GS $Mart definition

GS $Mart means the State of California Department of General Services Golden State Financial Marketplace Program, as structured, administered and maintained under Section 14930 et seq. of the Government Code.
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Examples of GS $Mart in a sentence

  • Should the State desire financing of the assets provided hereunder through GS $Mart, the State’s financial marketplace, the Contractor agrees to assign to a State- designated lender its right to receive payment from the State for the assets in exchange for payment by the lender of the cash purchase price for the assets.

  • Should the State desire financing of the assets provided hereunder through GS $Mart, the State’s financial marketplace, the Contractor agrees to assign to a State-designated lender its right to receive payment from the State for the assets in exchange for payment by the lender of the cash purchase price for the assets.

  • The State reserves the right to select the form of payment for all procurements, be it either an outright purchase with payment rendered directly by the State, or a financing/lease-purchase or operating lease via the State Financial Marketplace (GS $Mart and/or Lease $Mart).

  • Should the State desire financing of the assets provided hereunder through GS $Mart, the State’s financial marketplace, the contractor agrees to assign to a State-designated lender its right to receive payment from the State for the assets in exchange for payment by the lender of the cash purchase price for the assets.