35 



C~. 220^' - Dovnpayinenc (7/91). Notwichscanding B4.22, Purchaser agrees to -ake 



a dovnpaymenc in the amount of S 93 .400 .00 . Only cash or Effective 



Purchaser Credit earned on this sale or transferred to this contract pursuant 

 to CA . 211// may be used to meet this requirement. No other form of payment 

 is acceptable in meeting this requirement. This payment must be made at the 

 time the contract is required to be executed and returned by Purchaser, and 

 may not be applied towards payments under B4.C, transferred to other sales, or 

 refunded, until stumpage value representing 25 percent of the total bid value 

 of Che sale has been charged and paid for or shown as cut, removed, and paid for 

 on Che scacemenc of accounc. 



Purchaser's failure to make the downpaymenc by che cime Che contract is required 

 to be executed and returned by Purchaser in accordance uich C9.41 - Failure to 

 Execute Contract, constitutes breach of this contract. B9 . 3 does not apply to 

 C4.220tf - Downpayment. Purchaser shall have three calendar days from the 

 required date of execution to make the downpayment at the office location 

 designated by Forest Service. Purchaser shall pay interest on the unpaid 

 downpayment for the period within the three calendar days in which the downpayment 

 is late. The rate of interest shall be 6. 5 percent per annum. Failure to 

 make the downpayment within Chree calendar days of the cine che executed contract 

 is required Co be returned by Purchaser shall constitute repudiation of this 

 concracc. In such event, Purchaser and Forest Service agree that Purchaser's bid 

 guarantee shall be retained to be used for damages under C9.A1 - Failure to 

 Execute Concracc. 



