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Disbursements Variance definition

Disbursements Variance has the meaning set forth in Section 5.2(b).
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Disbursements Variance as defined in Section 10.1.12.
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Disbursements Variance has the meaning ascribed to such term in Section 5.15(e).
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Examples of Disbursements Variance in a sentence

  • For the avoidance of doubt, the Disbursements Variance shall not include any amounts in the Budget related to professional fees, utility deposits or adequate assurance payments.

  • Obligors shall not permit or cause, for any Performance Period, (i) the Receipts Variance to exceed twenty-five percent (25%) (as compared to budget) or (ii) the Disbursements Variance to exceed 20% (as compared to budget).

  • Actual Budgetary Basis ExpendituresAppropriation Actual Fund Type Authority Disbursements Variance General$ 59,367$ 82,573$ (23,206)Special Revenue19,20015,8603,340Debt Service02,633(2,633)Capital Projects0203,328(203,328)Enterprise 162,300 167,858 (5,558)Total $ 240,867 $ 472,252 $ (231,385) 2002 Budgeted vs.

  • Actual Budgetary Basis DisbursementsAppropriation BudgetaryFund Type Authority Disbursements Variance General $545,400 $403,804 $141,596 2014 Budgeted vs.

  • Actual Budgetary Basis Disbursements Fund Type Appropriation Authority Budgetary Disbursements Variance General$ 462,700$ 311,570$ 151,130Special Revenue134,00079,29954,701Enterprise900,500742,694157,806 2010 Budgeted vs.

  • Commencing with the third Variance Report, the Loan Parties shall not permit the Sales Variance, Receipts Variance, the Disbursements Variance or the Professional Fee Variance with respect to any Applicable Period to exceed the Permitted Variance.

  • Actual Budgetary Basis DisbursementsAppropriation BudgetaryFund Type Authority Disbursements Variance General$208,010$174,103$33,907Special Revenue1,232,392642,840589,552Capital Projects190,000190,0000Permanent 7 0 7Total $1,630,409 $1,006,943 $623,466 2014 Budgeted vs.

  • Actual Budgetary Basis Disbursements Appropriation BudgetaryFund Type Authority Disbursements Variance General$ 573,593$ 466,086$ 107,507Special Revenue1,337,8131,150,054187,759Capital Projects 562,500 116,683 445,817 Total $ 2,473,906 $ 1,732,823 $ 741,083 2012 Budget vs Actual Receipts Budgeted ActualFund Type Receipts Receipts Variance General$ 369,450FRANKLIN TOWNSHIP PORTAGE COUNTYNOTES TO THE FINANCIAL STATEMENTSFOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 3.

  • Actual Budgetary Basis DisbursementsAppropriation Budgetary Fund Type Authority Disbursements Variance General $1,000,350 $987,309 $13,041 2014 Budgeted vs.

  • Actual Budgetary Basis DisbursementsAppropriation Budgetary Fund Type Authority Disbursements Variance General $0 $232,774 ($232,774) Special Revenue 0 184,017 (184,017)Total $0 $416,791 ($416,791) 2012 Budgeted vs.


More Definitions of Disbursements Variance

Disbursements Variance has the meaning ascribed to such term in Section 8.3(b). “Disqualified Equity Interest” means any Equity Interest that, by its terms (or by the terms of any security of other Equity Interest into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is six months after the Maturity Date, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interest referred to in clause (a) above, in each case at any time prior to six months after the Maturity Date, (c) contains any repurchase obligation that may come into effect prior to payment in full of all Obligations, (d) requires cash dividend payments prior to six months after the Maturity Date, (e) provides the holders of such Equity Interest thereof with any rights to receive any cash upon the occurrence of a change of control prior to six months after the date on which the Obligations have been irrevocably paid in full, unless the rights to receive such cash are contingent upon the Obligations being irrevocably paid in full, or (f) is prohibited by the terms of this Agreement. “Division” means an action or series of actions taken under Applicable Law pursuant to which a limited liability company divides itself into two or more limited liability companies and allocates its assets among the resulting limited liability companies. “Dollar” and “$” means freely transferable United States dollars. “Domestic Subsidiary” means a Subsidiary incorporated or organized under the laws of the United States of America, any state thereof or the District of Columbia. “EBITDA” means, for any period, the sum of (a) Net Income (or Net Loss) for such period, plus (b) the interest expense for such period, plus (c) the provision for income taxes allocable to such period, plus (d) any depreciation or amortization expenses incurred in determining Net Income (or Net Loss) for such period. “Eligible Accounts” means all accounts of Ittella which are deemed by Lender in the exercise of its sole and absolute discretion to be eligible for inclusion in the calculation of the Borrowing Base. In no event shall Eligible Accounts include...
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Disbursements Variance means, for any Measuring Period, the numerical amount by which total disbursements for such Measuring Period are greater than total disbursements, respectively, on a Line Item by Line Item Basis, for such Measuring Period as set out in the Budget for the then applicable week and on a cumulative basis for such Measuring Period; provided, however, the calculation of the Disbursements Variance shall not include any amounts in the Budget related to professional fees.
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Disbursements Variance means, for any Test Period, the numerical difference between total disbursements for such period to total disbursements for such period as set forth in the DIP Budget then in effect on a rolling two-week and cumulative basis and, to the extent the difference is a positive number, the percentage such difference is of the cumulative budgeted amount for disbursements for such period.
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Related to Disbursements Variance

  • Permitted Variance has the meaning given in Section 6.15.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Disbursement is defined in Section 2.6.2.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • CREFC® Advance Recovery Report A monthly report substantially in the form of, and containing the information called for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Funds Flow Statement means a funds flow statement in agreed form.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.

  • Disbursement Date is defined in Section 2.6.2.

  • DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

Most Referenced Clauses

Most Referenced Definitions