Common use of Declaration and Undertaking Clause in Contracts

Declaration and Undertaking. 3.1 The Parties consider themselves as clearing professionals and declare that they have the resources and expertise required to perform the terms of this Agreement. 3.2 The Clearing Member shall take all necessary steps regarding the technical access to LCH SA before starting activities under this Agreement.

Declaration and Undertaking. 3.1 The Parties consider themselves as clearing professionals and declare that they have the resources and expertise required to perform the terms of this Agreement. 3.2 The Clearing Member shall take all necessary steps regarding the technical access to LCH LCH.Clearnet SA before starting activities under this Agreement.