Article 5 Clause Samples
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Article 5. For the provided service the Contracting party shall pay to the Contractor the contracted price referred to in Article 4 hereof within 8 days upon issuing the payment basis document. The Contractor shall provide to the Contracting party a payment basis document: A. Upon completion of each phase of the contracted service.
Article 5. 2 of the Existing Agreement shall be deleted in its entirety and replaced with the following:
Article 5. 1.1. LESSEE will pay LESSOR a security deposit of [Redacted] for its lease of the Aircraft (the “Security Deposit”). The Security Deposit is payable as follows (in US$): Received [Redacted] Upon execution of Lease [Redacted] [Redacted] prior to Scheduled Delivery Date [Redacted]
Article 5. The parties hereto acknowledge and agree that Section 5.2(f) as set forth in Article 5 is hereby restated in its entirety as follows: