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.
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 Borrower’s completion of any further performance under the contract or agreement.
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 Grantor’s or any Subsidiary of a Grantor’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.
Examples of Progress Billing in a sentence
Progress Billing = Remaining Amount, Progress Billing may be submitted once per month during the construction period.
The Receivables from concessionaires represent concession fees for Current Operating Budget, Debt Service and Progress Billing that are outstanding as of balance sheet date.
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.
Progress Billing: Each proposal shall include a description of how the respondent intends to progress bill the execution of respective work plans.
Special Payment and Progress Billing Terms:Invoicing begins on the 30th of the month following an order and/or the acceptance of the proposal/contract.
More Definitions of Progress Billing
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 conditional upon such Borrower's completion of any further performance under such contract or agreement);
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 Credit Party's completion of any further performance under the contract or agreement);
Progress Billing means any Account represented by an invoice, payable to any Company pursuant to an Acceptable Progress Payment Contract.
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.
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.
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.
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 $ or 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 $