Examples of Approved Budget Variance Report in a sentence
On or before Wednesday of each week, the Debtors shall deliver to the DIP Agent and the Co-Administrative Agent an Approved Budget Variance Report (with delivery of the same to the U.S. Trustee, the Prepetition ABL Agent, the Prepetition Term Loan Agent and the Committee each week after delivery to the DIP Agent).
Each of the foregoing covenants shall be tested for the applicable period ending as of each Saturday (such testing commencing for the three (3) full week period after the Petition Date) on a cumulative basis from the Petition Date until the period ending on the six (6) full week period after the Petition Date and thereafter on a rolling six (6) week basis, pursuant to the Approved Budget Variance Report delivered by the Lead Borrower to the Agent in accordance with Section 6.01(e).
AFFIRMATIVE COVENANTS 656.01 Approved Budget; Approved Budget Variance Report 656.02 Certificates; Other Information 666.03 Notices 676.04 Payment of Obligations 686.05 Preservation of Existence, Etc 686.06 Maintenance of Properties 696.07 Maintenance of Insurance 696.08 Compliance with Laws 706.09 Books and Records; Accountants.
The Approved Budget Variance Report shall include an indication as to whether each variance is temporary or permanent, along with an analysis and an explanation for any material variances.
Variance Covenant Bankruptcy Rule 4001(c)(l)(B) Approved Budget Variance Report.