Common use of The First Payment Clause in Contracts

The First Payment. Within five (5) Business Days after the Effective Date, the Purchaser shall pay RMB50,000,000 or equivalent US Dollars or HK Dollars to the Existing Shareholder;

The First Payment. Within five ten (510) Business Days after the Effective Date, the Purchaser shall pay RMB50,000,000 RMB100,000,000 or equivalent US Dollars or HK Dollars to the Existing Shareholder;