Common use of CAPITAL MANAGEMENT Clause in Contracts

CAPITAL MANAGEMENT. Party B shall manage and control all funds of Party A. Party A shall open or appoint a management account for its funds (“Management Account”) and Party B shall be responsible for and have the right in deciding the inward and outward remittance of its funds. The seals affixed to such account shall be that of the person appointed and confirmed by Party B. As of the day when this Agreement comes into effect, all cashes of Party A, including but not limited to revenues from sales, existing working capitals, collecting of receivables, and all payables and operating expenses, employees’ salaries and compensations and assets acquisition, must be saved and transacted in this Management Account.

CAPITAL MANAGEMENT. Party B shall manage and control all funds of Party A. Party A shall open or appoint a management amanagement account for its funds (“Management Account”) and Party B shall be responsible beresponsible for and have the right in deciding the inward and outward remittance of its fundsitsfunds. The seals affixed to such account shall be that of the person appointed and confirmed by confirmedby Party B. As of the day when this Agreement comes into effect, all cashes of Party A, ,including but not limited to revenues from sales, existing working capitals, collecting of receivables, and all payables and operating expensesoperatingexpenses, employees’ salaries and compensations and compensationsand assets acquisition, must be saved and transacted in this Management Account.

CAPITAL MANAGEMENT. Party B shall manage and control all funds of Party A. Party A shall open or appoint a management account for its funds (“Management Account”) and Party B shall be responsible for and have the right in deciding the inward and outward remittance of its funds. The seals affixed to such account shall be that of the person appointed and confirmed by Party B. As of the day when this Agreement comes into effect, all cashes cash of Party A, including but not limited to revenues from sales, existing working capitals, collecting of receivables, and all payables and operating expenses, employees’ salaries and compensations and assets acquisition, must be saved and transacted in this Management Account.Account at the direction of Party B.