Unbilled Accounts definition

Unbilled Accounts means Accounts with respect to which an invoice, statement or other billing document has not been sent to the applicable Account Debtor.

Unbilled Accounts means Domestic Accounts that are fully earned by performance, but have not yet been billed to the Account Debtor and that, as of any date of determination, arise from the sale of goods or rendition of services within the prior 60 days.

Unbilled Accounts shall have the definition used in the CitiCapital Credit Agreement.

Examples of Unbilled Accounts in a sentence

• We are permitted to borrow (i) 90% of the aggregate Eligible Accounts Receivable, plus (ii) the lesser of (A) 75% of the aggregate Unbilled Accounts Receivable or (B) 50% of the amount available to borrow under (i), up to the maximum credit commitment.

• Unbilled Accounts Receivable Unbilled accounts receivable represent services performed but not billed and are included as accounts receivable.

• We are permitted to borrow (i) 90% of the aggregate Eligible Accounts Receivable, plus (i) the lesser of 75% of the aggregate Unbilled Accounts Receivable (as those terms are defined in the Loan and Security Agreement) or 50% of the amount available to borrow under (i), up to the maximum credit commitment.

• The standard template contains certain data elements that are retrieved through CFS including: Unbilled Accounts and Interest Receivables and Allowance for Doubtful Accounts.

• The independent auditor recommended that MAPC’s Controller establish a separate liability account on the general ledger to record grant advances in order to simplify the analysis of the Unbilled Accounts Receivable account balance and assist in the determination that activity in the account is properly classified.

More Definitions of Unbilled Accounts

Unbilled Accounts means those (a) DOMESTIC ACCOUNTS (other than those of UNC Airwork Corporation) reasonably acceptable to the COLLATERAL AGENT, (b) GOVERNMENT ACCOUNTS, and (c) DOMESTIC ACCOUNTS of UNC Airwork Corporation, that are otherwise ELIGIBLE ACCOUNTS but have not yet been billed by the applicable CREDIT PARTY. Such ACCOUNTS are billable by the CREDIT PARTIES according to the contract terms as completed work, but due to timing differences will be billed by the CREDIT PARTIES at the earlier of the immediately succeeding billing cycle or within thirty (30) days of the completion of the work.

Unbilled Accounts means accounts for goods shipped or goods subject to a progress, percentage of completion or similar accounting or payment method, which accounts are unbilled.

Unbilled Accounts means any amount labeled as “Unbilled Receivables” for the Borrower’s U.S. operations as shown on the Borrower’s monthly financial statements, prepared in accordance with generally accepted accounting principles, as provided to the Administrative Agent.

Unbilled Accounts. Accounts receivable of the Borrower, which arise from services performed by Borrower to the account debtor in accordance with the related contract and which otherwise qualify as Eligible Accounts but for the fact that invoices for payment of such accounts receivable have not been delivered to the account debtor; provided, however, that in order to evidence such unbilled accounts receivable, the Borrower shall have received properly completed timesheets (which may be in electronic form) documenting that the services have been performed and such accounts receivable may not be unbilled beyond the tenth (10th) day of the end of the applicable billing period.

Unbilled Accounts is the estimated face value amount (as determined by Borrower, subject to Section 5.4 hereof) of an invoice for a receivable that will be generated (but has not yet been generated) within thirty (30) days of the date of a request for an Advance based upon Unbilled Accounts pursuant to a binding contract signed by an Account Debtor and deemed acceptable by Bank in its sole discretion. Notwithstanding the foregoing, Unbilled Accounts shall not include Federal Agency Accounts or Subcontractor Accounts. [Signature page follows.]

Unbilled Accounts is (a) the estimated face value amount (as determined by Borrower, subject to Section 5.4 hereof) of an invoice for a receivable that will be generated (but has not yet been generated) within thirty (30) days of the date of a request for an Unbilled Accounts Advance pursuant to a binding contract signed by an Account Debtor and deemed acceptable by Bank in its sole discretion, and (b) the estimated face value amount (as determined by Borrower, subject to Section 5.4 hereof) of an invoice for a receivable that will be generated (but has not yet been generated) later than thirty (30) days but within sixty (60) days after the date of a request for an Unbilled Accounts Advance pursuant to a binding contract signed by the Internal Revenue Services and deemed acceptable by Bank in its sole discretion. Any Account which is an Unbilled Account as described in subsection (b) of the immediately preceding sentence shall be an “Unbilled IRS Account”. Notwithstanding the foregoing, Unbilled Accounts shall not include Federal Agency Accounts, Subcontractor Accounts, or HUD Accounts.

Unbilled Accounts means the value of goods and services rendered to an account debtor that has not yet been billed by Borrower, as that value is established by Borrower, and as Lender may accept, in Lenders’ sole discretion.