Common use of Payments & Advances Clause in Contracts

Payments & Advances. 5.1. HOKU acknowledges that as of the date of this Agreement, SOLARFUN has provided HOKU with a deposit of Eleven Million U.S. Dollars (US$11,000,000) via wire transfer of immediately available funds (the “First Deposit”) as advance payment for Products to be delivered under this Agreement.

Appears in 2 contracts

Samples: Supply Agreement (Hoku Scientific Inc), Supply Agreement (Hoku Scientific Inc)

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Payments & Advances. 5.1. HOKU acknowledges that as of the date of Immediately upon signing this Agreement, SOLARFUN has provided shall provide HOKU with a deposit of Eleven One Million U.S. Dollars (US$11,000,0001,000,000) via wire transfer of immediately available funds (the “First Deposit”"FIRST DEPOSIT") as advance payment for Products to be delivered under this Agreement.

Appears in 1 contract

Samples: Supply Agreement (Solarfun Power Holdings Co., Ltd.)

Payments & Advances. 5.1. HOKU acknowledges that as of the date of this Agreement, SOLARFUN has provided HOKU with a deposit of Eleven Million U.S. Dollars (US$11,000,000) via wire transfer of immediately available funds (the “First Deposit”"FIRST DEPOSIT") as advance payment for Products to be delivered under this Agreement.

Appears in 1 contract

Samples: Supply Agreement (Solarfun Power Holdings Co., Ltd.)

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Payments & Advances. 5.1. HOKU acknowledges that as of the date of Immediately upon signing this Agreement, SOLARFUN has provided shall provide HOKU with a deposit of Eleven One Million U.S. Dollars (US$11,000,0001,000,000) via wire transfer of immediately available funds (the “First Deposit”) as advance payment for Products to be delivered under this Agreement.

Appears in 1 contract

Samples: Supply Agreement (Hoku Scientific Inc)

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