Settlement and Payment Method. The Parties acknowledge that the accounting shall be conducted for Party B on a quarterly basis. Within 10 business days after the end of each quarter, Party B shall pay the service fee to Party A’s designated bank account as instructed by Party A in a written notice. The Parties may also separately agree on the timing of payment in writing. Upon receipt of Party B’s payment of the service fee, Party A shall produce relevant commercial invoices to Party B according to law.
Appears in 3 contracts
Samples: Exclusive Cooperation Agreement (China Education International, Inc.), Exclusive Cooperation Agreement (China Education International, Inc.), Exclusive Cooperation Agreement (Ambow Education Holding Ltd.)
Settlement and Payment Method. The All Parties acknowledge that the accounting shall be conducted for Party B B’s school on a quarterly basis. Within 10 business days after the end of each quarter, Party B B’ school shall pay the service fee to Party A’s designated bank account as instructed by Party A in a written notice. The Parties may also separately agree on the timing of set up payment schedule in writingwriting otherwise as needed. Upon receipt of Party B’s school’s payment of the service fee, Party A shall produce relevant commercial invoices to Party B B’s school according to law.
Appears in 1 contract
Samples: Executive Cooperation Agreement (USChina Channel Inc)
