Common use of Repurchase payment method Clause in Contracts

Repurchase payment method. Starting from the sixth year after the completion and delivery date, every 12 months, Party A will repurchase 20% of Party A’s total investment (Party A will submit a principal payment notice to Party B after the end of the 12th month). Party B shall remit the money to the platform company account established by Party A within 5 working days after receiving the notice. Party B can pay the principal amount in advance.

Appears in 1 contract

Sources: Investment and Cooperation Agreement (ESG Inc.)

Repurchase payment method. Starting from the sixth year after the completion and delivery date, every 12 months, Party A will repurchase 20% of Party A’s 's total investment (Party A will submit a principal payment notice to Party B after the end of the 12th month). Party B shall remit the money to the platform company account established by Party A within 5 working days after receiving the notice. Party B can pay the principal amount in advance.

Appears in 1 contract

Sources: Investment and Cooperation Agreement (ESG Inc.)