Weekly Variance Report definition
Weekly Variance Report for each calendar week, a variance report in substantially the form of Exhibit J hereto; each such report shall include explanations for all material variances against the Initial Budget, shall be certified by a Responsible Officer of the Borrower as being prepared in good faith and fairly presenting in all material respects the information set forth therein.
Weekly Variance Report means a weekly report in form and substance acceptable to the Administrative Agent showing a variance for the prior four week cumulative period and the immediately preceding week of the actual performance compared to the Thirteen Week Cash Flow Statement.
Weekly Variance Report shall have the meaning assigned to such term in Section 5.01(ii).
Examples of Weekly Variance Report in a sentence
The Debtors shall deliver a Weekly Variance Report to the DIP Agent by 12:00 p.m., Eastern time, on Friday of each week.
Simultaneously with the delivery of the Weekly Variance Report, the DIP Borrower shall report on consolidated unrestricted book cash as of the end of the preceding week (as reported in the Weekly Variance Report), which shall not be less than $50 million.
More Definitions of Weekly Variance Report
Weekly Variance Report means a weekly report showing a variance for the prior four week cumulative period and the immediately preceding week of the actual performance compared to the Thirteen Week Cash Flow Statement.
Weekly Variance Report means, for each calendar week, a budget variance report in form and substance reasonably satisfactory to Agent; each such report
Weekly Variance Report shall have the meaning provided in Section 9.1(c)(ii).