FRT definition

FRT is described in Section 7.2.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

FRT means Fault Resolution Team

FRT means the CFOs for the Counties and Metro, as more specifically described in Section 6.2.

Examples of FRT in a sentence

• The Trustee shall convene the FRT as needed and may invite the Executive Vice President - Finance & Administration for Travel Portland to participate with the FRT in an advising capacity.

• As described in Task 5 of Attachment A, the FRT shall determine the amount of any required reimbursement payment as long as it is no greater than the cumulative accounting debit balance.

• The Trustee may also initiate FRT review of the SSTLTR at any time the Restricted Reserve balance falls to, or is expected to fall to, 25% or less of the minimum required in Section 3.3.12, or when the Restricted Reserve balance has declined for three consecutive Fiscal Years.

• The level of authority delegated to the FRT is also specified for each task either in Attachment A or in this Agreement.

• If Metro intends to make a request for Additional OCC Support, at least 100 days prior the beginning of each Fiscal Year, as described in Sections 3.3.5.1 and 3.3.5.2. FRT Deliverable: Report to the VDFI Board and each Party’s members of the VDFI Board, which shall accompany the Additional OCC Operating Support request, describing the anticipated sufficiency of VFTA revenues and reserves to cover all obligations of the Agreement.

• The FRT does not have the authority to change or amend any term of the Agreement.

• The FRT shall review and analyze the request and provide advice to the Board as described in Task 2A of Attachment A.

• The FRT shall use the review information included in Task 1 and may include the results from the most recent SSTLTR reconciliation review as described in Task 4B in this determination, provided that a debit balance will not be the sole reason to reject or delay the step increases.

• A decision by the FRT shall require a consensus agreement by all members on any specified action; however, each FRT member may provide advice to their respective elected official (i.e. City Mayor, County Chair or Metro President).

• The FRT and its members individually may recommend amendments to this Agreement to the Parties, which amendments shall only be implemented upon agreement of the Parties.

More Definitions of FRT

FRT means Flat Rock Technology Ltd, a company incorporated in England (registration number 06461660) having its registered office at 5 St John’s Lane, London EC1M 4BH; and its wholly owned subsidiary, Flat Rock Technology EOOD; and any other company in the Flat Rock Technology Ltd group and the terms “we”, “us” and “our” will be understood to refer to FRT;