The Buyer shall pay the Seller US $350 000 within 20 days after the Bank of China ahs received the following documents from the Seller and found them in order but not earlier than 12 (twelve) months after the date the Contract Plant for the first time reached 95% of guaranteed capacity of the whole Contract Plant according to the guaranteed quality indices as per Annex VI to the Contract or 65 months after the date of signing the contract, whichever is earlier.