Unfunded Backlog definition
Unfunded Backlog means the total price or estimated cost of a Government Contract minus the total amount of direct costs, indirect costs and profit or fee allocable to such Government Contract.
Unfunded Backlog means the total price of a Government Contract minus the total amount funding currently allotted to such Government Contract.
Unfunded Backlog has the meaning set forth in Section 3.27(f)(i).
Examples of Unfunded Backlog in a sentence
Schedule 2.30(f)(i) sets forth for each Government Contract having backlog as of March 31, 2016, the dollar amounts of Funded Backlog and Unfunded Backlog of the Company thereunder as of such date (calculated by the Company consistent with past practice) and the name of the customer.
All of the Government Contracts constituting Funded Backlog and Unfunded Backlog of the Transferred Entities (i) were entered into in the Ordinary Course of Business and (ii) management of the Transferred Entities believes in good faith that such Government Contracts are capable of performance in accordance with the terms and conditions of such Government Contract by the applicable Transferred Entity.
More Definitions of Unfunded Backlog
Unfunded Backlog means estimated amounts of revenue to be earned in the future from Government Contracts for which funding has not been appropriated or otherwise authorized and from unexercised priced contract options.
Unfunded Backlog means the total price or estimated cost of a Government Contract minus the Funded Backlog under such Government Contract.
Unfunded Backlog. Section 2.30(f)(i) 9.15
Unfunded Backlog has the meaning ascribed to such term in Section 3.29(m).
Unfunded Backlog means, with respect to any Government Contract, the amount of revenue expected to be realized over the remaining term of such Government Contract, including the base period and all option years thereunder, to the extent the funding thereof has not yet been authorized; provided that a contract ceiling value under a Government Contract constituting a GWAC or IDIQ contract shall not, by itself, constitute revenue expected to be so realized.
Unfunded Backlog means the total price or estimated cost of a Government Contract minus the Funded Backlog associated with such Government Contract. “Unpaid Withholding and Payroll Taxes” has the meaning set forth in Section 7.11. “Withholding Remediation Plan” has the meaning set forth in Section 7.11. “Working Capital” means, at any date, all Current Assets minus all Current Liabilities. For the avoidance of doubt, Working Capital may be a positive or negative number and shall exclude Closing Cash and Closing Indebtedness. “Working Capital Target” means $724,000. “Valuation” has the meaning set forth in Section 7.4(g)(i). 1.2
Unfunded Backlog is Contract Backlog less Funded Backlog.