Common use of Payments Not Received Clause in Contracts

Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of Purchaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to: (i) Slash disposal and road maintenance deposits; (ii) Cooperative work at rates established by specific agreement under BT4.218; (iii) Damages pursuant to BT9.4; (iv) Road use fees; (v) Restoration of downpayment pursuant to BT4.22; (vi) Periodic payments pursuant to BT4.213; (vii)Extension Deposits pursuant to BT4.217; and (viii)Other mandatory deposits. (b) Failure to pay amounts due by the date allowed in the bill for collection for receipt of payment shall be considered a breach under BT9.3. The 30-day notice period prescribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution providing the guarantee or bond instrument for immediate payment 10 days after issuance of written notification of the breach.

Appears in 58 contracts

Samples: Timber Sale Contract, Timber Sale Contract, Timber Sale Contract

AutoNDA by SimpleDocs

Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of Purchaser’s 's Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to: (i) Slash disposal and road maintenance deposits; (ii) Cooperative work at rates established by specific agreement under BT4.218; (iii) Damages pursuant to BT9.4; (iv) Road use fees; (v) Restoration of downpayment pursuant to BT4.22; (vi) Periodic payments pursuant to BT4.213; (vii)Extension Deposits pursuant to BT4.217; and (viii)Other mandatory deposits. (b) Failure to pay amounts due by the date allowed in the bill for collection for receipt of payment shall be considered a breach under BT9.3. The 30-day 3�-day notice period prescribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution providing proyiding the guarantee or bond instrument for immediate payment 10 days after issuance of written notification of the breach.

Appears in 1 contract

Samples: Timber Sale Contract

Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill xxxx for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill xxxx for collection for receipt of payment, Contracting Officer will suspend all or any part of Purchaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to: (i) Slash disposal and road maintenance deposits; (ii) Cooperative work at rates established by specific agreement under BT4.218; (iii) Damages pursuant to BT9.4; (iv) Road use fees; (v) Restoration of downpayment pursuant to BT4.22; (vi) Periodic payments pursuant to BT4.213; (vii)Extension Deposits pursuant to BT4.217; and (viii)Other mandatory deposits. (b) Failure to pay amounts due by the date allowed in the bill xxxx for collection for receipt of payment shall be considered a breach under BT9.3. The 30-day notice period prescribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution providing the guarantee or bond instrument for immediate payment 10 days after issuance of written notification of the breach.

Appears in 1 contract

Samples: Timber Sale Contract

AutoNDA by SimpleDocs

Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest For- est Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of PurchaserContractor’s Operations until payment or acceptable ac- ceptable payment guarantee is received. Other charges includein- clude, but are not limited to: (i) Slash disposal and road maintenance depositsdepos- its; (ii) Cooperative work at rates established by specific spe- cific agreement under BT4.218; (iii) Damages pursuant to BT9.4; (iv) Road use fees; (v) Restoration of downpayment pursuant to BT4.22; (vi) Periodic payments pursuant to BT4.213; (vii)Extension Deposits pursuant to BT4.217; and (viii)Other mandatory deposits. (b) Failure to pay amounts due by the date allowed in the bill for collection for receipt of payment shall be considered consid- ered a breach under BT9.3. The 30-day notice period prescribed pre- scribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance perfor- xxxxx or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution insti- tution providing the guarantee or bond instrument for immediate im- mediate payment 10 days after issuance of written notification notifi- cation of the breach.

Appears in 1 contract

Samples: Integrated Resource Timber Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!