Unbilled Amounts definition

Unbilled Amounts means, as to a Borrower, all obligations owing to such Borrower and all rights to payment owing to such Borrower, including but not limited to all such obligations and rights to payment constituting Accounts, arising out of or in connection with the rendition of services which have been performed for or provided to any customer but have not yet been billed or invoiced to such customer.
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Unbilled Amounts means mean all Accounts of a Borrower arising out of or in connection with the sale of goods or rendition of services that have been performed for or provided to any Account Debtor but have not yet been billed or invoiced to such Account Debtor.
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Unbilled Amounts means and include, as to Borrower, all obligations owing Borrower and all rights to payment owing to Borrower, including but not limited to all such obligations and rights to payment constituting accounts (as defined in Article 9 of the UCC), arising out of or in connection with the rendition of services which have been performed for or provided to any customer but have not yet been billed or invoiced to such customer. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder (including determinations made pursuant to the exhibits hereto) shall be made, and all financial statements required to be delivered hereunder shall be prepared on a consolidated basis in accordance with GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or financial requirement set forth in any Loan Document, and either Borrower or Lender shall so request, Lender and Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) Borrower shall provide to Lender financial statements and other documents required under this Agreement and the other Loan Documents which include a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (Codification of Accounting Standards 825-10) to value any Indebtedness or other liabilities of Borrower at “fair value”, as defined therein. Notwithstanding anything to the contrary contained in the paragraph above or the definitions of Capital Expenditures or Capitalized Leases, in the event of a change in GAAP after the Closing Date requiring all leases to be capitalized, only those leases (assuming for purposes of this paragraph that they were in existence on the Closing Date) that would constitute Capitalized Leases on the Closing Date shall be considered Capital Leases (and all other such leases shall constitute operating leases) and all calcu...
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Examples of Unbilled Amounts in a sentence

  • The Acceptable Unbilled Amounts shall relate to work done, Inventory sold or services rendered which would constitute Eligible Receivables but for the fact that the amount in question has not yet been billed.

  • The Parties acknowledge that following the Closing, the Sellers shall have all right, title and interest in any collections related to the Unbilled Amounts (other than the deductions and retained amounts described in the preceding sentence), and that Buyer and AdvanceMed shall have no right to assert an indemnification claim with respect thereto under Article IX.

  • The term "Unbilled Amounts shall not include any amounts billed for any period on or after ____________.

  • Following the Closing Date, Purchaser shall ▇▇▇▇ or invoice each customer of the Transferred Business for the Per Customer Unbilled Amounts related to such customers as soon as permitted pursuant to the terms of the applicable Contract.


More Definitions of Unbilled Amounts

Unbilled Amounts has the meaning set forth in Section 5.9.
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