Common use of Billed Receivable Clause in Contracts

Billed Receivable. Billed Receivable means an Outstanding Receivable representing a legal, valid, and binding payment obligation for which, as of the time of determination, a Customer Xxxx has been rendered. A Billed Receivable includes all rights to payment of interest or finance charges, and pursuant to the contract or other agreement relating to such Billed Receivable, all security interests, guarantees, and property securing or supporting the payment of such Billed Receivable, and all books and records relating to the Billed Receivable, and all proceeds of the foregoing.

Billed Receivable. Billed Receivable means an Outstanding Receivable representing a legal, valid, and binding payment obligation for which, as of the time of determination, a Customer Xxxx Bill has been rendered. A Billed Receivable includes all rights to payment of interest or finance charges, and pursuant to the contract or other agreement relating to such Billed Receivable, all security interests, guarantees, and property securing or supporting the payment of such Billed Receivable, and all books and records relating to the Billed Receivable, and all proceeds of the foregoing.