Progress Billing Clause Samples

Progress Billing. Accounts (i) as to which a Credit Party is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (ii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to a Credit Party’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer;

Progress Billing. Accounts (i) as to which the Borrower, Listerhill or AEMS, as applicable, is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (ii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to completion of further performance by any Subsidiary of Holdings under such contract or is subject to the equitable lien of a surety bond issuer;

Progress Billing. Accounts (i) as to which the Canadian Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (ii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to the Canadian Borrower’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer;

Progress Billing. 2.1. Purchaser, in its sole and absolute discretion, shall make advances available to Seller equal to 50% of the value of all completed, but as yet unbilled work, performed under valid and active federal contracts, and identified on a progress billing reconciliation sheet attached to Exhibit 1. Advances against unbilled work may create a Reserve Shortfall, which shall be repaid according to the terms of Section 1.3.1, or, in the event of a default, according to Section 1.3.2.

Progress Billing. If the price of a single project exceeds fifty thousand dollars ($50,000.00), Company shall have the right to submit invoices for progress payments based on percentage of work completed for such project.

Progress Billing. Accounts (i) as to which a Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, (ii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to a Borrower’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer (sometimes called retainage ▇▇▇▇▇▇▇▇), or (iii) Accounts subject to trust provisions, subrogation rights of a bonding company, or a statutory trust;

Progress Billing. Accounts (other than from the BARDA Contract) (i) as to which a Loan Party is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (ii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to a Loan Party’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer;

Progress Billing. User understands and agrees that if there is a User caused interruption (i.e. User construction delay, remodeling, prewire, no power available, etc.) in Bay’s ability to start and finish the installation and Bay must return at a later date to complete the installation, Bay will progress bill for a portion of work completed. A return trip charge may be incurred. User understands and agrees that ▇▇▇ will leave balance of System as listed per previous agreements. Contract terms begin upon date System and/or Service is online. The agreement is made by and between _ORINDA USD _ “User” and Bay Alarm Company hereinafter “Bay” and is effective for an initial period of five years, from date the System is operational. This agreement shall automatically, without action by either party, extend and renew itself under the same terms and conditions for successive periods of two (2) years each, after the initial period unless either party gives to the other at least thirty (30) days written notice, prior to expiration date, or its intention to terminate this agreement upon its original or any renewed expiration date. Bay will sell to you and install the system (“System”) described on the Scope of work section (s) and/or any additional continuation page (s), and if subscribed to by User, monitor and provide other services pursuant to the terms and conditions of this agreement.

Progress Billing. Accounts (A) as to which a Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process if such Accounts are either (1) past due or (2) Credit Parties have knowledge of such inability to bring suit or enforce remedies, or (B) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to a Borrower’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer;