Common use of Purchase Price Payment Terms Clause in Contracts

Purchase Price Payment Terms. The purchase price for the Equipment and related services ("Purchase Price") shall be Thirty-three million and one thousand U.S. Dollars ($33,001,000 USD). Payment terms: 2.1. Customer shall pay a deposit ("Deposit") equal to twenty percent (20%) of the total Purchase Price by wire transfer to GT Solar's bank account in such a way that one-sixth of the deposit amount should be done by the middle of each month starting from July, 2005 until middle of December, 2005. 2.2. Fourteen (14) days before each payment, GT Solar will open a standby letter of credit in the amount of the Deposit in favor of Customer against GT Solar's failure to deliver the Equipment pursuant to the terms of this Agreement. 2.3. At 75 days prior to each shipment, GT Solar will notify the shipment amount to Customer. No less than sixty (60) days of each shipment, Customer will establish in favor of GT Solar an irrevocable letter of credit covering seventy percent (70%) of the said amount of the each shipment, which is payable to GT Solar upon presentation of shipping documents. 2.4. Ten percent (10%) of the each shipment amount will be paid by Customer to GT Solar by wire transfer within 90 days from the said shipment here within.

Purchase Price Payment Terms. The purchase price for the Equipment and related services ("Purchase Price") shall be Thirty-twenty six million three million and one hundred eighty four thousand seven hundred sixty eight U.S. Dollars ($33,001,000 26,384,768.00 USD). The price can increase if the material costs increase, up to a maximum of 5%. Payment terms: 2.1. Customer shall pay a deposit ("Deposit") equal to twenty percent (20%) of the total Purchase Price by wire transfer to GT Solar's bank account in such a way that one-sixth of the deposit amount should be done by the middle of each month starting from JulyMarch, 2005 2006 until middle of DecemberSeptember, 20052006. 2.2. Fourteen (14) days before each payment, GT Solar will open a standby letter of credit in the amount of the Deposit in favor of Customer against GT Solar's failure to deliver the Equipment pursuant to the terms of this Agreement. 2.3. At 75 days prior to each shipment, GT Solar will notify the shipment amount to Customer. No less than sixty (60) days of each shipment, Customer will establish in favor of GT Solar an irrevocable letter of credit covering seventy percent (70%) of the said amount of the each shipment, which is payable to GT Solar upon presentation of shipping documents. 2.4. Ten percent (10%) of the each shipment amount will be paid by Customer to GT Solar by wire transfer within 90 days from the said shipment here within.

Purchase Price Payment Terms. The purchase Purchase price for the Equipment and related services ("Purchase Price") shall be Thirtyis $14,000,000.00 ex-three million and one thousand U.S. Dollars ($33,001,000 USD)works, crating for ocean shipment is included. Payment terms: 2.1. Customer shall pay a deposit ("Deposit") equal to twenty percent (20%) of the total Purchase Price by wire transfer to GT Solar's bank account in such a way that one-sixth of the deposit amount should be done by the middle of each month starting from JulyJanuary, 2005 2006 until middle of DecemberJune, 20052006. 2.2. Fourteen (14) days before each payment, GT Solar will open a standby letter of credit in the amount of the Deposit in favor of Customer against GT Solar's failure to deliver the Equipment pursuant to the terms of this Agreement. 2.3. At 75 days prior to each shipment, GT Solar will notify the shipment amount to the Customer. No less than sixty (60) days of each shipment, Customer will establish in favor of GT Solar an irrevocable letter of credit covering seventy percent (70%) of the said amount of the each shipment, which is payable to GT Solar upon presentation of shipping documents. 2.4. Ten percent (10%) of the each shipment amount will be paid by the Customer to GT Solar by wire transfer within 90 days from the said shipment here within.