Common use of Settlement Period Clause in Contracts

Settlement Period. Both parties agree that the settlement period is three months, that is the products payments and service fees for that month will be deposited into Party A's account before the 15th day of the fourth month after the products are delivered or after the customers sign the service contract. The settlement basis is the quantity of products actually purchased from Party A and delivered to Party B for that month (the "signed receipts" will prevail).

Settlement Period. Both parties agree that the settlement period is three months, that is the products payments and service fees for that month will be deposited into Party A's ’s account before the 15th day of the fourth month after the products are delivered or after the customers sign the service contract. The settlement basis is the quantity of products actually purchased from Party A and delivered to Party B for that month (the "“signed receipts" ” will prevail).