Invoice Face Value definition
Invoice Face Value means: (a) the amount owed by the Buyer to the Supplier under an Underlying Contract as stated on the face of the invoice; or (b) to the extent that an Advance Payment is paid or shall be paid by the Buyer, an amount equal to the difference between: (i) the amount owed by the Buyer to the Supplier under an Underlying Contract as stated on the face of the invoice; and (ii) the Advance Payment.
Examples of Invoice Face Value in a sentence
Client agrees that Payplant or its agent may, in Client’s name and stead, contact Client’s Registered Debtors, to verify (i) the status and existence of each Receivable posted for sale or sold to Payplant, (ii) the Invoice Face Value amount and the Invoice Due Date thereof, and (iii) such other matters as Payplant may deem important.