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11.2 Notice. <br />Any notice or instrument required to be given or <br />delivered by depositing the same in any United States Post <br />Office, registered or certified, postage prepaid, addressed to <br />the Parties, shall be deemed to have been received by the Party <br />to whom the same is addressed at the expiration of seventy -two <br />(72) hours after deposit of the same in the United States Post <br />Office for transmission by registered or certified mail as <br />aforesaid. <br />11.3 Effective Date. <br />This Agreement shall be effective at such time as <br />this Agreement has been executed by any six or more of the <br />Parties enumerated in the introduction of this Agreement. <br />11.4 Arbitration. <br />Any controversy or claim between any two or more <br />Parties , or between any such Party or Parties and the Agency, <br />in respect to the Agency's operations, or to any claims, <br />disputes, demands, differences, controversies, or <br />misunderstandings arising under, out of, or in relation to this <br />Agreement, shall be submitted to and determined by <br />arbitration. To the extent not inconsistent herewith, the <br />rules of the American Arbitration Association shall apply. The <br />Party desiring to initiate arbitration shall give notice of its <br />intention to arbitrate to every other Party and the Agency. <br />Such notice shall designate as "respondents" such other Parties <br />as the initiating Party intends to have bound by any award made <br />therein. Any Party not so designated but which desires to join <br />in the arbitration may, within ten (10) days of service upon it <br />of such notice, file a response indicating its intention to <br />join in and to be bound by the results of the arbitration, and <br />further designating any other Parties it wishes to name as a <br />respondent. Within twenty (20) days of the service of the <br />initial demand for arbitration, the American Arbitration <br />Association, hereinafter referred to as "AAA ", shall submit <br />simultaneously to the initiating and to all Parties named as <br />respondents or filing a response therein, an identical list of <br />names and persons chosen from the AAA National Panel of <br />Arbitrators which persons shall be, to the extent possible, <br />persons first in the field of transportation as well as public <br />law. Each Party to the dispute shall have seven (7) days from <br />the mailing date in which to cross off any names indicating <br />the order of <br />-19- <br />