FINANCE REQUIREMENTS Clause Samples

FINANCE REQUIREMENTS. When required by the Government, and agreed to by Contractor, and when sufficient energy, maintenance, avoided costs, and savings exist, the Contractor shall provide Initial Capital in excess of available Government funds for projects awarded on Delivery Orders. Financing terms shall be specified in individual Delivery Orders and shall separately identify the base price, applied incentives, net price, down payment (if any), financed amount, payment stream (number of payments in months and amount of each annual payment), and capital rate applied to the financed amount. An Amortization Schedule shall be included in each Delivery Order where Contractor financing is obtained. The Amortization Schedule shall contain, at a minimum, the financed amount and payment stream where the payment stream includes, at a minimum, the total annual payment, portion of payment applied toward reducing the outstanding principal balance, and portion applied for cost of capital. Termination of financed amounts, once funded by the Contractor or a financial institution, shall be in accordance with FAR 52.249-2 and in accordance with the Amortization Schedule within each Delivery Order.