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, 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:
Examples of Customer Advances in a sentence
In cases where review of the facilities extension indicates refunds are due, interest will be paid on Customer Advances subsequently refunded at the rate established for Customer deposits in Rule No. 5.
The Current Ratio over the past several years, including Customer Advances, is better than 1:1 All Current Liabilities, other than Customer Advances, are trade debt or liabilities incurred during the ordinary course of business.
More Definitions of Customer Advances
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 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.
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. 113
Customer Advances means receivables of Borrower, payable by customers operating Retail Outlets, arising out of sales by Borrower to such customers of fixtures and equipment, which shall have remained outstanding for more than thirty (30) consecutive days.
Customer Advances means those advances by Customers to Seller for construction related to the Business which are to be refunded either wholly or in part.
Customer Advances means all amounts paid to the Seller before the Transfer Date in respect of goods or services to be supplied by the Business to a customer under a Business Contract after the Transfer Date;