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 exceeds the charges for timber within Payment Units Released for Cutting and for designated material not included in AT.2 that Forest Service estimates will be cut within the next 60 days, any portion of such excess that is due to cash in the ac- count shall be refunded, if requested by Contractor, unless deposited under ET.2.1.1, ET.2.1.3, or ET.2.1.7. If Con- tractor plans no cutting within the next 60 days, 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 designated material not included in AT.2 that is cut before operations cease. After a refund for a shutdown, deposits shall be made to meet the requirements of ET.2.1.2 before additional timber may be cut.