Unbilled Accounts Sample Clauses

Unbilled Accounts. Any Unbilled Account unless:
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Unbilled Accounts an invoice with respect to such Account has not been sent to the applicable Account debtor;
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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.
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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.
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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:
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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.
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Unbilled Accounts. Lender agrees to advance funds on unbilled accounts and hereby amends the following provision of the Loan Agreement:
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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.
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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]
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Related to Unbilled Accounts

  • Eligible Accounts The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Controlled Accounts Each of the parties hereto hereby agrees that (i) each Controlled Account is intended to be a “securities account” or “deposit account” within the meaning of the UCC and (ii) except as otherwise expressly provided herein and in the Collection Account Agreement or Unfunded Exposure Account Agreement, as applicable, prior to the delivery of a notice of exclusive control, the Borrower, the Servicer and the Trustee (acting at the direction of the Agent) shall be entitled to exercise the rights that comprise each Financial Asset held in each Controlled Account which is a securities account and have the right to direct the disposition of funds in any Controlled Account which is a deposit account; provided that after the delivery of a notice of exclusive control, such rights shall be exclusively held by the Trustee (acting at the direction of the Agent). Each of the parties hereto hereby agrees to cause the securities intermediary that holds any money or other property for the Borrower in a Controlled Account that is a securities account to agree with the parties hereto that (A) the cash and other property (subject to Section 6.04(f) below with respect to any property other than investment property, as defined in Section 9-102(a)(49) of the UCC) is to be treated as a Financial Asset under Article 8 of the UCC and (B) regardless of any provision in any other agreement, for purposes of the UCC, with respect to the Controlled Accounts, New York shall be deemed to be the Bank’s jurisdiction (within the meaning of Section 9-304 of the UCC) and the securities intermediary’s jurisdiction (within the meaning of Section 8-110 of the UCC). All securities or other property underlying any Financial Assets credited to the Controlled Accounts in the form of securities or instruments shall be registered in the name of the Bank or if in the name of the Borrower or the Trustee, Indorsed to the Bank, Indorsed in blank, or credited to another securities account maintained in the name of the Bank, and in no case will any Financial Asset credited to the Controlled Accounts be registered in the name of the Borrower, payable to the order of the Borrower or specially Indorsed to the Borrower, except to the extent the foregoing have been specially Indorsed to the Bank or Indorsed in blank.

  • Accounts Receivable; Accounts Payable All accounts receivable of Emergent and its Subsidiaries reflected in the Interim Financial Statements and all accounts receivable that are reflected on the books of Emergent and its Subsidiaries as of the Closing Date (net of allowances for doubtful accounts as reflected thereon and as determined in accordance with GAAP) are obligations arising from sales actually made or services actually performed in the Ordinary Course of Business arising in connection with bona fide arm’s length transactions with Persons who are not Affiliates of Emergent or any of its Subsidiaries, constitute valid undisputed claims and are not, by their terms, subject to defenses, set-offs or counterclaims. Neither Emergent nor any of its Subsidiaries has received written notice from or on behalf of any obligor of any such accounts receivable that such obligor is unwilling or unable to pay a material portion of such accounts receivable. All accounts payable and notes payable of Emergent and its Subsidiaries arose in bona fide arm’s length transactions in the Ordinary Course of Business and with Persons who are not Affiliates of Emergent or any of its Subsidiaries, and no such account payable or note payable is materially delinquent in its payment.

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Accounts Receivables The accounts receivable reflected on the Financial Statements and all accounts receivable arising thereafter have arisen from actual and bona-fide transactions in the Ordinary Course of Business consistent with the past practice and are valid and enforceable against the obligors of such accounts receivable, and other than cash discounts in the Ordinary Course of Business consistent with past practices or reserves for bad-debts accrued in accordance with the Accounting Principle, there have been no claims, or any threat of any such claims, of set-off, refusal of payment or other counterclaims relating to the existence thereof or all or any part of the amount thereof. The accounts receivables are collectible in full in accordance with the Ordinary Course of Business consistent with past practice.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Accounts Receivable and Accounts Payable 7 (a) General.....................................................7 (b)

  • Closed Account Fee For performance by the Transfer Agent pursuant to this Agreement, the Fund agrees on behalf of each of the Portfolios to pay the Transfer Agent an annualized fee for shareholder accounts which previously held Class X, X0, X0, X, X0, X, X0, P, R, R5, S, Y, Invesco Cash Reserve and Investor Class Shares, as applicable, that were closed during any monthly period at a rate of $0.70, to be paid for twelve months following the date on which an account was closed.

  • Deposits to Lock-Box Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Pool Receivables.

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