Eligible Unbilled Receivable

Eligible Unbilled Receivable. Means, at any time, a Receivable that (a) is not evidenced by an Invoice but otherwise meets the requirements set forth in clauses (i) - (xviii) of the definition of "Eligible Billed Receivable", (b) is fully earned per the terms of the underlying contractual obligation and (c) is not invoiced within 10 Business Days of the month following the month in which the services were rendered.