Eligible Progress Billing Account definition

Eligible Progress Billing Account means, at any time, the Accounts of a Borrower which represent progress xxxxxxxx, that satisfy all the requirements set forth in the definition of “Eligible Accounts” (other than the requirement set forth in clause (g)(iii) of the definition of Eligible Accounts) and that the Lender determines in its Permitted Discretion are eligible as the basis for the extension of Revolving Loans and the issuance of Letters of Credit. Without limiting the Lender’s discretion provided herein, Eligible Progress Billing Accounts shall not include any Account of a Borrower:
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Eligible Progress Billing Account means, at any time, the Accounts of a Borrower which represent progress billings, that satisfy all the requirements set forth in the definition of “Eligible Accounts” (other than the requirement set forth in clause (g)(iii) of the definition of Eligible Accounts) and that the Lender determines in its Permitted Discretion are eligible as the basis for the extension of Revolving Loans and the issuance of Letters of Credit. Without limiting the Lender’s discretion provided herein, Eligible Progress Billing Accounts shall not include any Account of a Borrower:
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Examples of Eligible Progress Billing Account in a sentence

  • In the event that an Account of a Borrower which was previously an Eligible Progress Billing Account ceases to be an Eligible Progress Billing Account hereunder (other than by payment), such Borrower or the Borrower Representative shall notify the Lender thereof on and at the time of submission to the Lender of the next Borrowing Base Certificate.

Related to Eligible Progress Billing Account

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Eligible program means a program of education or training which:

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Number of Students Who Began Program means the number of students who began the program who are scheduled to complete the program within the reporting calendar year.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • American Express Meeting Planner Account or “AMEX MPA” is the method by which all Master Account charges under this Agreement shall be settled with an American Express Meeting Planner Account or AMEX MPA number. The appropriate and authorized AMEX MPA number will be provided to the Contractor only when a final invoice is received, reviewed, and approved by the AOC, in accordance with the provisions of this exhibit.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Number of Students Who Began the Program means the number of students who began a program who were scheduled to complete the program within 100% of the published program length within the reporting calendar year and excludes all students who cancelled during the cancellation period.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.