Common use of FEE SETTLEMENT Clause in Contracts

FEE SETTLEMENT. 4.1 It is agreed that the fees payable under this Agreement will be settled once each calendar month. Party B will provide the Fee Settlement Schedule for the prior month no later than the 10th day of each month. Within three business days upon its receipt of such schedule, Party A shall complete its review and notify Party B to issue valid invoice thereof and, within five business days upon its receipt of such invoice, Party A will make full payment to party B. Any settlement or payment provided in the preceding sentence which falls on weekends or public holidays will be extended to the immediately following business day.

Appears in 3 contracts

Samples: Service Outsourcing Agreement, Purchase Agent Service Agreement (ShangPharma Corp), Special Laboratory Services Agreement (ShangPharma Corp)

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FEE SETTLEMENT. 4.1 It is agreed that the fees payable under this Agreement will be settled once each calendar month. Party B will provide the Fee Settlement Schedule for the prior month no later than the 10th day of each month. Within three business days upon its receipt of such schedule, Party A shall complete its review and will notify Party B to issue valid invoice thereof and, within five business days upon its receipt of such invoice, Party A will make full payment to party B. Any settlement or payment provided in the preceding sentence which falls on weekends or public holidays will be extended to the immediately following business day.

Appears in 1 contract

Samples: Purchase Agent Service Agreement (ShangPharma Corp)

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