Customer prepayment definition

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.
Sample 1
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.”
Sample 1

Examples of Customer prepayment in a sentence

  • Intelice issues monthly statements which reflect any Customer prepayment balances and/or credits issued in the previous month.

  • The total individual Transmission Customer prepayment shall be capped at the greater of either $50,000 or the largest monthly aggregate charge paid by the Customer for services under Schedules 7 and 8 during the prior 6 months.

  • If a Customer is not able to pay the invoice within the defined 30 days from the invoice date and upon the delivery of the Products to the Customer, pre-payment via PayPal account or bank transfer shall be the only option for further orders.

  • In thousands of Canadian $ Customer prepayment* $ 24,492 — — — — — $ 24,492 Operating Leases $ 257 $ 206 $ 180 $ — $ — $ 284 $ 926 Total $ 24,749 — — — — — $ 25,418 * This amount is expected to revolve each year and will renew in June of a fiscal year to finance the next leaf harvest payments to farmers.

  • Customer prepayment device or system (CPDS)--A device or system that includes metering and communications capabilities that meet the requirements of this section, including a device or system that accesses customer consumption information from a TDU's advanced metering system (AMS).

  • Customer pre-payment for their energy supply is also a possible requirement.

  • SMIXIN will be entitled to demand of the Customer prepayment of part or all of the purchase price.

  • The Company will refund a sum equivalent to a pro rata portion of any Customer prepayment less any amount due to Company from Customer only if such cancellation occurs within 90 days of the Agreement start date or renewal date after which no refund will be made.

Related to Customer prepayment

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • prepayment meter means a meter that can be programmed to allow the flow of pre-purchased amounts of energy in an electrical circuit;

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).