Common use of Funds Transfer-in Clause in Contracts

Funds Transfer-in. 3.2.1. Party A shall, within 30 business days following the date of this Agreement or at any other time mutually agreed by the parties, designate an account or open an account for the purpose of transferring funds in Party A's name (such designated account or newly opened account, a "Settlement Account") at a bank mutually agreed upon by Party A and Party B and take necessary steps to grant Part B appropriate authorization to give, from time to time, instructions to the bank where the Settlement Account is opened. Party A shall inform Party B of the account information in writing on the date the account is opened.

Appears in 4 contracts

Samples: Asset Management Agreement (China Life Insurance Co LTD), Asset Management Agreement (China Life Insurance Co LTD), Asset Management Agreement (China Life Insurance Co LTD)

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