Common use of Downpayment Clause in Contracts

Downpayment. The downpayment amount shown in A.18 may not be applied toward any other payment required under the provisions of this contract, except damages determined pursuant to J.4, transferred to other contracts, or refunded until stumpage 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 24 contracts

Samples: Contract Road Maintenance Requirements Summary, www.fs.usda.gov, www.fs.usda.gov

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.