Material Variance definition

Material Variance shall have the meaning specified in Section 3.5 of this Agreement.
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Material Variance means a determination by PMI that the risk factors identified in the actual Loan file for a specific Loan and the layering of these risk factors are materially different than the risk factors for that Loan identified in the Set-up file such that had the actual risk factors been identified in the Set-up File, the Loan would not have been an Eligible Loan, or the premium rate would have been more than 5% higher than the premium rate assigned to the Loan in the Certificate Schedule.
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Material Variance means a difference of 10% or more in the adjusted EBITDA of the Group as set out in the Reconciliation Statement;
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Examples of Material Variance in a sentence

  • The Agent may deem and treat each Lender as the owner of its interests hereunder for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Agent in accordance with Section 11.3(b).

  • The Board of Adjustments will deny, approve or approve with conditions the Building Material Variance application.

  • The explanations for variances of $10,000 and 10% more are in Note 12, the Material Variance Report.

  • If a hearing officer makes the determination that the respondent has been found responsible for a violation of the Sexual Misconduct Policy, then the Hearing officer may continue with a sanction recommendation.That sanction recommendation may be made after the decision notice has been given to all parties.

  • No Material Variance Predicted Variances Carried Forward249,647450,089 4.


More Definitions of Material Variance

Material Variance is defined in Section 7.1 of the Company LLC Agreement.
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Material Variance means a variation of more than five percent (5%), calculated on a monthly basis, with respect to the financial forecasts set forth on Exhibit F.
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Material Variance shall have the meaning assigned thereto in Section 7.1(b). “New Contracts” shall have the meaning assigned thereto in Section 3.3(b). “New Lease” shall have the meaning assigned thereto in Section 11.6.
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Material Variance means a variance exceeding ±10% in total income, total operating expenses, total net profit, capital expenditure, total assets, borrowings and other liabilities;
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Material Variance shall have the meaning set forth in Section 8.01(b)(3)(C)(ii) of this Agreement. Credit Agreement
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Material Variance means a variance in excess of $40,000 with respect to the amount that the Reviewed Balance Sheet varies from the Adjusted Proforma Balance Sheet. Any variance included in the Post Closing Adjustment or in the calculation of a Material Variance must be the result of a quantifiable difference that arises not primarily as a result of differences in accounting methodologies: Seller's normal and customary practices versus Buyer's GAAP based accounting analysis. If there is a Material Variance, then Buyer shall be compensated by the Seller for the negative difference that is in excess of the Material Variance and Seller shall be compensated by Buyer for the positive difference that is in excess of the Material Variance. This difference that is in excess of the Material Variance that shall be set forth on the Adjustment Certificate together with all information necessary to support this determination.
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Material Variance has the meaning ascribed to such term in Section 4.03 of this Agreement.
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