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CHARGE TYPE QUANTITY COST PER UOM TOTAL PRICE <br /> Units Specified) <br /> N/A <br /> Adjustments <br /> ADJUSTMENT TYPE AUTHORITY AMOUNT <br /> Administrative Fee—General 36 CFR 228.43(B) $400.00 <br /> Determination by the Authorized Officer of the quantity of materials taken is binding on Purchaser subject <br /> to appeal only as provided in Sec. 14. All material in the contract area in excess of the estimated quantity <br /> listed above ar e r'ese v'ed by Government. <br /> Sec.3. Payments, passage of title, and risk of loss. Title to materials sold hereunder passes to Purchaser <br /> immediately before excavation and upon proper payment for such materials. No part of the material sold <br /> hereunder may be severed, extracted, or removed by Purchaser until payment for such material has been <br /> made in accordance with the following: <br /> a. Unless materials sold under this contract are paid for in full in advance, payment for materials must <br /> be made in installments of not less than$1,000 each. The first installment must be paid upon approval of this <br /> contract. $4,000 advance payment paid in full to USDA Forest Service by Mule Creek Gravel, LLC on <br /> . 2019. <br /> b. Each additional installment is due and payable as billed by the Authorized Officer in advance of removal of the <br /> remaining material. The first installment will be retained as additional security for the full and faithful performance of <br /> this contract by Purchaser, and will be applied in whole or in part to the payment of the last installment required <br /> hereunder to make the total payment equal the total price set forth in Sec. 2, above. <br /> The total purchase price must equal the sum of the total quantities severed, extracted, or designated therefor, <br /> multiplied by their respective unit prices. The balance due where less than a full installment remains to be paid upon <br /> the total price will be the value of material remaining to be severed or extracted. Each installment will be held in <br /> suspense until the quantity of material covered thereby has been determined. The total purchase price must be paid at <br /> least 60 days before the expiration gate of the contract. <br /> Upon termination, if the total payments made under the contract exceed the total value of the actual materials <br /> removed, the excess will be returned to Purchaser, except as noted in 36 CFR 228.66. <br /> c. Risk of loss shall be borne by the party holding title to the mineral material at the time of loss except that <br /> nothing herein shall be construed to relieve either party from liability for breach of contract or any wrongful or negligent <br /> act. <br /> Sec.4. Stipulation and reserved items. The rights of Purchaser are subject to the regulations in 36 CFR 228, Subpart <br /> C, which are made a part of this contract, and to the stipulation, if any, which are attached hereto and made a part <br /> hereof as Exhibit B. <br /> Sec. 5. Bonds. <br /> i <br /> �i <br />