Variance Report. On October 14, 2009, and on each Wednesday thereafter, furnish to the Administrative Agent for prompt further distribution to each Lender a variance report (the “Variance Report”) setting forth actual cash receipts and disbursements of the Borrower and its Subsidiaries for the prior week ending on the previous Friday and setting forth all the variances, on a line-item basis, from the amount set forth for such week in (i) the most recent DIP Forecast and (ii) the most recent DIP Budget delivered by the Borrower; each such report shall include explanations for all material variances and shall be certified by the chief financial officer of the Borrower.
Variance Report. On a weekly basis commencing with the last Business Day of each calendar week ending the week following the Closing Date, a variance report (a “Variance Report”) certified by the chief financial officer of Borrower, in form reasonably acceptable to the Administrative Agent and the Required Lenders, setting forth (i) the actual Aggregate Cumulative Net Cash Flow for such immediately preceding calendar week on a line-item basis, (ii) the variance in dollar amounts of the Aggregate Cumulative Net Cash Flow for each 4-week period (or, to the extent less than 4-weeks have elapsed since the Closing Date, such shorter period of time) from those reflected for the corresponding period in the then applicable Approved Budget and (iii) the variance in dollar amounts of the actual expenditures and disbursements in respect of professional fees for each 4-week period (or, to the extent less than 4-weeks have elapsed since the Closing Date, such shorter period of time) from those reflected for the corresponding period in the then applicable Approved Budget.
Variance Report. Not later than 12:00 p.m. Central Time on Thursday (or, if such Thursday is not a Business Day, not later than 12:00 p.m. Central Time on the immediately succeeding Business Day) (or such later date as may be agreed to by the Administrative Agent in its sole discretion) of each week commencing with the Thursday after the first full four calendar weeks following the Petition Date and on a weekly basis thereafter (each, a “Report Date”), a certificate which shall include a weekly variance report certified by a Responsible Officer, which variance report shall measure performance for all actual disbursements made (A) with respect to the first Report Date, during the period from and including the Petition Date through and including the Friday ending immediately prior to the first Report Date and (B) with respect to each Report Date thereafter, the prior four weeks ending on the Friday immediately preceding such Report Date (the periods described in the foregoing clauses (A) or (B), as applicable, the “Test Period”) on a rolling basis against the amount budgeted therefor in the DIP Budget, shall include calculations showing any discrepancies between anticipated and actual receipts, shall include calculations that demonstrate whether the Credit Parties are in compliance with Section 9.01(a) (for the avoidance of doubt, compliance with Section 9.01(a) shall be tested daily, but reported in the variance report) and Section 9.01(b), shall provide for disbursements and receipts items to be broken out as line items, but for the avoidance of doubt (other than those disbursements tested pursuant to Section 9.01(b)) shall not be tested.
Variance Report. Furnish Agent, weekly (no later than Friday of each week (or, if Friday is not a Business Day, on the next succeeding Business Day)), (a) commencing with the first full week after the first Cash Flow Forecast required pursuant to Section 9.20 has been received, a variance report comparing the actual cash receipts and cash disbursements for the prior week to the forecasted results for such week as set forth in the most recently received Cash Flow Forecast and (b) a variance report comparing the quarterly revenue forecast from the most recently received Weekly Information Report to the quarterly revenue forecast from the immediately preceding Weekly Information Report.
Variance Report. The Borrower shall deliver to the DIP Lender by 4:00 p.m. (prevailing Eastern Time) on the third Business Day of each calendar week (provided that the reconciliations set forth in (2) below shall be delivered beginning on the third Business Day after completion of the first two calendar weeks after the Petition Date), each in a form and substance reasonably satisfactory to the DIP Lender (1) then current cash balance calculations as of the immediately preceding Friday, and (2) cash flow reconciliations showing actual payments versus Budget items for prior periods ended; provided, however, that the Borrower may, in its discretion, request that the DIP Lender approve an update, amendment or modification of the Budget and, such update, amendment or modification shall become effective as the “Approved Budget” upon the DIP Lender’s consent in writing thereto, in its reasonable discretion. Subject to Permitted Variances, the Debtor’s actual total cash disbursements (excluding fees and expenses of third-party professionals engaged by or for the benefit of the Debtor or the DIP Lender) and gross receipts shall be adhered to, each on a cumulative basis, for the Budget period then ending.
Variance Report. No later than the Thursday of each week, commencing with the first such date following the Closing Date, a variance report with respect to the Weekly Budget, showing on a line-by-line basis actual receipts and disbursements and the total available cash for the last day of the prior week for the cumulative period since the Closing Date and noting therein all cumulative variances on a line-by-line basis from the amounts in the Weekly Budget (the “Variance Report”). The Variance Report shall include explanations for all material variances and shall be certified by the chief financial officer of Borrower;
Variance Report. 1995 and YTD November 1996.
Variance Report. The Borrower will furnish to the Administrative Agent and to the Commitment Parties and the Lenders who have signed a non-disclosure agreement:
Variance Report. Not later than 7:00 p.m. (New York City time) on the Wednesday of each week (or if such day is not a Business Day, the next succeeding Business Day) commencing after the Closing Date, a comparison of each line item set forth in the Approved Budget for the week most recently ended on the previous Friday against the actual performance for such week with respect to each line item, including actual cash receipts, disbursements and total available liquidity (and on a cumulative basis from the Closing Date to the date of such report), substantially in the form of Exhibit H (a “Variance Report”), in each case with written explanations of material variances, in form and substance reasonably satisfactory to Administrative Agent and certified by a chief financial officer of Borrower that such Variance Report has been prepared in good faith;
Variance Report. If requested by SEI, PSP VI shall furnish SEI with a report, within a reasonable period following the request setting forth on a Property by Property basis the variance, if any, between any actual cost incurred in the prior month and in the year to date from the estimated cost set forth in any budget for such year provided to SEI in accordance with Section 15.11.
