Unbilled Eligible Accounts means Accounts of the Borrower for Product which has been delivered to an Account Debtor and which would be Eligible Accounts but for the fact that such Accounts have not actually been invoiced at such time.
Unbilled Eligible Accounts means Accounts of the Borrower for Product which has been delivered to an Account Debtor and which would be Eligible Accounts but for the fact that such Accounts have not actually been invoiced at such time, net of, in each case, (i) any accounts payable owing to the Account Debtor from the Borrower on such Account and (ii) after application thereof to any Eligible Accounts, Eligible Exchange Receivables, and Realizable Unrealized Profits with such Account Debtor, other offsets against amounts owed to such Account Debtor, whether in respect of unbilled purchases, out-of-the-money positions or unperformed contracts for purchase.
Unbilled Eligible Accounts means Eligible Accounts (a) in respect of which invoices have not been sent to the applicable account debtors, but in respect of which applicable account debtors have received the services provided by Credit Parties and (b) which are less than 30 days from the last day of the month in which the services giving rise to such Eligible Accounts were rendered.
Examples of Unbilled Eligible Accounts in a sentence
U.K. Unbilled Eligible Accounts: any Account owing to a U.K. Borrower which would qualify as a “U.K Eligible Account” except that the invoice with respect thereto has not yet been submitted to the Account Debtor, so long as such Accounts have not been unbilled for more than 30 consecutive days following the creation of the unbilled Account.
U.K. Unbilled Accounts Formula Amount: 80% of the Value of U.K. Unbilled Eligible Accounts; provided, that (a) the aggregate amount of U.K. Unbilled Eligible Accounts and U.S. Unbilled Eligible Accounts included in the Global Borrowing Base shall not exceed $25,000,000 at any time and (b) such percentage shall be reduced by 1.0% for each percentage point (or portion thereof) that the Dilution Percent exceeds 5.0%.
More Definitions of Unbilled Eligible Accounts
Unbilled Eligible Accounts means an Eligible Account not yet evidenced by an invoice rendered to the Account Debtor thereunder but projected to be invoiced within thirty (30) days after the last date of the service giving rise to such Eligible Account based upon documentation satisfactory to Agent in its sole discretion determined in good faith.
Unbilled Eligible Accounts means the Unbilled Eligible Foreign Accounts and the Unbilled Eligible U.S. Accounts.
Unbilled Eligible Accounts means, at the time of any determination thereof, each portion of the Eligible Accounts of an Account Debtor a Loan Party that represents the uninvoiced amount in respect of volumes of Petroleum Inventory actually delivered by such Loan Party on or prior to the date of determination in the current or immediately preceding calendar month, and is governed by an enforceable purchase and sale agreement, exchange agreement or other written agreement.
Unbilled Eligible Accounts means Government Accounts arising from federal Government Contracts which have been fully funded by the federal Government, which Government Accounts (A) meet all of the criteria for being Eligible Accounts except those set forth in clauses 1 and 2 of the definition of Eligible, and (B) which are not Ineligible Accounts, disregarding clause 7 of the definition for such term, and (C) shall have an invoice sent to a Customer requesting payment for the goods or services provided by the Borrower within thirty (30) days from the date of any Advance against such Government Accounts.
Unbilled Eligible Accounts means, for purposes hereof and at any time of determination, any amount receivable owing to the Borrower or any Guarantor arising from the rendering of services in the ordinary course of business by the Healthcare Services Business as to which (i) such amount receivable would be an Eligible Account hereunder but for the fact that the Borrower or such Guarantor, as the case may be, has not yet invoiced the Account Debtor for such rendering of services, (ii) no more than 90 days have elapsed since the time of the rendering of such services giving rise to such amount receivable, (iii) the Borrower or such Guarantor, as the case may be, which has rendered such services was, at the time such services were rendered, a member of the Healthcare Services Business and (iv) the Borrower has, at all times, recorded and recognized such amount receivable on its books and records in a manner no less conservative than that as in effect on the Effective Date.
Unbilled Eligible Accounts are Accounts that would be Eligible Accounts but for the fact that they have not been billed, which are earned revenues that result from (i) the satisfaction of the revenue recognition criteria under GAAP, which are invoiced the following month or (ii) final payments (10%) that are contractually invoiced 30-days after installation, all as reasonably determined by Borrower and approved by Bank.”
Unbilled Eligible Accounts means the aggregate face amount of Eligible Accounts (a) in respect of which invoices have not been sent to the applicable account debtors, but in respect of which the applicable account debtors have executed time cards (in form and substance acceptable to the Lender) and