Common use of Contract Payment Clause in Contracts

Contract Payment. In consideration for the Landowners’ agreement to restore and manage the land for the 30-year contract period, and consistent with the previously executed Agreement to Enter Contract for 30- Year Land Use at EXHIBIT E, NRCS will make a single lump-sum payment at contract closing in the amount of unless the Landowner has previously requested installment payments, as specified by EXHIBIT F, if applicable. Landowner must select below the method through which payment will be made, any payments will be made using Electronic Fund Transfers (EFT) to either:  The Office of the Special Trustee (such Contract is subject to requirements and instructions of the Office of the Special Trustee (OST), and the Bureau of Indian Affairs).  A bank account designated by the Tribe, and NRCS will provide proof of payment to BIA. The Landowner agrees and understands that the contract payment is based on the approved Geographic Area Rate Cap in effect when the Agreement (EXHIBIT E) was signed. Payment will be 75 percent of the rate provided for a permanent WRP easement as required by statute at 16 U.S.C. 3837. The Landowner agrees and understands that 25 percent of the projected restoration costs will be withheld from the contract payment by NRCS to cover the Landowner’s share of the restoration costs. The Landowner agrees and understands that the actual cost of restoration may vary from the original projection. Because NRCS cannot cost-share more than 75 percent of the total restoration cost, the Landowner agrees to be responsible for any increase over the original 25 percent projection and; conversely, the Landowner will receive a refund, reflecting their 25 percent cost-share from withheld funds, should restoration costs be less than the original projection. The Landowner must choose and initial the method through which NRCS will provide restoration cost-share assistance below. Method:  Landowner Agreement

Contract Payment. In consideration for the Landowners’ agreement to restore and manage the land for the 30-30 year contract period, and consistent with the previously executed Agreement to Enter Contract for 30- 30 Year Land Use at EXHIBIT E, NRCS will make a single lump-sum payment at contract closing in the amount of unless the Landowner has previously requested installment payments, as specified by EXHIBIT F, if applicable. Landowner must select below the method through which payment will be made, any payments Payment will be made by the United States using Electronic Fund Transfers (EFT) to either:  The Office of the Special Trustee (such Contract is subject to requirements and instructions of the Office of the Special Trustee (OST), and the Bureau of Indian Affairs).  A bank account designated by the Tribe, and NRCS will provide proof of payment to BIA. The Landowner agrees and understands that the contract payment is based on the approved Geographic Area Rate Cap (GARC) in effect when the Agreement (EXHIBIT E) was signed. Payment will be 75 percent of the rate provided for a permanent WRP ACEP-WRE easement as required by statute at 16 U.S.C. 3837statute. The Landowner agrees and understands that 25 percent of the projected restoration costs will be withheld from the contract payment by NRCS to cover the Landowner’s share of the restoration costs. The Landowner agrees and understands that the actual cost of restoration may vary from the original projection. Because NRCS cannot cost-share more than 75 percent of the total restoration cost, the Landowner agrees to be responsible for any increase over the original 25 percent projection and; conversely, the Landowner will receive a refund, reflecting their 25 percent cost-share from withheld funds, should restoration costs be less than the original projection. The Landowner must choose and initial the method through which NRCS will provide restoration cost-share assistance below. Method:  Landowner Agreement

Contract Payment. In consideration for the Landowners’ agreement to restore and manage the land for the 30-30 year contract period, and consistent with the previously executed Agreement to Enter Contract for 30- 30 Year Land Use at EXHIBIT E, NRCS will make a single lump-sum payment at contract closing in the amount of unless the Landowner has previously requested installment payments, as specified by EXHIBIT F, if applicable. Landowner must select below the method through which payment will be made, any payments Payment will be made by the United States using Electronic Fund Transfers (EFT) to either:  The Office of the Special Trustee (such Contract is subject to requirements and instructions of the Office of the Special Trustee (OST), and the Bureau of Indian Affairs).  A bank account designated by the Tribe, and NRCS will provide proof of payment to BIA. The Landowner agrees and understands that the contract payment is based on the approved Geographic Area Rate Cap (GARC) in effect when the Agreement (EXHIBIT E) was signed. Payment will be 75 percent of the rate provided for a permanent WRP easement as required by statute at 16 U.S.C. 3837. The Landowner agrees and understands that 25 percent of the projected restoration costs will be withheld from the contract payment by NRCS to cover the Landowner’s share of the restoration costs. The Landowner agrees and understands that the actual cost of restoration may vary from the original projection. Because NRCS cannot cost-share more than 75 percent of the total restoration cost, the Landowner agrees to be responsible for any increase over the original 25 percent projection and; conversely, the Landowner will receive a refund, reflecting their 25 percent cost-share from withheld funds, should restoration costs be less than the original projection. The Landowner must choose and initial the method through which NRCS will provide restoration cost-share assistance below. Method:  Landowner Agreement

Contract Payment. In consideration for the Landowners’ agreement to restore and manage the land for the 30-year contract period, and consistent with the previously executed Agreement to Enter Contract for 30- Year Land Use at EXHIBIT E, NRCS will make a single lump-sum payment at contract closing in the amount of unless the Landowner has previously requested installment payments, as specified by EXHIBIT F, if applicable. Landowner must select below the method through which payment will be made, any payments will be made using Electronic Fund Transfers (EFT) to either:  The Office of the Special Trustee (such Contract is subject to requirements and instructions of the Office of the Special Trustee (OST), and the Bureau of Indian Affairs).  A bank account designated by the Tribe, and NRCS will provide proof of payment to BIA. The Landowner agrees and understands that the contract payment is based on the approved Geographic Area Rate Cap in effect when the Agreement (EXHIBIT E) was signed. Payment will be 75 percent of the rate provided for a permanent WRP ACEP-WRE easement as required by statute at 16 U.S.C. 3837statute. The Landowner agrees and understands that 25 percent of the projected restoration costs will be withheld from the contract payment by NRCS to cover the Landowner’s share of the restoration costs. The Landowner agrees and understands that the actual cost of restoration may vary from the original projection. Because NRCS cannot cost-share more than 75 percent of the total restoration cost, the Landowner agrees to be responsible for any increase over the original 25 percent projection and; conversely, the Landowner will receive a refund, reflecting their 25 percent cost-share from withheld funds, should restoration costs be less than the original projection. The Landowner must choose and initial the method through which NRCS will provide restoration cost-share assistance below. Method:  Landowner Agreement

Contract Payment. In consideration for the Landowners’ agreement to restore and manage the land for the 30-30 year contract period, and consistent with the previously executed Agreement to Enter Contract for 30- 30 Year Land Use at EXHIBIT E, NRCS will make a single lump-sum payment at contract closing in the amount of unless the Landowner has previously requested installment payments, as specified by EXHIBIT F, if applicable. Landowner must select below the method through which payment will be made, any payments Payment will be made by the United States using Electronic Fund Transfers (EFT) to either:  The Office of the Special Trustee (such Contract is subject to requirements and instructions of the Office of the Special Trustee (OST), and the Bureau of Indian Affairs).  A bank account designated by the Tribe, and NRCS will provide proof of payment to BIA. The Landowner agrees and understands that the contract payment is based on the approved Geographic Area Rate Cap (GARC) in effect when the Agreement (EXHIBIT E) was signed. Payment will be 75 percent of the rate provided for a permanent WRP ACEP-WRE easement as required by statute at 16 U.S.C. 3837statute. The Landowner agrees and understands that 25 percent of the projected restoration costs will be withheld from the contract payment by NRCS to cover the Landowner’s share of the restoration costs. The Landowner agrees and understands that the actual cost of restoration may vary from the original projection. Because NRCS cannot cost-share more than 75 percent of the total restoration cost, the Landowner agrees to be responsible for any increase over the original 25 percent projection and; conversely, the Landowner will receive a refund, reflecting their 25 percent cost-share from withheld funds, should restoration costs be less than the original projection. The Landowner must choose and initial the method through which NRCS will provide restoration cost-share assistance below. Method:  □ Landowner AgreementAgreement PART V. Duration of contract