Common use of Third Payment Clause in Contracts

Third Payment. Within 10 business days upon completion of the installation of the equipment and the submission of the acceptance application by EB Tech, BEJN shall complete the verification. BEJN shall pay 10% of the contract price under the Equipment Supply Agreement within 3 business days following completion of such verification and after receiving special value-added tax invoice from EB Tech.

Appears in 2 contracts

Sources: Equipment Supply Agreement, Equipment Supply Agreement