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.

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

• Construction work is only permitted during the following hours: Monday-Friday 7 am to 6 pmSaturday 9 am to 5 pmSunday No Work Permitted Deviation from the standard working hours may be requested in writing with specific alternate work hours, the reason those hours are needed, and is subject to approval by the City Manager.

• 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.

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

• The First Lien Agent may, in its sole discretion, agree in writing to the use of the Cash Collateral in a manner or amount which does not conform to the manner or amount, as applicable, set forth in the Budget (including, for the avoidance of doubt, after giving effect to the Permitted Deviation) (each such approved non-conforming use of Cash Collateral, a “Non-Conforming Use”).

• The Contractor will be authorized to proceed upon receipt of the Request for Waiver or Permitted Deviation form signed by the Contracting Authority.

More Definitions of Permitted Deviation

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 the greater of $200,000 and 15%.

Permitted Deviation means any deviation from any line item in the Budget that is not a Material Adverse Deviation.

Permitted Deviation means deviations from or changes to the Concept 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 disbursement line item of the Approved Budget for any Budget Period, 10.0% and, with respect to the aggregate disbursements under the Approved Budget for any Budget Period, 5.0%; provided that any amounts not used in any Budget Period for a particular disbursement line item shall roll forward and be included in the amounts budgeted for the following Budget Period only for such disbursement line item.

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%.