Costs in Excess of Billings definition

Costs in Excess of Billings means all costs and estimated earnings in excess of billingx xx xxxompleted contracts subject to an Acceptable Security Ixxxxxxx and otherwise reasonably acceptable to the Agent. For purposes of determining Costs in Excess of Billings, it shall be assumed that all Costs in Excess of Billings of xxx Xxxrower or any of the Guarantors and shown on the coxxxxxxxxed balance sheet of the Borrower for the applicable period is subject to an Acceptable Security Interest.
Sample 1
Costs in Excess of Billings means, as of the date of any determination, the amounx xx xxxenue earned by a Borrower from a Customer pursuant to a contract, which is in excess of the amount billed by a Borrower to such Customer under such contract, as determined in accordance with GAAP and as set forth in Borrowers' most recently delivered balance sheet.
Sample 1

Examples of Costs in Excess of Billings in a sentence

  • Nothing permitted by this Section 5.16, however, may be construed to alter in any the criteria for Eligible Accounts, Eligible Equipment, Eligible Unappraised Equipment, Eligible Rolling Stock, Eligible Unappraised Rolling Stock or Eligible Costs in Excess of Billings provided in Section 1.1.

  • In addition to the Borrowing Base Certificate to be delivered in accordance with this Agreement, Borrower Representative shall notify Agent promptly upon any Credit Party’s learning thereof, in the event any Eligible Account or Eligible Costs in Excess of Billings becomes ineligible for any reason, other than the aging of such Account, and of the reasons for such ineligibility.

  • The breakdown of the construction contracts in progress is the following: Costs in Excess of Billings When the outcome of a construction contract can be estimated reliably, SIEMENS GAMESA applies the percentage of completion method for construction contracts, based on the percentage of costs incurred to date compared to the total estimated contract costs.

  • The Company presents as an asset the gross amount due from customers for contract work for all contracts in progress for which costs incurred plus recognized profits(less recognized losses) exceed progress billings under current assets as Costs in Excess of Billings on Uncompleted Contracts.

  • Definition 2: The physical intensity λi,t associated with the point process (di,t) is a default pre-intensity with respect to the filtration (Ω∗t ) if and only if: k=1P [τi > t + h|τi > t, Ω∗t ] = E[Πh exp(−λi,t+k)|di,t = 0, Ω∗t ], ∀t, h, where τi = inf{t : di,t = 1} is the lifetime of entity i.

  • The Borrowers' Costs in Excess of Billings shall not exceed Thirty Eight Million and 00/100 Doxxxxx ($38,000,000.00) as of December 31, 2003, and as of the last day of each March, June, September and December thereafter through the Expiry Date.

  • Costs in Excess of Billings and Billing in Excess of CostsThe cost in excess of billings on uncompleted purchase orders issued pursuant to contracts reflects the accumulated costs incurred on purchase orders in production but not completed.

  • The aggregate outstanding amount of Revolving Advances madx xx xx any date of determination to Borrowers against Costs in Excess of Billings shall not exceed, as a percentage of the Formula Amount, 50%.

Related to Costs in Excess of Billings

  • Loss in Excess of Policy Limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.

  • Direct Costs means the sum of the following:

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Maximum allowable cost list means a list of drugs for

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Cost of Sales means any costs incurred of the type included in the “Cost of sales (excluding depreciation expense)” line item in the consolidated statement of operations of the Partnership prepared in accordance with GAAP, as presently applied.

  • Current Expenses means operating costs other than personal services and shall not

  • Off-Balance Sheet Liability of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (c) any indebtedness, liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person (other than operating leases).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any Sale-Leaseback Transactions that do not create a liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Margin Excess the meaning specified in Paragraph 4(b) hereof;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Class Licence Allowance Gross All-Purpose Wage A" Class Licence per week per hour 1 945.50 69.45 1,014.95 26.7092 2 989.15 69.45 1,058.60 27.8579 3 1,032.80 69.45 1,102.25 29.0066 4 1,076.45 69.45 1,145.90 30.1553 5 1,120.10 69.45 34.05 1,223.60 32.2000 50.60 1,274.20 33.5317 6 1,163.75 69.45 34.05 1,267.25 33.3487 50.60 1,317.85 34.6804 7 1,251.05 69.45 34.05 1,354.55 35.6461 50.60 1,405.15 36.9778 8 1,338.35 69.45 34.05 1,441.85 37.9434 50.60 1,492.45 39.2751 9 1,382.00 69.45 34.05 1,485.50 39.0921 50.60 1,536.10 40.4238 10 1,512.95 69.45 34.05 1,616.45 42.5382 50.60 1,667.05 43.8699

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.