Common use of SECURITY - FINANCIAL UNDERTAKING Clause in Contracts

SECURITY - FINANCIAL UNDERTAKING. 46.1 A Customer may, with the approval of the State’s Principal Contract Administrator, require the Supplier to arrange for a bank or financial institution (acceptable to the Customer) to give the Customer an unconditional and irrevocable financial undertaking in the form and for the amount required by the Customer (“Financial Undertaking”). Any requirement for a Financial Undertaking must be specified in the relevant CA Memorandum.

SECURITY - FINANCIAL UNDERTAKING. 46.1 47.1 A Customer may, with the approval of the State’s Principal Contract Administrator, require the Supplier to arrange for a bank or financial institution (acceptable to the Customer) to give the Customer an unconditional and irrevocable financial undertaking in the form and for the amount required by the Customer (“Financial Undertaking”). Any requirement for a Financial Undertaking must be specified in the relevant CA Memorandum.

SECURITY - FINANCIAL UNDERTAKING. 46.1 47.1 A Customer may, with the approval of the State’s Principal Contract Administrator, require the Supplier to arrange for a bank or financial institution financialinstitution (acceptable to the Customer) to give the Customer an unconditional anunconditional and irrevocable financial undertaking in the form and for the amount theamount required by the Customer (“Financial Undertaking”). Any requirement for a Financial Undertaking must be specified in the relevant CA MemorandumrelevantCAMemorandum.