Permitted Variation means, in relation to any Mortgage Asset, any amendment or variation to the Material Terms of the relevant Mortgage Asset Agreement where following such amendment:
Permitted Variation means, in relation to any Assigned Right, any amendment or variation to the Material Terms of the relevant Receivables Contract where following such amendment:
Permitted Variation means any variation in the terms of the Securities of a series which, pursuant to Section 3.01(7) or Section 3.01(22), are permitted to be made by the Issuer under circumstances specified pursuant to Section 3.01(7) or Section 3.01(22).
Examples of Permitted Variation in a sentence
Notice of a Permitted Variation shall be given in the manner provided in Section 1.06 not less than 30 nor more than 60 days prior to the date fixed for such variation to become effective to each Holder of Securities of such series.
If so specified with respect to the Securities of a series pursuant to Section 3.01, the terms of such Securities shall be subject to a Permitted Variation in accordance with their terms and this Section 11.12.
Unless otherwise provided under Section 3.01 with respect to any series of Securities, the election of the Issuer to enter into a Permitted Variation with respect to any Securities shall be evidenced by or pursuant to a Board Resolution.
Permitted Variation 62 ARTICLE TWELVE SINKING FUNDS Section 12.01.
More Definitions of Permitted Variation
Permitted Variation means any variation or amendment agreed within the scope of the Originator’s and Servicer’s usual origination and servicing procedures relating to a Material Term of a Mortgage Asset Agreement other than anamendment which causes the maturity of such Mortgage Asset Agreement to fall later than three years prior to the Final Legal Maturity Date.
Permitted Variation means any variation or amendment to the Material Terms of a Loan under which (a) the interest spread payable under such amended Mortgage Backed Credit is not reduced by more than 0.5 per cent., and (b) the maturity of such Mortgage Backed Credit is not amended so as to fall within the last 3 years prior to the Final Legal Maturity Date, provided that, no variation or amendment to an Increasing Instalments Mortgage Backed Credit is permitted until no scheduled increases in the instalment payments due thereunder remain to be made, notwithstanding fluctuations in interest rates.
Permitted Variation means any of the following kinds of variations to this agreement:
Permitted Variation means any variation in the terms of the Debt Securities of a series which, pursuant to Section 3.01(5) or Section 3.01(23), are permitted to be made by the Company under circumstances specified pursuant to Section 3.01(5) or Section 3.01(23).
Permitted Variation means, in respect of a Lease Agreement and/or the Credit and Collection Procedures, a change to the terms and conditions of that Lease Agreement and/or the Credit and Collection Procedures which:
Permitted Variation means a tie Change, a Small Works Change, an Accommodation Works Change, an Infraco Change, a Mandatory tie Change and/or a Notified Departure which has been authorised to proceed in accordance with the provisions of this Agreement;
Permitted Variation means, in relation to any Mortgage Asset, any amendment, waiver or variation to the Material Terms of the relevant Mortgage Asset Agreement, subject to the following limitations: