Permitted Deviation definition

Permitted Deviation means any payment which does not exceed by more than twenty percent (20%) the amount set forth in the Approved Budget for the applicable line item, provided that the aggregate amount of such payments on an annual basis shall not exceed ten percent (10%) of the total amount of operating expenses set forth in the Approved Budget.

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Permitted Deviation means 15%.

Permitted Deviation means (a) when used in respect of any one line item of the Sources and Uses, any positive or negative difference of 25% and (b) when used in respect of any Approved Budget, a percentage to be agreed in good faith by the Borrower, the Agent and the Required Lenders in connection with the approval of the Initial Budget.

Examples of Permitted Deviation in a sentence

• Default Value Permitted Deviation Guaranteed temperature 25o Celsius +/- 2o Celsius (23-27).

• Unless otherwise determined by the Executive Committee, the Company, the Property and the Owner shall each be operated in strict accordance with the Business Plan (including the Annual Budget), and any determination to deviate therefrom in any respect shall require the approval of the Members as provided elsewhere in this Agreement, unless such deviation is a Permitted Deviation.

• The proceeds of each Borrowing hereunder shall be used in accordance with the expenditure line items of the Budget (after giving effect to any Permitted Deviation therefrom) (a) to pay transactional fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents and the transactions contemplated hereby and thereby and (b) for general corporate purposes, including the funding of capital expenditures and working capital.

• Notwithstanding the foregoing, each transaction permitted under this Section 6.12 must be made in accordance with the Budget (after giving effect to any Permitted Deviation therefrom).

• Proceeds of Loans, and any of the Borrower’s cash on hand, may be used by the Borrower in any Budget Period only in the amounts and for the expenditures set forth in the Budget for such Budget Period, subject to any Permitted Deviation.

More Definitions of Permitted Deviation

Permitted Deviation means the greater of $200,000 and 15%.

Permitted Deviation means, in the case of costs and expenses set forth in the Annual Budget, the incurrence of amounts that exceed any Category by an amount that is five percent (5%) or less (for the Categories described in clauses (i), (ii) and (iii) of the definition thereof) and the sale or lease of the Property or any portions thereof at a price or rents, as applicable, no less than 95% of the price set forth in the Business Plan (for the Category described in clause (iv) of the definition thereof), in each case, for any Fiscal Year.

Permitted Deviation means deviations from or changes to the Approved Plan to accommodate marketing, tenant requirements or building conditions that (a) if made prior to Planning Board approval of the Redevelopment Project, or portion thereof, (i) have been approved by the Agency’s Executive Director, which approval shall not be unreasonably withheld, (ii) do not have a material, adverse effect on the overall Redevelopment Project to either the Redeveloper or the Agency and (iii) are consistent with the Redevelopment Plan; (b) if made after Planning Board approval of the Redevelopment Project, or portion thereof, are consistent with the Redevelopment Plan and are approved administratively or through the formal Planning Board application process; or (c) may be required by any other Governmental Authority in connection with Governmental Approvals necessary for the Redevelopment Project; provided, however, that such deviations or changes are consistent with the Redevelopment Plan.

Permitted Deviation means, with respect to any line item in the Budget, any deviation therefrom that would not cause a Material Adverse Deviation.

Permitted Deviation means any deviation from the Business Plan except (i) a Non-Permitted Deviation, (ii) a Reserved Matter, or (iii) other matter requiring the consent of the GoS or the Board hereunder;

Permitted Deviation means the Net Cash Flow Permitted Deviation or the Operating Disbursement Permitted Deviation.

Permitted Deviation means (i) prior to the 4 month anniversary of the Interim Bankruptcy Court Order Entry Date, 20%, and (ii) thereafter, 25%.