Refund of Unused Stewardship Credits Sample Clauses
The "Refund of Unused Stewardship Credits" clause establishes the conditions under which a party is entitled to receive a refund for stewardship credits that have not been utilized. Typically, this clause outlines the process for requesting a refund, specifies any time limits or administrative requirements, and may detail how the value of unused credits is calculated. Its core practical function is to ensure that parties are not financially penalized for credits they do not use, thereby promoting fairness and transparency in the management of stewardship credit programs.
Refund of Unused Stewardship Credits. When, under I.3.3, Contracting Officer requests Contractor to delay or interrupt Contractor’s Operations for more than 60 days, unused Stewardship Credits may be refunded upon the written request of Contractor or at the discretion of Contracting Officer.
Refund of Unused Stewardship Credits. When, under BT8.33, Contracting Officer requests Con- tractor to delay or interrupt Contractor’s Operations for more than 60 days, unused Stewardship Credits may be refunded upon the written request of Contractor or at the discretion of Contracting Officer. BT5.0—TRANSPORTATION FACILITIES