Common use of Excess Funds Clause in Contracts

Excess Funds. If due to mistake or any other reason Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments at the highest rate as allowed by law.

Appears in 24 contracts

Samples: Construction Services Agreement for Sidewalk Improvement Project, Agreement for Underground Boring and Conduit Installation Services, Construction Services Agreement

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Excess Funds. If due to mistake mistake, or any other reason reason, Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY thirty (30) days of Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments at the highest rate as allowed by law.

Appears in 9 contracts

Samples: Agreement, Agreement, Agreement for Demolition And

Excess Funds. If due to mistake or any other reason Contractor receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of Contractor’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments judgment at the highest rate as allowed by law.

Appears in 6 contracts

Samples: Agreement for Drainage Retention Area Aquatic Weed Control Services, Agreement for Substation Weed Control Services, Agreement for Fencing Installation Services Citywide

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Excess Funds. If due to mistake or any other reason Contractor Collector receives payment under this Agreement in excess of what is provided for by the Agreement, Contractor Collector shall promptly notify City upon discovery of the receipt of the overpayment. Any overpayment shall be refunded to City within THIRTY (30) days of ContractorCollector’s receipt of the overpayment or must also include interest calculated from the date of the overpayment at the interest rate for judgments judgment at the highest rate as allowed by law.

Appears in 1 contract

Samples: Agreement for Utility Debt Collection Services

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