Approved Budget Variance Report Sample Clauses

Approved Budget Variance Report a weekly report provided by the Borrowers to the Agents (a) showing by line item Actual Cash Receipts, Actual Disbursement Amounts and total available Canadian Borrowing Capacity, US Borrowing Capacity and Term Loan Borrowing Capacity for the last day of the Prior Week and for the other three weeks of the Cumulative Four Week Period, noting therein all variances, on a line-item basis, from amounts set forth for such period in the Approved Budget, and shall include explanations for all material variances, and (b) certified by a Senior Officer of the Borrowers. Notwithstanding the foregoing, the first Approved Budget Variance Report shall cover the weeks ending June 7, 2014 and June 14, 2014 and shall be furnished on June 20, 2014. Approved Fund - any Person (other than a natural person) that is engaged in making, holding or investing in extensions of credit in its ordinary course of business and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either. Arranger Indemnitees - each Arranger and its officers, directors, employees, Affiliates, branches, agents, advisors and attorneys. Arrangers – ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated and ▇▇▇▇▇ Fargo Capital Finance, LLC in their capacities as co-lead arrangers and co-book managers. Assignee Group - two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor.