Customer Advances definition

Customer Advances means amounts arising from the operation of the Business that have been billed and collected by Seller as of the Closing Date but that are unearned because they relate to the provision of service after the Closing Date.

Customer Advances means all such Customer Advances.

Customer Advances means all deposits, prepayments and advances paid or delivered by customers to or for the benefit of the Non-Houston Business to the extent relating to services to be performed or products to be delivered by the Rodeo Entities or the Business following the Closing, except to the extent applied to Inventories as of the Closing Date, to the extent determined in accordance with Section 1.4.

Examples of Customer Advances in a sentence

• The Main tap charge shall be an amount determined by dividing the total cost of the Main extension by the number of potential customers reasonably expected to take service from the Main extension, less the cost-free allowance per potential Customer as determined in Section A of the Schedule of Customer Advances for Construction of Mains and Company Service Lines.

• In addition to the usual meaning, all words or terms used in these General Terms and Conditions, Schedule of Service Fees, Schedule of Customer Advances for Construction of Mains and Company Service Lines (jointly referred to as the “Company Rules and Regulations”) and the Rate Schedules are intended to have the meanings regularly ascribed to them by the natural gas industry.

• Payments from Buyer to Seller for Earned End-User Accounts Receivable and from Seller to Buyer for Customer Advances and Customer Deposits will occur subsequent to Closing in accordance with Article 10.

• The Commission approves the Companies’ Customer Advances for Construction credit balances.

• The Companies note that Customer Advances for Construction may be a component (reduction) of rate base when they provide a source of capital.

More Definitions of Customer Advances

Customer Advances means, as of any date, the sum of (a) the aggregate amount, determined as of such date, of the payments received by the Companies as deposits from customers and (b) the aggregate amount of the deferred revenues of the Companies as of any such date arising from advance payments received by the Companies from customers relating to future software or maintenance fees which are unearned as of such date; provided, that the amounts contemplated by each of clauses (a) and (b) shall be reduced by:

Customer Advances means each loan, advance, deposit or other amount received by the Company from a customer in advance of performance by the Company under its contract with such customer, but only to the extent such loan, advance, deposit or other amount, as a percentage of the total payments due under the applicable contract or purchase order with such customer, exceeds the percentage of completion under such contract or purchase order. Customer Advances shall not include any payment or deposit for tooling that will be paid to a third party vendor that will supply such tooling. For avoidance of doubt, any payment or deposit for tooling described herein will not be distributed to the Sellers as of the Closing Date, nor will such amounts be paid by the Sellers as Indebtedness.

Customer Advances means, as of any date the aggregate amount, determined as of such date, of the payments received by Delta as deposits from customers.

Customer Advances means receivables of any Co-Borrower, payable by customers operating Retail Outlets, arising out of sales by Co-Borrower to such customers of fixtures and equipment, which shall have remained outstanding for more than thirty (30) consecutive days.

Customer Advances means amounts recorded in accordance with GAAP and the Agreed Accounting Principles as customer advances and advance receipts, in each case for which payment in cash has actually been received by any member of the Company Group in respect of a Contract with a customer.

Customer Advances all amounts received (whether by deposit, pre-payment or otherwise) by or on behalf of the Vendors on or before the Effective Time so far as the same relate to anything (including any service) to be provided by the Purchasers under any of the Business Contracts or otherwise in connection with the carrying on of the after the Effective Date.

Customer Advances means an aggregate amount equal to any gross revenues billed or received by the Company to the extent such gross revenues relate to services or products that, at the time of determination, have not yet been provided by the Company, as determined in accordance with GAAP, including, to the extent applicable, any Retained Accounts Receivable.