Common use of Average Log Length and Payment Reduction Clause in Contracts

Average Log Length and Payment Reduction. If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) Where:

Appears in 6 contracts

Samples: Harvester Contract, Timber Sale Agreement, Timber Sale Agreement

AutoNDA by SimpleDocs

Average Log Length and Payment Reduction. If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) Where:

Appears in 6 contracts

Samples: Timber Sale Agreement, Ch Harvester Contract, Timber Sale Agreement

AutoNDA by SimpleDocs

Average Log Length and Payment Reduction. If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) Where:

Appears in 2 contracts

Samples: Timber Sale Agreement, Timber Sale Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!