Common use of Subsequent Deposits Clause in Contracts

Subsequent Deposits. On December 1, 2023, PacifiCorp shall deposit One Hundred Fifty Thousand Dollars ($150,000) with County in connection with the second twelve (12) months of Project Manager Costs under this MOU. If this deposit is not made on December 1, 2023, the County may stop all processing related to the Project and Associated Activities until this deposit is made. PacifiCorp and KRRC acknowledge that they may suffer undue delay if County halts work due to insufficient Deposit. If the term of this MOU is extended under Section 3, an additional deposit shall be negotiated by the parties to be made on December 1, 2024, and for any December 1 thereafter that this MOU remains in effect.

Appears in 6 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Contract for Services

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