Progress Billing definition

Progress Billing means any invoice for goods sold or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon any Obligor’s or any Subsidiary of an Obligor’s completion of any further performance under the contract or agreement; provided that in no event will any invoice for rent under a Lease be considered a Progress Billing.
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Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon such Person’s completion of any further performance under the contract or agreement;
Sample 1
Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor’sDebtor’s obligation to pay such invoice is conditioned upon the U.S. Borrower or Canadian Loan Party’sParty’s completion of any further performance under the contract or agreement.
Sample 1

Examples of Progress Billing in a sentence

  • All payments made to the CONTRACTOR shall be subjected to the required two percent (2%) Expanded Withholding Tax (EWT), five percent (5%) Final Withholding Tax on Government Money Payments (GMP), and ten percent (10%) retention fee from every Progress Billing.

  • The Receivables from concessionaires represent concession fees for Current Operating Budget, Debt Service and Progress Billing that are outstanding as of balance sheet date.

  • Work Accomplishment and Progress Billing Schedule*Construction Works should not exceed the Three Hundred Sixty Five (365) Calendar Day Timeframe otherwise, liquidated damages shall be applied.

  • Thereafter, payments can be made once a month, provided that the latter submits a Progress Billing or a request for payment for work accomplished.

  • For Progress Billing: (Note: Two (2) ORIGINAL copies each.) Contractor Request Letter for Billing Contractor Narrative & Photographic Report w/ updated construction schedule Contractor’s Affidavit Contractor’s Material Testing Result C.

  • The Contractor shall submit to the Procuring Entity’s Representative, after the end of each month, a Statement of Work Accomplished (SWA) or Progress Billing, showing the amounts which the Contractor consider itself to be entitled up to the end of the month, to cover: the cumulative value of the Works it executed to date, based on the items in the Bill of Quantities; and adjustments made for approved Variation Orders executed.

  • Accounting will not issue Progress Billing invoices to utility companies unless Accounting receives a form TR-0129 from the District Encroachment Permits Office.

  • Section 2.5 of the agreement states: 2.5 Notice of Progress Billing.

  • The Audit Team verified the documents attached to Progress Billing No. 3 and noted that charges under the “Permits and Licenses” included, among others, expenses incurred prior to the execution of the contract between NORTHRAIL and SINOMACH amounting to P1,467,477 or US$34,940.

  • The maximum amount of Eligible Progress Billing Accounts which may be included as part of the Borrowing Base is $1,000,000.


More Definitions of Progress Billing

Progress Billing means an invoice submitted to Contractor by Subcontractor on the 15th or 30th day of each calendar month (or, if such a date is a holiday, then the first Business Day thereafter) (each a “Billing Date”) for Work performed hereunder and not previously invoiced through the Billing Date.
Sample 1
Progress Billing is an amount owing to Borrower and B & K Steel Fabrications, Inc., an Arizona corporation, (collectively, "Entities"), which has arisen from the delivery and/or shipment of products previously made and from services rendered for which an invoice has been issued by the Entities to its customer ("Customer") with respect to a specific job contracted for by the Customer ("Job"), and which amount is subject to a perfected security interest in favor of Bank and is not subject to any other security interest, lien, claim or encumbrance.
Sample 1
Progress Billing means any Account represented by an invoice, payable to any Company pursuant to an Acceptable Progress Payment Contract.
Sample 1
Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon such Person’s completion of any further performance under the contract or agreement. or $ if for goods held for rent, not from the rental by any Loan Party or such Canadian Subsidiary as the lessor of goods owned by such Person d. due from an Account Debtor that has more than 33% of its aggregate Receivables owed to the Loan Parties and the Canadian Subsidiaries more than 120 days past the invoice date (for the avoidance of doubt, such calculation shall aggregate all Receivables owed by such Account Debtor to any one or more Loan Party or Canadian Subsidiary) $ e. owed by an Account Debtor that any Loan Party or such Canadian Subsidiary does not deem to be creditworthy $ owed by an Account Debtor that any Loan Party or such Canadian Subsidiary deems to be creditworthy but is owed by an Account Debtor which has (i) applied for, suffered or consented to the appointment of any receiver, custodian, trustee or liquidator of its assets, (ii) has had possession of all or a material part of its property taken by any receiver, custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation, reorganization, arrangement, adjustment of debts, adjudication as bankrupt, winding up, or voluntary or involuntary case under any Debtor Relief Laws, (iv) has admitted in writing its inability to, or is generally unable to, pay its debt as they become due, (v) become insolvent, or (vi) ceased operation of its business, other than, in each case, to the extent that such Receivable, whether occurring post or pre-petition, is (A) owed by an Account Debtor that has filed a motion in a proceeding under any Debtor Relief Law to pay its trade creditors (without excluding such Loan Party or such Canadian Subsidiary) during the pendency of such proceedings and such motion has not been denied by the court or (B) owed by an Account Debtor as to which an order confirming a plan of reorganization has been entered and the transactions contemplated by such plan have been consummated $
Sample 1
Progress Billing means any invoice for goods sold or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon any Obligor’s or any Subsidiary of an Obligor’s completion of any further performance under the contract or agreement; provided that in no event will any invoice for rent under a Lease be considered a Progress Billing. “Proposed Change” has the meaning specified in Section 12.1(b). “Proprietary Rights” means all of each Obligor’s and each of its Subsidiary’s now owned or hereafter arising or acquired patents, patent rights, industrial designs, copyrights, works which are the subject matter of copyrights, trademarks, service marks, trade names, trade dress, designs, and patent, trademark and service mark applications, and all licenses and rights related to any of the foregoing, and all other rights under any of the 52 [[5848018]][[DMS:6312716v7:05/07/2024--04:04 PM]] 4861-2153-1574 v.2
Sample 1
Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor's obligation to pay such invoice is conditioned upon the completion of any further performance by the Company, Kaiser Bellwood or KAII under the contract or agreement.
Sample 1

Related to Progress Billing

  • Balance billing means charging or collecting an amount in excess of the Medicaid, Medicare, or contracted reimbursement rate for services covered under a Medicaid, Medicare or employer sponsored beneficiary’s plan. “Balance Billing” does not include charging or collecting deductibles or copayments and coinsurance required by the beneficiary’s plan.

  • Procurement Process means the process commenced by the issuing of this Invitation and concluding upon the award of a contract (or other outcome as determined by Tetra Tech International Development) or upon the earlier termination of the process

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.

  • Multiple Exchange Carrier Access Billing or “MECAB” means the document prepared by the Billing Committee of the OBF, which functions under the auspices of the Carrier Liaison Committee (CLC) of the Alliance for Telecommunications Industry Solutions (ATIS). The MECAB document, published by ATIS as ATIS/OBF-MECAB- Issue 6, February 1998, contains the recommended guidelines for the billing of access services provided to an IXC by two (2) or more LECs, or by one LEC in two (2) or more states within a single LATA.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Support Service means an activity, such as information technology, accounting, human resources, legal, and other support functions that are required to support the ongoing delivery of core services.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Support Services means support in relation to the use of, and the identification and resolution of errors in, the Hosted Services, but shall not include the provision of training services;

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Multiphase professional services contract means a contract for the providing of professional

  • Billing involves the provision of appropriate usage data by one Telecommunications Carrier to another to facilitate Customer Billing with attendant acknowledgments and status reports. It also involves the exchange of information between Telecommunications Carriers to process claims and adjustments.

  • Double check valve assembly means an assembly composed of two single, independently acting, check valves including tightly closing shutoff valves located at each end of the assembly and suitable connections for testing the water tightness of each check valve.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Job order contracting means a project delivery method in which:

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • Commissioning means the process for determining the need for and for obtaining the supply of healthcare and related services by the Trust within available resources.

  • NOC means National Olympic Committee.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Design Services means architect services, engineer services or landscape architect services.

  • Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

  • Base Load Generation Resource means a Generation Capacity Resource that operates at least 90 percent of the hours that it is available to operate, as determined by the Office of the Interconnection in accordance with the PJM Manuals.

Most Referenced Clauses

Most Referenced Definitions