Material Variance definition

Material Variance shall have the meaning specified in Section 3.5 of this Agreement.

Material Variance is defined in Section 7.1 of the Company LLC Agreement.

Material Variance means a determination by PMI that the risk factors identified in the actual Loan file for a specific Loan and the layering of these risk factors are materially different than the risk factors for that Loan identified in the Set-up file such that had the actual risk factors been identified in the Set-up File, the Loan would not have been an Eligible Loan, or the premium rate would have been more than 5% higher than the premium rate assigned to the Loan in the Certificate Schedule.

Examples of Material Variance in a sentence

• Material Variance Financial ImplicationsThe Financial Activity Statements reflect the financial situation of the Shire as at year to date.

• Material Variance Threshold For the purpose of identifying material variances in Statements of Financial Activity, Financial Management Regulation 34(5) requires Council to adopt each financial year, a percentage or value calculated in accordance with Australian Accounting Standard AAS5 - Materiality.

• Material Variance FINANCIAL IMPLICATIONSThe Financial Activity Statements reflect the financial situation of the Shire as at year to date.

• Policy Implications2.1 Capitalisation of Assets2.4 Material Variance Financial ImplicationsPayments from Council’s Municipal Account as disclosed in the budget or subsequently approved.

• Material Variance Threshold For the purpose of identifying material variances in Statements of Financial Activity, Regulation 34(5) requires Council to adopt each financial year, a percentage or value calculated in accordance with Australian Accounting Standard AAS5 - Materiality.

More Definitions of Material Variance

Material Variance has the meaning ascribed to such term in Section 4.03 of this Agreement.

Material Variance means a difference of 10% or more in the adjusted EBITDA of the Group as set out in the Reconciliation Statement;

Material Variance shall have the meaning assigned thereto in Section 7.1(b). “New Contracts” shall have the meaning assigned thereto in Section 3.3(b). “New Lease” shall have the meaning assigned thereto in Section 11.6.

Material Variance means, with respect to any rolling two year period, a negative variance of more than 5% per annum of the annual rate of return of the Accounts measured against the Risk Management Benchmark for that same period. The parties agree that (a) for purposes of calculating the annual rate of return for the one year period ending as of the calendar quarter ending immediately prior to the Closing, such annual rate of return shall be deemed to equal the Risk Management Benchmark for such period, (b) for the purposes of determining the annual rate of return for the Accounts and the Risk Management Benchmark, the annual rate of return and Risk Management Benchmark shall not include any portion thereof attributable to (i) Excluded Assets, (ii) any portion of an Account comprised of limited partnerships or (iii) any action taken or not taken as a result of instructions by, or restrictions and practices of, the Client; provided, that, for the purpose of this sub-paragraph (iii), the rate of return applicable to the class of asset to which any such instruction, restriction or practice applies shall be deemed to equal the Risk Management Benchmark for the duration of such exclusion.

Material Variance means a variance exceeding ±10% in total income, total operating expenses, total net profit, capital expenditure, total assets, borrowings and other liabilities;

Material Variance shall have the meaning set forth in Section 8.01(b)(3)(C)(ii) of this Agreement. Credit Agreement

Material Variance means, with respect to any line item in the Annual Business Plan for any period, a variance with respect thereto equal to the greater of 5% of the budgeted amount therefor and $20,000.