Installment. 5.1 Pursuant to Clause 3.2.1, QIND undertakes to pay Artelliq an average monthly installment of USD 33,333.33 or AED 122,400.00, and/or, where applicable, a daily installment of USD 1,111.11 or AED 4,080.00 for the duration of this Agreement. 5.2 Installments shall accrue daily and shall be payable monthly, in arrears, on the last working day of each month and the Buy-back Date.
Appears in 2 contracts
Sources: Shares Subscription and Buy Back Agreement (Ilustrato Pictures International Inc.), Shares Subscription and Buy Back Agreement (Quality Industrial Corp.)