Common use of Settlement and Payment Methods Clause in Contracts

Settlement and Payment Methods. 3.1. Party B shall pay the cooperation fee to Party A in accordance with the contract, as specified below. The 2018 annual contract guarantee payment in amount of RMB (20% of the total contract amount) should be paid before November 30, 2018. The total contract amount for 2018 is RMB . The payment of the contract is divided into four phases: The first payment date is: Before December 10, 2018, the payment amount is (25% of the total contract amount): RMB . The second payment date is: Before March 15, 2019, the payment amount is (25% of the total contract amount): RMB The third payment date is: Before June 15, 2019, the payment amount is (25% of the total contract amount): RMB . The fourth payment date is Before September 15, 2019, the payment amount is (25% of the total contract amount): RMB . Party A receives the cooperation fees as scheduled Within 15 working days, an equal invoice and a deposit receipt will be issued to Party B. In the second year (2020), the contract amount must be signed by a supplementary agreement. Among them, A1 city (Shenyang, Dalian), provincial capital city theater price (calculation method: the actual transaction price of this contract / the total number of theaters in Table 1 of the first paragraph *the number of A 1 city, provincial capital city theaters) up 10%; Party B wants to purchase Party A's new cinema, and the price of the new cinema will be separately included in the contract amount. If the 2019 annual guarantee is less than 20% of the total contract amount in 2020, Party B must make up before November 20, 2019. Party B shall pay Party A the cooperation fee according to the payment method of 2019, that is, pay the 2020 annual contract payment before December 20, 2019.

Settlement and Payment Methods. 3.1. Party B shall pay the cooperation fee to Party A in accordance with the contract, as specified below. The 2018 annual contract guarantee payment in amount of RMB (20% of the total contract amount) should be paid before November 30, 2018. The total contract amount for 2018 is RMB . The payment of the contract is divided into four phases: The first payment date is: Before December 10, 2018, the payment amount is (25% of the total contract amount): RMB . The second payment date is: Before March 15, 2019, the payment amount is (25% of the total contract amount): RMB . The third payment date is: Before June 15, 2019, the payment amount is (25% of the total contract amount): RMB . The fourth payment date is Before September 15, 2019, the payment amount is (25% of the total contract amount): RMB . Party A receives the cooperation fees as scheduled Within 15 working days, an equal invoice and a deposit receipt will be issued to Party B. In the second year (2020), the contract amount must be signed by a supplementary agreement. Among them, A1 city (Shenyang, DalianHarbin), provincial capital city theater price (calculation method: the actual transaction price of this contract / the total number of theaters in Table 1 of the first paragraph *the number of A 1 city, provincial capital city theaters) up 10%; Party B wants to purchase Party A's new cinema, and the price of the new cinema will be separately included in the contract amount. If the 2019 annual guarantee is less than 20% of the total contract amount in 2020, Party B must make up before November 20, 2019. Party B shall pay Party A the cooperation fee according to the payment method of 2019, that is, pay the 2020 annual contract payment before December 20, 2019.