Common use of Payment Condition Clause in Contracts

Payment Condition. If it is stipulated that the contractor shall submit performance bond, the submission of performance bond shall be the condition for the contract letting party to pay all accounts; in case of no performance bond stipulated, the contract letting party shall pay all accounts as agreed upon.

Appears in 2 contracts

Sources: Project Contracting Contract (SolarMax Technology, Inc.), Project Contracting Contract (SolarMax Technology, Inc.)