Costs in Excess of Billings definition

Costs in Excess of Billings means all costs and estimated earnings in excess of billingx xx xxxompleted contracts subject to an Acceptable Security Ixxxxxxx and otherwise reasonably acceptable to the Agent. For purposes of determining Costs in Excess of Billings, it shall be assumed that all Costs in Excess of Billings of xxx Xxxrower or any of the Guarantors and shown on the coxxxxxxxxed balance sheet of the Borrower for the applicable period is subject to an Acceptable Security Interest.
Sample 1
Costs in Excess of Billings means, as of the date of any determination, the amounx xx xxxenue earned by a Borrower from a Customer pursuant to a contract, which is in excess of the amount billed by a Borrower to such Customer under such contract, as determined in accordance with GAAP and as set forth in Borrowers' most recently delivered balance sheet.
Sample 1

Examples of Costs in Excess of Billings in a sentence

  • The breakdown of the construction contracts in progress is the following: Costs in Excess of Billings When the outcome of a construction contract can be estimated reliably, SIEMENS GAMESA applies the percentage of completion method for construction contracts, based on the percentage of costs incurred to date compared to the total estimated contract costs.

  • The breakdown of the construction contracts in progress is the following: Costs in Excess of Billings (Note 15) When the outcome of a construction contract can be estimated reliably, SIEMENS GAMESA applies the percentage of completion method for construction contracts, based on the percentage of costs incurred to date compared to the total estimated contract costs.

  • The Company presents as an asset the gross amount due from customers for contract work for all contracts in progress for which costs incurred plus recognized profits(less recognized losses) exceed progress billings under current assets as Costs in Excess of Billings on Uncompleted Contracts.

  • Now, I understand that it is more complicated than that, since there will be a calculation of either Costs in Excess of Billings or Billings in Excess of Costs, but that calculation is based on costs expended to date as compared to total estimated costs – without any weighting of costs related to either labor or materials.

  • Now, I understand that it is more complicated than that, since there will be a calculation of either Costs in Excess of Billings or Billings in Excess of Costs, but that calculation is based on costs expended to date as compared to total estimated costs –without any weighting of costs related to either labor or materials.

  • The Borrowers' Costs in Excess of Billings shall not exceed Thirty Eight Million and 00/100 Doxxxxx ($38,000,000.00) as of December 31, 2003, and as of the last day of each March, June, September and December thereafter through the Expiry Date.

  • Nothing permitted by this Section 5.16, however, may be construed to alter in any the criteria for Eligible Accounts, Eligible Equipment, Eligible Unappraised Equipment, Eligible Rolling Stock, Eligible Unappraised Rolling Stock or Eligible Costs in Excess of Billings provided in Section 1.1.

  • Costs in Excess of Billings and Billing in Excess of CostsThe cost in excess of billings on uncompleted purchase orders issued pursuant to contracts reflects the accumulated costs incurred on purchase orders in production but not completed.

  • In addition to the Borrowing Base Certificate to be delivered in accordance with this Agreement, Borrower Representative shall notify Agent promptly upon any Credit Party’s learning thereof, in the event any Eligible Account or Eligible Costs in Excess of Billings becomes ineligible for any reason, other than the aging of such Account, and of the reasons for such ineligibility.

  • A summary of the descriptive for the three instructional settings is displayed in Table 3.

Related to Costs in Excess of Billings

  • Loss in excess of policy limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • State average current expense appropriations per student means the most

  • Direct Costs means the sum of the following:

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Bankruptcy Loss Coverage Amount As of any date of determination, the Bankruptcy Loss Coverage Amount shall equal the Initial Bankruptcy Loss Coverage Amount as reduced by (i) the aggregate amount of Bankruptcy Losses allocated to the Certificates since the Cut-off Date and (ii) any permissible reductions in the Bankruptcy Loss Coverage Amount as evidenced by a letter of each Rating Agency to the Trustee to the effect that any such reduction will not result in a downgrading, qualification or withdrawal of the then current ratings assigned to the Classes of Certificates rated by it.

  • Maximum allowable cost list means a list of drugs for

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Unallowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Cost of Sales means any costs incurred of the type included in the “Cost of sales (excluding depreciation expense)” line item in the consolidated statement of operations of the Partnership prepared in accordance with GAAP, as presently applied.

  • Current Expenses means operating costs other than personal services and shall not

  • Off-Balance Sheet Liability of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (c) any indebtedness, liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person (other than operating leases).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Bondable stranded costs means any stranded costs or basic

  • Margin Excess the meaning specified in Paragraph 4(b) hereof;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Excluded Expenses means an amount a claimant pays for insurance offered under a health benefit plan for a taxable year if:

  • Rent Expense means, as to any Person for any period, the aggregate rent and lease expenses recorded by such Person and its Subsidiaries on a consolidated basis in conformity with GAAP pursuant to any Operating Lease.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Fixed Costs means costs which do not vary with consumption or volume produced;