a Class III railroad.

  • Pursuant to that authority, FRA has published a final policy that formally establishes ‘‘small entities’’ as railroads which meet the line haulage revenue requirements of a Class III railroad.

  • These dimensions create the following eight network resource attributes: rarity, utility, appropriability, accessibility, complementarity, versatility, scalability and usability.

  • The $20 million limit is based on the Surface Transportation Board’s revenue threshold for a Class III railroad.

  • The credit allowed shall not exceed the product of $3,500 multiplied by the sum of: (i) The number of miles of railroad track in Kentucky owned or leased by the eligible taxpayer as of the close of the taxable year; and (ii) The number of miles of railroad track in Kentucky assigned to the eligible taxpayer by a Class II railroad or Class III railroad which owns or leases the railroad track as of the close of the taxable year.

  • The $20 million limit (adjusted annually for inflation) is based on the Surface Transportation Board’s threshold of a Class III railroad carrier, which is adjusted by applying the railroad revenue deflator adjustment.3 The same dollar limit on revenues is established to determine whether a railroad shipper or contractor is a small entity.

  • For pur- poses of section 45G and this section, a Class II railroad or Class III railroad owns railroad track if the railroad track is subject to the allowance for depreciation under section 167 by the Class II railroad or Class III railroad.

  • Eligible taxpayer is not a Class II rail- road or Class III railroad.

  • If an eligi- ble taxpayer is not a Class II railroad or Class III railroad, the RTMC deter- mined under paragraph (c)(1) of this section for the eligible taxpayer for any taxable year must not exceed $3,500 multiplied by the number of miles of eligible railroad track assigned under paragraph (d) of this section by a Class II railroad or Class III railroad to the eligible taxpayer for the taxable year.(iii) No carryover of amount that ex- ceeds limitation.

Related to Class III railroad

  • Class III vehicles constructed exclusively for the carriage of seated passengers;

  • Class II vehicles constructed principally for the carriage of seated passengers, and designed to allow the carriage of standing passengers in the gangway and/or in an area which does not exceed the space provided for two double seats.

  • Class I area means a mandatory visibility protection area designated pursuant to section 169A of the federal Clean Air Act.

  • Class I X" on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A-S Component The Component having such designation.

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Class A-4 Component The Component having such designation.

  • Class III Gaming means Class III Gaming as defined in the IGRA.

  • Class B-3 Pass-Through Rate For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.

  • Class II renewable energy means electric energy produced at a

  • Class B-2 Pass-Through Rate For the first Distribution Date, 5.38000% per annum. For any Distribution Date thereafter, the lesser of (i) One-Month LIBOR plus the Class B-2 Margin, and (ii) the Net Rate Cap for such Distribution Date.

  • Class B-1 Pass-Through Rate For the first Distribution Date, 4.83000% per annum. For any Distribution Date thereafter, the lesser of (i) One-Month LIBOR plus the Class B-1 Margin, and (ii) the Net Rate Cap for such Distribution Date.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.

  • Class A-4 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1020%.

  • Class A-3 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.205%.

  • Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.

  • Class A operator means an individual who has primary responsibility to operate and maintain the underground storage tank system in accordance with applicable requirements established by the department. The class A operator typically manages resources and personnel, such as establishing work assignments, to achieve and maintain compliance with regulatory requirements.

  • Class A-3 Component The Component having such designation.

  • Class A-2 Component The Component having such designation.

  • Class B Component The Component having such designation.

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.2557%.

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.

  • Class A-S Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.7770%.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2A, Class LT-A-2B, Class LT-A-2C, Class LT-A-2D, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-M-7, Class LT-M-8, Class LT-M-9, Class LT-B-1, Class LT-B-2, Class LT-IO, Class LT-3, Class LT-Group I, Class LT-Group II, and Class LT-Accrual Interests as described in the Preliminary Statement.