Examples of Backlog in a sentence
The Backlog is based on valid and existing orders received from customers of the Business and does not include blanket orders that do not specify a definite quantity or scope of service, and definite delivery dates, and each such order is at a price and on terms consistent with past practice of the Business.
Backlog is not a measure defined by generally accepted accounting principles.
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 based on the Group’s assumption that the relevant contracts will be fully performed in accordance with their terms.
None of the orders included in the Backlog has been cancelled or modified in a manner that has had or could have an impact on the Backlog, and no customer has provided written notice to any Seller Party that it intends to cancel or so modify any such orders.