Customer Prepayments definition

Customer Prepayments means those initial lump-sum prepayments owing from a customer to any Loan Party or an Excluded Subsidiary pursuant to the applicable Host Customer Agreement.

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Customer Prepayments means all amounts prepaid by Host Customers pursuant to the related Customer Agreement or on or about commencement of construction of the applicable PV System or the achievement of PTO with respect thereto, exclusive of Customer Deposits.

Customer Prepayments means payments arising from the operation of the Business that have been billed and collected by the Sellers as of the Closing Date but which relate to the provision of service after the Closing Date.

Examples of Customer Prepayments in a sentence

• Unobligated Balances are the resulting annual net of Customer Prepayments, Customer revenues and Congressional funding, less Capital Improvements, RRADs (Capital and Non-Capital), O&M and HQ Expense executed in the fiscal year.

• The Estimated Customer Prepayments Statement prepared in accordance with this Section 6.23 shall be final and not subject to objection from Buyers for purposes of calculating the Closing Payment at the Closing.

• Payments from Buyer to Sellers for CBSS and SSB Accounts Receivable and from Sellers to Buyer for Customer Prepayments and Customer Deposits will occur subsequent to Closing in accordance with Article X.

• Payments from Buyer to Seller for CBSS and SSB Accounts Receivable and from Seller to Buyer for Customer Prepayments and Customer Deposits will occur subsequent to Closing in accordance with Article X.

• Within twenty (20) days following the Closing, Seller shall provide an accounting to Buyer of the CBSS Accounts Receivable and SSB Accounts Receivable, the Customer Prepayments and the resulting calculation of the CBSS Accounts Receivable Amount and SSB Accounts Receivable Amount based on the CBSS Uncollectible Factor and the SSB Uncollectible Factor respectively, which shall be summarized in an accounts receivable settlement statement (the "Accounts Receivable Settlement Statement").

More Definitions of Customer Prepayments

Customer Prepayments means any prepayments, advances or other deposits, made by customers of the Company or any of its Subsidiaries with respect to products, services or maintenance contracted for but not provided as of the Closing Date or any other unearned income revenues prepaid by any customer, in each case, with respect to which the Company or any of its Subsidiaries have affirmative performance obligations, including any obligation to expend funds, in each case, which will not be satisfied in full prior to the first anniversary of the Closing Date.

Customer Prepayments means all deposits from customers of Seller and all progress payments, prepayments, advances, milestone payments and the like received from customers of Seller in connection with the Business or any Assumed Contracts for services to be rendered to such customers after the Closing Date or the pro rated portion of any such advanced payment or deposit received from customers of Seller in connection with the Business or any of the Assumed Contracts for services to be rendered after the Closing Date.

Customer Prepayments shall have the meaning set forth in Section 1.02(e).

Customer Prepayments means any prepayments, advances or other deposits, made by customers of the Company or the Subsidiaries with respect to products, services, support or maintenance contracted for but not provided as of the Interim Balance Sheet Date or any other unearned income revenues prepaid by any customer, in each case, with respect to which the Company or the Subsidiaries have affirmative performance obligations, including any obligation to expend funds, in each case, which will not be satisfied in full prior to the first anniversary of the Agreement Date.

Customer Prepayments means the amount of customer prepayments received by PRISM prior to Closing for services to be performed by Orkin under Customer Contracts whether or not these prepayments have been recorded on PRISM's books.

Customer Prepayments means the prepayments for Company services made by customers and for which the Company is obligated to provide services including for annual customers (as defined in Section 3(f)), even if not recognized as a prepaid service on the Company’s balance sheet.

Customer Prepayments means any payments, prepayments or deposits made by any customer of the CTL Business prior to the Effective Time in relation to any Contracts in respect of the period after the Effective Time;