Payment by FTA Clause Samples
The 'Payment by FTA' clause defines the terms under which the Federal Transit Administration (FTA) will make payments related to a contract or project. Typically, this clause outlines the process for submitting invoices, the documentation required for reimbursement, and the schedule or conditions under which payments will be disbursed by the FTA. For example, it may specify that payments are contingent upon the completion of certain project milestones or the approval of expenses. The core function of this clause is to ensure that all parties understand the procedures and requirements for receiving funds from the FTA, thereby promoting transparency and reducing the risk of payment disputes.
Payment by FTA. Except to the extent FTA determines otherwise in writing, the Recipient agrees that FTA will make all payments of Federal assistance through the Automated Clearing House (ACH) method of payment regardless of the amount involved, but not before the Recipient has executed the Grant Agreement or Cooperative Agreement for the Project, in accordance with the following provisions:
Payment by FTA. Except to the extent FTA determines otherwise in writing, the Indian Tribe agrees that FTA will make all payments of Tribal Transit Program assistance through the Automated Clearing House (ACH) method of payment regardless of the amount involved, but not before the Indian Tribe has executed the Grant Agreement for the Tribal Transit Project, in accordance with the following provisions: