Backlog. Backlog represents the total estimated contract value of work that remains to be completed pursuant to outstanding contracts as at a certain date, net of estimated value added tax, and is based on the Group’s assumption that the relevant contracts will be performed in accordance with their terms. Backlog is not a measure defined by generally accepted accounting principles. Any modification, termination or suspension of these contracts by the Group’s clients may have a substantial and immediate effect on the Group’s backlog. Projects may also remain in the Group’s backlog for an extended period of time beyond what was initially anticipated due to various factors beyond the Group’s control.
Backlog. Set forth on Schedule 2.13 is the backlog of orders that the Company is to ship or contract work to be performed as of the date hereof (the "Backlog"). The Company either possesses sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that the Company can acquire such parts and materials in time to produce and ship or perform such backlog in accordance with the scheduled performance dates.
Backlog. As of the date hereof, the Seller has a backlog of firm ------- orders for the sale of products or services, for which revenues have not been recognized by the Seller, as set forth in Schedule 2.28. -------------
Backlog. As of the date hereof, each Company and each of its ------- Subsidiaries has a backlog of firm orders for the sale or lease of products or services, for which revenues have not been recognized by such Company or any Subsidiary, as set forth in Schedule 2.33. -------------
Backlog. Schedule 5.22 sets forth the backlog of orders that Seller is to ship and contract work to be performed as of May 31, 2003. Seller either possess sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that Seller can acquire such parts and materials in time to produce and ship such backlog in accordance with its schedule shipping date.
Backlog. We schedule production of our systems based upon our backlog, informal commitments from customers and sales projections. Our backlog consists of firm purchase orders by customers for delivery within the next twelve months. At December 31, 1999, order backlog amounted to $55.2 million, compared to $20.8 million at December 31, 1998. Anticipated orders from customers may fail to materialize and delivery schedules may be deferred or canceled for a number of reasons, including reductions in capital spending by cable television operators or changes in specific customer requirements. In addition, due to weather-related seasonal factors and annual capital spending budget cycles at many major end-users, our backlog at December 31, 1999 or any other date, is not necessarily indicative of actual sales for any succeeding period.
Backlog. Section 4.22 of the Disclosure Schedules sets forth a true and complete description of Seller’s backlog as of the date hereof.
Backlog. On the Closing Date, Seller shall deliver to Buyer a list of Contracts constituting the customer backlog of the Business as of the most recent practicable date prior to the Closing Date, which list shall be true, correct and complete.
Backlog. SCHEDULE 4.32 sets forth a list of Revenue and Customer "Backlog" by customer as of July 31, 1999. Such list has been accurately compiled, is true, correct and complete insofar as it purports to reflect revenues actually generated, and represents the best good faith forecast of the Company insofar as it purports to forecast revenues for periods after the date hereof.
Backlog. Schedule 3.23 sets forth as of June 30, 2011, a statement of the backlog of orders for the sale of products or services relating to the Business for which revenues have not been recognized. All of the items represented on the Backlog Report are reasonable and customary and have been incurred in the Ordinary Course of Business and are evidenced by contracts or purchase orders.
