Billing by FFB Clause Samples
The 'Billing by FFB' clause establishes that all billing and invoicing responsibilities for the relevant goods or services are handled by FFB. In practice, this means that FFB will issue invoices directly to the client or customer, detailing the amounts due and the payment terms. This clause ensures a clear point of contact for financial transactions, streamlining the payment process and reducing confusion over who is responsible for billing.
Billing by FFB. Section 9.1 Billing Statements to the Borrower, the Department, and the Loan Servicer. FFB shall prepare a billing statement for the amounts owed to FFB on each Advance that is made under the Note purchased under this Agreement, and shall deliver each such billing statement to the Borrower, the Department, and the Loan Servicer. DOE (Title XVII) SOLYNDRA
Section 9.2 Failure to Deliver or Receive Billing Statements No Release. Failure on the part of FFB to deliver any billing statement or failure on the part of the Borrower to receive any billing statement shall not, however, relieve the Borrower of any of its payment obligations under the Note or this Agreement.
Billing by FFB