Customer Prepayment definition

Customer Prepayment means any payment received by a Borrower from a customer with respect to the rendering of services by a Borrower to a customer that are to commence and be rendered at least twelve (12) months or later after the date of such payment.”
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Customer Prepayment means the liability account on the balance sheet of the Licensee that accounts for the total amount of cash payment received from customers in advance for the services that have not yet been delivered to such customers.
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Examples of Customer Prepayment in a sentence

  • The Administrative Agent may notify the Borrower in writing of any suggested corrections, changes or adjustments to a Customer Prepayment Event Certificate that are not inconsistent with the terms of this Agreement.

  • Simultaneously with providing each Prepayment Event Certificate, the Borrower shall deliver to the Administrative Agent (A) updated Project Information and (B) an updated Base Case Model, in each case, updated solely for Customer Prepayment Events and, from and after the date the Borrower is required to rerun the Closing Date Tax Equity Model pursuant to Section 6.29(a), [***] that have occurred since updated information was last provided pursuant to this Section 6.01(a)(viii).

  • Late Charges Split 50/50 Principal and Interest Float Retained by Servicer Escrow Float Retained by Servicer Servicing Activity Fees Retained by Servicer (e.g. payoff statements, fax fees) Customer Prepayment Fees Retained by Owner Optional Products Split revenue 50/50 net of Servicer’s expenses Remittance and Billing The table below indicates the structure of the remittances and subservicing billing.