Common use of 213 Periodic Payment Schedule Clause in Contracts

213 Periodic Payment Schedule. Con- tractor shall make periodic payments for stumpage value, as shown in AT19. In the event Contractor has not paid the amount(s) stated in AT19 as stumpage for quantity removed by the periodic payment determination date(s), Forest Service shall issue a bill for collection for the difference between the required amount and payments made by Contractor. If payment(s) fall due on a date other than a normal billing date, the payment date shall be extended to coincide with the next Integrated Resource Account billing date. The amount of the periodic payment(s) will be reduced if the payment(s) would result in Contractor’s credit bal- ance for timber charges exceeding the Current Contract Value. Only cash may be used for this purpose. No other form of payment is acceptable. Forest Service will apply the payments to subsequent charges on this contract under the terms of BT4.212. Except for Contract Term Extensions under BT8.23, periodic payment determination date(s) that have not been reached shall be adjusted one day for each additional day of contract time granted.