Common use of Terms of the Master Agreement Clause in Contracts

Terms of the Master Agreement. 1. To determine the extent to which the provisions of this Master Agreement apply, FTA and the Recipient understand and agree that each provision of this Master Agreement must be interpreted in view of the requirements of this Master Agreement as a whole and the Underlying Agreement. By eliminating most repetitive phrases within this Master Agreement, if a single provision is read apart from the rest of this Master Agreement or the Recipient’s Underlying Agreement, that single provision might not convey the extent of the Recipient’s responsibility to comply with the requirements of the Underlying Agreement.

Terms of the Master Agreement. 1. To determine the extent to which the provisions of this Master Agreement apply, FTA and the Recipient understand and agree that each provision of this Master Agreement must be interpreted in view of the requirements of this Master Agreement as a whole and the Underlying Agreementwhole. By eliminating most repetitive phrases within this Master Agreement, if a single provision is read apart from the rest of this Master Agreement or the Recipient’s Underlying Agreement, that single provision might will not convey the extent of the Recipient’s responsibility to comply with the requirements of the Underlying Agreementrequirement.