Common use of Department of Forestry Clause in Contracts

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.00) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, understand that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx agrees to reimburse the Department promptly for any difference, and nothing in this provision shall limit in any way the Department’s right to pursue its appropriate remedies in law or equity.

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.00) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, Purchaser understand that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx agrees to reimburse the Department promptly for any difference, and nothing in this provision shall limit in any way the Department’s right to pursue its appropriate remedies in law or equity.

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.002,500) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, understand that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx agrees to reimburse the Department promptly for any difference, and nothing in this provision shall limit in any way the Department’s right to pursue its appropriate remedies in law or equity.

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.00) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and that will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, the Purchaser understand that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx agrees to reimburse the Department promptly for any difference, difference and nothing in this provision shall limit limit, in any way way, the Department’s right to pursue its appropriate remedies in law or equity.

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.00) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, the Purchaser understand that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx agrees to reimburse the Department promptly for any difference, and nothing in this provision shall limit in any way the Department’s right to pursue its appropriate remedies in law or equity.

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.00) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and that will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, the Purchaser understand that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx Purchaser agrees to reimburse the Department promptly for any difference, difference and nothing in this provision shall limit limit, in any way way, the Department’s right to pursue its appropriate remedies in law or equity.

Department of Forestry. (2) The Purchaser agrees to the deposit of two thousand five hundred dollars ($2,500.00) made payable to the “Treasurer of Virginia, Department of Forestry” accompanying the Purchaser’s executed contract and which will serve as a performance bond for the duration of this contract. The Purchaser understands that this performance bond will refund upon the successful completion of the harvesting provisions of this contract. Furthermore, understand Purchaser understands that forfeiture of this deposit/bond can occur for any breech or noncompliance of same provisions or termination of this Contract prior to its expiration. Performance bonds shall be returned to the Purchaser within thirty (30) business days after the expiration or sooner termination of this Contract. In the event Department’s actual loss or damage exceeds the balance of the “deposit” being held, Xxxxxxxxx agrees to reimburse the Department promptly for any difference, and nothing in this provision shall limit in any way the Department’s right to pursue its appropriate remedies in law or equity.