ONTC definition

ONTC means ONTC and its directors, officers, employees, agents, consultants, contractors and subcontractors.

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ONTC means the Ontario Northland Transportation Commission;

ONTC s Representative” means the person or entity appointed or engaged by ONTC to represent it on the Work.

Examples of ONTC in a sentence

• The ONTC agrees and recognizes that if APS terminates this Restated Agreement, APS shall have no further obligation or liability to make any Settlement Payments from the date of termination forward.

• Pursuant to Section 133 of UTAS, the ONTC is entering into this Restated Agreement.

• This Restated Agreement, and the actions of the Parties contemplated hereunder, are not intended, nor shall they be deemed, to constitute any waiver, consent or admission with respect to the existence or lack of regulatory, taxing, or adjudicatory authority or jurisdiction of the Navajo Nation or the ONTC over the Facilities or any Party hereto.

• Notices shall be deemed to have been given if in writing and (a) hand delivered, (b) delivered by a reputable overnight courier service (such as but not limited to FedEx and UPS), (c) mailed by certified or registered mail, return receipts requested, first class postage prepaid, or (d) transmitted by telecopy or electronic mail, followed within 24 hours by transmittal under option (a), (b) or (c) above addressed as follows: If to ONTC: President The Navajo Nation ▇.▇.

• If any person, including the Navajo Nation or ONTC, brings an action or proceeding to assert or challenge the jurisdictional authority of the Nation or ONTC to tax the Facilities or activities at the Facilities with respect to such other person other than APS, each Party agrees not to rely on any ruling in such action or proceeding for purposes of challenging the validity of this Restated Agreement as long as the other Party is not in material breach hereof.

• If the ONTC, or any of its representatives, officers, employees, departments or agents, repeals the PIT or BAT and enacts a replacement tax that the ONTC seeks to assert against APS or the Facilities, APS may terminate this Restated Agreement.

• Nothing in this Restated Agreement affects the rights, if any, of (i) the Navajo Nation or ONTC to seek to enforce taxes other than the Sales Tax (except as otherwise provided in Section 2(c) above), PIT or BAT on APS or the Facilities or (ii) APS to challenge any such action by the Navajo Nation or ONTC, including when permitted by federal law, bringing such an action in federal court.

• As set forth on Exhibit C, APS will include in its Operating Report provided to the ONTC a statement of actual net generation for each quarter.

• Pursuant to Section 105 of UTAS, the ONTC, on behalf of the Navajo Nation, issued an assessment to APS on [Date] seeking to assess the Possessory Interest Tax (“PIT”) on APS in connection with its ownership and operation of the Four Corners Power Plant (the “Plant”), switchyards, and transmission and distribution facilities within the Navajo Nation (hereinafter, the Plant, switchyards, and transmission and distribution facilities within the Navajo Nation are collectively referred to as the “Facilities”).

• The ONTC will comply with the policies and procedures set out in applicable TB/MBC directives, as may be amended from time to time.

More Definitions of ONTC

ONTC shall have the meaning ascribed to such term in the recitals.

ONTC shall have the meaning ascribed to such term in the recitals. “ADCO Technology” shall have the meaning ascribed to such term in the recitals. “Project” shall have the meaning ascribed to such term in the recitals. "Project Exclusivity Period" means the period beginning on the date a Project Invitation Notice is executed by the Parties and ending on the first to occur of the following events: (i) the date the Contracting Party delivers a copy of a Superior Offer to the Cooperating Party; (ii) three (3) years from the date the Cooperating Party has been paid in full for the Subcontracted Work; and (iii) the date the Contracted Party is no longer involved with the Qualifying Project, including, without limitation, as a result of the Contracting Party no longer being a joint venture partner with such Client, the Identified Client having decided not to engage or enter into a business relationship with the Contracting Party or as a result of terminating the Contracting Party. "Project Invitation Notice" means a notice (which to be effective must be executed by each of the Parties) in which, among other things, (a) the Contracting Party identifies the Identified Client and the Project to the Cooperating Party, (b) the Cooperating Party acknowledges that the Contracting Party will have the exclusive right to negotiate such Project with the applicable Identified Client during the Project Exclusivity Period, (c) such Contracting Party invites the Cooperating Party to participate as its subcontractor in connection with that particular Project, (d) the Cooperating Party agrees that to provide, on a subcontract basis, to the Contracting Party the Subcontracted Work; and (e) the Cooperating Party, subject to Section 3 hereof and the other provisions of this Agreement, agrees to provide such services. “Qualifying Project” means the Project identified in a fully executed Project Invitation Notice. “Right of First Offer” shall have the meaning ascribed to such term in Section 3 hereof. “ROFO Period” shall have the meaning ascribed to such term in Section 3 hereof. “Rules” shall have the meaning ascribed to such term in Section 13 hereof. “Subcontracted Work” means services to be performed by the Cooperating Party specifically set forth in a fully executed Project Invitation Notice (i.e., services related to ONTC’s Expertise or ADCO’s Expertise, as the case may be). “ONTC’s Expertise” shall have the meaning ascribed to such term in the recitals.