Unbilled Revenue. Revenue earned by the Systems during any period (or portion thereof) ending on the Closing Date shall be allocated to Seller and revenue earned by the Systems after the Closing Date shall be allocated to Buyer. Seller will read meters just prior to the Closing and will be responsible for preparing and delivering customer bills. The actual preparation and delivery of customers’ bills will not delay the Closing.
Unbilled Revenue. (a) For the Unbilled Revenue with respect to which Advances are requested, on the date each Advance is requested and made, such Unbilled Revenue, if it were invoiced as of such date, would meet the eligibility requirements set forth in the Eligible Accounts and Eligible Foreign Accounts definitions (excluding clause (a) in the Eligible Accounts definition), as the case may be, in Section 13 below.
Unbilled Revenue. An amount (“Unbilled Revenue Amount”) for the value of the of revenues under the Retail Contracts attributable to natural gas service provided to Customers by Seller prior to the Effective Date that have not been billed as of the Effective Date calculated using the methodology set forth on Schedule 2.5(M). For the avoidance of doubt, a sample calculation prepared for May 11, 2006 utilizing such methodology is included as part of Schedule 2.5(M) provided that any and all Unbilled Revenue Amounts shall not include any Taxes with respect to such revenues provided in this Section 2.4(a)(iv).
