Common use of Excess Funds Clause in Contracts

Excess Funds. If due to mistake or any other reason Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments at the highest rate as allowed by law.

Appears in 47 contracts

Sources: Hvac Repairs and Installations Services Agreement, Agreement for Mowing and Lot Clearing Services, Agreement for Mowing and Lot Clearing Services

Excess Funds. If due to mistake or any other reason Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments judgment at the highest rate as allowed by law.

Appears in 10 contracts

Sources: Agreement for Substation Weed Control Services, Stormwater Fencing Installation and Repairs Agreement, Grounds Maintenance Services Agreement

Excess Funds. If due to mistake mistake, or any other reason reason, Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY thirty (30) days of Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments at the highest rate as allowed by law.

Appears in 10 contracts

Sources: Demolition Agreement, Demolition Agreement, Demolition Agreement

Excess Funds. If due to mistake or any other reason Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of Contractor’s 's receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments at the highest rate as allowed by law.

Appears in 1 contract

Sources: Agreement for Precision Concrete Cutting Services

Excess Funds. If due to mistake or any other reason Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of Contractor’s Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments at the highest rate as allowed by law.

Appears in 1 contract

Sources: Grounds Maintenance Services Agreement