Permitted Variation means, in relation to any Mortgage Asset, any amendment or variation to the Material Terms of the relevant Mortgage Asset Agreement where following such amendment:
Permitted Variation means, in relation to any Assigned Right, any amendment or variation to the Material Terms of the relevant Receivables Contract where following such amendment:
Permitted Variation means any variation or amendment agreed within the scope of the Originator’s and Servicer’s usual origination and servicing procedures, including variations or amendments to a Material Term of a Mortgage Asset Agreement, other than an amendment which causes the maturity of such Mortgage Asset Agreement to fall later than 5 (five) years prior to the Final Legal Maturity Date.
Examples of Permitted Variation in a sentence
Graph shall implement a Permitted Variation without any additional charge to Customer.
The Developer shall not vary the Developer's Specification or the Base Specification save to the extent that such variation is a Permitted Variation or where Permitted Substitute Materials are used.
More Definitions of Permitted Variation
Permitted Variation means any variation or amendment to the Material Terms of a Loan under which (a) the interest spread payable under such amended Mortgage Backed Credit is not reduced by more than 0.5 per cent., and (b) the maturity of such Mortgage Backed Credit is not amended so as to fall within the last 3 years prior to the Final Legal Maturity Date, provided that, no variation or amendment to an Increasing Instalments Mortgage Backed Credit is permitted until no scheduled increases in the instalment payments due thereunder remain to be made, notwithstanding fluctuations in interest rates.
Permitted Variation means any of the following kinds of variations to this agreement:
Permitted Variation means any variation in the terms of the Debt Securities of a series which, pursuant to Section 3.01(5) or Section 3.01(23), are permitted to be made by the Company under circumstances specified pursuant to Section 3.01(5) or Section 3.01(23).
Permitted Variation means, in respect of a Lease Agreement and/or the Credit and Collection Procedures, a change to the terms and conditions of that Lease Agreement and/or the Credit and Collection Procedures which:
Permitted Variation means, in relation to any Mortgage Asset, any amendment, waiver or variation to the Material Terms of the relevant Mortgage Asset Agreement, subject to the following limitations:
Permitted Variation means any variation or amendment to the Material Terms of a Mortgage Loan under which (a) the interest rate spread payable under such amended Mortgage Loan is not reduced by more than 0.5 per cent. and/or (b) the maturity of such Mortgage Loan shall not be greater than 3 years prior to the Final Legal Maturity Date.
Permitted Variation means any variation or amendment to the Material Terms of a Consumer Loan Agreement under which (a) the spread over the index used to determine the rate of interest thereunder or the fixed rate is not reduced by more than 0.5 per cent.; (b) the maturity term of such Consumer Loan Agreement is not amended so as to fall within the last 3 (three) years prior to the Final Legal Maturity Date; (c) the maturity term of such Consumer Loan Agreement is not amended by more than 50 (fifty) per cent. of its original maturity term.