Payments Not Received Clause Samples
The "Payments Not Received" clause defines the procedures and consequences when a party fails to make required payments under the agreement. Typically, this clause outlines the timeframe within which overdue payments must be remedied, may specify the accrual of interest or late fees, and can detail any additional rights the non-breaching party has, such as suspending services or terminating the contract. Its core function is to incentivize timely payment, provide a clear process for addressing non-payment, and protect the financial interests of the party expecting payment.
Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of Purchaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to:
(i) Slash disposal, road maintenance, and contract Scaling deposits;
(ii) Cooperative work at rates established by specific agreement under B4.218;
(iii) Damages pursuant to B9.4;
(iv) Road use fees; B4.22;
(v) Restoration of downpayment pursuant to (vi) Periodic payments pursuant to B4.213;
Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for col- lection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of Contractor’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to:
(i) Slash disposal, road maintenance, and contract scaling deposits;
(ii) Cooperative work at rates established by specific agreement under E.2.1.8;
(iii) Damages pursuant to J.4;
(iv) Road use fees;
(v) Restoration of downpayment pursuant to E.2.2;
(vi) Periodic payments pursuant to E.2.1.3;
(vii) Extension Deposits pursuant to E.2.1.7; and (viii)Other mandatory deposits.
(b) Failure to pay amounts due by the date allowed in the bill for collection for receipt of payment shall be consid- ered a breach under J.3. The 30-day notice period prescribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution providing the guarantee or bond instrument for immediate payment 10 days after issuance of written notification of the breach.
(c) Pursuant to the Debt Collection Improvement Act of 1996, as amended, if payment is not received by Forest Service within 15 days after the date of issue indicated on the bill for collection:
(i) Simple interest shall be assessed at the higher of the Current Value of Funds Rate or the Prompt Pay- ment Rate as established by the Secretary of the Treasury. Interest will begin to accrue as of the date of issue in- dicated on the initial bill for collection.
(ii) Debtors will be assessed administrative charges, in addition to the delinquent amount due. Administrative charges are those additional costs incurred by the Government in processing, handling, and collecting delinquent debts.
(iii) A penalty charge of six (6) percent per annum will be assessed on any portion of a debt delinquent more than 90 days. This penalty charge is in addition to interest and administrative charges under paragraphs (c)(i) and (c)(ii). The penalty charge shall accrue from the date of issue indicated on the bill for collection and shall be as- sessed on all outstanding amounts, includi...
Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of Purchaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to:
(i) Slash disposal and road maintenance deposits;
(ii) Cooperative work at rates established by specific agreement under BT4.218;
(iii) Damages pursuant to BT9.4;
(iv) Road use fees;
(v) Restoration of downpayment pursuant to BT4.22;
(vi) Periodic payments pursuant to BT4.213; (vii)Extension Deposits pursuant to BT4.217; and (viii)Other mandatory deposits.
(b) Failure to pay amounts due by the date allowed in the bill for collection for receipt of payment shall be considered a breach under BT9.3. The 30-day notice period prescribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution providing the guarantee or bond instrument for immediate payment 10 days after issuance of written notification of the breach.
Payments Not Received. (8/12) (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date specified in the bill for collection for, Contracting Officer will suspend all or any part of Purchaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to:
Payments Not Received. (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment Contracting Officer will suspend all or any part of Pur- chaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not lim- ited to:
(i) Slash disposal and road maintenance deposits,
(ii) Cooperative work at rates established by specific agreement under BT4.218,
(iii) Damages pursuant to BT9.4,
(iv) Road use fees,
(v) Restoration of downpayment pursuant to BT4.22,
(vi) Periodic payment pursuant to BT4.213, and
(vii) Other mandatory deposits.
(b) Failure to pay amounts due by the date allowed in the bill for collection for receipt of payment shall be considered a breach under BT9.3. The 30-day notice period prescribed therein shall begin to run as of the end of business on the date allowed for receipt of payments. If the performance or payment is guaranteed by surety bond, the surety will receive a copy of the written notification of breach. Demand will be made on the surety or other institution providing the guarantee or bond instrument for immediate payment 10 days after issuance of written notification of the breach,
Payments Not Received. B6.23 Protection of Land Survey Monuments B6.35 Equipment Cleaning B6.84 Accountability B6.841 Route of Haul B6.85 Scaling Lost Products B8.212 Market-Related Contract Term Addition
Payments Not Received. (8/12) (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date specified in the bill for collection for, Contracting Officer will suspend all or any part of Purchaser’s Operations
(i) Slash disposal, road maintenance, and contract Scaling deposits;
(ii) Cooperative work at rates established by specific agreement under B4.218;
(iii) Damages pursuant to B9.4;
(iv) Road use fees;
(v) Restoration of downpayment pursuant to B4.22;
(vi) Periodic payments pursuant to B4.213;
(vii) Extension Deposits pursuant to B4.217; and (viii)Other mandatory deposits. SAMPLE
Payments Not Received. A22 - List of Special Provisions
Payments Not Received. (a) Payments are