Class I railroad definition

Class I railroad means the same as that term is defined in 49 U.S.C. Sec. 20102.

Class I railroad means a railroad that is defined as Class I by the Surface Transportation Board.

Class I railroad means a railroad car- rier that has annual carrier operating reve- nues that meet the threshold amount for Class I carriers, as determined by the Sur- face Transportation Board under section 1201.1-1 of title 49, Code of Federal Regula- tions.’’; and

Examples of Class I railroad in a sentence

• Notwithstanding the foregoing, a merger, consolidation, acquisition of common control, or business combination of the Company and a Class I Railroad or a holding company of a Class I Railroad that is approved by the Board shall not constitute a "Change in Control" unless the Board makes a determination that the transaction shall constitute a "Change in Control".

• Notwithstanding the foregoing, a merger, consolidation, acquisition of common control, or business combination of the Company and a Class I Railroad or a holding company of a Class I Railroad that is approved by the Board shall not constitute a “Change in Control” unless the Board makes a determination that the transaction shall constitute a “Change in Control”.

• No such consent shall be required in the event of a merger or the sale of the stock shares of Lessee, or of Lessee's parent company, RailAmerica, Inc., with a third party unless such third party is a Class I Railroad (and in such event, the first sentence of this Section 15(a) shall control).

• No such consent shall be required in the event of a merger with or the sale of the stock shares of Lessee, or of Lessee's parent company, RailAmerica, Inc., to a third party unless such third party is a Class I Railroad (and in such event, the first sentence of this Section 15(a) shall control).

• Prior to the Merger, MPRR was a Class I Railroad, which operated as a unified system with the railroad operations of UPRR.

• Notwithstanding the foregoing, a merger, consolidation, acquisition of common control, or business combination of the Company and a Class I Railroad or a holding company of a Class I railroad that is approved by the Board shall not constitute a "Change in Control" unless the Board makes a determination that the transaction shall constitute a "Change in Control".

More Definitions of Class I railroad

Class I railroad means a railroad carrier

Class I railroad means the same as that term is defined in 49 U.S.C. Sec. 20102. (2) "Commuter rail" means the same as that term is defined in Section 63N-3-602. (3) "Federal Railroad Administration" means the Federal Railroad Administration

Class I railroad. ’ means a railroad carrier that has an- nual carrier operating revenues that meet the threshold amount for Class I carriers, as determined by the Surface Transpor- tation Board under section 1201.1-1 of title 49, Code of Federal Regulations.

Class I railroad means a railroad that is classified by the United States surface transportation board as a class I railroad, as defined in 49 C.F.R. Sec. 1201.1-1(a), as in effect January 1, 2023.

Class I railroad has the meaning given to such term by the STB.