Common use of Operation Model Clause in Contracts

Operation Model. 3.1 The Joint Stock Company may submit the plan on the demand for electricity for the following year or the adjustment plan to the service items for the current year (“Annual Provision Plan”) to the Group Company before 30 November each year. Both parties shall agree unanimously on the plan before 31 December of the current year. In the event the plan on the demand for electricity of the Joint Stock Company for the following year is the same as the current year, the Group Company is obliged to satisfy the plan. 3.2 Both parties and their respective subsidiaries shall enter into specific supply contract for the provision of electricity pursuant to this agreement (including the formulation of Annual Provision Plan pursuant to this agreement). 3.3 In the course of executing the Annual Provision Plan or the specific supply contract, where necessary and agreed by both parties, the Annual Provision Plan or the specific supply contact may be adjusted. 3.4 The consideration for the provision of electricity may be settled in one lump sum or installments. 3.5 Either party shall settle the amount due to the other party or credit the account of the other party in relation to the ongoing connected transactions for the current month latest by the last business day of each calendar month. The amount incurred by the ongoing connected transactions for each calendar month shall be settled within the month immediately following, but not including the amounts involved in the transactions not completed then and the amounts under disputes.

Operation Model. 3.1 The Joint Stock Company may submit the plan on the demand for electricity labour and services for the following year or the adjustment plan to the service items for the current year (“Annual Provision Plan”) to the Group Company before 30 November each year. Both parties shall agree unanimously on the plan before 31 December of the current year. In the event the plan on the demand for electricity labour and services of the Joint Stock Company for the following year is the same as the current year, the Group Company is obliged to satisfy the plan. 3.2 Both parties and their respective subsidiaries shall enter into specific supply contract for the provision of electricity labour and services pursuant to this agreement (including the formulation of Annual Provision Plan pursuant to this agreement). 3.3 In the course of executing the Annual Provision Plan or the specific supply contract, where necessary and agreed by both parties, the Annual Provision Plan or the specific supply contact may be adjusted. 3.4 The consideration for the provision of electricity labour and services may be settled in one lump sum or installments. 3.5 Either party shall settle the amount due to the other party or credit the account of the other party in relation to the ongoing connected transactions for the current month latest by the last business day of each calendar month. The amount incurred by the ongoing connected transactions for each calendar month shall be settled within the month immediately following, but not including the amounts involved in the transactions not completed then and the amounts under disputes.