Common use of Periodic Payment Schedule Clause in Contracts

Periodic Payment Schedule. Contractor shall make periodic payments for stumpage value, as shown in A.19. In the event Contractor has not paid the amount(s) stated in A.19 as stumpage for volume removed by the peri- odic payment determination date(s), Forest Service shall issue a bill for collection for the difference between the re- quired 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.

Periodic Payment Schedule. Contractor shall make periodic payments for stumpage value, as shown in A.19AT.16. In the event Contractor has not paid the amount(s) stated in A.19 AT.16 as stumpage for volume quantity removed by the peri- odic payment determination date(s), Forest Service shall issue a bill for collection for the difference between the re- quired 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.