Permitted Variances definition

Permitted Variances shall have the meaning assigned to such term in Section 6.22.

Permitted Variances has the meaning assigned to it in Section 5.17.

Permitted Variances has the meaning specified in Section 7(d) of this Agreement.

Examples of Permitted Variances in a sentence

• For the avoidance of doubt, all expenditures (including, without limitation, all Capital Expenditures) of Borrower may not exceed the expenditures set forth in the 13-Week Budget (subject to Permitted Variances) at any time.

• The following exhibits are attached to this Agreement, and made a part hereof for all purposes: Exhibit A – Legal Description of Property Exhibit B – Form of District Joinders Exhibit C – Concept Plan Exhibit D – Permitted Variances to City Development Requirements IN WITNESS WHEREOF, the undersigned parties have executed this Agreement on the dates indicated below.

• The Borrowers shall be permitted to convert amounts drawn under the Bridge Facility from Canadian dollars to U.S. dollars to the extent required by the Borrowers to fund expenditures to be made in U.S. dollars, provided that such expenditures are consistent with the Budget (subject to Permitted Variances).

• The following exhibits are attached to this Agreement, and made a part hereof for all purposes: Exhibit A - Description of the Property Exhibit B - Form of District Joinder Exhibit C - Concept Plan including Boundary Roads and Arterials Exhibit D - Roadway Cross-Section Exhibit E - Form of Consent Resolution of the City Exhibit F - Permitted Variances to City Development Requirements IN WITNESS WHEREOF, the undersigned parties have executed this Agreement on the dates indicated below.

• Notwithstanding anything to the contrary contained herein, the Borrower may not submit more than five (5) Committed Loan Notices in connection with borrowings, such Committed Loan Notices to be delivered (i) in connection with the initial borrowing on the Closing Date (if any) and (ii) in connection with the borrowings to be made (if any) thereafter in accordance with the Approved Budget (subject to the Permitted Variances) and the Final Order.

More Definitions of Permitted Variances

Permitted Variances means, in respect of any Obligor, the difference between:

Permitted Variances means the “Permitted Variances” as defined in the Financing Orders.

Permitted Variances means any variance permitted under Section 9.25 (including cash expenses and disbursements excluded for purposes of determining compliance with the Approved Budget pursuant to the proviso under Section 9.25).

Permitted Variances means, for any Applicable Period, any variance that does not result in (1) (x) the total actual disbursements for any Applicable Period being greater than 115% of what is projected in the Approved Budget for such period or (y) the total actual receipts for any Applicable Period being more than 15% less than what is projected the Approved Budget for such period or (2) greater than 105% of what is projected in the Approved Budget for restructuring/professional fees; provided that any positive variance calculated in any Applicable Period (i.e., such amounts are favorable to the level set forth in the Approved Budget) may be carried forward to subsequent Applicable Periods to offset any subsequent negative variance.

Permitted Variances has the meaning set forth in the DIP Orders.

Permitted Variances has the meaning set forth in Section 5.26(b).

Permitted Variances means, with respect to any line item on any approved Operating Budget or Capital Budget for a Property and with respect to any monthly period, a deviation that is not greater than either (i) Twenty Thousand Dollars ($20,000) or (ii) five percent (5%) of the amount shown in such line item.