Permitted Variation definition

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

• AXA Bank Belgium has also the obligation to repurchase the Loans in the event of a Variation which is a Non-Permitted Variation of such Loans (see "Relationship between AXA Bank Europe SCF and AXA Group entities – Purchase Documents – Mortgage Loan Sale Agreement - Permitted Variation and repurchase in case of Non-Permitted Variation" for details).

• 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.

• Any Permitted Variation will be reflected in a supplemental indenture entered into pursuant to Section 9.01 of this Subordinated Indenture.

• 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.

• 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.

More Definitions of Permitted Variation

Permitted Variation means any of the following kinds of variations to this agreement:

Permitted Variation means any variation or amendment agreed within the scope of the Originator‟s and Servicer‟s usual origination and servicing procedures, including variations or amendments to a Material Term of a Mortgage Asset Agreement, other than an amendment which causes the maturity of such Mortgage Asset Agreement to fall later than 5 (five) years prior to the Final Legal Maturity Date.

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 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 a variation to the Developer's Specification and/or the Base Specification proposed by the Developer and approved by the Local Authority in writing prior to the implementation of such variation; Phase means the block or number of Units (together with the associated Common Parts) in the Development specified as a phase on the Development Plan;

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(24), are permitted to be made by the Issuer under circumstances specified pursuant to Section 3.01(7) or Section 3.01(24).