Permitted Variances definition

Permitted Variances has the meaning assigned to it in Section 5.17.

Permitted Variances shall have the meaning assigned to such term in Section 6.22.

Permitted Variances has the meaning specified in Section 7(d) of this Agreement.

Examples of Permitted Variances in a sentence

• Every other Thursday, commencing on August 8, 2024, the Permitted Variances (as defined below) shall be tested on a bi-weekly basis for the prior cumulative two-weekly period for Total Disbursements (the “Bi-Weekly Disbursement Period”) against the Approved Budget, and Total Disbursements shall not be more than 120% of the Total Disbursements in the Approved Budget for such Bi-Weekly Disbursement Period (the “Permitted Variances”).

• Permitted Variances Variance from the Approved Budget shall be tested on a bi-weekly basis for the prior cumulative two-week period for Total Disbursements (the “Bi-Weekly Disbursement Period”) against the Approved Budget, and Total Disbursements shall not be more than 120% of the Total Disbursements in the Approved Budget for such Bi- Weekly Disbursement Period (the “Permitted Variances”).

More Definitions of Permitted Variances

Permitted Variances means, in respect of any Obligor, the difference between:

Permitted Variances means the “Permitted Variances” as defined in the Financing Orders.

Permitted Variances means any variance permitted under Section 9.25 (including cash expenses and disbursements excluded for purposes of determining compliance with the Approved Budget pursuant to the proviso under Section 9.25).

Permitted Variances means, for any Applicable Period, any variance that does not result in (1) (x) the total actual disbursements for any Applicable Period being greater than 115% of what is projected in the Approved Budget for such period or (y) the total actual receipts for any Applicable Period being more than 15% less than what is projected the Approved Budget for such period or (2) greater than 105% of what is projected in the Approved Budget for restructuring/professional fees; provided that any positive variance calculated in any Applicable Period (i.e., such amounts are favorable to the level set forth in the Approved Budget) may be carried forward to subsequent Applicable Periods to offset any subsequent negative variance.

Permitted Variances has the meaning set forth in the DIP Orders.

Permitted Variances has the meaning set forth in Section 5.26(b).

Permitted Variances means, with respect to any line item on any approved Operating Budget or Capital Budget for a Property and with respect to any monthly period, a deviation that is not greater than either (i) Twenty Thousand Dollars ($20,000) or (ii) five percent (5%) of the amount shown in such line item.