MAROP and Delaware Clause Samples

MAROP and Delaware. The Mid-Atlantic Rail Operations Plan (MAROP), developed by a working group comprised of Amtrak, the two freight railroads and planners from six states, is an attempt to address both freight and passenger rail investment in the NEC as a partnership between public and private entities. MAROP has devised a “wish list” of projects that will improve both passenger and freight rail operations in the northeast region6. Funding is a major issue; neither the states nor the private railroads can fund the desired improvements by themselves. It is unclear whether the Federal government, which provides 90% of the 6 I-95 Corridor Coalition, Mid-Atlantic Rail Operations Study Summary Report, April 2002 funding for many highway projects, will contribute to MAROP. It remains to be seen how many of the MAROP projects will in fact happen. But one small state, Delaware, has taken matters into its own hands. One proposed MAROP improvement was the replacement of the Shellpot Bridge, a bridge over the ▇▇▇▇▇▇▇▇▇ River in Delaware on a rail freight bypass around the city of Wilmington, DE. The state and Norfolk Southern Corporation (which owns the track in question) reached an agreement to return the bridge to service in a move that benefited both NS and Delaware. How this happened, and the results that have been achieved, is a story that illustrates the value public/private partnerships can produce for all parties.
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Related to MAROP and Delaware

  • Delaware Under the Delaware General Corporation Law, a stockholder may bring a derivative action on behalf of the corporation to enforce the rights of the corporation. An individual also may commence a class action suit on behalf of himself and other similarly situated stockholders where the requirements for maintaining a class action under Delaware law have been met. A person may institute and maintain such a suit only if that person was a stockholder at the time of the transaction which is the subject of the suit. In addition, under Delaware case law, the plaintiff normally must be a stockholder at the time of the transaction that is the subject of the suit and throughout the duration of the derivative suit. Delaware law also requires that the derivative plaintiff make a demand on the directors of the corporation to assert the corporate claim before the suit may be prosecuted by the derivative plaintiff in court, unless such a demand would be futile.

  • Massachusetts Law This Agreement and all rights and obligations hereunder, including matters of construction, validity, and performance, shall be governed by the laws of The Commonwealth of Massachusetts.

  • Massachusetts CANCELLATION section is amended as follows: The provider shall mail a written notice to the Service Agreement Holder, including the effective date of the cancellation and the reason for the cancellation at the last known address of the Service Agreement Holder contained in the records of the provider at least five (5) days prior to cancellation by the provider unless the reason for cancellation is nonpayment of the provider fee, material misrepresentation or a substantial breach of duties by the Service Agreement Holder relating to the Covered Product or its use. A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within thirty (30) days of receipt of returned Service Agreement.

  • Maryland CANCELLATION section is amended as follows: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within forty-five (45) days of receipt of returned Service Agreement.

  • Oregon Upon failure of the Obligor to perform under the Agreement, the insurer shall pay on behalf of the Obligor any sums the Obligor is legally obligated to pay and any service that the Obligor is legally obligated to perform. Termination of the reimbursement policy shall not occur until a notice of termination has been mailed or delivered to the Director of the Department of Consumer and Business Services. This notice must be mailed or delivered at least 30 days prior to the date of termination. CANCELLATION section is amended as follows: You, the Service Agreement Holder may apply for reimbursement directly to the insurer if a refund or credit is not paid before the 46th day after the date on which Your Agreement is returned to the provider. ARBITRATION section of this Agreement is removed.