Common use of Means of Payment Clause in Contracts

Means of Payment. 1. The PURCHASER shall pay to the COUNTY the sum of $ as Net Sale Value. Twenty Five (25%) percent of this amount [$ ] shall be paid upon the date the contract is signed by COUNTY. 2. The timber subject to this contract, shall be cut in increments of up to twenty-five (25%) percent of the total and not more; each twenty-five (25%) percent cut shall be preceded by a payment of twenty-five (25%) percent of the total Net Sale Value. 3. Without regard to whether PURCHASER has cut as much as he is authorized to in paragraph (2.) above; (a) fifty (50%) percent of the Net Sale Value shall be paid on or before June 22, 2023, and (b) the full amount of the Net Sale Value shall be paid on or before June 20, 2024. 4. When logging is completed, the actual value and volume of timber cut shall be determined based on log load receipts received by COUNTY. The sale value shall then be adjusted and any additional sums due COUNTY shall be billed to PURCHASER or any amount due PURCHASER shall be refunded by COUNTY. 5. COUNTY shall bill PURCHASER when payments are due. (a) If any payment is not received on or before its due date, then all logging activities shall immediately cease until such a time that the payment is received by COUNTY. (b) Any payments received after the due date shall accrue interest at a rate of nine (9%) percent per annum. Interest is due and payable on the same date that the late payment is submitted. 6. If, at the sole determination of the COUNTY, it appears that the sale may result in overrun, the COUNTY reserves the right to acquire additional cash payments prior to the hauling of overrun timber.

Means of Payment. 1. The PURCHASER shall pay to the COUNTY the sum of $ as Net Sale Value. Twenty Five (25%) percent of this amount [$ ] shall be paid upon the date the contract is signed by COUNTY. 2. The timber subject to this contract, shall be cut in increments of up to twenty-five (25%) percent of the total and not more; each twenty-five (25%) percent cut shall be preceded by a payment of twenty-five (25%) percent of the total Net Sale Value. 3. Without regard to whether PURCHASER has cut as much as he is authorized to in paragraph (2.) above; (a) fifty (50%) percent of the Net Sale Value shall be paid on or before June 2219, 20232025, and (b) seventy five (75%) percent of the Net Sale Value shall be paid on or before June 18, 2026, and (c) the full amount of the Net Sale Value shall be paid on or before June 2017, 20242027. 4. When logging is completed, the actual value and volume of timber cut shall be determined based on log load receipts received by COUNTY. The sale value shall then be adjusted and any additional sums due COUNTY shall be billed to PURCHASER or any amount due PURCHASER shall be refunded by COUNTY. 5. COUNTY shall bill PURCHASER when payments are due. (a) If any payment is not received on or before its due date, then all logging activities shall immediately cease until such a time that the payment is received by COUNTY. (b) Any payments received after the due date shall accrue interest at a rate of nine (9%) percent per annum. Interest is due and payable on the same date that the late payment is submitted. 6. If, at the sole determination of the COUNTY, it appears that the sale may result in overrun, the COUNTY reserves the right to acquire additional cash payments prior to the hauling of overrun timber.

Means of Payment. 1. The PURCHASER shall pay to the COUNTY the sum of $ $_ _ as Net Sale Value. Twenty Five (25%) percent of this amount [$ _] shall be paid upon the date the contract is signed by COUNTY. 2. The timber subject to this contract, shall be cut in increments of up to twenty-five (25%) percent of the total and not more; each twenty-five (25%) percent cut shall be preceded by a payment of twenty-five (25%) percent of the total Net Sale Value. 3. Without regard to whether PURCHASER has cut as much as he is authorized to in paragraph (2.) above; (a) fifty (50%) percent of the Net Sale Value shall be paid on or before June 2224, 20232022, and (b) the full amount of the Net Sale Value shall be paid on or before June 2024, 20242023. 4. When logging is completed, the actual value and volume of timber cut shall be determined based on log load receipts received by COUNTY. The sale value shall then be adjusted and any additional sums due COUNTY shall be billed to PURCHASER or any amount due PURCHASER shall be refunded by COUNTY. 5. COUNTY shall bill PURCHASER when payments are due. (a) If any payment is not received on or before its due date, then all logging activities shall immediately cease until such a time that the payment is received by COUNTY. (b) Any payments received after the due date shall accrue interest at a rate of nine (9%) percent per annum. Interest is due and payable on the same date that the late payment is submitted. 6. If, at the sole determination of the COUNTY, it appears that the sale may result in overrun, the COUNTY reserves the right to acquire additional cash payments prior to the hauling of overrun timber.

Means of Payment. 1. The PURCHASER shall pay to the COUNTY the sum of $ as Net Sale Value. Twenty Five (25%) percent of this amount [$ ] shall be paid upon the date the contract is signed by COUNTY. 2. The timber subject to this contract, shall be cut in increments of up to twenty-five (25%) percent of the total and not more; each twenty-five (25%) percent cut shall be preceded by a payment of twenty-five (25%) percent of the total Net Sale Value. 3. Without regard to whether PURCHASER has cut as much as he is authorized to in paragraph (2.) above; (a) fifty (50%) percent of the Net Sale Value shall be paid on or before June 2220, 20232024, and (b) seventy five (75%) percent of the Net Sale Value shall be paid on or before June 19, 2025, and (c) the full amount of the Net Sale Value shall be paid on or before June 2018, 20242026. 4. When logging is completed, the actual value and volume of timber cut shall be determined based on log load receipts received by COUNTY. The sale value shall then be adjusted and any additional sums due COUNTY shall be billed to PURCHASER or any amount due PURCHASER shall be refunded by COUNTY. 5. COUNTY shall bill PURCHASER when payments are due. (a) If any payment is not received on or before its due date, then all logging activities shall immediately cease until such a time that the payment is received by COUNTY. (b) Any payments received after the due date shall accrue interest at a rate of nine (9%) percent per annum. Interest is due and payable on the same date that the late payment is submitted. 6. If, at the sole determination of the COUNTY, it appears that the sale may result in overrun, the COUNTY reserves the right to acquire additional cash payments prior to the hauling of overrun timber.

Means of Payment. 1. The PURCHASER shall pay to the COUNTY the sum of $ $_ _ as Net Sale Value. Twenty Five (25%) percent of this amount [$ _] shall be paid upon the date the contract is signed by COUNTY. 2. The timber subject to this contract, shall be cut in increments of up to twenty-five (25%) percent of the total and not more; each twenty-five (25%) percent cut shall be preceded by a payment of twenty-five (25%) percent of the total Net Sale Value. 3. Without regard to whether PURCHASER has cut as much as he is authorized to in paragraph (2.) above; (a) fifty (50%) percent of the Net Sale Value shall be paid on or before June 2224, 20232021, and (b) the full amount of the Net Sale Value shall be paid on or before June 2024, 20242022. 4. When logging is completed, the actual value and volume of timber cut shall be determined based on log load receipts received by COUNTY. The sale value shall then be adjusted and any additional sums due COUNTY shall be billed to PURCHASER or any amount due PURCHASER shall be refunded by COUNTY. 5. COUNTY shall bill PURCHASER when payments are due. (a) If any payment is not received on or before its due date, then all logging activities shall immediately cease until such a time that the payment is received by COUNTY. (b) Any payments received after the due date shall accrue interest at a rate of nine (9%) percent per annum. Interest is due and payable on the same date that the late payment is submitted. 6. If, at the sole determination of the COUNTY, it appears that the sale may result in overrun, the COUNTY reserves the right to acquire additional cash payments prior to the hauling of overrun timber.