Common use of First Installment Clause in Contracts

First Installment. On the date the Purchase Price reaches the Provisional Account in accordance with legal procedures, the Object Company obtains the power business permit issued by the Power Regulatory Commission and the social insurance registration certificate, the Transferee shall pay 80% of the Purchase Price (“First Installment”) to the Transferors; both of the Transferee and the Transferors agree that 80% of the yield generated by Yingchuan Hydropower Project shall belong to the Object Company from the date of the First Installment to next installment, and the Transferors shall not dispose of, reduce or damage the aforesaid yield in any manner, otherwise, the Transferee is entitled to directly pursue the Transferors for compensation.