ATP EFFECTIVITY & SCHEDULE Clause Samples

ATP EFFECTIVITY & SCHEDULE. This ATP shall become effective (the date of effectiveness being the “EDATP”) following: (i) its execution by the Parties; and (ii) receipt by Contractor of the EDATP payment provided for in Article 4. Unless terminated earlier pursuant to Article 6.3, this ATP shall remain in force until the earlier to occur of: (i) Financial Close; and (ii) three (3) months following EDATP (the “ATP Effective Period”). The ATP Effective Period may be extended for an additional three (3) months by mutual written agreement of the Parties, it being understood that Contractor shall promptly agree to such extension if reasonably needed for achievement of Financial Close.