Common use of Payment Method and Schedule Clause in Contracts

Payment Method and Schedule. Within 20 business days after this Agreement is signed, Party B shall pay Party A the agreed transfer price of RMB 65,200,000. Within 20 business days after the completion of the construction but no later than March 31, 2016, Party B shall pay Party A RMB 50,000,000; before September 30, 2016, Party B shall pay Party A the remaining RMB 50,000,000. ▇▇▇▇▇ ▇▇, the legal representative of Tangshan Rongfeng Iron & Steel Co., Ltd. shall provide the joint liability guaranty for the payment under this Agreement and a separate guarantee agreement will be executed by the two parties.

Payment Method and Schedule. Within 20 business days after this Agreement is signed, Party B shall pay Party A the agreed transfer price of RMB 65,200,00050,000,000. Within 20 business days after the completion of the construction but no later than March 31July 30, 2016, Party B shall pay Party A RMB 50,000,00030,000,000; before September July 30, 20162017, Party B shall pay Party A the remaining RMB 50,000,000. ▇▇▇▇▇ ▇▇, the legal representative of Tangshan Rongfeng Iron & Steel Co., Ltd. shall provide the joint liability guaranty for the payment under this Agreement and a separate guarantee agreement will be executed by the two parties87,360,000.