Common use of Lost, Stolen, Unaccounted-For Operating Receipts Clause in Contracts

Lost, Stolen, Unaccounted-For Operating Receipts. Should any Operating Receipts in the possession of the Contractor be lost, stolen, or unaccounted-for, including but not limited to cashier shortages, they shall be replaced by the Contractor using its own funds within twenty-four (24) hours of when such loss, theft, or failure to account is discovered or should have been discovered. The Contractor shall notify the Contracting Officer, COTR, or his/her designee and the Airport Police by telephone immediately of any lost, stolen, or unaccounted-for Operating Receipts equal to or greater than One Hundred Dollars ($100), followed by a written report prepared in accordance with Section 4.11(b) herein within twenty-four (24) hours after the telephonic notice.