BILLABILITY definition

BILLABILITY means the percentage of the aggregate hours for which the total labor force of a business shall have worked which is billable to the customers of such business, and with respect to the Borrowers, shall be calculated pursuant to a fraction, expressed as a percentage, the numerator of which shall equal, for any period of determination, the Borrowers' aggregate direct chargeable labor in respect of customer projects and the denominator of which shall equal, for such period, the Borrowers' aggregate total available labor less the aggregate amount of any paid leave for such period.
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BILLABILITY at any time, the quotient (expressed as a percentage) of (a)
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Related to BILLABILITY

  • Interoperability means the ability of a CenturyLink OSS Function to process seamlessly (i.e., without any manual intervention) business transactions with CLEC's OSS application, and vice versa, by means of secure exchange of transaction data models that use data fields and usage rules that can be received and processed by the other Party to achieve the intended OSS Function and related response. (See also Electronic Bonding.)

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Connectivity means the provision of a Permanent Separated Bicycle Lane system that reflects desired routes between all major origins and destinations in the city.

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • functionality means the ability of a tenderer to provide goods or services in accordance with specifications as set out in the tender documents.