ATC Clause Samples

The ATC (Authority to Contract) clause defines who within an organization has the legal authority to enter into binding agreements on its behalf. Typically, this clause specifies the titles or roles of individuals authorized to sign contracts, such as executives or designated managers, and may outline procedures for verifying such authority. Its core function is to prevent unauthorized commitments and ensure that only duly empowered representatives can obligate the organization, thereby reducing the risk of disputes over contract validity.
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ATC. Provisional action under Article 6.11 is folded into action under Article 6.10. Considering that Article
ATC. (i) ATC shall not, nor shall it authorize or permit any of the ATC Subsidiaries or its or their Representatives to, directly or indirectly, (A) solicit, initiate or encourage, or take any other action designed to, or which would reasonably be expected to, facilitate, any ATC Takeover Proposal or (B) enter into, continue or otherwise participate in any discussions or negotiations regarding, or furnish to any person any information, or otherwise cooperate with, any ATC Takeover Proposal. ATC shall, and shall cause the ATC Subsidiaries and its Representatives to, immediately cease and cause to be terminated all existing discussions or negotiations with any person conducted heretofore with respect to any ATC Takeover Proposal and request the prompt return or destruction of all confidential information previously furnished. Notwithstanding the foregoing, at any time prior to obtaining the ATC Stockholder Approval, in response to a bona fide written ATC Takeover Proposal that the Board of Directors of ATC determines in good faith (after consultation with outside counsel and a financial advisor of nationally recognized reputation) constitutes, or would reasonably be expected to lead to, an ATC Superior Proposal, and which ATC Takeover Proposal was not solicited after the date hereof, was made after the date hereof and did not otherwise result from a breach of this Section 5.6(b)(i), ATC may, if its Board of Directors determines in good faith (after consultation with outside counsel) that it is required to do so to comply with its fiduciary duties to the stockholders of ATC under applicable Law, and subject to compliance with this Section 5.6(b)(i) and after giving SpectraSite written notice of such determination, (x) furnish information with respect to ATC and the ATC Subsidiaries to the person making such ATC Takeover Proposal (and its Representatives) pursuant to a customary confidentiality agreement not less restrictive of such person than the Confidentiality Agreement; PROVIDED that (1) all such information has previously been provided to SpectraSite or is provided to SpectraSite prior to the time it is provided to such person and (2) such customary confidentiality agreement expressly provides the right for ATC to comply with the terms of this Agreement, including Section 5.6(b)(iii), and (y) participate in discussions or negotiations with the person making such ATC Takeover Proposal (and its Representatives) regarding such ATC Takeover Proposal.
ATC. Appellee United States, in contrast, insists that such backdating is nevertheless available under the regime of the ATC."119
ATC. The Transmission Provider has developed an automated process to determine ATC and to respond to Transmission Service requests. This process is called OASIS Automation. OASIS Automation automatically processes requests for Transmission Service using a flow-based approach to determine ATC on constrained facilities. OASIS Automation is integrated with the Transmission Provider Energy Management System and uses power flow models developed from the real-time system. OASIS Automation computes constrained facility hourly available flowgate capability (“AFC”) for the first 7 days and daily AFC for days 8 through 31. Off-line planning models are used to compute constrained facility monthly AFC for months 2 through 36. The Transmission Provider performs studies to determine AFC during three different time periods. The first time period is the operating horizon, which includes those hours when the Transmission Provider has schedules to indicate the scheduled use of Transmission Service reservations. The operating horizon includes all hours of the current day and, after 3:00 p.m., all hours of the next day. Once an hour, an hourly resynchronization occurs for the operating horizon. Resynchronization is the process of building power flow models that will be used to determine AFC for each of the constrained facilities and to determine response factors a transaction has on constrained facilities. Only response factors above a threshold are considered to have a significant impact on constrained facilities. This means hourly AFCs are determined for each hour of the remaining hours in the current day and, after 3:00 p.m., all hours of the next day using power flow models developed from the real-time system. The updated AFCs are posted on OASIS and are used along with response factors to sell Transmission Service during the hour. The second time period is the planning horizon, which includes those hours and days when schedules are not available for use in power flow models. In this case, reservations are used in place of schedules. This second time period extends from day 2 through day 31. Once next day schedules have been received by 3:00 p.m. the day prior, the day 2 time period is moved from the planning horizon to the operating horizon. There are four resynchronizations that occur during the planning horizon. At midnight, a daily resynchronization occurs for the planning horizon. This means hourly AFC will be determined for days 2 through 7, and daily AFC will be determi...
ATC. The Midwest ISO shall administer the ATC calculation in accordance with this Agreement and shall calculate CBM and TRM, provided that the ITC shall possess the unilateral right to provide the ratings, operating guides, and assumptions to be used in calculating ATC over the ITC facilities. If the Midwest ISO disagrees with these ratings, operating guides, or assumptions, the ITC’s position shall prevail pending dispute resolution.
ATC. The suggestion is that of creating a new value set based on the WHO ATC version used by EMA for describing Pharmaceutical Substances (Pharmadynamic proprieties).
ATC. Upon receipt of the final Security Authorization Determination, the Contractor shall assist the System Owner in obtaining ATC via network service provider (NEC, ACE-IT, or other Component / Service Branch (USN, USMC, AF, DLA, etc. Network Service Provider), if applicable. The Contractor shall follow the network service provider’s criteria and process for ATC. 60 days should be allotted for completion.
ATC agrees to start payments to Croft on August 1, 1999 in the amount of $900 per month. On February 1, 2000, these payments shall increase to $1,800 per month. Thereafter, Croft shall receive the greater of the amounts of monthly payments above or the commission earned of royalties paid to ATC by third party sublicensees, or from sales of products made by ATC. These monthly amounts paid to Croft shall be based on the amount received by ATC in quarterly lump sum payments by sublicensees averaged to determine a monthly royalty amount. In the event the royalty amount due to Croft should fall below $1800 per month and ATC should decide to pay Croft less than $1800 per month, but equal to or greater than $900 per month then the license granted by Croft shall be non-exclusive. In the further event that ATC decides not to pay Croft at least $900 per month, then the license grant is revoked and ATC shall have no rights in the invention.

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