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.
Appears in 4 contracts
Samples: Property Management Agreement (Lender Processing Services, Inc.), Property Management Agreement (Lender Processing Services, Inc.), Property Management Agreement (Lender Processing Services, Inc.)
