Unbilled Accounts an invoice with respect to such Account has not been sent to the applicable Account debtor;
Unbilled Accounts. Any Unbilled Account unless:
(i) the Borrower has recognized the associated revenue for such Account in accordance with GAAP with respect to a completed task order; and
(ii) less than sixty (60) days have passed since the date that the Borrower recognized the associated revenue for such Account in accordance with GAAP with respect to the applicable completed task order.
Unbilled Accounts. Any Unbilled Account unless:
(i) the Borrower has recognized the associated revenue for such Account in accordance with GAAP with respect to a completed task order;
(ii) (A) if such Unbilled Account is an Unbilled Commercial Account, less than sixty (60) days have passed since the date that the Borrower recognized the associated revenue for such Account in accordance with GAAP with respect to the applicable completed task order or (B) if such Unbilled Account is an Unbilled Government Account and the Borrower has established evidence satisfactory to the Administrative Agent that the Borrower can accurately age Unbilled Government Accounts, less than sixty (60) days have passed since the date that the Borrower recognized the associated revenue for such Account in accordance with GAAP with respect to the applicable completed task order; and
(iii) such Account is not a Designated Account;
Unbilled Accounts. With respect to any Eligible Unbilled Account of any Borrower, (a) such Borrower intends for the goods giving rise to such Unbilled Account to be installed within 60 days after shipment and accepted and invoiced within 75 days after shipment, and (b) such Unbilled Account is only being currently reported as an Eligible Unbilled Account if and for so long as not more than 60 days have elapsed since the date of shipment of the goods giving rise to such Unbilled Account.
Unbilled Accounts. In addition to any other provision of this Agreement which may require repayment on an earlier date, including, without limitation, Sections 2.1.1(b) and 6.3(c), Borrower shall repay any Advance made based upon Unbilled Accounts on the earliest of (i) the date on which the Unbilled Account with respect to which an Advance was made is no longer an Unbilled Account (including, without limitation, as a result of such Unbilled Account not being billed within thirty (30) days of the date of the applicable Advance), (ii) the date on which Borrower issues an invoice with respect to such Unbilled Account; (iii) the date on which any adjustment is asserted to the Unbilled Account (but only to the extent of the adjustment if the Unbilled Account remains otherwise an Unbilled Account), or (iv) the date on which there is a breach of any warranty or representation set forth in Section 5.4.
Unbilled Accounts. The estimated face value amount determined by Borrower for each Unbilled Account is based upon the best information available to Borrower and accurately and fully (considering all known discounts available to each such Account Debtor) reflects same. In addition, Borrower represents and warrants that there are no discounts, offsets or other rights of any Account Debtor under any Unbilled Account.
Unbilled Accounts. Notwithstanding anything to the contrary set forth in this Agreement, an Account for which a Borrower has not issued an invoice but for which such Borrower has delivered the goods or rendered the services covered thereby and the applicable Account Debtor has accepted such goods or services without alleging a Commercial Dispute (an “Unbilled Account”) may nonetheless, in Lender’s sole discretion, be an Eligible Account, subject to the following terms and conditions: (i) such Borrower clearly identifies such Account as an Unbilled Account to Lender in all Borrowing Base certificates and other collateral reports provided to Lender hereunder, (ii) each Unbilled Account shall satisfy all representations, warranties and other requirements for an Eligible Account set forth in this Agreement other than such Borrower’s failure to issue an invoice for such Unbilled Account, and (iii) such Borrower shall issue an invoice to the Account Debtor obligated thereon within ten (10) days following the date the goods have been delivered or the services rendered by Borrower.
Unbilled Accounts. Lender agrees to advance funds on unbilled accounts and hereby amends the following provision of the Loan Agreement:
Unbilled Accounts. Prior Business Day unbilled accounts $__________________ Less billed accounts included in the previous line $__________________ Plus estimated gross unbilled accounts for such Business Day $__________________ Less Ineligible Unbilled Accounts $__________________ Eligible Unbilled Accounts as of _________ ___, 20___ $__________________ [Insert breakdown for each Borrower]
Unbilled Accounts. The parties agree to amend the maximum amount available to Borrower under the Unbilled Accounts facility, and hereby amend the following provision of Schedule A of the Loan Agreement:
