Common use of Bank Account Clause in Contracts

Bank Account. Payments shall be made to the Contractor’s bank account denominated in the Contract’s currency, identified in the duly filled Financial Identification Form. The Financial Identification Form shall be provided by the ITER Organization in a timely manner. It is the Contractor’s obligation to return this form to the ITER Organization in a timely manner. No payments can be made until the ITER Organization is in possession of this document.

Bank Account. Payments shall be made to the Contractor’s bank account denominated in the Contract’s currency, identified in the by a duly filled in Financial Identification Form. The Financial Identification Form shall be provided by the ITER Organization in a timely manner. It is the Contractor’s obligation to return this form to the ITER Organization in a timely manner. No payments can be made until the ITER Organization is in possession of this document.