Common use of FOREST IMPROVEMENT PAYMENTS Clause in Contracts

FOREST IMPROVEMENT PAYMENTS. The Purchaser is required to pay a fee for Forest Improvement on all sawlogs cut, both live and dead. The Forest Improvement fee for this sale is shown in Table 1. The Purchaser agrees to make these payments in 6 installments. The first 5 payments will be calculated using this formula: [Forest Improvement fee per ton times total estimated tons divided by 6]. The final payment will be made in conjunction with the final sale billing. The amount of the final billing will be adjusted to reflect payment due based on the actual sale weight. The Purchaser will be billed quarterly for the 5 payments on or about the first day of January, April, July and October. Payments will start on the first quarterly billing date after contract signature or as otherwise determined by the Administrator. If the sale is completed before all the Forest Improvement payments have been made, the Purchaser will be billed for the balance owed.

FOREST IMPROVEMENT PAYMENTS. The Purchaser is required to pay a fee for Forest Improvement on all sawlogs cutcut from non-Morrill trust land, both live and dead. The Forest Improvement fee for this sale is shown in Table 1. The Purchaser agrees to make these payments in 6 installments. The first 5 payments will be calculated using this formula: [Forest Improvement fee per ton times total estimated tons divided by 6]. The final payment will be made in conjunction with the final sale billing. The amount of the final billing will be adjusted to reflect payment due based on the actual sale weight. The Purchaser will be billed quarterly for the 5 payments on or about the first day of January, April, July and October. Payments will start on the first quarterly billing date after contract signature or as otherwise determined by the Administrator. If the sale is completed before all the Forest Improvement payments have been made, the Purchaser will be billed for the balance owed.

FOREST IMPROVEMENT PAYMENTS. The Purchaser is required to pay a fee for Forest Improvement on all sawlogs cut, both live and dead. The Forest Improvement fee for this sale is shown in Table 1. The Purchaser agrees to make these payments in 6 installments. The first 5 payments will be calculated using this formula: [Forest Improvement fee per ton times total estimated tons divided by 6]. The final payment will be made in conjunction with the final sale billing. The amount of the final billing will be adjusted to reflect payment due based on the actual sale weight. The Purchaser will be billed quarterly for the 5 payments on or about the first day of January, April, July and October. Payments will start on the first quarterly billing date after contract signature or as otherwise determined by award of the Administratorsale. If the sale is completed before all of the Forest Improvement payments have been made, the Purchaser will be billed for the balance owed.