Material Deviation definition
Examples of Material Deviation in a sentence
Borrower shall notify Lender as promptly as practicable with respect to any Material Deviation, and any emergency expenditure made with respect to any Individual Property.
Similarly, Developer shall submit to PM any request for a Material Deviation, together with such supporting information as reasonably required by PM.
Temporary authorization for changes may be given through a McDATA Material Deviation Request form.
A Material Deviation shall mean a deviation from Design Standards and Specifications that if implemented: (A) has an aggregate cost impact (increase or decrease) that exceeds $100 million, (B) would require further environmental evaluation or reevaluation of the Project, or (C) has a schedule impact of 60 calendar days or more (computed as the total of all schedule increases and savings created by a deviation).
Notwithstanding the foregoing, due to the imprecise ability to measure "gaming floor area," City and EDC agree that if in good faith the Developer measures its gaming floor area in a manner that differs from City's measurement of gaming floor area by ten percent (10%) or less, such variance shall not be considered a Material Deviation.