Permitted Variations definition

Permitted Variations has the meaning assigned to such term in Section 6.12(f).>

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Permitted Variations means unapproved variations of any costs and expenses in the approved Budget for the period such approved Budget is effective that do not exceed either (i) an aggregate of five percent per annum of all costs and expenses in such approved Budget, or (ii) five percent per annum for any line item in the approved Budget. Any expenditure made that is a Permitted Variation, which Permitted Variation later is specifically approved by the Owner or included in a revised approved Budget, no longer will be an unapproved variation for purposes of calculating the aforesaid limitations in (i) and (ii).

Permitted Variations means (i) amendments, insertions and/or deletions to the “Insurance and Indemnification” provisions in Section 4 of Exhibit F of this Agreement and/or (ii) such amendments, insertions and/or deletions to the provisions set forth in Exhibit F of this Agreement as are necessary or advisable in order to ensure the effectiveness of the sublicense under the laws of a jurisdiction outside of the United States of America.

Examples of Permitted Variations in a sentence

The Management Company may make expenditures in excess of budgeted amounts within the limits of the Permitted Variations, and the Management Company also may make expenditures for Necessary Expenses, whether or not budgeted and whether or not the same exceed the Permitted Variations, with prior notice to the Owner.
Except for Permitted Variations, Necessary Expenses, and other provisions in this Agreement specifically allowing the Management Company to depart from the applicable Budget or allowing the Management Company to spend a specified amount of money, the Management Company may not take any action, make any expenditure, or incur any obligation by or on behalf of the Owner, the Hotel, or the operations thereof that reasonably could be expected to cause a material variance from any applicable Budget.
With the Owner’s prior written approval, the Management Company also may make expenditures in excess of the Permitted Variations for costs and expenses that vary with occupancy to the extent, and in proportion to the amount by which, occupancy exceeds the projections contained in the applicable Budget.
The Parties agree that, the revision of the Draft Amryt Agreement for the purposes of the Sole Permitted Variations in accordance with this clause 6.3.3 shall have no Impact upon the other agreed terms of the Amryt Share Exchange Agreement or upon the release of the signature pages upon the RTO by Counsel.
Subject to Section 3.2, and within the authorizations of any Approved Annual Plan (including any Permitted Variations to the Annual Budget), the Manager shall have full power and authority to do all things deemed necessary or desirable by it, in good faith, to conduct the business of the Company and to exercise all powers which the Company may legally possess to effectuate the purposes set forth in Section 1.3.
The Contractor agrees that (unless otherwise agreed between the Client and the Contractor in the Agreed Installment Payment Plan Schedule) the Client shall withhold an amount equal to 5% of the Total Price, including any Permitted Variations, as security against the performance by the Contractor of any remedial work to remedy any defects in the Works.
Delete Schedule 3 Part A (Permitted Variations to Tariff, Non-Tariff Prices and Other Payment Arrangements) and replace with the following Parts for Schedule 3 as set out in Appendix 2, in each case as completed where applicable by the Parties: Part AA (Local Prices) Part AB (Local Variations) Part AC (Local Modifications), Part AD (Marginal Rate Emergency Rule); and Part AE (Emergency Re-admissions Within 30 Days).

More Definitions of Permitted Variations

Permitted Variations means variations or departures (a) required by the Court, (b) required by the Panel, (c) required by any other law, regulation or regulatory body, or (d) previously consented to by the Lender in writing;

Permitted Variations means any otherwise unapproved variations from any Approved Budget of not more than ten percent (10%) from any Specified Line Item in the Approved Budget during the time such Approved Budget is effective, or any otherwise unapproved aggregate variations (whether from any Specified Line Item and/or any other line item) of not more than five percent (5%) of the aggregate Approved Budget during the time such Approved Budget is effective. Any expenditures made by the Manager which are in excess of the Approved Budget determined without Permitted Variations which expenditures are later specifically approved by the Members or are included in a revised Approved Budget shall no longer be a variation.

Permitted Variations means, in respect of an SME Bond, a change to the terms and conditions of that SME Bond which relates to a change in: (1) the terms of either the type or tenor of the base rate of interest; (2) the terms of the frequency by which an SME Bond Issuer is obliged to make interest payments, provided that the SME Bond Issuer is at all times obliged to

Permitted Variations means, in respect of a Lease Contract, any waiver, variation or amendment of the terms of such Lease Contract, other than in relation to the following:

Permitted Variations means (i) amendments, insertions and/or deletions to the “Insurance and Indemnification” provisions in Section 4 of Exhibit F of this Agreement