Common use of Periodic Determination of Stumpage Rates Clause in Contracts

Periodic Determination of Stumpage Rates. For the periods following the one in which this contract is approved, stumpage rates shall be adjusted by the procedure set forth as follows: In order to determine the stumpage rates to be paid for the timber cut under this contract, it is agreed that N/A index prices of lumber for the Choose an item. period beginning Click here to enter a date. are: Species Index Base Index Price The Approving Officer shall obtain from the above-designated organization, through its published reports or otherwise, statements of the index prices of lumber for each period during the time provided for the Purchaser to cut and pay for all designated timber. The stumpage rates which are to become effective for each period shall be the bid rates plus or minus Click here to enter text. percent of the difference between the index prices for the period just passed and the stipulated base index prices. A10. Performance Bond. The Purchaser delivers herewith and agrees to maintain a bond satisfactory to the Approving Officer in the sum of $48,000.00 conditioned upon the faithful performance of all the terms of this contract.

Periodic Determination of Stumpage Rates. For the Choose an item. periods following the one in which this contract is approved, stumpage rates shall be adjusted by the procedure set forth as follows: : In order to determine the stumpage rates to be paid for the timber cut under this contract, it is agreed that N/A Click here to enter text. index prices of lumber for the Choose an item. period beginning Click here to enter a date. are: Species Index Base Index Price NOT APPLICABLE The Approving Officer shall obtain from the above-designated organization, through its published reports or otherwise, statements of the index prices of lumber for each period during the time provided for the Purchaser to cut and pay for all designated timber. The stumpage rates which are to become effective for each period shall be the bid rates plus or minus Click here to enter text. percent of the difference between the index prices for the period just passed and the stipulated base index prices. A10. Performance Bond. The Purchaser delivers herewith and agrees to maintain a bond satisfactory to the Approving Officer in the sum of $48,000.00 $ 7,000.00 conditioned upon the faithful performance of all the terms of this contract.

Periodic Determination of Stumpage Rates. For the Choose an item. periods following the one in which this contract is approved, stumpage rates shall be adjusted by the procedure set forth as follows: In order to determine the stumpage rates to be paid for the timber cut under this contract, it is agreed that N/A Click here to enter text. index prices of lumber for the Choose an item. period beginning Click here to enter a date. are: Species Index Base Index Price The Approving Officer shall obtain from the above-designated organization, through its published reports or otherwise, statements of the index prices of lumber for each period during the time provided for the Purchaser to cut and pay for all designated timber. The stumpage rates which are to become effective for each period shall be the bid rates plus or minus Click here to enter text. percent of the difference between the index prices for the period just passed and the stipulated base index prices. A10. Performance Bond. The Purchaser delivers herewith and agrees to maintain a bond satisfactory to the Approving Officer in the sum of $48,000.00 37,000.00 conditioned upon the faithful performance of all the terms of this contract.

Periodic Determination of Stumpage Rates. For the Choose an item. periods following the one in which this contract is approved, stumpage rates shall be adjusted by the procedure set forth as follows: : In order to determine the stumpage rates to be paid for the timber cut under this contract, it is agreed that N/A Click here to enter text. index prices of lumber for the Choose an item. period beginning Click here to enter a date. are: Species Index Base Index Price The Approving Officer shall obtain from the above-designated organization, through its published reports or otherwise, statements of the index prices of lumber for each period during the time provided for the Purchaser to cut and pay for all designated timber. The stumpage rates which are to become effective for each period shall be the bid rates plus or minus Click here to enter text. percent of the difference between the index prices for the period just passed and the stipulated base index prices. A10. Performance Bond. The Purchaser delivers herewith and agrees to maintain a bond satisfactory to the Approving Officer in the sum of $48,000.00 $ 7,000.00 conditioned upon the faithful performance of all the terms of this contract.