Eligible Billed Receivables means Eligible Receivables that have been billed to the appropriate Customer, are aged not greater than 90 days from the date of the initial invoice. For the purposes of this definition, the term "initial invoice" shall mean the first invoice relating to the applicable goods shipped or services rendered, and not any subsequent invoice relating thereto.
Eligible Billed Receivables means, as to Credit Parties, on a consolidated basis and without duplication, all Receivables of such Persons, in each case reflected on its books in accordance with GAAP which conform to the representations and warranties in Article IV hereof and in the Security Documents to the extent such provisions are applicable to the Receivables, and each of which meets all of the following criteria on the date of any determination:
Eligible Billed Receivables means each Account (other than Eligible Unbilled Receivables) arising in the ordinary course of Borrower's business from the sale of goods or rendering of services which Agent, in its Permitted Discretion, deems an Eligible Billed Receivable unless:
Examples of Eligible Billed Receivables in a sentence
Eligible Billed Receivables Balance means, at any time, the aggregate Unpaid Balance of all Transferred Receivables which are both (a) Eligible Receivables and (b) Billed Receivables; Eligible Billed and Unbilled Receivables Balance means, at any time, the aggregate Unpaid Balance of all Transferred Receivables which are both (a) Eligible Receivables and (b) Billed and Unbilled Receivables.
The integrated central storage area is known as a data warehouse.
Adjusted Eligible Billed Receivables Balance means, as of each Monthly Reporting Date, an amount equal to (i) the Eligible Billed Receivables Balance less (ii) the Unpaid Balance of all Billed Receivables that were Eligible Receivables at the time of their Transfer pursuant to the Receivables Transfer Agreement but have thereafter become Defaulted Receivables.
Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of Eighty-Five percent (85%) of the Borrowing Base for Eligible Billed Receivables plus Sixty percent (60%) of the Borrowing Base for Eligible Unbilled Receivables minus, if applicable, amounts reserved pursuant to this Agreement (such calculated amount being referred to herein as the "Availability").
COURSE REQUIREMENTSAt the beginning of each course, the instructor will give each student a syllabus detailing the requirements of the course, including grading procedures, attendance policy, course outline, etc.
More Definitions of Eligible Billed Receivables
Eligible Billed Receivables means each Account arising in the ordinary course of Borrower’s business from the sale of goods or rendering of Services which Lender, in its sole discretion, deems an Eligible Receivable unless:
Eligible Billed Receivables means each Account arising in the ordinary course of Borrower’s business, which meets the following criteria:
Eligible Billed Receivables means Eligible Receivables that have been billed to the appropriate Customer and are aged less than 90 days from the date of the initial invoice. For the purposes of this definition, the term "initial invoice" shall mean the first invoice relating to the applicable goods shipped or services rendered, and not any subsequent invoice relating thereto. "Eligible Receivables" means Accounts Receivable of Eldyne or Unidyne (a) that represent valid obligations incurred by a Customer for goods shipped or delivered or services completed under valid contracts of sale, lease or service that have been formally awarded to such Borrower and for which all required contract documents have been executed by the Customer and such Borrower and, in the case of Accounts Receivable owed by the Government, for which funds have been appropriated and allocated; (b) on which the Customer is not Titan, another Borrower, an Affiliate or Subsidiary of a Borrower or an Affiliate or Subsidiary of Titan; (c) with respect to which such Borrower has no knowledge or notice of any inability of the Customer to make full payment; (d) from the face amounts of which have been deducted all payments, setoffs, amounts subject to adverse claims made in writing to such Borrower, contractual allowances, bad debt reserves and other credits applicable thereto; (e) that are subject to no Liens other than those permitted by this Agreement; (f) that continue to be in full conformity with the representations and warranties made by such Borrower to the Lender in this Agreement; (g) with respect to which the Lender is and continues to be satisfied with the credit standing of the Customer; (h) on which the Customer is not a creditor of such Borrower; (i) on which the Customer is not a foreign government or an entity organized and existing under the laws of a country other than the United States; (j) in which the Lender has a perfected, first priority security interest; (k) that are payable in United States dollars in the United States; (l) that are not evidenced by notes; (m) that are not in dispute; and (n) that do not arise out of a bill and xxxx sale, a guaranteed sale, a sale and return, a sale on approval or a consignment transaction; provided, however, and without limiting any other provisions of this Agreement with respect to the exclusion of Receivables from the category of Eligible Receivables and the Borrowing Base, that (1) if the Lender reasonably determines that the collectibility of any Receivable...
Eligible Billed Receivables means all rights to payment due to the Borrower which (a) constitute an “account” as defined in the Uniform Commercial Code as in effect in the applicable jurisdiction; (b) represent amounts due and owing (i) for products actually delivered or services actually performed or rendered by or on behalf of the Borrower pursuant to a written contract or written agreement now or hereafter entered into by the Borrower and a Person which is not an Affiliate of the Borrower, or (ii) as interim bxxxxxxx or progress payments in accordance with fixed price contracts between the Borrower and a Person which is not an Affiliate of the Borrower; (c) have been properly billed; (d) arise in the ordinary course of the Borrower’s business; (e) are not subject to any defense, set-off or counterclaim; and (f) are not Ineligible Receivables.
Eligible Billed Receivables at any time shall mean all rights to payment due and to become due to the Borrower or any Subsidiary Guarantor that (a) constitute an "account" as defined in the Uniform Commercial Code as in effect in the applicable jurisdiction, (b) represent amounts due and owing (i) for products actually delivered or services actually performed or rendered by or on behalf of the Borrower or any Subsidiary Guarantor pursuant to a written contract or written agreement now or hereafter entered into by the Borrower or any Subsidiary Guarantor and a person that is not an Affiliate of the Borrower, or (ii) as interim billings or progress payments in accordance with fixed price contxxxxx xxtween the Borrower or any Subsidiary Guarantor and a person that is not an Affiliate of the Borrower, (c) have been properly billed, (d) arise in the ordinary course of the Loan Parties' business, (e) are due, owing and not subject to any defense, setoff or counterclaim, except if the person that is the obligor under any such account has disputed liability or made any claim of setoff or counterclaim, only the portion of the account subject to such defense, setoff or counterclaim shall be deemed an Ineligible Receivable, (f) are not final invoices and (g) are not Ineligible Receivables.
Eligible Billed Receivables means each Eligible Receivable arising in the ordinary course of business of Borrower that is evidenced by an invoice, statement or other documentary evidence reasonably satisfactory to Lender that is dated.
Eligible Billed Receivables means the aggregate amount of all Accounts of each Borrower arising in the ordinary course of such Borrower's business as presently conducted, valued at the lowest of invoice (adjusted for credits, returns or the like), book value or the amount reasonably expected by such Borrower to be collected from the particular Account Debtor(s) and payable in U.S. Dollars, less any accounts and related amounts without duplication :