ATC Manager Clause Samples
The ATC Manager clause designates a specific individual or entity responsible for overseeing and managing all aspects of air traffic control (ATC) operations within a project or organization. This clause typically outlines the authority, duties, and decision-making powers of the ATC Manager, such as coordinating flight schedules, ensuring compliance with safety regulations, and acting as the primary point of contact for ATC-related issues. By clearly assigning these responsibilities, the clause ensures accountability and smooth operation of air traffic control functions, reducing confusion and enhancing operational safety.
ATC Manager. (i) Approval of the Second Amended and Restated Articles of Incorporation by the PSCW and ICC;
(ii) The Board of Directors of ATC Manager shall have approved, by the requisite vote, ATC Manager’s Second Amended and Restated Articles of Incorporation, and directed that they be submitted to ATC Manager’s shareholders for a vote;
(iii) Approval of ATC Manager’s Second Amended and Restated Articles of Incorporation by shareholders of ATC Manager holding at least a majority of the outstanding stock of ATC Manager;
(iv) ATC Manager shall file with the Wisconsin Department of Financial Institutions the Second Amended and Restated Articles of Incorporation;
(v) Approval of the ATC Manager’s Amended and Restated Bylaws by shareholders of ATC Manager holding at least two-thirds of the outstanding stock of ATC Manager, and such Amended and Restated Bylaws shall have become effective;
(vi) The existing parties to the Second Amended and Restated Shareholders Agreement shall have executed the Amended and Restated Shareholders Agreement.
ATC Manager. ATC Manager shall use its best commercial efforts to satisfy all conditions precedent to the DATC transfer and the First Closing Date.