Milestone Billing definition

Milestone Billing means Accounts Receivable for progress payments that are under contracts entered into in the Borrower’s ordinary course of business and that require the Buyer to make progress payments before completion and/or shipment of the Items thereunder.
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Examples of Milestone Billing in a sentence

  • Subject to the provisions and restrictions contained herein, including, without limitation, the Prompt Payment Policy Statement attached hereto as Exhibit D, payment will be made according to the Milestone Billing Events set forth in Exhibit A, Statement of Work.

  • At the completion of each Milestone Billing Event so identified in Exhibit A, the Contractor may submit invoices requesting payment by NYSERDA of the amounts corresponding to the amount identified in the Budget.

  • Fees billed under the Milestone Billing shall be due and payable upon the Developer providing the Client with an invoice.

  • Service Description: The ESS-C-274—ER Authorization Request and Milestone Billing Form must be submitted to the DRS Counselor once the intake appointment is scheduled.

  • Subject to the provisions and restrictions contained herein, payment will be made according to the Milestone Billing Events set forth in Exhibit A, Statement of Work.

  • The Contractor will be reimbursed for costs incurred, upon submission of proper invoices, in accordance with the a Milestone Billing Event, for Work delivered or rendered and accepted, less deductions and any required cost-sharing, as herein provided.

  • In accordance with and subject to the provisions of NYSERDA's Prompt Payment Policy Statement, attached hereto as Exhibit D, NYSERDA shall pay to the Contractor within the prescribed time after receipt of such request for final payment, the total amount payable pursuant to Section 4.01 hereof, less all Milestone Billing payments previously made to the Contractor with respect thereto.

  • Service Description: The ESS-C-274 ER Authorization Request & Milestone Billing Form must be submitted to the DRS Counselor once the intake appointment is scheduled.

  • If Milestone Billing is specified in a SOW, upon satisfactory completion of each milestone event as set forth in the Milestone Billing Schedule and verification of completion of the milestone by Customer, GTS will ▇▇▇▇ Customer for the amount set forth in the SOW for that milestone.

  • The DRS Counselor has five (5) business days to send the authorization from date of the Contractor’s submission of ESS-C-369 JP Authorization Request & Milestone Billing Form.

Related to Milestone Billing

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.