Budget Variance definition

Budget Variance as defined in Section 10.1.12.
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Budget Variance has the meaning contemplated in section 4.7;
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Budget Variance means the percentage deviation for all operating expenditure line items during any Testing Period, in the aggregate, of the amount set forth in the DIP Budget for all operating expenditure line items for such Testing Period; provided that (i) any payments made from Unencumbered Cash (as defined in the DIPFinal Order) and (ii) professional fees and expenses of the Loan Parties, the Prepetition Agent, the Prepetition Debt Holders and the Lender Parties shall be excluded for purposes of determining compliance with the DIP Budget.
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Examples of Budget Variance in a sentence

  • Budget Variance = Actual Total Revenues ÷ Projected Total Revenues in the Charter School’s Board- Approved Budget The budget variance depicts actual versus projected incoming revenues for a fiscal year.

  • Budget Variance = Actual Total Revenues ÷ Projected Total Revenues in the Charter School’s Board-Approved Budget The budget variance depicts actual versus projected incoming revenues for a fiscal year.

  • Budget Variance Report showing the actual expenses versus the budget for the current period and year-to-date.

  • The estimated Budget Variance savings is projected to be $95,754 per year.

  • The City shall generate monthly budget reports within 10 business days of receipt of properly formatted data documenting the expenses and revenues for the previous month (period actual), YTD actual, Annual Budget, Variance, and percentage of Budget expended.

  • The Lender may approve or disapprove of such Budget Variance Report in the Lender’s discretion, but the Lender’s approval shall not be unreasonably withheld.

  • Each Budget Variance Report shall include the details of such reallocation, modification, amendment or supplement.

  • The Company shall be in compliance with (i) the Interim Order, which shall have been entered no later than five (5) days after the Petition Date and (ii) the Approved Budget (subject to the Approved Budget Variance Report).

  • Permit the following results in the Approved Budget Variance Report to vary by more than ten percent (10%) from the applicable results projected in the applicable Approved Budget with respect to the Cumulative Periods (except to the extent such actual results are more favorable): receipts, disbursements, cash-on-hand, professional fees (excluding the Agent’s professional fees) and expenses, Availability and aggregate Outstanding Amount of the Loans.

  • The Contractor shall prepare and submit to the State on a monthly basis the following reports: Management, Operating Statement, Budget Variance Analysis, Itemized Invoice Requesting Payment, Copies of all invoices paid or for services rendered, Accident/Injury/Damage Claims, Revenue, and Preventative Maintenance Activities (Scheduled versus Performed).

Related to Budget Variance

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Permitted Variance has the meaning given in Section 6.15.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.

  • Business Plan means the information required to be supplied to the

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Budget Act means an act containing appropriations which form a portion of the state's annual budget.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • financial recovery plan means a plan prepared in terms of section 141 of the MFMA

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Treatability study means a study in which a hazardous waste is subjected to a treatment process to determine: (1) Whether the waste is amenable to the treatment process, (2) what pretreatment (if any) is required, (3) the optimal process conditions needed to achieve the desired treatment, (4) the efficiency of a treatment process for a specific waste or wastes, or (5) the characteristics and volumes of residuals from a particular treatment process. Also included in this definition for the purpose of the § 261.4 (e) and (f) exemptions are liner compatibility, corrosion, and other material compatibility studies and toxicological and health effects studies. A “treatability study” is not a means to commercially treat or dispose of hazardous waste.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • FLEX means the Federation Licensing Examination, a licensure examination used in the past that was approved by the board for graduates with a medical degree.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • service delivery and budget implementation plan means a detailed plan approved by the executive mayor of a municipality in terms of section 53(l)(c)(ii) of the MFMA for implementing the municipality's delivery of municipal services and its annual budget, and which must indicate

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).