ITF Agreement definition

ITF Agreement means the agreement made between the Client and TSL and constituted by the Account Opening Form, these Terms, the terms and conditions in the relevant Section and such other documents referred to therein or added thereto (including any amendment or supplement made thereto from time to time);
View Source

Examples of ITF Agreement in a sentence

  • Owner warrants that the minimum terms and conditions of employment of the crew of the Vessel are now or will be prior to delivery of the Vessel and will remain for the term of this Charter Party and any extension thereto covered by an ITF Agreement or a bona fide Trade Union Agreement acceptable to the ITF.

  • Without limiting the foregoing, each of the Regulated Parties shall maintain adequate books and records with respect to all of its transactions under this ITF Agreement and shall record the costs to be allocated to any Party hereunder in appropriate accounts in its general ledger system.

  • In the event any provision of this ITF Agreement is so held invalid, the Parties hereto shall promptly renegotiate in good faith new provisions to restore this ITF Agreement as nearly as possible to its original intent and effect.

  • The addition of a Party to this ITF Agreement or the termination of this ITF Agreement as to a Party shall not require the prior approval of the Commissions, but the Regulated Parties shall submit appropriate modifications to the Commissions to reflect any changes in Appendix A.

  • If, despite good faith efforts, a Providing Party is not able to determine the fair market value of a Service it provides to a Receiving Party, the fair market value shall be deemed to be equal to the Providing Party’s cost, calculated as described in this ITF Agreement, incurred in providing the Service.

  • The fair market value of a Service provided under this ITF Agreement shall mean the cost determined by making a good faith effort to identify the resources necessary to perform the Service, and the value of such Service based on a general knowledge of the relevant market for such or a similar Service as well as, if available, comparison with bids or quotations for such or a similar Service.

  • Once effective, this ITF Agreement shall continue in full force and effect until and unless modified or terminated as provided herein.

  • This ITF Agreement, and any rights hereunder, may not be assigned without the written consent of all Parties hereto.

  • The Parties acknowledge that all or portions of this ITF Agreement may be challenged before regulatory agencies or a court of competent jurisdiction by other persons or entities not Parties hereto.

  • The Regulated Parties shall each maintain internal controls to ensure that it allocates and bills the costs associated with all transactions under this ITF Agreement properly and consistently in accordance with the terms and provisions of this ITF Agreement.