CTA Sample Clauses

CTA. The term
CTA maintain a harmonious relationship; It is the desire and hope of the Board and O.E.C.T.A. that this Collective Agreement will assist in bringing about this common goal.
CTA. According to Motient’s Form 10-K for the year ended December 31, 2003, the Company first entered into an agreement with CTA in May 2002 to provide consulting services to the Company. CTA has been engaged by the Company for a variety of services since that date and Motient Corporation April 12, 2006 Page 8 is still providingongoing operational consulting” related to the Company’s “core communications business.” The Company has indicated that it has been paying CTA a monthly fee of $100,000, which increased from $60,000 per month in November 2005. For the year ended December 31, 2005, Motient paid CTA $9.4 million in cash and stock in 2005. The following persons associated with Motient have been (or are) affiliated with CTA: • Mx. Xxxxxxxxxx, the founder and a senior executive of CTA, was a Company director until June 20, 2003. Mx. Xxxxxxxxxx is currently a director of Tejas (the parent company to CTA which acquired CTA in July 2005) and both MSV and TerreStar. • Gxxxxx Xxxxxxx, a Company director, is a CTA advisor and consultant. • Mx. Xxxxxx, Motient’s Executive Vice President, Chief Operating Officer and Treasurer, was formerly affiliated with CTA as an independent consultant. • Pxxxx Xxxxxx, a former Motient director, was formerly a senior managing director of CTA and is the owner of PDA Group, LLC (“PDA Group”), which was assigned by Tejas warrants to purchase 56,250 shares of the Company’s common stock at $5.50 per share. • Sxxxx X’Xxxxxxx, a director of MSV, has served as Chief Operating Officer of CTA since July 2005. • Bxxxx Xxxxxxxxxx, a Motient director, also served on the board of directors of Tejas until he recently resigned (see below for further details on Tejas). • Even convicted felon Gxxx Xxxxxx (Sxxxxx Xxxxxx’x brother) has indirectly (to a trust established for Gxxx Xxxxxx’x children) received fees of over $1 million from Motient which were “paid at the direction of CTA” for Gxxx Xxxxxx’x assistance to CTA with respect to Motient’s purchase of certain interests in MSV. In 2004 and 2005 (more fully described in Section II.D. below), Motient sold common and preferred equities in private placements to private investors in a series of four PIPE transactions., CTA’s representatives in Motient management and on the Board insisted that Motient engage Tejas as placement agent in these transactions. These engagements were typically non-competitive. Tejas was engaged despite the fact that it had little investment banking experience. The last of t...
CTA. As set out above, I am of the view that the RTA does not govern the relationship between a landlord and a head tenant in these circumstances. Assuming that my view is correct, and the RTA does not apply to the relationship between the landlord and the head tenant (although, as is set out below, this position is open to question), the tenancy between the landlord and the head tenant would essentially be considered a commercial tenancy, with the result that the Commercial Tenancies Act (the “CTA”) would apply to the parties’ relationship. The significance of this cannot be overstated. The purposes of the RTA are to provide protection for residential tenants from unlawful rent increases and unlawful evictions, to establish a framework for the regulation of rents, to balance the rights and responsibilities of residential landlords and tenants, and to provide for the adjudication of disputes. To this end, the RTA provides residential tenants with a significant package of rights and protections. Moreover, the RTA provides residential tenants and landlords with recourse to the Board which, relatively speaking, is an extremely quick and cost effective process to resolve disputes. The CTA, on the other hand, does not provide tenants with the significant rights and protections found in the RTA. Rather, to a large extent, the parties are left alone to negotiate the terms that will govern their relationship. Of greater significance, perhaps, is that the CTA does not provide tenants or landlords with recourse to the Board. Instead, to resolve disputes, the parties are essentially forced to initiate proceedings at the Superior Court of Justice, which is a much more expensive and time-consuming process. The Case Law The Matlavik Case The appropriate starting point for our discussion is the Divisional Court’s decision rendered on March 16, 1979 in Matlavik Holdings Ltd. x. Xxxxxxx (the “Matlavik Case”). This appears to be one of the earliest decisions that dealt with this issue, and it is arguably the most influential decision. In the Matlavik Case, the head tenant had rented 31 rental units from the landlord in order to sublet same as part of its business of providing furnished accommodation to subtenants on a short-term basis. At some point during the course of the head tenant’s tenancy, the landlord applied for rent review pursuant to the Residential Premises Rent Review Act (the “RPRRA”), which legislation was in effect at the time but no longer exists. The applicabil...
CTA. Where Irish law governs the LMA Agreement or the term relates to an Irish obligor, references to "CTA" should be changed to "TCA" (being the Taxes Consolidation Xxx 0000 of Ireland). In these circumstances, a new definition of "TCA" should be included in the LMA Agreement as follows: ""
CTA. The Chicago Transit Authority, and its Board, its duly authorized agents, servants, and employees. The CTA is a municipal corporation and is the owner of the Project. May also be referred to as “Owner”. Day, day, Days or days. Calendar day or days. A day contains 24 hours, begins at midnight, and includes every day shown on the calendar including all days Monday through Friday and all Saturdays, Sundays, and all Holidays. Debris. Debris, waste, rubbish or other materials intended or required to be removed from the Project Site. Delay. Any delay on the critical path of the Schedule. Directive Order. A direction to the Contractor to proceed with Changed Work pursuant to Section 10.3(d).

Related to CTA

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