Common use of Third Instalment Clause in Contracts

Third Instalment. The sum of United States Dollars Sixty-Nine Million and Two Hundred Thousand (US$69,200,000) equivalent to 20% of the Contract Price shall be paid on or before 31 December 2017.

Third Instalment. The sum of United States Dollars Sixty-Nine Million and Two Hundred Thousand (US$69,200,000) equivalent to 20% of the Contract Price shall be paid upon issuance of Completion Certificate, which is to be issued on or before 31 December 2017.