Party B definition
Examples of Party B in a sentence
Party A shall, within the time agreed upon by both parties after the buyout, complete the physical disposal of the sluggish materials by itself or by entrusting Party B.
The parties hereby acknowledge that Party A and/or its affiliates shall settle and pay the mutually agreed security deposit (That is, the amount of special equipment set out in the [***] Infrastructure Technical Transformation and Management Investment Agreement signed by both parties) to Party B and/or its affiliates within 30 days after the end of each quarter.
Party B and/or its affiliates shall return the interest-free security deposit to Party A and/or its affiliates on a monthly basis, commencing in the month following the receipt of payment for the vehicle after mass production delivery, in accordance with the monthly depreciation amount of the special assets for the cooperative models.
If the negotiation fails, any party shall bring a lawsuit to the people’s court at the place where Party B is located.
The material price paid in advance may be deducted from the sum payable by Party A to Party B for the complete vehicle assembly.