Weekly Variance Report definition

Weekly Variance Report for each calendar week, a variance report in substantially the form of Exhibit J hereto; each such report shall include explanations for all material variances against the Initial Budget, shall be certified by a Responsible Officer of the Borrower as being prepared in good faith and fairly presenting in all material respects the information set forth therein.
Sample 1Sample 2
Weekly Variance Report means a weekly report in form and substance acceptable to the Administrative Agent showing a variance for the prior four week cumulative period and the immediately preceding week of the actual performance compared to the Thirteen Week Cash Flow Statement.
Sample 1Sample 2
Weekly Variance Report shall have the meaning assigned to such term in Section 5.01(ii).
Sample 1

Examples of Weekly Variance Report in a sentence

  • Any and all amounts paid by the Debtors pursuant to this paragraph 6(h) are deemed permitted uses of Cash Collateral and not subject to the Budget, the Weekly Variance Report, or Permitted Variance.

  • Pursuant to the terms of the DIP Credit Agreement, the Debtors shall provide a Weekly Variance Report and a Monthly Variance Report, and with respect to the Monthly Variance Report, shall be in compliance with a Variance Limit on the terms and in accordance with the DIP Credit Agreement.

  • Any and all amounts paid by the Debtors pursuant to this paragraph are deemed permitted uses of Cash Collateral and not subject to the Budget, the Weekly Variance Report, or Permitted Variance.

  • Simultaneously with the delivery of the Weekly Variance Report, the DIP Borrower shall report on consolidated unrestricted book cash as of the end of the preceding week (as reported in the Weekly Variance Report), which shall not be less than $50 million.

  • The Debtors shall deliver a Weekly Variance Report to the DIP Agent by 12:00 p.m., Eastern time, on Friday of each week.


More Definitions of Weekly Variance Report

Weekly Variance Report shall have the meaning provided in Section 9.1(c)(ii).
Sample 1
Weekly Variance Report means a weekly report showing a variance for the prior four week cumulative period and the immediately preceding week of the actual performance compared to the Thirteen Week Cash Flow Statement.
Sample 1
Weekly Variance Report means, for each calendar week, a budget variance report in form and substance reasonably satisfactory to Agent; each such report
Sample 1

Related to Weekly Variance Report

  • Variance Report shall have the meaning assigned to such term in Section 5.01(g).

  • Compliance Report means, as applicable in relation to the test being conducted, a report containing the results of the Compliance Tests carried out by State Street.

  • Weekly Report means a report, in substantially the form of Exhibit IX hereto (appropriately completed), furnished by the Servicer to the Agent pursuant to clause (i) of Section 8.5.

  • Remittance Report A report prepared by the Master Servicer and delivered to the Trustee and the NIM Insurer in accordance with Section 4.04.

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • ESDM Report means the Emission Summary and Dispersion Modelling Report, dated June 12, 2009, prepared in accordance with the Procedure Document by Golder Associated Ltd. and submitted in support of the application, and includes any amendments to the ESDM Report listed in Schedule A and all up-dated ESDM Reports prepared as required by the Documentation Requirements conditions of this Certificate.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Performance Report has the meaning set out in clause 8.2;

  • Initial Engineering Report means the engineering report concerning Oil and Gas Properties of Loan Parties dated as of June 30, 2006 prepared by Netherland, Xxxxxx & Associates and XxXxxxxx & XxxXxxxxxxx.

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.

  • Engineering Report means either an Independent Engineering Report or an Internal Engineering Report.

  • Monthly Report has the meaning assigned in Section 6.01.

  • Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 8 (Management Information);

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • Benchmarking Report means the report produced by the Supplier following the Benchmark Review and as further described in this Framework Schedule 7;

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • Progress Report means the report similar in form and content to that attached hereto as Appendix III.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.