Common use of Cash Deposits Clause in Contracts

Cash Deposits. Within the limitations of this Subsection, Contractor shall make cash deposits to meet Contractor’s obligations within 15 days of billing by Forest Service. Deposits shall be made to Forest Service, U.S.D.A., by mail or delivery to the address to be furnished by Forest Service. Forest Service shall ex- plain the bill at the time it requests each deposit. B4.211 Downpayment. The downpay- ment amount shown in A18 may not be applied toward any other payment required under the provisions of this contract, except damages determined pursuant to B9.4, transferred to other contracts, or refunded until xxxxx- age value representing 25 percent of the total bid value of the contract has been charged and paid for or the estimated value of the unscaled timber is equal to or less than the amount of the downpayment.

Appears in 11 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

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