Permitted Deviations definition
Examples of Permitted Deviations in a sentence
Notwithstanding the foregoing, in no event shall any Loan Party make any Investment which results in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the terms of both Section 7.5 and the Budget (subject to Permitted Deviations).
The proceeds of the Loans made to the Borrower shall be applied to fund the Project Expenses to pay fees and expenses incurred in connection with the transactions contemplated hereby, and for general corporate and working capital needs of the Borrower in accordance with the Development Budget subject to Permitted Deviations.
Borrower shall not deviate from the Development Budget, or line item therein, and Plans and Specifications for the Project as approved by Agent in any respect, or issue (accept or agree to) any Change Orders, other than Permitted Deviations and Permitted Construction Change Orders, without the prior written consent of Agent.
The Borrower shall conduct the operations and maintenance of the Project in accordance, in all material respects, with the Financing Documents and the Major Project Documents, the Project Plans (subject to Permitted Deviations), Applicable Law, any applicable Required Approvals, and Prudent Industry Practice.
Section 6.01 HLTH Permitted Deviations from Ordinary Course WEBMD DISCLOSURE SCHEDULE Section 5.01(b) WebMD Subsidiaries Section 6.02 WebMD Permitted Deviations from Ordinary Course AGREEMENT AND PLAN OF MERGER, dated as of June 17, 2009 (this “Agreement”), between WEBMD HEALTH CORP., a Delaware corporation (“WebMD”), and HLTH CORPORATION, a Delaware corporation (“HLTH”).
In addition to the Permitted Deviations, the Redeveloper may seek variances under the Redevelopment Plan as the Redeveloper deems necessary for the Redevelopment Project as permitted by the Redevelopment Plan.
The Redevelopment Project shall be designed and constructed by the Redeveloper in accordance with the Redevelopment Plan, as same may be amended to provide for the Redevelopment Project to be consistent with the Concept Plan, and the Governmental Approvals obtained by the Redeveloper, subject to Redeveloper’s right to make Permitted Deviations in accordance with the terms of the Agreement.
Each month, the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, a fee, if any, equal to the product of (x) .05% of the aggregate sum of all outstanding Loans and LC Exposure and (y) the number of Targeted Line-Items that exceed their respective Permitted Deviations in any given month minus 1.
In addition to the foregoing, the Redeveloper shall have the right to make Permitted Deviations to the Approved Plan without the consent of the Agency.