Common use of Extension Deposits Clause in Contracts

Extension Deposits. In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit balance of any deposit made pursuant to E.2.1.3 by the number of whole months remaining in Normal Operating Season(s) within the extension period to determine the amount of each “Extension Deposit.”

Appears in 24 contracts

Sources: Integrated Resource Contract, Integrated Resource Contract, Integrated Resource Contract

Extension Deposits. In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit balance of any deposit made pursuant to E.2.1.3 ET.2.1.3 by the number of whole months remaining in Normal Operating Season(s) within the extension period to determine the amount of each “Extension Deposit.”

Appears in 9 contracts

Sources: Integrated Resource Contract, Integrated Resource Contract, Integrated Resource Contract