Variance Amount definition

Variance Amount means the sum of (a) and (b) when: (a) is the Calculated Amount, and (b) is the product obtained by multiplying the Calculated Amount by the Allowable Variance.
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Variance Amount has the meaning specified in Section 9.6(g). --------------- --------------
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Variance Amount means $1.85 million.
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Examples of Variance Amount in a sentence

  • Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities (and, in the case of a Location Swap, any Net Swap Imbalance) in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • Delivery Point is defined in clause 12.1. Delivery Variance Amount is defined in clause 17.3.

  • Capacity Variance Amount An amount payable by or to a Delivery Participant or a Receiving Participant in respect of its Capacity Variance Quantities in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • The Initial Payment shall be reduced dollar for dollar by the Aggregate Customer Inventory Variance Amount, if any, determined for each Existing Customer and Buyer shall assume Seller’s obligation to reimburse or pay the Existing Customers for any actual Customer Inventory variance regardless of whether the actual amounts of such variances equate to the Aggregate Customer Inventory Variance Amounts which reduce the amount of the Initial Payment as provided above.

  • If the Purchaser does not deliver a Variance Amount Statement within a period of 12 (twelve) months from the Execution Date, then it shall be presumed that the Purchaser has accepted the Purchase Consideration as considered on the Closing Date.

  • The Allowable Variance Amount ($500) would then be subtracted from such value to equal $1,625.00.

  • If the Variance Amount exceeds the Escrow Amount, all of the Escrow Amount shall be paid to the Buyer and the Sellers shall be obligated to pay to the Buyer the amount of such difference.

  • Term Definition Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities (and, in the case of a Location Swap, any Net Swap Imbalance) in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • If no Variance Review Notice has been issued by the Sellers within the aforesaid period, the Sellers shall be deemed to have accepted the calculation and changes proposed by the Purchaser through the Variance Amount Statement.


More Definitions of Variance Amount

Variance Amount. As specified in Annex I Equity Notional Reset: Not Applicable Type of Return: Not Applicable Initial Price: Not Applicable Final Price: Not Applicable Equity Amount: Notwithstanding anything to the contrary in Section 8.7 of the Equity Definitions, an amount as determined by the Calculation Agent in the Settlement Currency determined in accordance with the following formula: Variance Amount * [Min(FRV2, Variance Cap) – Variance Strike Price] Variance Strike Price: As specified in Annex I Variance Cap: As specified in Annex I which shall equal an amount determined in accordance with the following formula:
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Related to Variance Amount

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.