Unearned Revenue definition

Unearned Revenue means all unearned revenue, advance payments and deposits associated with Customer credit balances of Seller as of the Closing Date which are listed on Report 17 (Unearned Revenue Report) of the NRTC Central Billing System Reports.

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Unearned Revenue means (i) all Accounts Receivable billed by Seller for services to be rendered after the Closing Date to the Customer Accounts by Buyer; (ii) all payments and deposits received by Seller prior to the Closing for services to be rendered or work to be performed after the Closing Date for the Customer Accounts by Buyer. Unearned Revenue will be prorated as of the close of business on the Closing Date. The Unearned Revenue is set forth in EXHIBIT 1.12, which will be attached hereto and incorporated herein.

Unearned Revenue means revenue for products and services sold to the Company’s customers that has been accrued but not earned by the Company, determined in accordance with GAAP.

Examples of Unearned Revenue in a sentence

• Unearned Revenue Revenue Deposits (USD) 100,000 105,000 Revenue Deposits (Euro) 95,000 95,000 Total Unearned Revenue 195,000 200,000 Note 14.

• The unearned revenue (determined in accordance with AICPA Statement of Position 97-2) relating to Seller's obligation to complete and deliver certain software (either custom or standard product) and perform certain consulting, training and maintenance services for which Seller has billed or has billed and collected revenues on or prior to Closing (the "Unearned Revenue").

• The Additional Liabilities shall be such additional liabilities of the Vendors in connection with the Businesses as the Vendors incur in the ordinary course of business of the Businesses in the period between the date of calculation of the Signing Liabilities and the Effective Time provided that to the extent that the Accepted Liabilities and Unearned Revenue at the Effective Time together exceed L2,900,000 the Purchaser shall not accept liability therefor.

• Within seven business days prior to the Closing, but -------------------- in no event less than three business days prior to the Seller, Seller shall deliver to the Buyer a certificate of the chief financial officer of the Company which contains Seller's good faith best estimate of the Unearned Revenue Amount and any resulting Unearned Revenue Adjustment expected on the Closing Date ("Estimated Adjustment"), which Estimated Adjustment shall be reasonably acceptable to Buyer.

• For purposes of this Agreement, "Total NDI Value" means Three Million Four Hundred Thousand Dollars ($3,400,000) minus the sum of all liabilities of NDI determined as of the Closing Date (as defined in Section 3.1(a), below) in accordance with generally accepted accounting principles in the United States consistently applied ("GAAP") plus the Additional Unearned Revenue (as defined in Section 3.1(a), below).

More Definitions of Unearned Revenue

Unearned Revenue shall have the meaning ascribed to it in Section 1.6(a)(x).

Unearned Revenue means all unearned revenues in connection with the Businesses as at 31st December 1996 for the purposes of the Base Period Balance Sheet, 31st July 1997 for the purposes of the Execution Balance Sheet and the Effective Time for the purposes of the Completion Balance Sheet, being sums received by any of the Vendors in connection with the Businesses (including Advance Receipts) in the period up to such respective dates in relation to services -------------------------------------------------------------------------------- 52 or products which in the case of the Base Period Balance Sheet had not been performed or delivered at 31st December 1996, in the case of the Execution Balance Sheet had not been performed or delivered as at 31st July 1997 and in the case of the Completion Balance Sheet will not have been performed or delivered as at the Effective Time as the same have been or will be treated as a liability in calculating the Base RTBV Figure, the Execution RTBV Figure and the Completion RTBV Figure respectively;

Unearned Revenue means a liability representing amounts billed in advance of providing services or delivering goods, including any prebilled monthly rental revenue on any Equipment Contract.

Unearned Revenue shall be defined as they are by Generally Accepted Accounting Principles. As used herein, "Tangible Net Worth" shall be defined as net worth (less all intangible assets, including, but not limited to, amounts due and/or owing from any officers, stockholders and/or affiliates, and other intangible assets). This ratio will be measured quarterly.

Unearned Revenue means solely with respect to the Business Contracts assigned to the Buyer under this Agreement, any continuing or uncompleted obligation to provide goods and/or services to the customers of the Business.

Unearned Revenue means with respect to any Project payments that Borrower has received from a client for services to be rendered by Borrower in the future on such Project.

Unearned Revenue means, for any fiscal period and for any Account Debtor, the aggregate amounts paid or payable to any Borrower for services or goods that have yet to be fulfilled.