VRE definition
Examples of VRE in a sentence
Until such time as the Commissions implement the aforesaid Operating Plan, the Commissions may operate the VRE commuter rail Service in accordance with the current Operating Plan attached hereto as Appendix B-2.
In no event shall the VRE Operating Fee equal an amount less than 10% of the contemporaneous Fixed VRE Operating Fee.
Manassas 32.6 June 22, 1992 Amtrak (through VRE) / VRE Manassas Park 30.4 July 22, 1991 VRE ▇▇▇▇▇ Centre 21.4 July 22, 1991 Amtrak (through VRE) / VRE Rolling Road 19.1 July 22, 1991 VRE Backlick Road 15.0 July 22, 1991 VRE Commuter Facilities Rental and Platform Maintenance Annual Rental $11 1 Annual rent will be disapplied if/when VPRA grants VRE easement interests in the commuter rail facility sites.
The VRE Operating Fee shall be revised by calculating the percentage of increase or decrease for the year to be revised based on the final index of the most recently completed Quarter Three (3) as related to the final index of the Quarter Three (3) of the year prior to the most recently completed calendar year; and applying this percentage of increase or decrease to the VRE Operating Fee to be escalated.
The Commissions may operate the VRE commuter rail Service in accordance with the Operating Plan, including the weekday enhancements noted thereon, attached hereto as Appendix B-1, which Operating Plan may be implemented by the Commissions at such time as they choose in their discretion subject to not less than fourteen (14) days advance notice to VPRA.
Notwithstanding the foregoing, under no circumstances shall the VRE Operating Fee be less than the prior year.
The VRE Operating Fee shall be escalated effective July 1 of each year to compensate for the prior year increase or decrease in the cost of labor and materials, excluding fuel, as reflected in Table C, Quarterly Indexes of Chargeout Prices and Wage Rates (1977=100), Series RCR, included in AAR Railroad Cost Indexes and supplements thereto, issued by the AAR.
The foregoing compensation to VPRA shall be applicable for at least twenty (20) years from the effective date of this Agreement provided that, no less than six (6) months prior to the end of the twenty-year period, the Parties, together with NSR, shall negotiate in good faith the VRE Operating Fee, if any, that shall apply beyond such twenty-year period.