Customer Advances definition

Customer Advances means all such Customer Advances.

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Customer Advances means amounts arising from the operation of the Business that have been billed and collected by Seller as of the Closing Date but that are unearned because they relate to the provision of service after the Closing Date.

Customer Advances means, as of any date, the sum of (a) the aggregate amount, determined as of such date, of the payments received by the Companies as deposits from customers and (b) the aggregate amount of the deferred revenues of the Companies as of any such date arising from advance payments received by the Companies from customers relating to future software or maintenance fees which are unearned as of such date; provided, that the amounts contemplated by each of clauses (a) and (b) shall be reduced by:

Examples of Customer Advances in a sentence

Payments from Buyer to Seller for Earned End-User Accounts Receivable and from Seller to Buyer for Customer Advances and Customer Deposits will occur subsequent to Closing in accordance with Article 10.
Within thirty (30) days following the Closing, Buyer will remit to Seller an amount equal to 80% of the Earned End-User Accounts Receivable Amount less 100% of the Customer Advances.
If any notice of disagreement is timely provided in accordance with this Section 1.4(c), then Buyer and Parent shall each use commercially reasonable efforts for a period of 30 days thereafter to resolve any disagreements with respect to the calculations of the Customer Advances Amount.
The Purchase Price Arbiter shall be authorized to select only the amount of the Final Working Capital or Final Customer Advances Amount as presented by either Sellers or Purchaser and shall not select any other figure or amount as the Final Working Capital or Final Customer Advances Amount.
Within five Business Days of the date on which the last disputed item required to determine the Final Working Capital, Final Customer Advances Amount and the Final Capital Lease Amount is resolved pursuant to this Section 2.03, the Purchase Price shall be increased by the excess, if any, of the Final Working Capital Payment over the Estimated Working Capital Payment, or decreased by the excess, if any, of the Estimated Working Capital Payment over the Final Working Capital Payment.

More Definitions of Customer Advances

Customer Advances means, as of any date the aggregate amount, determined as of such date, of the payments received by Delta as deposits from customers.

Customer Advances means all deposits, prepayments and advances paid or delivered by customers to or for the benefit of the Non-Houston Business to the extent relating to services to be performed or products to be delivered by the Rodeo Entities or the Business following the Closing, except to the extent applied to Inventories as of the Closing Date, to the extent determined in accordance with Section 1.4.

Customer Advances means each loan, advance, deposit or other amount received by the Company from a customer in advance of performance by the Company under its contract with such customer, but only to the extent such loan, advance, deposit or other amount, as a percentage of the total payments due under the applicable contract or purchase order with such customer, exceeds the percentage of completion under such contract or purchase order. Customer Advances shall not include any payment or deposit for tooling that will be paid to a third party vendor that will supply such tooling. For avoidance of doubt, any payment or deposit for tooling described herein will not be distributed to the Sellers as of the Closing Date, nor will such amounts be paid by the Sellers as Indebtedness.

Customer Advances means receivables of any Co-Borrower, payable by customers operating Retail Outlets, arising out of sales by Co-Borrower to such customers of fixtures and equipment, which shall have remained outstanding for more than thirty (30) consecutive days.

Customer Advances means amounts recorded in accordance with GAAP and the Agreed Accounting Principles as customer advances and advance receipts, in each case for which payment in cash has actually been received by any member of the Company Group in respect of a Contract with a customer.

Customer Advances means the value to be received by the REIT Scheme in advance against sale/transfer of the Real Estate, or a part thereof or any interest therein;

Customer Advances all amounts received (whether by deposit, pre-payment or otherwise) by or on behalf of the Vendors on or before the Effective Time so far as the same relate to anything (including any service) to be provided by the Purchasers under any of the Business Contracts or otherwise in connection with the carrying on of the after the Effective Date.