Common use of Refund of Excess Cash Clause in Contracts

Refund of Excess Cash. If at any time the credit balance of Integrated Resource Account ex- ceeds the charges for timber that Forest Service esti- mates 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 Contractor, unless deposited under B4.211, B4.213, B4.217, or B4.218. If Contractor plans no cutting within the next 60 days, Forest Service may refund the entire unencumbered cash balance, ex- cept as provided in this Subsection. After a refund for a shutdown, deposits shall be made to meet the require- ments of B4.212 before additional timber may be cut.‌‌‌‌

Appears in 9 contracts

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

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