Examples of Comtrack Account in a sentence
Instead, the UK must develop an approach to sustainable fisheries management that learns from the failings of the Common Fisheries Policy.
The Comtrack Participant agrees that the Client may give standing instructions with regard to commodity holdings in its Comtrack Account and the Comtrack Participant shall act according to such instructions subject however to the Rules, Byelaws and Regulations or Directives or Notices of the Exchange or processes prescribed by the Comtrack Service Provider.
The Comtrack Participant shall maintain a separate Comtrack Account for holding its own commodities in electronic form.
Provided however that such credit in the electronic account shall be subject to acceptance of the commodities by the Accredited Warehouse for credit to the Comtrack Account in the manner and as may be specified by the Exchange, as valid deposit for storage and delivery.
The Client is aware and agrees that the existence of electronic credit of the commodity holdings in its Comtrack Account does not imply that the actual commodity deposited by it in the Accredited Warehouse shall be available at all times as long as the commodity holdings in Comtrack account subsist.
Upon opening of the Comtrack Account as requested, the Client shall have the right to get the quantity of those of its commodities physically deposited by it with and received by the Accredited Warehouse, duly recorded and credited in electronic form (hereinafter referred to as `electronic holding’) in its Comtrack Account.
The Client further understands and agrees that once electronic credit of commodities is transferred from its Comtrack Account, the Client is not entitled to receive or deal with the corresponding commodities and that the right to receive the commodities and deal therein shall then rest with the respective transferee/s of the electronic credit except in cases of frauds/erroneous transfers subject to being reported and rectified immediately after detection.
The Client agrees to pay such charges as set out in Schedule A hereto, to the Comtrack Participant for the purpose of opening and maintaining his account, for carrying out the instructions of the Client and for rendering such other services as may be agreed to from time to time between the Comtrack Participant and the Client in respect of his/its Comtrack Account.
The Client further agrees that in the event of the Client committing such default in payment, the Comtrack Participant will -charge interest at the rate of not more than 24%p.a. for the period of such default without prejudice to its right to suspend operations in the Comtrack Account or close the Comtrack Account of the Client.
The Client further agrees that in the event of the Client committing such default in payment, the Comtrack Participant will -charge interest at the rate of not more than 24% p.a. for the period of such default without prejudice to its right to suspend operations in the Comtrack Account or close the Comtrack Account of the Client.