Common use of Refund of Excess Cash Clause in Contracts

Refund of Excess Cash. If at any time the credit balance of Timber Sale Account exceeds the charges for timber within Payment Units Released for Cutting and for designated material not included in AT2 that Forest Service estimates will be cut within the next 60 days, any portion of such excess that is due to cash in the account shall be refunded, if requested by Purchaser, unless deposited under BT4.211, BT4.213, or BT4.217. If Purchaser plans no cutting within the next 60 days, For- est Service may refund the entire unencumbered cash balance, except as provided in this Subsection. However, Forest Service shall not reduce the credit balance below the total value of partially cut Payment Units and desig- nated material not included in AT2 that is cut before operations cease. After a refund for a shutdown, deposits shall be made to meet the requirements of BT4.212 be- fore additional timber may be cut.

Appears in 59 contracts

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

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Refund of Excess Cash. If at any time the credit balance of Timber Sale Integrated Resource Account exceeds the charges for timber within Payment Units Released for Cutting and for designated material not included in AT2 that Forest Service estimates will be cut within the next 60 days, any portion of such excess that is due to cash in the account shall be refunded, if requested by PurchaserContractor, unless un- less deposited under BT4.211, BT4.213, or BT4.217. If Purchaser Contractor plans no cutting within the next 60 days, For- est Forest Service may refund the entire unencumbered cash balancebal- ance, except as provided in this Subsection. However, Forest For- est Service shall not reduce the credit balance below the total value of partially cut Payment Units and desig- nated designated material not included in AT2 that is cut before operations cease. After a refund for a shutdown, deposits shall be made to meet the requirements of BT4.212 be- fore additional before addi- tional timber may be cut.

Appears in 6 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

Refund of Excess Cash. If at any time the credit balance of the Timber Sale Account exceeds the charges for timber within Payment Units Released for Cutting and for designated material not included in AT2 on Page 1 that Forest Service estimates will be cut within the next 60 days, any portion of such excess that is due to cash in the account shall be refunded, if requested by Purchaser, unless deposited under BT4.211, BT4.211 or BT4.213, or BT4.217. If Purchaser plans no cutting within the next 60 days, For- est Forest Service may refund the entire unencumbered cash balance, except as provided in this Subsection. However, Forest Service shall not reduce the credit balance below the total value of partially cut Payment Units and desig- nated designated material not included in AT2 on Page 1 that is cut before operations cease. After a refund for a shutdown, deposits shall be made to meet the requirements of BT4.212 be- fore before additional timber may be cut.

Appears in 3 contracts

Samples: Timber Sale Contract, Timber Sale, Timber Sale

Refund of Excess Cash. If at any time the credit balance of Timber Sale Account exceeds the charges for timber within Payment Units Released for Cutting and for designated material not included in AT2 that Forest Service estimates will be cut within the next 60 days, any portion of such excess that is due to cash in the account shall be refunded, if requested by Purchaser, unless deposited under BT4.211, BT4.213, or BT4.217. If Purchaser plans no cutting within the next 60 days, For- For­ est Service may refund the entire unencumbered cash balance, except as provided in this Subsection. However, Forest Service shall not reduce the credit balance below the total value of partially cut Payment Units and desig- desig­ nated material not included in AT2 that is cut before operations cease. After a refund for a shutdown, deposits shall be made to meet the requirements of BT4.212 be- be­ fore additional timber may be cut.

Appears in 1 contract

Samples: citeseerx.ist.psu.edu

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Refund of Excess Cash. If at any time the credit balance of Timber Sale Account exceeds the charges for timber within Payment Units Released for Cutting and for designated material not included in AT2 that Forest Service estimates will be cut within the next 60 days, any portion of such excess that is due to cash in the account shall be refunded, if requested by Purchaser, unless deposited under BT4.211BT4.21 1, BT4.213, or BT4.217. If Purchaser plans no cutting within the next 60 days, For- For­ est Service may refund the entire unencumbered cash balance, except as provided in this Subsection. However, Forest Service shall not reduce the credit balance below the total value of partially cut Payment Units and desig- desig­ nated material not included in AT2 that is cut before operations cease. After a refund for a shutdown, deposits shall be made to meet the requirements of BT4.212 be- be­ fore additional timber may be cut.

Appears in 1 contract

Samples: Timber Sale Contract

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