Variance Reports. Reports providing details of and discussing any positive or negative variances in excess of the greater of (i) 10% from the annual budget for total expenses of the Property for the preceding six months or (ii) $250,000 over the annual budget allocable to FNF for the preceding six months. In addition, if it is expected that any such positive or negative variance will continue or if a positive or negative variance of such magnitude in any revenue expense or capital expenditure line item is anticipated, details shall be provided and discussed.
Variance Reports. Variance Report, including the following:
Variance Reports. On Wednesday following each two-week period (with the first such delivery on March 1, 2023 with respect to the first Variance Test Period, with the second such delivery of March 15, 2023 with respect to the second Variance Test Period and thereafter the Wednesday following each applicable Variance Test Period), a report in substantially the form of Exhibit M (the “Variance Report”).
Variance Reports. By no later than 12:00 p.m. New York City time on the Thursday of each calendar week following the week in which the Petition Date occurs (each such Thursday, a “Variance Report Date”) commencing with June 25, 2020, a line-item by line-item variance report (each, a “Variance Report”) setting forth, in reasonable detail: (x) the actual receipts and operating disbursements (including any professional fees) for each line item in the Approved DIP Budget for the week ending on the most recent Friday (and, in the case of the first such report, the week in which the Petition Date occurs), (y) any differences between such actual amounts for each line item in the Approved DIP Budget for such period versus projected amounts set forth in the Approved DIP Budget for such period for each line item included in the Approved DIP Budget for such period and on a cumulative basis for the period from the beginning of the week in which the Petition Date occurs through the end of such period (such cumulative report to be prepared by aggregating the variances set forth in each Variance Report) and (z) the computations necessary to determine compliance with Section 6.09 together with a statement from a Financial Officer certifying the information contained in the report. The Variance Report shall also provide a reasonably detailed explanation for any variance in such Variance Report in excess of 5.0% in actual receipts or operating disbursements for each such line item during the Variance Testing Period as compared to projections for such line items during the Variance Testing Period as set forth in the Approved DIP Budget for such period.
Variance Reports. Any variance report furnished by the Borrower pursuant to subsection 4.2(A)(1)(b) shows either (i) a negative variance of cumulative actual aggregate disbursements from the Projected Aggregate Disbursements set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 of greater than $2,500,000 in the aggregate, or (ii) a negative variance of cumulative actual aggregate collections from the Projected Aggregate Collections set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 of greater than $2,500,000 in the aggregate, unless, with respect to clauses (i) and (ii) above, a negative variance of cumulative actual net cash flow before borrowings from the Projected Net Cash Flow Before Borrowings set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 is less than $2,500,000; or
Variance Reports. As soon as available, but in any event no later than the third Business Day of each calendar week (commencing with the calendar week ending February 13, 2016), deliver to the Administrative Agent for further distribution to each Lender and the advisors to the Lenders a Variance Report for the applicable Test Period as of the end of the immediately preceding calendar week;
Variance Reports. As soon as possible, but in any event within fifteen (15) days after the end of each Fiscal Month, deliver to the Agent a report prepared in a manner consistent with the Projections and otherwise in form and substance acceptable to the Agent, that compares the financial performance of the Borrowers set forth in the Projections against the actual financial performance for such corresponding periods, with such performance figures compared on both a monthly and year-to-date basis.
Variance Reports. If the Administrative Agent requests a Proposed 13-Week Budget in accordance with Section 8.04, the Borrower shall furnish to the Administrative Agent and Lenders concurrently with the delivery of each Proposed 13-week Budget pursuant to Section 8.04, a 13-Week Budget Variance Report for the immediately preceding calendar month setting forth the actual and budgeted results for such calendar month by line item in the Approved 13-Week Budget. Each such report shall be certified by the sole director, president or Trustee of the Borrower as being prepared in good faith and fairly presenting in all material respects the information set forth therein. At the request of the Administrative Agent, the Borrower shall make its trustee or financial advisor (if any) available via teleconference to provide a reasonably detailed explanation to such Administrative Agent and the Lenders of any material variances.
Variance Reports as soon as available and in any event no later than the fifteenth (15th) day after the last day of each calendar month, Company shall deliver to Agent a Variance Report for the four week period ending on or prior to the last day of such calendar month;
Variance Reports. CERTIFICATIONS. Each of the financial statements and other reports described in this SECTION 1.1 shall be accompanied by a report of the Chief Financial Officer, Chief Accounting Officer or Controller of the Company explaining any material variances in such financial statement or report from the Company's operating plan and budget for the quarter covered and stating that such financial statement or report fairly presents the financial position and financial results of the Company for the period covered.