Unbilled Receivables definition

Unbilled Receivables means Receivables in respect of which an invoice addressed to the Obligor thereof has not been sent.

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Unbilled Receivables means Receivables with respect to which the invoice and other necessary billing documentation have not been submitted to the applicable Account Debtor in connection with a completed (or contracted) sale of goods, rendition of services or licensing of software but which otherwise qualify as Eligible Receivables for purposes of the Loan Agreement. Receivable Loans will be made separately to each Borrower based on the Receivables of each Borrower. Loans with respect, but subject to the dollar limits set forth above, which shall apply to the total Receivable Loans to all Borrowers.

Unbilled Receivables means Receivables which otherwise qualify as Eligible Receivables but which shall be billed within fifteen (15) days after the last day of the prior month and are included in General Physics’ General Ledger Account number 11-601 titled “Sales earned not billed”.

Examples of Unbilled Receivables in a sentence

• The Receivables that are identified by the Borrower as Eligible Receivables or Eligible Unbilled Receivables and the Inventory that are identified by the Borrower as Eligible Inventory, in each Borrowing Base Certificate submitted to the Administrative Agent, at the time of submission, comply in all respects with the criteria (other than any Administrative Agent discretionary criteria) set forth in the definition of Eligible Receivables, Eligible Unbilled Receivables and Eligible Inventory, respectively.

• The Outstanding Balance of Unbilled Receivables shall be calculated in accordance with the methodology described in Exhibit B.

• The amount of any Reserve established by the Agent, and any changes to the advance rates or the eligibility criteria set forth in the definitions of Eligible Receivables, Eligible Unbilled Receivables or Eligible Inventory, shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such Reserve or change and shall not be duplicative of any other Reserve established and currently maintained.

• The methodology for determining the Outstanding Balance of Unbilled Receivables is accurately described in Exhibit B, and such description does not omit any fact necessary to make the statements contained therein not misleading.

• In addition, if Accounts of Borrower in an aggregate face amount in excess of $500,000 become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Billed Receivables or Eligible Unbilled Receivables, Borrower shall notify Agent of such occurrence within two (2) Business Days following its discovery of such occurrence and the Borrowing Base shall thereupon be adjusted to reflect such occurrence.

More Definitions of Unbilled Receivables

Unbilled Receivables means all Receivables which have been earned by the applicable Borrower but which have not been billed to the Customer; provided, however, that with respect to any Unbilled Receivables where the Customer of Stream is located in France, (A) any Revolving Advance based thereupon shall not exceed 85% of the Dollar Equivalent of the insured value thereof, and (B) the total amount of Revolving Advances based upon Unbilled Receivables from Customers located in France, together with any and all Receivables with respect to which the Customer is located in France, shall not exceed the sum of $10,000,000 at any one time outstanding.

Unbilled Receivables means a Receivable for which the Obligor has not been billed, net of any amounts reserved in connection with such Receivable for SCA Adjustments.

Unbilled Receivables means Receivables with respect to which the invoice and other necessary billing documentation have not been submitted to the applicable Account Debtor in connection with a completed (or contracted) sale of goods, rendition of services or licensing of software but which otherwise qualify as Eligible Receivables for purposes of the Loan Agreement.

Unbilled Receivables means Receivables with respect to which the invoice and other necessary billing documentation have not been submitted to the applicable Account Debtor in connection with a completed (or contracted) sale of goods, rendition of services or licensing of software but which otherwise qualify as Eligible Receivables for purposes of the Loan Agreement. In connection with this Amendment, Borrower agrees to pay a line increase fee of $80,000. GBC acknowledges receipt of $20,000 of such fee; the balance thereof shall be due simultaneously herewith.

Unbilled Receivables means Receivables for which, at the time of determination, an invoice or other evidence of an Obligor’s payment obligation for the purchase of goods from a Borrower has not been rendered.

Unbilled Receivables means amounts cumulatively recognized as -------------------- revenue in accordance with generally accepted accounting principles, less amounts billed.

Unbilled Receivables means Receivables which have not been documented by an invoice.