Variance Threshold definition

Variance Threshold means an increase in any individual line-item of expense (other than Capital Expenditures) set forth in the then current Budget for a Fiscal Year up to the greater of five percent (5%) of such individual line-item of expense and Ten Thousand Dollars ($10,000) (provided that the overall Budget for such Fiscal Year (excluding therefrom Capital Expenditures) is not increased by more than five percent (5%)).
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Examples of Variance Threshold in a sentence

  • Manager shall use, manage and operate the Property strictly in accordance with the then-current Budget (subject to the Variance Threshold as provided herein), provided that, without Owner’s prior approval, Manager may incur expenses in excess of the Budget in the event of an emergency requiring immediate action to avoid imminent personal injury or imminent material property damage.

  • The Borrower shall ensure that, at all times, the difference between the Tranche A L/C Obligations and the Tranche ▇ ▇/C Obligations do not exceed the Permitted Tranche Variance Threshold.

Related to Variance Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • Threshold means, with respect to Party B and any Valuation Date, infinity.