Progress Billing definition

Progress Billing means any invoice for goods sold or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon any Obligor’s or any Subsidiary of an Obligor’s completion of any further performance under the contract or agreement; provided that in no event will any invoice for rent under a Lease be considered a Progress Billing.
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Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor's obligation to pay such invoice is conditional upon such Borrower's completion of any further performance under such contract or agreement);
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Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon such Person’s completion of any further performance under the contract or agreement;
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Examples of Progress Billing in a sentence

  • All payments made to the CONTRACTOR shall be subjected to the required two percent (2%) Expanded Withholding Tax (EWT), five percent (5%) Final Withholding Tax on Government Money Payments (GMP), and ten percent (10%) retention fee from every Progress Billing.

  • The Receivables from concessionaires represent concession fees for Current Operating Budget, Debt Service and Progress Billing that are outstanding as of balance sheet date.

  • Progress Billing = Remaining Amount, Progress Billing may be submitted once per month during the construction period.

  • Special Payment and Progress Billing Terms:Invoicing begins on the 30th of the month following an order and/or the acceptance of the proposal/contract.

  • Progress Billing: Each proposal shall include a description of how the respondent intends to progress bill the execution of respective work plans.

  • Thereafter, payments can be made once a month, provided that the latter submits a Progress Billing or a request for payment for work accomplished.

  • The Contractor shall submit to the Procuring Entity’s Representative, after the end of each month, a Statement of Work Accomplished (SWA) or Progress Billing, showing the amounts which the Contractor consider itself to be entitled up to the end of the month, to cover: the cumulative value of the Works it executed to date, based on the items in the Bill of Quantities; and adjustments made for approved Variation Orders executed.

  • Progress Billing (Servicer, Early Intervention Contractor and Default Aversions Contractor) Program Conversion/Turnover (section 1.104.8)a.

  • The amount to be withheld for late submission of an updated Program of Work is one percent, (1%) of every Progress Billing of the Contractor.12The Funding Source is the GAA CY 2021 - LIP Per Department Memorandum Circular No. 73 s.

  • Migration of Nepalese to Gulf counties, USA and Europe is new and started only about 15 years ago (Bhattarai, 2007).


More Definitions of Progress Billing

Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon the Credit Party’s completion of any further performance under the contract or agreement.
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Progress Billing means any Account represented by an invoice, payable to any Company pursuant to an Acceptable Progress Payment Contract.
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Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor's obligation to pay such invoice is conditioned upon the completion of any further performance by the Company, Kaiser Bellwood or KAII under the contract or agreement.
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Progress Billing means any invoice for goods sold or leased or services rendered under a contract or agreement pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned upon such Person’s completion of any further performance under the contract or agreement. or $ if for goods held for rent, not from the rental by any Loan Party or such Canadian Subsidiary as the lessor of goods owned by such Person d. due from an Account Debtor that has more than 33% of its aggregate Receivables owed to the Loan Parties and the Canadian Subsidiaries more than 120 days past the invoice date (for the avoidance of doubt, such calculation shall aggregate all Receivables owed by such Account Debtor to any one or more Loan Party or Canadian Subsidiary) $ e. owed by an Account Debtor that any Loan Party or such Canadian Subsidiary does not deem to be creditworthy $ or owed by an Account Debtor that any Loan Party or such Canadian Subsidiary deems to be creditworthy but is owed by an Account Debtor which has (i) applied for, suffered or consented to the appointment of any receiver, custodian, trustee or liquidator of its assets, (ii) has had possession of all or a material part of its property taken by any receiver, custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation, reorganization, arrangement, adjustment of debts, adjudication as bankrupt, winding up, or voluntary or involuntary case under any Debtor Relief Laws, (iv) has admitted in writing its inability to, or is generally unable to, pay its debt as they become due, (v) become insolvent, or (vi) ceased operation of its business, other than, in each case, to the extent that such Receivable, whether occurring post or pre-petition, is (A) owed by an Account Debtor that has filed a motion in a proceeding under any Debtor Relief Law to pay its trade creditors (without excluding such Loan Party or such Canadian Subsidiary) during the pendency of such proceedings and such motion has not been denied by the court or (B) owed by an Account Debtor as to which an order confirming a plan of reorganization has been entered and the transactions contemplated by such plan have been consummated $
Sample 1
Progress Billing means an invoice submitted to Contractor by Subcontractor on the 15th or 30th day of each calendar month (or, if such a date is a holiday, then the first Business Day thereafter) (each a “Billing Date”) for Work performed hereunder and not previously invoiced through the Billing Date.
Sample 1
Progress Billing is an amount owing to Borrower and B & K Steel Fabrications, Inc., an Arizona corporation, (collectively, "Entities"), which has arisen from the delivery and/or shipment of products previously made and from services rendered for which an invoice has been issued by the Entities to its customer ("Customer") with respect to a specific job contracted for by the Customer ("Job"), and which amount is subject to a perfected security interest in favor of Bank and is not subject to any other security interest, lien, claim or encumbrance.
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Related to Progress Billing

  • Balance billing means charging or collecting an amount in excess of the Medicaid, Medicare, or contracted reimbursement rate for services covered under a Medicaid, Medicare or employer sponsored beneficiary’s plan. “Balance Billing” does not include charging or collecting deductibles or copayments and coinsurance required by the beneficiary’s plan.

  • Carrier Access Billing System (“CABS”) is the system which is defined in a document prepared under the direction of the Billing Committee of the OBF. The CABS document is published by Telcordia in Volumes 1, 1A, 2, 3, 3A, 4 and 5 as Special Reports SR-OPT-001868, SR-OPT-0011869, SR-OPT-001871, SR-OPT- 001872, SR-OPT-001873, SR-OPT-001874, and SR-OPT-001875, respectively, and contains the recommended guidelines for the billing of access and other connectivity services. Sprint’s carrier access billing system is its Carrier Access Support System (CASS). CASS mirrors the requirements of CABS.

  • Procurement Process means the process commenced by the issuing of this Invitation and concluding upon the award of a contract (or other outcome as determined by Tetra Tech International Development) or upon the earlier termination of the process

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Multiple Exchange Carrier Access Billing or “MECAB” means the document prepared by the Billing Committee of the OBF, which functions under the auspices of the Carrier Liaison Committee (CLC) of the Alliance for Telecommunications Industry Solutions (ATIS). The MECAB document, published by ATIS as ATIS/OBF-MECAB- Issue 6, February 1998, contains the recommended guidelines for the billing of access services provided to an IXC by two (2) or more LECs, or by one LEC in two (2) or more states within a single LATA.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Support Service means an activity, such as information technology, accounting, human resources, legal, and other support functions that are required to support the ongoing delivery of core services.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Nuclear fuel cycle-related research and development activities means those activities which are specifically related to any process or system development aspect of any of the following: - conversion of nuclear material, - enrichment of nuclear material, - nuclear fuel fabrication, - reactors, - critical facilities, - reprocessing of nuclear fuel, - processing (not including repackaging or conditioning not involving the separation of elements, for storage or disposal) of intermediate or high-level waste containing plutonium, high enriched uranium or uranium-233, but do not include activities related to theoretical or basic scientific research or to research and development on industrial radioisotope applications, medical, hydrological and agricultural applications, health and environmental effects and improved maintenance.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-xxxx environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Support Services the support services, as described in the Support Services Description, that We provide to You in respect of the Cloud Service.

  • financial service supplier means any natural or juridical person of a Party wishing to supply or supplying financial services but the term “financial service supplier” does not include a public entity;

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Multiphase professional services contract means a contract for the providing of professional

  • Billing involves the provision of appropriate usage data by one Telecommunications Carrier to another to facilitate Customer Billing with attendant acknowledgments and status reports. It also involves the exchange of information between Telecommunications Carriers to process claims and adjustments.

  • Distribution Network Operator or “DSO” shall mean the operator of a Distribution Network.

  • Progress Schedule means a schedule of the Work, in a form satisfactory to Owner, as further set forth in Section 3.02.

  • Double check valve assembly means an assembly composed of two single, independently acting, check valves including tightly closing shutoff valves located at each end of the assembly and suitable connections for testing the water tightness of each check valve.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Job-order-contracting means a project delivery method in which:

  • Child support services means any civil, criminal or administrative action taken by the Division of