Eligible Billed Receivables means Eligible Receivables that have been billed to the appropriate Account Debtor, 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 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:
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:
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 Borrowers’ business, which meets the following criteria:
Eligible Billed Receivables as of a particular time shall mean all accounts receivable then outstanding for inventory and other goods, merchandise and tangible assets and properties sold or services rendered in the ordinary course of the Borrower's business (as then conducted) (collectively, the "Products") as determined in accordance with GAAP and that qualify for eligibility as determined from time to time by the Lender in its sole and absolute discretion. However, no account receivable will be included in Eligible Receivables where: (a) the invoice is more than 90 days past due; (b) a final invoice has not been issued; (c) delivery of the invoiced Product(s) has not been completed; (d) the invoice is conditional, permits returns or restricts collection rights or assignments in any respect; (e) the invoice permits payment (i) more than 30 days after the invoice date, (ii) in any currency other than United States Dollars, or (iii) at any location outside the United States; (f) the obligation to pay is evidenced by chattel paper or any note or other instrument (unless duly endorsed and delivered to the Lender or Senior Lender); (g) the invoiced Product(s) have been rejected, returned or disputed in any way, whether in whole or in part, or the customer has attempted to renegotiate the invoiced price, other than because of mistake or in accordance with the customary credit and collection practices of the Borrower; (h) the customer has asserted any right or reduction, setoff, recoupment, counterclaim or defense; (i) the account receivable is one in which the Lender does not have a perfected first priority security interest; (j) the invoice or corresponding account receivable is the subject of any financing statement, lien or other encumbrance other than in favor of the Lender; (k) the customer and its affiliates account for more than 25% of all of the Borrower's accounts receivable then outstanding if and to the extent the Lender determines such concentration poses a credit risk; (l) the customer or any affiliate has a history of late payments, returns, rejections, SPAR ESOP Revolving Credit Agreement renegotiations or disputes; (m) the customer is an affiliate of the Borrower or any Surety; (n) the customer is any governmental authority; (o) the customer is located outside the United States; (p) the customer does not meet the established credit standards of the Borrower or the Lender; (q) the customer has taken or committed any of the actions specified in Section 8.01(g) hereof in resp...
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 xxxxxxxx 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 :