Permitted Deviation definition

Permitted Deviation means any payment which does not exceed by more than the greater of twenty percent (20%) of the amount set forth in the Approved Budget for the applicable line item, provided that the aggregate amount of such payments on an annual basis shall not exceed ten percent (10%) of the total amount of operating expenses set forth in the Approved Budget.
Permitted Deviation means 15%.
Permitted Deviation means (a) when used in respect of any one line item of the Sources and Uses, any positive or negative difference of 25% and (b) when used in respect of any Approved Budget, a percentage to be agreed in good faith by the Borrower, the Agent and the Required Lenders in connection with the approval of the Initial Budget.

Examples of Permitted Deviation in a sentence

  • Construction work is only permitted during the following hours: Monday-Friday 7 am to 6 pmSaturday 9 am to 5 pmSunday No Work Permitted Deviation from the standard working hours may be requested in writing with specific alternate work hours, the reason those hours are needed, and is subject to approval by the City Manager.

  • The Parties acknowledge and agree that in no event shall the Seller be considered to be in breach of its obligations in respect of the delivery of the Goods concerning any quantity deviation below the Permitted Deviation and the Buyer shall not be entitled to claim any losses, or liquidated damages, or any other claims resulting from such deviation.

  • The Parties acknowledge and agree that in no event shall the Seller be considered to be in breach of its obligations in respect of the delivery of the Goods concerning any quantity deviation below the Permitted Deviation and the Buyer shall not be entitled to claim any losses, or liquidated damages, or any other claims resulting from such deviation .

  • The Parties acknowledge and agree that in no event shall Seller be considered to be in breach of its obligations in respect of the delivery of the Goods in the quantity under the Contract and Buyer shall not be entitled to claim any losses, or liquidated damages, or any other claims concerning any quantity deviation below the Permitted Deviation.

  • The Parties acknowledge and agree that in no event shall Seller be considered to be in breach of its obligations in respect of the delivery of the Goods in the quantity under the Contract and Buyer shall not be entitled to claim any losses or liquidated damages, or any other claims concerning any quantity deviation below the Permitted Deviation.


More Definitions of Permitted Deviation

Permitted Deviation means the greater of $200,000 and 15%.
Permitted Deviation means, with respect to any line item in the Budget, any deviation therefrom that would not cause a Material Adverse Deviation.
Permitted Deviation means, with respect to any disbursement line item of the Approved Budget for any Budget Period, 10.0% and, with respect to the aggregate disbursements under the Approved Budget for any Budget Period, 5.0%; provided that any amounts not used in any Budget Period for a particular disbursement line item shall roll forward and be included in the amounts budgeted for the following Budget Period only for such disbursement line item.
Permitted Deviation means any deviation from the Business Plan except (i) a Non-Permitted Deviation, (ii) a Reserved Matter, or (iii) other matter requiring the consent of the GoS or the Board hereunder;
Permitted Deviation means, for any weekly period set forth in the Budget, an adverse deviation in any line item not in excess of the amount permitted by Section 6.7.
Permitted Deviation means any adjustment to, or deviation from, the terms of the Reference Business Plan, that, taking into account, on a pro forma basis, the effects on the perimeter of the Group Companies deriving from any M&A transaction (to the extent undertaken in compliance with and in accordance with these By-laws) occurred over time, result in deviations falling within the following thresholds:
Permitted Deviation means, with respect to each Variance Test, a variance equal to orless than 25%.